A formulary is a list of drugs covered by a plan. - ANSTrue
Beneficiaries do not need to pay their monthly Medicare Part B premium if they pay the premium for a
Medicare Supplement plan - ANSFalse
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. -
ANSTrue
Enrollment into a Medicare Supplement plan will not cause an automatic disenrollment from a Medicare
Advantage Plan. - ANSTrue
Explain your role as an agent that you are a representative of Medicare. - ANSFalse
For a beneficiary who enrolled in an MA-only plan during the Annual Election Period, the beneficiary will not be
able to enroll in a plan that offers prescription drug coverage until the following Annual Election Period.
EXCEPTION: The beneficiary chooses to use their one-time election during the Open Enrollment Period or
qualifies for a Special Election Period. - ANSTrue
Formularies may change from year to year, so it is important to confirm coverage and copayments each plan
year. - ANSTrue
If you are meeting with an existing member about their plan needs for the coming year, you may want to
review their ANOC letter. Reviewing this information with your clients, will help them decide whether or not
they may need to change plans based upon their needs. ANOC stands for: - ANSAnnual Notice of Changes
Medicare Supplement (or Medigap) plans allow members to visit any Medicare-approved doctor, specialist or
hospital with no referrals required. - ANSTrue
Plans sold before an agent has completed the necessary licensing, appointment and certification will not be