Summary
Highlights
This question asks for the deductible of a high-deductible Plan G. The correct answer is '$2,950,' distinguishing it from a standard Plan G which has no deductible.
The question asks for the Part B premium for someone in the second tier of IRMA. The correct answer is '$284.10,' indicating a higher premium based on income.
The final question concerns the highest deductible a Medicare drug plan can have. The answer is '$545,' a key figure for understanding prescription drug costs.
The session begins with a welcoming address and a review of the previous day's and current week's sales figures. Top performers are acknowledged, and a collective goal of reaching $100,000 in revenue for the week is set, requiring an additional $33,000.
A motivational story is shared about agents demonstrating exceptional dedication, with one attending a BTA dinner despite his child's ER visit and another coming to work after being up until 5 AM with a sick baby, emphasizing their commitment to team goals.
The group prepares for the Kahoot trivia game. The host discusses music preferences, settling on 'butt rock' (post-grunge) for the Kahoot soundtrack, creating a nostalgic and energetic mood.
The first Kahoot question asks what the first 'A' in IRMA stands for. Many struggle with the answer, which is 'Adjustment,' specifically referring to 'Income Related Monthly Adjustment Amount.'
The second question asks what 'N' in Plan N stands for. The trick is that 'N' doesn't stand for anything; it's just the name of the plan. This highlights a common misconception about Medicare plan naming.
The third question asks what 'A' in VA stands for. The correct answer is 'Affairs' (Veterans Affairs), with many participants guessing 'Assistance' or other incorrect options.
This question tests knowledge on how many times a beneficiary can use their Initial Enrollment Period (IEP) to enroll in a plan. The correct answer is 'One time,' clarifying that IEP is a one-time opportunity.
Contrasting with IEP, this question asks how many times Open Enrollment can be used. The answer is 'As many as they want,' highlighting the flexibility of Open Enrollment for switching plans.
The sixth question asks about the SCP code for someone with other credible coverage and Medicare. The correct answer is 'CDC' (credible deductible coverage), replacing the older 'OCC' code.
This question covers the contestability period for Medicare supplements. The correct answer is '2 years' or '24 months,' during which carriers can contest the legitimacy of underwriting.
The question identifies the gap that Plan A doesn't cover but F, G, and N do. The answer is the 'Part A deductible,' which this year is $1,736.
This question asks for the cutoff date for Plan F eligibility. The correct answer is 'January 1st, 2020,' which is when key changes to Medicare supplement plans occurred.
The question concerns how many days a Medicare Advantage (MA) plan covers for a skilled nursing facility. The answer is '100 days,' with the first 20 covered at 100% and a co-pay from day 21 to 100.
This question asks for the highest maximum out-of-pocket (MOP) a Medicare Advantage plan can have. The answer is '$14,000,' highlighting the maximum potential cost for enrollees.
The question pertains to the duration a beneficiary must keep their Medicare Advantage plan to avoid a full agent chargeback. The answer is '3 months,' after which agents retain commissions.
The Kahoot winners are announced, with Matt taking first place. The host encourages everyone to continue studying Medicare to improve their knowledge and aims to hit the weekly sales goal of $100,000.