Meeting Sales and Retention Requirements for AARP Medicare Supplement Plans

Sales and Retention Requirements for AARP Medicare Supplement Plans

Final answer: The question pertains to the sales or retention requirements of agents servicing AARP Medicare Supplement and/or Medicare Select Plans. An agent needs to sell at least 30 commission-eligible accepted and paid plans per year, or maintain an active member base of at least 150 members to meet their annual requirements.

Explanation: The question pertains to an agent's sales or retention requirements for the AARP Medicare Supplement Plan and/or Medicare Select Plan each calendar year. AARP, or the American Association of Retired Persons, is an advocacy group for individuals aged 50 and above. AARP often works to convince the government to provide more resources and services for senior citizens. One such resource is Medicare, which provides health insurance for those 65 and older.

In this context, agents are individuals who sell or service these health insurance policies. To fulfill their annual requirements, according to the question, agents must have at least 30 commission-eligible, accepted, and paid sales of the said plans or maintain a book of 150 or more active members. In essence, an agent must either sell a minimum of 30 plans that earn them a commission and are accepted and paid for by the customer, or they should service an active member base (book of business) of at least 150 members.