Question

Which of the following is TRUE about the production requirement for the Authorized to Offer Elite status

a. Each calendar year, agents need to have at least 30 commission-eligible, accepted, and paid
b. AARP Medicare Supplement Plan and/or Medicare Select Plan sales or retain a book of business of 150 or more active members.

Answer 1

Agents must meet specific sales or business retention criteria for Authorized to Offer Elite status, and understanding AARP and Medicare can contextualize the impact of such requirements.

Step-by-step explanation:

The production requirement for the Authorized to Offer Elite status involves specific metrics that agents must meet within a calendar year. Although the specific requirement regarding the number of sales or the size of the book of business is not provided in the reference information, understanding how organizations like AARP advocate for seniors and the significance of programs like Medicare can help contextualize the importance and potential impact of these requirements on agents targeting this demographic.

For instance, AARP's advocacy roles and efforts to influence government policies reflect the need for agents to stay informed about changes in healthcare policy and related benefits that affect their senior clientele. Furthermore, agents must be aware of the socialization process seniors go through in learning about Medicare, Social Security benefits, and other relevant discounts or services, as these mark crucial points of engagement for potential sales and client retention strategies.