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Mutual of Omaha: New Med Supp Benefit – Mutually Well

Posted by www.psmbrokerage.com Admin on Wed, Aug 07, 2019 @ 03:28 PM

MOO LOGO

Mutually Well Fitness and Wellness Benefit

Mutual of Omaha is excited to announce a new benefit for our Medicare supplement policyholders coming soon. We have partnered with Tivity Health to provide our customers with a comprehensive fitness and wellness offering called Mutually Well. This new benefit allows an individual to tailor a fitness and wellness plan to meet their needs.

Customers will have access to:

  • Discounts of up to 30% on healthy living products and services from 20,000+ specialists. Examples of discounted services are chiropractic, acupuncture, massage therapy and nutritional programs
  • Flexible, budget friendly fitness program with access to 10,000+ fitness locations with no enrollment fee or contracts for a low cost of $25.00 a month
  • Free 30-day walking program and personalized weekly planning for their nutrition, fitness and wellness needs

A press release will be sent in a couple of weeks announcing this new benefit, and effective October 1, our Medicare supplement policyholders will have access to begin using this great benefit. Watch for more detailed information and additional resources that will be provided as we get closer to launch.

Not appointing with Mutual of Omaha? Request details here

Additional Updates:
 

Tags: Mutual of Omaha Medicare Supplement

State of Medicare Advantage

Posted by www.psmbrokerage.com Admin on Tue, Aug 06, 2019 @ 01:09 PM

 

Every day 10,000 seniors age into Medicare.

According to the US Census Bureau, the number of Americans over age 65 is projected to double over the next four decades, growing from nearly 48 million seniors today to about 98 million by 2060.1

 

By 2030, the entire baby boom generation will be older than age 65, meaning one in five U.S. residents will be over 65. In 2035, just five years later, roughly 78 million Americans will be over age 65.2

Not only is the aging population growing but older adults are also living longer, and many are living with serious chronic conditions. 67% of Medicare beneficiaries have two or more chronic conditions. Nearly all health costs are driven by patients with chronic conditions, for whom the federal government is the dominant payer. Individuals with multiple chronic conditions account for 94% of Medicare spending.3

As health care costs continue to increase and consumer costs rise, there is an urgency to improve quality and manage costs. The future of Medicare is the move away from traditional fee-for-service (FFS) models, which reimburse care based on volume of services provided. Medicare Advantage instead rewards the value of health outcomes delivered, which is essential to achieve better outcomes and better costs. Medicare Advantage, the modern, private-public option, is the future of Medicare.3

Medicare Advantage is leading the innovative use of value-based care offering beneficiaries the choice of an integrated care plan, with a focus on patient-centered primary care, early intervention, and care coordination. It means greater simplicity, affordability, and enhanced benefits to improve health and well-being for the millions of individuals.

Today, one in three Medicare beneficiaries are enrolled in Medicare Advantage, benefiting from a higher quality of care at lower consumer costs.4


Source: https://www.bettermedicarealliance.org/about-medicare-advantage/state-medicare-advantage

Image: Canva

Additional Updates:
 

Tags: Medicare Advantage, Medicare, Medicare Supplement, Medicare Part D

Mutual of Omaha: New Medicare Supplement Release - Alabama, Mississippi and Tennessee

Posted by www.psmbrokerage.com Admin on Tue, Aug 06, 2019 @ 11:27 AM

 

Mutual of Omaha has some exciting new opportunities with the release of a new Medicare Supplement in Alabama, Mississippi and Tennessee.

Check out the below details for more information.

Alabama

Converting from Mutual of Omaha Insurance Company to Omaha Insurance Company

  • The paper application and outline of coverage are attached
  • Producers can start taking paper apps in Alabama on August 5th, with an application sign date of August 5th or later; however, as we have system updates to install later this month, the soonest applications can issue is August 23rd
  • Orders for paper applications may be placed starting today by calling our Sales Support team at 1-800-693-6083
  • Paper applications and outlines of coverage can be downloaded from our agent portal Sales Professional Access on August 7th
  • The e-Application will be available on August 23rd
  • The household discount is 12%
  • Commissions are not changing. New schedules will be available on Sales Professional Access soon 
  • Alabama is included in our Q3 Med supp Broker Bonus program
  • As of September 30, 2019, we will no longer accept Mutual of Omaha Medicare supplement apps in Alabama    
  • An official announcement regarding this new product launch will be in Express on August 7th

Mississippi

Converting from Mutual of Omaha Insurance Company to United World Life Insurance Company

