Start selling AdvantageGuard today!
In this comprehensive agent training session, we will conduct an in-depth exploration of benefits offered by the AdvantageGuard Hospital Indemnity plan, along with a detailed analysis of the eligibility criteria.
Explore AdvantageGuard benefits
Clients can choose the benefits that best fit their needs and budget, all backed by a insurer with an "A+" AM Best rating2. AdvantageGuard offers convenient cash benefits paid to the insured, making it a smart choice for clients who want help with covering out-of-pocket expenses, like their Medicare Advantage plan copays. Request details today and start offering this new plan to your clients. Precision Senior Marketing is an independent broker agency offering plans underwritten by Golden Rule Insurance Company and other insurers.
1Payable per day (limits apply) when Insured Person receives a prescription delivered by injection in an outpatient provider setting. State variations apply. Not available in all states. 2Additional premium applies. 50516-G-1223
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Medicare Blog | Medicare News | Medicare Information
UHC AdvantageGuard launches in 16 new states
Posted by www.psmbrokerage.com Admin on Tue, Jan 30, 2024 @ 09:05 AM
Tags: Hospital Indemnity, Medicare Advantage, AEP
“The world needs dreamers and the world needs doers.
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Newest Blog Posts | All Blog Posts |
For Agent Use Only. Not for the general public. |
Tags: inspiration
With Mutual of Omaha, you've got the advantage
Posted by www.psmbrokerage.com Admin on Mon, Jan 29, 2024 @ 03:37 PM
Selling Opportunities We keep an eye on rates throughout the year and monitor shifts in the market. After a recent review, we found we have a competitive rate advantages on Plan G and Plan N Medicare supplements in many states. More Competitive Pricing Mutual of Omaha also provides competitive pricing on dental and prescription drug coverage, ensuring you're well positioned to cross sell these products to your clients. Important: Your clients can save 15% when enrolling for dental insurance and a Med supp plan at the same time (in most states). Service Opportunities Specifically designed for Med supp, dental and prescription drug plan producers, the Medicare Solutions e-App Storefront helps you work faster and more efficiently. For example, once you enter your client's information on one application, the details automatically transfer to other applications you submit for them. Switching between Med supp, dental and prescription drug applications is quick and seamless. Saving Opportunities Did you know Mutual Perks* gives your Medicare supplement clients access to a wide range of healthy savings from restaurant coupons to discounts on hearing and vision care? Promoting these value-add services is a good way to engage clients and set yourself apart from the competition. *Mutual Perks cannot be discussed pre-sale.
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Part A (Hospital Insurance)
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Tags: Medicare News
Get the inside scoop with Physician Mutual's Innovative Plan G
Posted by www.psmbrokerage.com Admin on Mon, Jan 29, 2024 @ 02:26 PM
Would you like to make more Medicare Supplement sales? We have several product features to make your job easier, such as our Innovative Plan G. To help our customers save money, we developed an exclusive Innovative Plan [G] — which saves them money on premiums for life and gives YOU the competitive edge. No one else offers this plan! This — plus our other features — gives our agents the advantage in today’s market. What are you waiting for? Join the Physicians Mutual family! Ask us for details on what sets Physicians Mutual apart from the competition — and why you won’t want to sell others' products. You won’t regret it! To request details, Please call us at 800-998-7715 or click on the link below.
For recruiting purposes only. Products/features vary by state.
