Written by students who passed Immediately available after payment Read online or as PDF Wrong document? Swap it for free 4.6 TrustPilot
logo-home
Document preview thumbnail
Preview 1 out of 2 pages
Exam (elaborations)

Anthem - Tools for Compliant Selling Questions and Answers

Document preview thumbnail
Preview 1 out of 2 pages

Anthem - Tools for Compliant Selling Questions and Answers 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

Content preview

Anthem - Tools for Compliant Selling Questions and Answers
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

Document information

Uploaded on
July 7, 2025
Number of pages
2
Written in
2024/2025
Type
Exam (elaborations)
Contains
Questions & answers
£11.03

Wrong document? Swap it for free Within 14 days of purchase and before downloading, you can choose a different document. You can simply spend the amount again.
Written by students who passed
Immediately available after payment
Read online or as PDF

Sold
0
Followers
0
Items
523
Last sold
-



Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their exams and reviewed by others who've used these revision notes.

Didn't get what you expected? Choose another document

No problem! You can straightaway pick a different document that better suits what you're after.

Pay as you like, start learning straight away

No subscription, no commitments. Pay the way you're used to via credit card and download your PDF document instantly.

Student with book image

“Bought, downloaded, and smashed it. It really can be that simple.”

Alisha Student

Working on your references?

Create accurate citations in APA, MLA and Harvard with our free citation generator.

Working on your references?

Frequently asked questions