fbpx

Agent Update Memo - November 2020

Below you will find new trainings and information both from Senior Marketing Specialists and the industry as a whole.

Senior Marketing Specialists Updates

Stay Sharp for the 4th Quarter

Key Reminders

  • Watch for Special Election Periods during declared natural disasters. 
  • Service Area Reduction Reminder (Page 37): The Service Area Reduction SEP cannot be used until December 8th through the last day of February.   
  • Dual Enrollment 4th Quarter blackout: (select “Dual Election Rules”) Medicare and Medicaid eligible clients, must use AEP as the election for enrollment in 4th quarter. There is a dual enrollment blackout from December 8 – December 31.  
  • Stand Alone PDP: Many Medicare Advantage (MA)-Only plans are being offered in 2021. Members of MA-only coordinated care plans (HMO, POS, PPO) cannot enroll in a stand-alone PDP. If they enroll in a stand-alone PDP, they will be disenrolled from their MA-only coordinated care plan. MA-only plans work great for your veteran clients who have credible drug coverage through their VA insurance coverage.  

Industry Updates

  • 2021 CMS Landscapes – See all MA/PDP/SNP available in each county nationwide.  
  • Medicare Savings Programs – Your clients could be eligible for help from their state with paying Medicare premiums. 
  • Non-Commissionable PDP’s for 2021: Clear Spring, Express Scripts, and Cigna.  
  • The Medicare Cost Sheet is typically released mid-November to mid-December in the Medicare.gov publications portal. 
  • MA and PDP Star Ratings have been announced. Make sure your supplies are updated with the correct star ratings. 
  • IRS 502 Publication – This form details Tax Deductible Medical/Dental Expenses, and can be used to determine what expenses qualify when using a Medical Savings Account (MSA). 
  • Keep an eye out on Extended Release Metformin recalls. 
  • Many Carriers offer extra incentives during Q4, check out our Contests page to plan out the rest of your year! 

Your team is a true team. You help us (and each other) until the outcome is resolved. Always know what you are talking about and can get answers when you aren’t sure. Thank you!

~ Diana F.  

Sources:

cited in article

Recent Posts

70% shopping rates will make this AEP a war zone. Do you have your Battle Plan ready?

Attend one of our in-person AEP Disruptions Bootcamps, or be left behind.

July 23, 2024 
Blue Springs, MO

July 25, 2024
St. Charles, MO

July 31, 2024
Columbia, MO

Sign In

Your username is the email you registered with.