ANTHEM PART D PLANS ASSESSMENT 2024 Q’s & A’s

Which of the following statements about creditable prescription drug coverage is true? - ANSAll of the above statements are true. Which statement is NOT true about Low Income Assistance for Part D plans? - ANSQualifications for low-income assistance are reviewed every 3 years Members have reduced cost-share amounts on certain formulary tiers when utilizing preferred pharmacies. - ANSTrue Which choice is not a drug tier option addressed in the presentation? - ANSPreferred Supplemental To be eligible for a Stand alone Part D plan, the enrollee must be entitled to Part A or enrolled in Part B, and reside in the drug plan's service area. - ANSTrue Which choice does not represent a Medicare standard benefit phase? - ANSTrOOP Coverage phase Which statement does not represent a Formulary Transition Requirement? - ANSAll of the above represent a Formulary Transition Requirement Which of the statements below is true about the Deductible phase? - ANSAll of the above statements are true The Late Enrollment Penalty (LEP) does not apply to Low-Income Subsidy (LIS) members or members with creditable coverage. - ANSTrue Agents do not need to confirm drug coverage with the beneficiary if they have specific medication concerns as all plan formularies cover the same drugs. - ANSFalse