Medicare AEP Quiz: Test your knowledge as an agent OR consumer to help make good decisions about Medicare.
Test your knowledge of the upcoming Medicare Annual Enrollment Period. You will instantly receive your results and will not be contacted by us unless you indicate that you want to be at the end of the survey. Sponsored by Alabama Health Guidance. Good Luck!
Medicare AEP Basics
1. When is the Medicare Annual Enrollment Period?
Oct 1 - Dec 31
Oct 1 - Dec 7
Oct 15 - Dec 7
Oct 15 - Dec 31
2. The Medicare Annual Enrollment Period is designed for you to compare which plan types?
Medicare Advantage
Prescription Drug Plans
Medicare Advantage and Prescription Drug Plans
Life Insurance
3. If you choose a plan during the Medicare Annual Enrollment Period, when will it become effective?
Dec. 1
Dec. 15
Jan. 1
Jan. 15
4. You only have a one-time enrollment during AEP?
True, once you enroll in a plan during AEP you can't change your mind.
False, you can make multiple choices during AEP, however, the last one in before Dec. 7th will be the "final decision".
5. You are allowed to enroll a member for AEP before Oct. 15th.
True, you may begin enrolling members Oct 1st.
False, if you submit an AEP application prior to Oct. 15 the app will be rejected and you will be in trouble..
Medicare Advantage Plans
8. At what point of the sales process is the scope of appointment supposed to be signed?
48 hours before the appointment
Can be done immediately before you discuss the specifics of ANY MAPD / PDP
Before the customer signs the application
Before you fax the paper application in
6. What are the two types of Medicare Advantage Plans:
HMO and PPO
HMO and HBT
PPO and HFO
PPL and HML
7. What is the primary difference between HMO and PPO?
With an HMO, you do not have prescription drug coverage.
You do not have coverage outside of the HMO network.
You do not have coverage outside the PPO network.
PPO has Prescription Drug Coverage, HMO's do not.
9. Some Medicare Advantage plans are designed for people who have BOTH Medicare and Medicaid. What are these plans called?
HMO
PPO
Special Needs Plan
ICO
10. One major benefit of having a Medicare Advantage Plan vs. Original Medicare is that a Medicare Advantage Plan gives you an _______?
Gym Membership
Dental
Vision
Out-of-pocket-Maximum
Medicare Supplements
11. A Medigap policy and a Medicare Supplement are the same thing.
True
False
12. Medicare Supplements are also known as Medicare Part C.
True
False
13. If your client purchases a Medicare Supplement policy plan F they wouldn't pay anything for prescriptions.
True - Plan F covers everything
False - Plan F doesn't cover drugs
14. When someone turns 65, how many months do they have to choose ANY Medicare Supplement without answering health questions.
3 months
4 months
6 months
12 months
15. If someone has a Supplement, and has never had a Medicare Advantage Plan, they can try a Medicare Advantage Plan for 12 months as a trial period. At anytime during that 12 months, they are allowed to return to the Medicare Supplement they came from without answering any underwriting questions.
True
False
Medicare Drug Plans
16. What are the 3 main things to look for when comparing Prescription Drug Plans? (choose 3)
Are all my drugs covered on the plans formulary?
How much is the premium?
Will it cover my medical expenses?
Does my pharmacy take my plan?
17. Medicare Part B drugs can be purchased at a pharmacy for a copay that counts towards the donut hole.
True
False
18. My Drug plan will fit my needs next year because it fit my needs this year.
True
False
19. Medicare Part B drugs are drugs administered by a physician such as chemotherapy and typically cost most Medicare Advantage plan members 20%. True or False?
True
False
20. Choosing my Medicare Insurance plans through a local Agency like Alabama Health Guidance can benefit me greatly because I can meet with someone in person and they will be my agent of record to help me fix my Medicare Insurance problems.
True
False
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Setup my Annual Medicare Review
Save money on Prescription Drug Costs
Low-Income Programs (for people that make less than $1,500/month)
General Medicare Questions
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