MEDICARE 101
List of covered drugs that varies from carrier to carrier
What is a FORMULARY
Physician's Coverage
What is B?
OEP
What is Jan 1 - March 31?
Mr. Green's 65th birthday is July 20, 2020. If he signs up for Medicare in April, May, or June. When is your plan effective?
What is July 1st?
You MUST select PRIMARY CARE PHYSICIAN
What is HMO
The best time to purchase a MEDICARE SUPPLEMENT PLAN.
SNF
What is A?
One-time opportunity to enroll in Medicare when first eligible.
What is ICEP?
Your birthday is March 5, you enroll in Medicare March 20th. When is your plan effective?
What is April 1st
This organization must approve all marketing materials before distribution
What is CMS?
October 15 - December 7
What is AEP
Home Health Care
What is A?
Manages Medicare
Who is CMS?
(Centers for Medicare & Medicaid Services)
Your birthday is August 6, you enroll in Medicare in June. When is your plan effective?
What is August 1st.
What is a TRIAL RIGHT?
An enrollment period prompted by a move from one state to another state.
What is SEP-MOV
Durable Medical Equipment
What is B?
What is 40 quarters (or 10 years of work)
Your birthday is September 6, you enroll Medicare October 15. When is your plan effective?
What is November 1st.
HMO, PPO, PFFS AND SNPs
Jan 1 - March 31
What is OEP?
If you have a combination of A, B & D
What is C?
Under 65 must be disabled for this amount of time to receive Medicare.
What is 24 months?
Mr. Kim's 65th birthday is July 1, 2020. If he signs up for Medicare in March, April, or May. When is your plan effective?
What is June 1, 2020?
If you do not enroll in a SUPPLEMENT PLAN when you first qualify for Medicare, then you want to enroll later, you will be subjected to THIS...
What is UNDERWRITING?