Medicare Supplement Plan Benefits
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Questions and Answers

What is the recommended approach when engaging with prospects/members?

  • Have meaningful conversations with each and every prospect/member (correct)
  • Have brief conversations to quickly uncover needs
  • Rely on online resources to answer questions
  • Only focus on providing policy information

What should be presented to the customer before enrollment?

  • The Disclosures from DMS-245 only
  • The Outline of Coverage (OOC) Document and policy terms (correct)
  • Only the policy terms and conditions
  • A generic policy brochure

What is a characteristic of Humana Medicare Supplement plans?

  • They have a hospital network
  • They have a provider network
  • They do not have provider or hospital networks (correct)
  • They have both provider and hospital networks

What is the purpose of the Medicare Supplement Master Reference Guide?

<p>To serve as a resource for agents to guide customers (B)</p> Signup and view all the answers

Which of the following plans offers foreign travel emergency coverage?

<p>Plan C, D, F, High Deductible F, G, High Deductible G, or N (D)</p> Signup and view all the answers

What affects an agent's commission and residuals?

<p>The accretion rate and retention (C)</p> Signup and view all the answers

What is the order of payment for Medicare Supplement plans?

<p>Original Medicare is primary then Medicare Supplement plan is secondary (A)</p> Signup and view all the answers

What should agents provide to customers before enrollment?

<p>A timeline and customer service phone number (A)</p> Signup and view all the answers

What is the benefit of electronic claims coordination with Original Medicare?

<p>The beneficiary does not need to submit claims (C)</p> Signup and view all the answers

What is the purpose of the Medicare Supplement Agent Field Guide?

<p>To serve as a resource for agents to guide customers (A)</p> Signup and view all the answers

What is a condition for a Medicare Supplement plan to be guaranteed renewable?

<p>If criteria is met (C)</p> Signup and view all the answers

What is the purpose of the Achieve Plans?

<p>To offer competitive Medigap plans with limited benefits (C)</p> Signup and view all the answers

What is the primary concern for a Med Supp consumer?

<p>Value and peace of mind (A)</p> Signup and view all the answers

Which of the following is a characteristic of a Med Supp consumer who travels consistently?

<p>Does not want referrals (C)</p> Signup and view all the answers

What is the primary benefit of a HD Med Supp plan?

<p>100% coverage of covered services after deductible (D)</p> Signup and view all the answers

Who may benefit from a Med Supp plan due to their health issues?

<p>Those who have lots of health issues (B)</p> Signup and view all the answers

Why may an employer or group coverage holder consider a Med Supp plan?

<p>Because their employer or group coverage is costly (D)</p> Signup and view all the answers

What is a characteristic of someone who may not want a Med Supp plan?

<p>They want to stay in their employer or group coverage (B)</p> Signup and view all the answers

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