FFM Foundations In Financial Management ACTUAL EXAM ALL QUESTIONS AND CORRECT ANSWERS LATEST UPDATE THIS YEAR

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FFM Foundations In Financial Management
ACTUAL EXAM ALL QUESTIONS AND CORRECT
ANSWERS LATEST UPDATE THIS YEAR
QUESTION: Tyler, 23, is currently enrolled in coverage through a Marketplace plan that includes

himself, his sister and his father, who is the household contact. Tyler contacts you because he

wants to get on his own plan. You help Tyler fill out his application on HealthCare.gov, then

enroll in a plan. Later, Tyler calls you and is upset because the Marketplace terminated his

father and sister's coverage. What could have prevented this? - ANSWER-Tyler's father should

have removed Tyler from their family application prior to Tyler submitting his own application.




QUESTION: Last year, you helped Keisha create a Marketplace application and enroll in a plan.

The last time you talked to her, she was satisfied with her plan so you do not reach out during

this year's OE. Since she didn't hear from you, Keisha creates a new Marketplace application

during OE and enrolls in a new plan, without adding your NPN to her application. However, she

has already been auto-reenrolled in her current plan. Which of the following would happen

next? - ANSWER-The Marketplace cancels Keisha's auto-enrollment in the plan associated with

last year's agent-facilitated application and enrollment.




QUESTION: Applicants who permanently move within the same county, and do not gain access

to new QHPs as a result of the move. - ANSWER-Ineligible to Enroll in a QHP.


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QUESTION: Applicants completing an application during OE, typically between 11/1 and 1/15. -

ANSWER-Eligible to Enroll in a QHP (If otherwise meets criteria to enroll in a QHP)




QUESTION: An applicant who attests to being recently married with one spouse having

qualifying coverage in the last 60 days. - ANSWER-Eligible to Enroll in a QHP (If otherwise meets

criteria to enroll in a QHP).




QUESTION: Applicants who permanently move to a new county and attest to having qualifying

coverage in the last 60 days. - ANSWER-Eligible to Enroll in a QHP (If otherwise meets criteria to

enroll in a QHP).


Q; Jose, a Marketplace agent, forgets to include his NPN on a transaction when enrolling a

consumer in a QHP. What should Jose do to ensure he is compensated for the enrollment?

Select all that apply. - ANSWER-1. Contact the respective QHP issuer directly about the

compensation issue, and work with the consumer to update their Marketplace application to

include Jose's NPN moving forward.


2. Work only with the consumer directly to update their Marketplace application to include his

NPN.




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QUESTION: Consumers, with the assistance of an agent or broker, remain on HealthCare.gov

throughout the entire application process. - ANSWER-The Marketplace




QUESTION: Agents and brokers may be able to facilitate the entire enrollment experience for a

consumer, including the ability to obtain an eligibility determination from the Marketplace,

without a need for the consumer to visit HealthCare.gov. - ANSWER-EDE




QUESTION: Agents and brokers visit both a DE partner's site and the HealthCare.gov site while

completing the application. - ANSWER-Classic DE




QUESTION: Applicants who move from a foreign country. - ANSWER-Eligible to Enroll in a QHP

(If otherwise meets criteria to enroll in a QHP).




QUESTION: Applicants who submit an application on January 17 and are not SEP-eligible. -

ANSWER-Ineligible to Enroll in a QHP.




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