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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

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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

Additional Updates:

Tags: New Medicare Advantage Guidelines 2015, New Medicare Advantage Guidelines 2014, New Med Advantage Rules

Medicare vs. ACA Exchanges (A Q&A Document)

Posted by Jeremy Davis on Fri, Sep 19, 2014 @ 09:16 AM

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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:



Source: http://www.cms.gov

Additional Updates:

Tags: medicare vs aca exchanges, medicare services, medicaid services, medicare integrate with aca health insurance

Final Expense Sales: $400 in 2013

Posted by Jeremy Davis on Fri, Sep 12, 2014 @ 08:54 AM

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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.

“The final expense market has great potential. According to LIMRA Secure Retirement Institute research, 1.5 million Americans are projected to retire each year until 2025 and many of them will need the protection final expense insurance will provide,” noted Jeffrey S. Shaw, LIC executive director. “We are seeing renewed interest from larger insurers, as well as new firms entering the market.”



Source: http://www.lifehealthpro.com

Additional Updates:

Tags: Final Expense, Medicare Supplement, Life Insurance Council survey

Sorting Out Medicare Enrollment Dates

Posted by Jeremy Davis on Fri, Sep 05, 2014 @ 11:10 AM

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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.

A beneficiary who doesn’t act carefully may miss a window of opportunity to have various parts of Medicare coverage and face a waiting period to get coverage, incurring high out-of-pocket costs in the interim as well as paying lifelong penalties. By understanding Medicare enrollment periods, agents and marketers can help their clients avoid these problems.

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Source: http://www.onefpa.org

Additional Updates:

Tags: Medicare Supplement, medicare enrollment, medicare deadline

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