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Tags: medicare supplement insurance, dental plans, Physicans Mutual
2024: Unprecedented Opportunity in Insurance as Record Boomers Hit Retirement
Posted by www.psmbrokerage.com Admin on Wed, Jan 24, 2024 @ 11:05 AM
In 2024, the insurance industry is poised to experience a significant surge in demand, thanks to a record number of Baby Boomers reaching retirement age. This demographic milestone opens up a vast opportunity for insurance sales, particularly in areas directly relevant to retirees. Products like Medicare Advantage, Medicare supplements, long-term care insurance, and life insurance policies that offer financial security and peace of mind to seniors are likely to see increased interest. As this age group transitions into retirement, their focus shifts towards managing health expenses, securing lifelong income, and ensuring a legacy for their loved ones, making them ideal candidates for these types of insurance products. Moreover, this shift isn't just about numbers; it's about changing needs and priorities. Financial planning services, annuities, and final expense insurance are also areas ripe for growth, as more Boomers seek to safeguard their retirement savings and plan for the future. Insurance agents and companies who can effectively communicate the value and relevance of their products to this demographic stand to benefit significantly. The opportunity is here! The role of an independent insurance agent catering to the senior demographic offers more than just a career; it presents a pathway to a fulfilling, flexible, and financially rewarding profession. In the face of the growing senior market, the ability to generate residual income, and the autonomy of being your own boss, this career path stands out as an excellent choice for those looking to make a positive impact while building a sustainable business. As the population ages, the need for knowledgeable, compassionate, and dedicated Medicare plan agents will only grow, making now an ideal time to step into this rewarding field. Work with a trusted partner We take pride in providing our agents with high quality senior insurance products that bring a sense of security and peace of mind to the nation's exploding senior population. Our experienced insurance marketing team provides our agents with a robust product portfolio, game-changing technology and unrivaled support. We look forward to showing you how we can personalize our services to help grow your business.
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Tags: Final Expense, Annuities, Hospital Indemnity, Medicare Advantage, Medicare Supplement
The Way You Win with Referral Programs in 2024
Posted by www.psmbrokerage.com Admin on Tue, Jan 23, 2024 @ 02:46 PM
Creating a referral program that wins more customers requires strategic planning, understanding your audience, and continuous optimization. By implementing these steps, you can develop a program that not only attracts new customers but also strengthens the bond with your existing ones. Click below for our Ultimate Referral Tips Checklist to get you laser focused on what works to grow your business. To truly win big with your referral program, it's essential to have a cohesive marketing strategy in place. Automate key referral behaviors to gain high-value referrals and actually convert them to paying customers.
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Tags: Referrals, ReferMe IQ
Medicare Advantage Maintains Upward Trend
Posted by www.psmbrokerage.com Admin on Tue, Jan 23, 2024 @ 02:46 PM
The Medicare Open Enrollment Period, also known as the “Medicare Advantage (MA) and Prescription Drug Plan (PDP) annual election period” or “AEP,” occurs annually from October 15th to December 7th. As of early 2024, there's a consistent increase in MA enrollments from January 2020, reaching nearly 33.5 million, while PDP enrollments have started to recover after a downward trend, now at 23 million.
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CMS Prior Authorization Rule and the Impact on Insurers
Posted by www.psmbrokerage.com Admin on Tue, Jan 23, 2024 @ 09:30 AM
The CMS prior authorization rule significantly impacts insurers by mandating more efficient and transparent prior authorization processes, particularly for Medicare and Medicaid plans. This rule compels insurers to adopt standardized electronic communication methods, enhancing administrative efficiency and patient care coordination. While it may initially increase compliance costs due to necessary IT upgrades and procedural changes, it aims to reduce inappropriate denials and appeals, thereby potentially lowering long-term operational costs. Insurers will need to adjust their prior authorization criteria and reporting practices, ensuring better patient outcomes and higher satisfaction, which could ultimately lead to cost savings and improved service quality. Here's how this rule generally affects insurers: Increased Administrative Efficiency: The rule aims to standardize and streamline the prior authorization process. Insurers are expected to adopt more efficient electronic communication methods, which can reduce administrative burden and costs over time. Enhanced Transparency: Insurers are required to be more transparent about their prior authorization requirements and policies. This can involve publicly disclosing the rationales for denials and providing specific information about the services that require prior authorization. Improved Patient Care Coordination: By requiring insurers to expedite the prior authorization process, the rule intends to minimize delays in patient care. This may lead to better coordination and continuity of care. Potential for Increased Compliance Costs: Implementing standardized electronic processes and adhering to new transparency requirements may initially increase operational costs for insurers. This includes costs related to upgrading IT systems, training staff, and modifying existing procedures. Impact on Clinical Decision-Making: Insurers may need to adjust their criteria for prior authorization to align with the new rules. This could affect how they manage approvals for certain treatments or medications. Data Reporting Requirements: Insurers might be required to report on their prior authorization activities, including denial rates and the average time taken to respond to requests. This adds an additional layer of data management and reporting. Potential Reduction in Denials and Appeals: The standardization and transparency required by the rule could lead to a decrease in inappropriate denials, thereby reducing the volume of appeals insurers need to process. Quality of Care and Patient Satisfaction: Improved and quicker prior authorization processes can lead to better patient outcomes and higher patient satisfaction, which is beneficial for insurers in terms of reputation and patient trust. Adaptation to Technology Standards: Insurers will need to ensure that their electronic communications meet the technical standards set by CMS, which may require significant IT infrastructure adjustments. Long-Term Cost Savings: While there might be initial costs associated with complying with the new rule, in the long run, the efficiencies gained could lead to cost savings for insurers. Insurers must stay informed and adapt to these changes to remain compliant with CMS regulations while continuing to provide effective services to their beneficiaries. You can view the details here.
