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Industry Acronyms and Terminology

A brief glossary of industry acronyms and terminology, along with some “Messerese,” our own lexicon of proprietary programs and acronyms.

Updated over 3 weeks ago

Term

Definition

ACA

Affordable Care Act

ACA STAR

Messer’s program designed for ACA-focused agents

ANOC

Annual Notice of Change

AOR

Agent of Record

AEP (Annual Enrollment Period)

Medicare Annual Enrollment Period running October 15 – December 7

ALL IN

Messer program including ACA Star and Medicare Star features plus additional benefits

BoB

Book of Business

BEQ

Benefit Eligibility Query

CAPTIVE AGENTS

Agents tied to a single insurance carrier who usually do not own their book of business

CC (Chairman’s Council)

Group of top Messer agents who earn elevated status based on production

CMS

Centers for Medicare & Medicaid Services

CRM

Customer Relationship Manager

CSNP

Chronic Special Needs Plan

DSNP

Dual Special Needs Plan

DNC

Do Not Contact

DOI

Department of Insurance

E&O

Errors & Omissions

EAC (eAgent Center)

Platform where agents can view statements for commissions paid by Messer

EDE (Enhanced Direct Enrollment)

Allows consumers to enroll in Marketplace plans without visiting HealthCare.gov

EAP (Employer Assistance Program)

Voluntary benefits like pet insurance or identity theft protection

FE

Final Expense

FFM

Federally Facilitated Marketplace

FMO

Field Marketing Organization

GHL

Go High Level

GI

Guaranteed Issue

GBP

Google Business Profile

HMO

Health Maintenance Organization

HSA

Health Savings Account

ICHRA

Individual Coverage Health Reimbursement Agreement

IFP

Individual & Family Plans

IMO

Independent Marketing Organization

JIT (Just-In-Time)

Carrier delays formal agent appointment until first piece of business is submitted

K

Kidnap/Ransom Insurance

LEGACY ADDENDUM

Protects agent commissions for beneficiaries after death

LOA (Licensed Only Agent)

Agent employed by or under exclusive contract with an upline

MA

Medicare Advantage

MAP

Medicare Advantage Plans

MAPD

Medicare Advantage with Prescription Drugs

MEDICARE PDP

Medicare Prescription Drug Plan

MEDICARE STAR

Messer program for Medicare-focused agents

MESSER MARKETING STUDIO

Online repository of compliant marketing materials

MIC

My Insurance Cards

MFG

Messer Financial Group

MOOP

Maximum Out of Pocket

MSA

Medical Savings Account

MyMFG

Tool allowing side-by-side ACA and Medicare Advantage comparisons

MyMFG+

CRM used to manage an insurance agent’s business

MyMFG MARKETPLACE

Messer’s preferred place to purchase leads

NON-CAPTIVE AGENTS

Independent agents who can contract with multiple carriers

NPN

National Producer Number

OEP (Open Enrollment Period)

Open enrollment periods for U65 and Medicare

OFFICE IN A BOX

Messer compliance and support application

P&C

Property and Casualty

PCP

Primary Care Physician

PDP

Prescription Drug Plan

PFFS

Private Fee for Service

PMPM

Per Member Per Month

PPO

Preferred Provider Organization

QSEHRA

Qualified Small Employer Health Reimbursement Agreement

ROI

Return on Investment

RTS

Ready to Sell

RELEASE POLICY

Rules allowing a captive agent to leave a carrier contract

SAAS (Software as a Service)

Software accessed online via subscription

SAR

Service Area Reduction

SEP

Special Enrollment Period

SOA (Scope of Appointment)

Document ensuring only requested Medicare products are discussed

SOP

Standard Operating Procedures

SME (Subject Matter Expert)

Person with specialized expert knowledge

SureLC

Platform housing agent licenses and carrier contracts

TOH

Top of Hierarchy

TPMO

Third-Party Marketing Organization

TPS (Top Producer Summit)

Messer annual recognition event for top producers

U65

Under 65

UL

Universal Life

VA

Veterans Affairs

VESTED COMMISSIONS

Agents continue receiving commissions as long as policies remain active

W

Waiting Period

WL

Whole Life

X-Date (Expiration Date)

Policy expiration date used in Property & Casualty insurance

X-Risk

Extreme or catastrophic risk

YTD

Year to Date

ZDP

Zero Dollar Premium

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