Nc Medicare Supplement & Long Term Care Insurance Licensing Exam Solved 100% Correct!!

Days 1 to 60 {Ans: Non-Exhaustible Benefit -After deductible is met, Part A pays 100% of all approved hospital charges for first 60 days of confinement.}Med Supp Disclosure Provisions {Ans: -"Outline of Coverage" must be provided at time of application & a signed acknowledgement of receipt from applicant must be collected. -Must include renewal or continuation provision on first page -Riders added after issuance that affects policy coverage & premium must have a signed acceptance from insured -"Reasonable & Customary" must define the term & explained in outline of coverage. -ALL supplement policies MUST have a 30 Day Free Look Period -All applicant must be provided a NC Buyer's Guide from NAIC AND a Medicare Supplement Buyer's Guide from CMS at time of application.}General Enrollment Period {Ans: Medicare enrollment period - January 1st through March 31st annually. -Coverage begins July 1st of that year -Monthly premium for part B may go up 10% for each full 12 month period that you're eligible but didn't sign up.}MAC {Ans: Medicare Administrative Contractor - company contracted to administer Part A & Part B claims.}Marketing Standards for Med Supp {Ans: -Comparisons of policies will be fair & accurate -Avoid