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Tags: Medicare Advantage, Medicare Part D, CMS
Upgrade your portfolio with all-new dental insurance from Physicians Mutual
Posted by www.psmbrokerage.com Admin on Fri, Jan 19, 2024 @ 01:53 PM
Grow your portfolio Upgrade your portfolio with all-new dental insurance from Physicians Mutual Insurance Company. This is real dental insurance for individuals, not a discount or preventive-only plan. It’s great coverage for your retired customers, too!
More Rewards Earn More | Competitive compensation packages and monthly bonuses with no cap. World-Class Incentive Trips | Yearly trips for our top performing agents. Recent trips include Mexico and Ireland. Ask us for details on what sets Physicians Mutual apart from the competition — and why you won’t want to sell others' products. You won’t regret it! To request details, Please call us at 800-998-7715 or click on this link.
For recruiting purposes only. Products/features vary by state.
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Tags: medicare supplement insurance, dental plans, Physicans Mutual
Boost Your Sales in 2024: Discover Innovative Strategies for Selling Annuities
Posted by www.psmbrokerage.com Admin on Thu, Jan 18, 2024 @ 10:15 AM
As we step into 2024, the landscape of annuity sales is evolving rapidly. Insurance agents are finding themselves at the crossroads of traditional methods and innovative strategies. In this competitive market, it's crucial to stay ahead of the curve. Whether you're a seasoned professional or new to the industry, this blog is your go-to guide for unlocking the potential of annuity sales in the coming year. The Annuity Market of 2024: Before diving into sales strategies, it's essential to grasp the current annuity market. The economic climate, influenced by factors like interest rates and market volatility, plays a significant role. Annuities, known for providing retirement income security, are more appealing during uncertain times. Recognize this as an opportunity to position annuities as a safe harbor for clients' futures. Download our Annuity 101 Guide
Personalize Your Approach Each client's financial situation is unique. Personalization in your sales approach is key. Invest time in understanding your clients' specific needs, fears, and retirement goals. Tailoring your recommendations to match their individual circumstances can significantly increase trust and the likelihood of a sale. Focus on Education, Not Just Sales Today's clients are more informed and expect transparency. Instead of a hard sell, focus on educating them about how annuities can fit into their overall financial plan. Use simple language to explain complex products and be transparent about fees and potential risks. Build Strong Relationships Long-term relationships are more valuable than one-time sales. Keep in touch with clients through regular updates, newsletters, or personal check-ins. A satisfied client is a potential referral source. Prioritize customer satisfaction and service.
Leverage Client Testimonials and Success Stories Client testimonials and success stories are powerful tools. They provide social proof and help potential clients relate to the benefits of annuities. Always seek permission before sharing any client's story, ensuring confidentiality and compliance with regulations. Networking and Partnerships Build a network with professionals like estate planners, accountants, and attorneys. These partnerships can lead to referrals and provide a holistic service to your clients. Join industry associations and attend conferences to stay connected and informed. Selling annuities successfully in 2024 requires a blend of traditional sales acumen and innovative strategies. By embracing technology, personalizing your approach, focusing on education, building strong relationships, diversifying your product knowledge, leveraging testimonials, and establishing a strong network, you can significantly enhance your annuity sales. Remember, in the world of annuity sales, it's not just about the product; it's about providing solutions and security for your clients' future. Are you a Medicare Advisor looking to offer your clients Annuity options? We have drafted up an effective cross-marketing letter you can use to market annuities to your Medicare clients. If you would like it personalized, please reach out to us today.
