Queenie

Annual Election Period (AEP) is a time when. . . Consumers can elect to switch to a different plan or join a Medicare Advantage plan or Prescription Drug Plan.

Which of the following is NOT true of Medicare Supplement Insurance Plans? Insured members must have their care coordinated through a primary care provider.

The Medicare Access and CHIP Reauthorization Act of 2015 (MACRA), which went into effect January 1, 2020, applies to all carriers offering Medicare supplement plans. TRUE

In states where Medicare Supplement Insurance underwriting criteria can apply, all of the following underwriting criteria apply EXCEPT: Consumers may be underwritten to determine their acceptance and, if applicable, their rate.

Which of the following lists drug tiers from least expensive cost share to most expensive cost share? Preferred Generics, Generics, Preferred Brand (and some higher-cost generics), Non-Preferred Drug (and some higher-cost generics), Specialty

Can a consumer who qualifies for Low Income Subsidy receive financial assistance for their part of Medicare Part D costs? Yes, through subsidies such as lower or no monthly plan premiums and lower or no copayments

What is the amount added to the member’s monthly plan premium if they did NOT enroll in a Medicare Advantage plan with Part D benefits or stand-alone prescription drug plan when they were first eligible for Medicare Parts A and/or B or went without creditable prescription drug coverage for 63 or more continuous days? Late … Read more