Brokers/agents are required to notify Wellcare about which types of events?

In the context of Wellcare's policies, brokers and agents are required to notify the company about both Formal and Informal Sales Events. This requirement ensures that Wellcare can maintain oversight of the sales activities and compliance with regulatory standards across all types of events where they interact with potential clients.

Formal Sales Events often include structured presentations or organized sessions where plans are actively sold. These events are generally scheduled and publicized, providing a clear framework for oversight.

Informal Sales Events, on the other hand, may include casual gatherings or interactions where discussions about plans and benefits occur, but without a formal sales process. Notifying Wellcare about these events is also important, as it helps the company monitor all outreach efforts and ensures that agents are representing the plans accurately and consistently.

Understanding the distinction between formal and informal events reinforces the importance of comprehensive communication with Wellcare to ensure compliance and uphold the integrity of the sales process. Therefore, agents are responsible for notifying Wellcare about both types of events to foster transparency and regulatory adherence.