Alphabet Soup
CMS
What is the federal agency, the Centers for Medicaid & Medicare Services?
ACA Marketplace
What is the Affordable Care Act Marketplace that allows individuals and families to enroll in affordable health plans from private insurance companies?
Medicare Part B
What is Medical Insurance?
AEP
What is the Annual Enrollment Period? This takes place from October 15th to December 7th.
Field Agent
What is an Agent that sells in person in local communities? They are "out in the field."
BoB
What is an Agent's Book of Business?
Group Insurance
What is insurance offered to an employee by an employer (Also called Employer Group Insurance)?
Medicare Part A
What is Hospital Insurance?
Marketplace OEP
What is the Open Enrollment Period? This takes place November 1 to January 15.
FMO
What is a Field Marketing Organization?
HMO
What is a Health Maintenance Organization plan that requires a member to select a PCP and get their permission or referral before seeing a specialist?
Original Medicare
What is the government offered Medicare plan?
Medicare Part D
What is Prescription Drug Coverage?
SEP
What is the Special Enrollment Period?
HRA
What is a Health Risk Assessment?
PCP
What is a Primary Care Provider?
Medicare Advantage
What is the Medicare plan offered by private insurance companies?
Medicare Part C
Medicare OEP
What is the Medicare Advantage Open Enrollment Period (OEP)? This takes place 1/1 to 3/31.
SOA
What is a Scope of Appointment?
PPO
What is a Preferred Provider Organization plan? (A type of plan that does not require a PCP referral to see a specialist.)
Medicare Supplemental (Medigap)
What is the plan that eligibles with Original Medicare buy to fill the gaps in coverage? (Often referred to as a MedSupp plan)
A+B+C+D
What is an MAPD plan?
IEP
What is the Medicare Initial Enrollment Period? The 7-month window around your 65th birthday to sign up for Medicare.
~1 Hour
What is the average length of a sales appointment to sell a Medicare Advantage plan?