  • The paper application and outline of coverage are attached
  • Producers can start taking paper apps in Mississippi on August 5th, with an application sign date of August 5th or later; however, as we have system updates to install later this month, the soonest applications can issue is August 23rd
  • Orders for paper applications may be placed starting today by calling our Sales Support team at 1-800-693-6083
  • Paper applications and outlines of coverage can be downloaded from our agent portal Sales Professional Access on August 7th
  • The e-Application will be available on August 23rd
  • The household discount is 12%
  • Commissions are not changing. New schedules will be available on Sales Professional Access soon 
  • Mississippi is included in our Q3 Med supp Broker Bonus program
  • As of September 30, 2019, we will no longer accept Mutual of Omaha Medicare supplement apps in Mississippi    
  • An official announcement regarding this new product launch will be in Express on August 7th

Tennessee

Converting from Omaha Insurance Company to United World Life Insurance Company

  • The paper application and outline of coverage are attached
  • Producers can start taking paper apps in Tennessee on August 5th, with an application sign date of August 5th or later; however, as we have system updates to install later this month, the soonest applications can issue is August 23rd
  • Orders for paper applications may be placed starting today by calling our Sales Support team at 1-800-693-6083
  • Paper applications and outlines of coverage can be downloaded from our agent portal Sales Professional Access on August 7th
  • The e-Application will be available on August 23rd
  • The household discount is 12%
  • Commissions are not changing. New schedules will be available on Sales Professional Access soon 
  • Tennessee is included in our Q3 Med supp Broker Bonus program
  • As of September 30, 2019, we will no longer accept Mutual of Omaha Medicare supplement apps in Tennessee    
  • An official announcement regarding this new product launch will be in Express on August 7th

Not appointing with Mutual of Omaha? Request details here

Additional Updates:
 

Tags: Mutual of Omaha Medicare Supplement

Humana's Medicare Advantage Enrollment Soars

Posted by www.psmbrokerage.com Admin on Mon, Aug 05, 2019 @ 04:15 PM


 

Humana increased its full-year projections for Medicare Advantage growth to a “range of 480,000 to 500,00 members,” or 16% growth for 2019. That compares to a previous range of 415,000 to 440,000, the insurer reported.

Humana is the latest health insurer to tout solid profits thanks in part to seniors flocking to Medicare Advantage. Centene, WellCare Health Plans, UnitedHealth Group and Anthem have already reported record Medicare Advantage enrollment as well and Cigna will release its updated second-quarter figures on Thursday.

Medicare Advantage plans contract with the federal government to provide extra benefits and services to seniors, such as disease management and nurse help hotlines, with some even providing vision and dental care and wellness programs. And the federal government has changed rules to allow private health insurers to offer more supplemental benefits in Medicare Advantage plans they sell.

Source: https://www.forbes.com/sites/brucejapsen/2019/07/31/as-democrats-debate-humana-sees-record-medicare-advantage-growth/#229eed0e12eb

 
Additional Updates:
 

Tags: Humana, Medicare Advantage, Medicare

New Report Examines Medicare Advantage Supplemental Benefit Policies

Posted by www.psmbrokerage.com Admin on Mon, Aug 05, 2019 @ 03:32 PM

 

A new report from the AARP Public Policy Institute examines changes to Medicare Advantage (MA) supplemental benefit policies and the implications for people with Medicare.
 
MA plans have long been able to offer benefits beyond what is required by law. However, the Balanced Budget Act of 2018 and recent regulatory decisions, including those in the 2019 Part C and D final rule and the Final Call Letter for 2019, have greatly increased this authority.
 
Among the reforms with significant consequences for consumers are those that expand the array of benefits MA plans can offer and grant the insurers more latitude to design and target those packages.

Additional Updates:
 

Tags: Medicare Advantage, Medicare, Medicare Supplement, Medicare Part D

Medicare Plan Finder Being Updated

Posted by www.psmbrokerage.com Admin on Mon, Aug 05, 2019 @ 03:10 PM

 

Process is too complex for beneficiaries to use it effectively

The CMS is planning to launch updates to its Medicare Plan Finder this month after a report from a government watchdog flagged significant usability concerns with the tool. The GAO analyzed the experience of comparing plans on MPF and found 58% of beneficiaries described the process as “difficult” while just 13% of beneficiaries said it was easy. “These selections can be difficult due to the Medicare program’s complexity, and can have important implications for beneficiaries’ out-of-pocket costs and access to providers,” the GAO said. This can limit a beneficiary’s ability to compare their options in traditional Medicare fully with Medicare Advantage plans, according to the report. The tool also lacks information on provider networks offered in M/A plans, which can also confuse the selection process, since it requires a beneficiary to visit individual plan websites to find that information.

Additional Updates:
 

Tags: Medicare Advantage, Medicare, Medicare Supplement, Medicare Part D

Answers to Everything Medicare

Posted by www.psmbrokerage.com Admin on Mon, Aug 05, 2019 @ 02:14 PM

 

In its annual Data Book report, MedPac’s exhaustive 206-page report on All Things Medicare addresses pretty much anything and everything you ever wanted to know about Medicare. Such as: the Congressional Budget Office projects nearly half of all Medicare beneficiaries (47%) will be in a Medicare Advantage plan by 2029; Medicare paid M/A plans about $230 billion in 2018 to cover Part A and Part B services for M/A enrollees; the number of M/A plans from which beneficiaries may choose in 2019 is higher than at any time since 2012; in 2019, beneficiaries may choose from an average of 23 M/A plans operating in their county.

