Formularies may change from year to year, so it is important
Formularies may change from year to year, so it is important to confirm coverage and copayments each plan year. Select one: True
Formularies may change from year to year, so it is important to confirm coverage and copayments each plan year. Select one: True
Plans sold before an agent has completed the necessary licensing, appointment and certification will not be eligible for commission payments. Select one: True
Beneficiaries do not need to pay their monthly Medicare Part B premium if they pay the premium for a Medicare Supplement plan. False
Enrollment into a Medicare Supplement plan will not cause an automatic disenrollment from a Medicare Advantage Plan. Select one: True
Different formulary tiers require different copayments or may be subject to deductible or even coinsurance. However, member cost sharing amounts may differ depending upon eligibility for Low Income Subsidy. Select one: True
Which of these statements is/are true about the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA) and its impact on Medigap plans effective 2020? e. All of the above statements are true
What do we require for you to be considered qualified or “ready to sell?” d. All of the above