Anthem Part D Plans 2022 PARTD22

Which statement does not represent a Formulary Transition Requirement?

d. All of the above represent a Formulary Transition Requirement

Which of the statements below is true about the Deductible phase?

d. All of the above statements are true

Which of the following statements about creditable prescription drug coverage is true?

d. All of the above statements are true.

Initial Coverage is calculated by adding the amount paid by the member (including any deductible) and the amount paid by the ______ for covered prescription drugs.

d. Plan

Members have reduced cost-share amounts on certain formulary tiers when utilizing preferred pharmacies.

TRUE

The Late Enrollment Penalty (LEP) does not apply to Low-Income Subsidy (LIS) members or members with creditable coverage.

TRUE

Which of the following is not a condition for drugs covered under Part D?

a. Used for any medically acceptable reason including off label use

Which choice does not represent a drug exception option?

a. A late enrollment exception - when a member requests to obtain a Medicare covered prescription drug outside of the standard election period timeframes

Which statement is NOT true about Low Income Assistance for Part D plans?

a. Qualifications for low-income assistance are reviewed every 3 years

Which of the following is not a condition for drugs covered under Part D?

a. TrOOP Coverage phase