Medicare Advantage Enrollment: 2003-2019


In 2017, 88% of Beneficiaries Were Enrolled in Part D

 

In 2017, more than three-quarters of Medicare beneficiaries either signed up for Part D plans or had prescription drug coverage through employer-sponsored plans. Other enrollees in stand-alone PDPs accounted for 30% of all Medicare beneficiaries. Another 22% of beneficiaries were enrolled in MA–PDs and did not receive low-income subsidies.

Additional Updates:
 

Tags: Medicare Advantage, Medicare, Medicare Supplement, Medicare Part D

Medicare In The Future

Posted by www.psmbrokerage.com Admin on Mon, Aug 05, 2019 @ 01:58 PM


What will the population of America look like in 2050 – and how will that affect the cost of Medicare? That’s one of the questions Politico looked at
in a recent article by Tucker Doherty, which described the “Medicare time bomb” coming, with 7 charts.

One chart, showing expected age distribution by year according to U.S. Census estimates, shows 16% of the population, 52+ million people, eligible for Medicare. By 2050, estimates are that 23.6% of the population will be of Medicare-age, at more than 98 million people.

But the real distribution change is at the very top, of the oldest Americans. While 65-years-old or older Americans will grow by 67% from now until 2050, 85-years-old or older Americans will grow by an astronomical 189%.

And with more Americans living longer, than older group will make up for a large percentage of overall Medicare spending. As we’ve previously written about, 74% of Medicare spending goes to beneficiaries with four or more chronic conditions. According to politico, “by age 85, nearly 1-in-4 has more than five chronic conditions.”

Communication can help – a recent Healthmine survey found that 46% of Medicare members receive no communication from their plans about their chronic condition, while 19% report communication occurring just once per year. Plans communicating more with their members can help control costs and prevent further expensive conditions from getting worse.

“The combination of all of these factors has set the program on a path to dramatically expand as a share of the economy,” reports Politico’s Doherty. What plans and political leaders do in the near future will have major reverberating financial effects.

Source: https://www.healthmine.com/node/109

Image: Canva

Additional Updates:
 

Tags: Medicare

As Medicare population booms, MA plans eye growth opportunities

Posted by www.psmbrokerage.com Admin on Thu, Aug 01, 2019 @ 04:06 PM

As Medicare population booms, MA plans eye growth opportunities

 

Business is booming in Medicare Advantage, and many insurers say they have plans to grow M/A, says a new survey; 201 insurance executives who work with M/A plans found 92% were either growing or intended to grow their M/A business more quickly than traditional Medicare business lines. In 2019, 22 million people chose an M/A plan over traditional Medicare, which is about 34% of the total Medicare population. “It's a super competitive market, where you don’t have to hit that big of a critical mass number,” said Steve Krupa, CEO of HealthEdge. “If you have 10,000 to 20,000 members, you have a substantial revenue base.”

Source: https://www.fiercehealthcare.com/payer/survey-as-medicare-population-booms-ma-plans-eye-growth-opportunities

Image: Canva

Additional Updates:
 

Tags: Medicare Advantage

New Great Southern Life (GSL) Med Supp States Coming Soon - AL, DE, KY, LA, MI, ND, NM, TN, VA, and WY

Posted by www.psmbrokerage.com Admin on Wed, Jul 31, 2019 @ 04:03 PM

Americo is excited to announce that we will be releasing new Medicare Supplement premium rates through their subsidiary company, Great Southern Life (GSL) in 10 new states.

Beginning August 5, 2019, GSL Medicare Supplement will be available in AL, DE, KY, LA, MI, ND, NM, TN, VA, and WY.

If you are already contracted to sell Americo Financial Life (AFL) Med Sup, there's nothing you need to do. You are ready to sell GSL Med Supp, use your current Americo Agent number. Rates are now available on the CSG Quoting Tool. If you have Americo selected as a "my company", on the CSG quoting tool, you will also need to add Great Southern Life to your "my company" list. Note that AFL Med Supp rates will no longer be available in these 10 states effective June 3rd.

Application packets, marketing materials, and sales tools are available on Americo.com and AmericoMedSup.com. The GSL eApplication will be available on June 3, 2019.

 Fore more information about GSL Medicare Supplement, see this helpful Information Sheet. If you are not appointed with Americo / GSL, you can request contracting details here.

Additional Updates:
 

Tags: americo medicare supplement, GSL Med Supp, Great Southern Life Medicare Supplement

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