Due to the combined efforts of MA plan sponsors working with AHIP, CMS has revisited the telephonic guidance that was issued on August 14, 2014 which prohibited agents from calling existing enrollees to discuss other plan options (Section 70.6). CMS announced last night that they have decided to rescind this guidance. AHIP was able to convince CMS of the many benefits that our agents are able to bring to Medicare beneficiaries by discussing the new, potentially cost saving plan options available to them. CMS has made the decision to revert to their previous guidance which states Plans/Part D Sponsors may do the following:"Call members to promote other Medicare plan types, (e.g., sponsors may contact their PDP members to promote their MA-PD offerings; sponsors that are also Medigap issuers may marketing their MA, PDP, or cost plan products to their Medigap customers), and discuss plan benefits." This change is effective immediately and the Medicare Marketing Guidelines will be updated to reflect this change when the next version of the guidelines is published. This means beginning October 1 you may call your current members and talk about other plan options for 2015! You can also set appointments now to meet with your members after Oct 1, without discussing any 2015 rates or benefits. Click here to view the official announcement document Click here to see the Medicare Advantage companies available thru PSM Source: Humana |
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Medicare Blog | Medicare News | Medicare Information
New Med Advantage Guidelines Implemented OCT 1st
Posted by Jeremy Davis on Fri, Sep 26, 2014 @ 09:57 AM
Tags: New Medicare Advantage Guidelines 2015, New Medicare Advantage Guidelines 2014, New Med Advantage Rules
There's a lot of confusion among many Baby Boomers (and the occasional insurance industry professional ...) about Medicare and how/if/when it integrates with the ACA's Health Insurance Marketplace (Exchanges). The Centers for Medicare & Medicaid Services just issued new guidance that is as beneficial for agents and marketers as it is for consumers: http://www.cms.gov/Medicare/Eligibility-and-Enrollment/Medicare-and-the-Marketplace/Downloads/Medicare-Marketplace_Master_FAQ_8-1-14.pdf
Source: http://www.cms.gov |
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Tags: medicare vs aca exchanges, medicare services, medicaid services, medicare integrate with aca health insurance
In a positive piece of news for the life insurance industry, it has been reported that final expense insurance sales reached nearly $400 million in 2013. The Life Insurance Council and CSG Actuarial conducted a survey of 25 insurers, finding that final expense insurance new premium totaled nearly $400 million in 2013, representing 613,000 policies. http://www.lifehealthpro.com/2014/09/08/final-expense-insurance-sales-400-million-in-2013
Source: http://www.lifehealthpro.com |
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Tags: Final Expense, Medicare Supplement, Life Insurance Council survey
Medicare has many enrollment periods for the various parts of Medicare. These enrollment periods provide beneficiaries with the chance to get Medicare coverage, but the different periods and their acronyms can be confusing for agents, marketers and beneficiaries alike. Click on Graphic Below to Enlarge ![]() http://www.onefpa.org/journal/Pages/AUG14-Understanding-Medicare-Enrollment-Periods.aspx
Source: http://www.onefpa.org |
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Tags: Medicare Supplement, medicare enrollment, medicare deadline