2026 – FFM Exam | Questions with
100% Correct Answers | Verified
Solutions
Course
FFM
1. What is the Federally Facilitated Marketplace (FFM)?
A. A private insurance company
B. A federal platform where consumers can compare and enroll in health coverage
C. A Medicare claims system
D. A hospital network
Answer: B. A federal platform where consumers can compare and enroll in health coverage
Solution:
The FFM is operated by CMS and allows eligible consumers to shop for Qualified Health Plans
(QHPs).
2. Which law created the Health Insurance Marketplace?
A. HIPAA
B. Affordable Care Act (ACA)
C. COBRA
D. EMTALA
Answer: B. Affordable Care Act (ACA)
Solution:
The ACA established marketplaces to expand access to affordable health insurance.
3. What is the primary role of an FFM-certified agent or broker?
A. Make enrollment decisions for consumers
B. Assist consumers with comparing and enrolling in health plans
,C. Approve medical claims
D. Set insurance premiums
Answer: B. Assist consumers with comparing and enrolling in health plans
Solution:
Agents and brokers educate consumers and provide enrollment assistance while following CMS
requirements.
4. Who operates the Federally Facilitated Marketplace?
A. CMS
B. FDA
C. OSHA
D. IRS only
Answer: A. CMS
Solution:
The Centers for Medicare & Medicaid Services administers the FFM.
5. What is a Qualified Health Plan (QHP)?
A. A plan certified by the Marketplace that meets ACA standards
B. Any health plan sold online
C. A dental-only plan
D. A temporary insurance policy
Answer: A. A plan certified by the Marketplace that meets ACA standards
Solution:
QHPs must meet federal standards, including essential health benefits and consumer
protections.
6. Which consumers may qualify for Advanced Premium Tax Credits (APTC)?
A. Eligible individuals purchasing Marketplace coverage
, B. Only Medicare beneficiaries
C. Only employers
D. Anyone without verification
Answer: A. Eligible individuals purchasing Marketplace coverage
Solution:
APTC helps eligible consumers reduce monthly premium costs.
7. What factors are used to determine Marketplace financial assistance eligibility?
A. Household income and household size
B. Credit score
C. Vehicle ownership
D. Education level
Answer: A. Household income and household size
Solution:
Financial assistance calculations are based on household information and income.
8. What is the Open Enrollment Period (OEP)?
A. A yearly period when eligible consumers can enroll without a qualifying event
B. A provider contract period
C. A Medicare-only period
D. A claims review period
Answer: A. A yearly period when eligible consumers can enroll without a qualifying event
Solution:
During Open Enrollment, consumers can select Marketplace coverage without needing a Special
Enrollment Period.
9. What is a Special Enrollment Period (SEP)?
100% Correct Answers | Verified
Solutions
Course
FFM
1. What is the Federally Facilitated Marketplace (FFM)?
A. A private insurance company
B. A federal platform where consumers can compare and enroll in health coverage
C. A Medicare claims system
D. A hospital network
Answer: B. A federal platform where consumers can compare and enroll in health coverage
Solution:
The FFM is operated by CMS and allows eligible consumers to shop for Qualified Health Plans
(QHPs).
2. Which law created the Health Insurance Marketplace?
A. HIPAA
B. Affordable Care Act (ACA)
C. COBRA
D. EMTALA
Answer: B. Affordable Care Act (ACA)
Solution:
The ACA established marketplaces to expand access to affordable health insurance.
3. What is the primary role of an FFM-certified agent or broker?
A. Make enrollment decisions for consumers
B. Assist consumers with comparing and enrolling in health plans
,C. Approve medical claims
D. Set insurance premiums
Answer: B. Assist consumers with comparing and enrolling in health plans
Solution:
Agents and brokers educate consumers and provide enrollment assistance while following CMS
requirements.
4. Who operates the Federally Facilitated Marketplace?
A. CMS
B. FDA
C. OSHA
D. IRS only
Answer: A. CMS
Solution:
The Centers for Medicare & Medicaid Services administers the FFM.
5. What is a Qualified Health Plan (QHP)?
A. A plan certified by the Marketplace that meets ACA standards
B. Any health plan sold online
C. A dental-only plan
D. A temporary insurance policy
Answer: A. A plan certified by the Marketplace that meets ACA standards
Solution:
QHPs must meet federal standards, including essential health benefits and consumer
protections.
6. Which consumers may qualify for Advanced Premium Tax Credits (APTC)?
A. Eligible individuals purchasing Marketplace coverage
, B. Only Medicare beneficiaries
C. Only employers
D. Anyone without verification
Answer: A. Eligible individuals purchasing Marketplace coverage
Solution:
APTC helps eligible consumers reduce monthly premium costs.
7. What factors are used to determine Marketplace financial assistance eligibility?
A. Household income and household size
B. Credit score
C. Vehicle ownership
D. Education level
Answer: A. Household income and household size
Solution:
Financial assistance calculations are based on household information and income.
8. What is the Open Enrollment Period (OEP)?
A. A yearly period when eligible consumers can enroll without a qualifying event
B. A provider contract period
C. A Medicare-only period
D. A claims review period
Answer: A. A yearly period when eligible consumers can enroll without a qualifying event
Solution:
During Open Enrollment, consumers can select Marketplace coverage without needing a Special
Enrollment Period.
9. What is a Special Enrollment Period (SEP)?