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Tags: Annuities, cross marketing
An Inflation Reduction Act (IRA) provision is improving prescription drug affordability for many people with Medicare Part D
Posted by www.psmbrokerage.com Admin on Thu, Jan 04, 2024 @ 03:48 PM
The Inflation Reduction Act (IRA) includes provisions aimed at improving prescription drug affordability. These provisions focus on addressing rising drug costs, a significant concern for many Americans. While the specific details of the IRA's prescription drug provisions may vary, the overarching goal is to make essential medications more affordable and accessible to the public. This can involve measures such as price controls, negotiations with pharmaceutical companies, and incentives for generic drug development. By tackling the issue of prescription drug affordability, the IRA seeks to alleviate the financial burden on individuals and ensure that necessary medications are within reach for all Americans. The Inflation Reduction Act (IRA) introduces several key provisions aimed at addressing the affordability of prescription drugs, and these have notable implications for senior citizens: Lower Prescription Drug Costs: The IRA includes measures to reduce the overall cost of prescription medications, which is particularly important for seniors on fixed incomes. By implementing strategies to control drug prices and enhance competition, the act aims to make essential medications more affordable. Medicare Drug Price Negotiations: One significant provision allows Medicare to negotiate drug prices directly with pharmaceutical companies. This can lead to lower drug prices for seniors enrolled in Medicare Part D, potentially resulting in substantial savings. Out-of-Pocket Cost Caps: The IRA may establish limits on out-of-pocket expenses for prescription drugs for Medicare beneficiaries. This means that seniors will have a maximum amount they need to spend on medications before insurance coverage kicks in, providing financial relief. Incentives for Generic Drugs: The act encourages the development and availability of generic drugs, which are typically more cost-effective than brand-name equivalents. Seniors can benefit from increased access to affordable generic medications. Coverage Gap (Donut Hole) Closure: The IRA may continue efforts to close the Medicare Part D coverage gap, often referred to as the "donut hole." Closing this gap helps seniors access prescription drugs more affordably, as they pay reduced out-of-pocket costs for medications. Improved Access to Preventive Drugs: The act may promote seniors' access to preventive drugs, such as those used to manage chronic conditions. This can lead to better health outcomes and reduced overall healthcare costs for seniors. Enhanced Transparency: The IRA emphasizes transparency in drug pricing and ensures that seniors have access to information about the cost of their medications. This transparency enables seniors to make informed choices about their prescriptions. In summary, the Inflation Reduction Act (IRA) aims to alleviate the financial burden of prescription drugs on senior citizens by lowering costs, negotiating prices, capping out-of-pocket expenses, promoting generics, and enhancing access to essential medications. These provisions collectively work to improve the affordability and accessibility of prescription drugs for seniors, contributing to better healthcare outcomes and financial security in retirement. Helpful resources:
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Tags: Medicare Part D
Here are some actions you can take to guarantee beneficiaries receive ongoing support: Welcome and Confirmation Educational Materials Post-Enrollment Guidance Regular Check-Ins Assistance with Claims Annual Plan Reviews Reminders for Key Events Addressing Changes in Coverage Educational Events Referral Programs By following these compliance guidelines, and taking this proactive approach, you contribute to a positive experience for both beneficiaries and the industry as a whole. Thank you for taking a few minutes out of your day to view this message we're always here to help so feel free to reach out with any questions or comments you may have.
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Tags: Sales Strategies, AEP
Corebridge Fast Start Agent Bonus Program
Posted by www.psmbrokerage.com Admin on Wed, Jan 03, 2024 @ 12:18 PM
It’s easier than ever to qualify! Just sell five SimpliNow Legacy Max (level death benefit) or SimpliNow Legacy (graded death benefit) simplified issue whole life (SIWL) policies and qualify to receive $500. Keep selling and your bonus grows – after 20 paid applications, you’ll have qualified for a total of $8,000! What a great start to 2024!
This bonus program was designed for agents who sell SimpliNow Legacy Max and SimpliNow Legacy – whether you’re a brand-new agent or a top producer! Just make sure you’re registered on Connext, completed your required AML (Anti-Money Laundering) training, and are able to access the SIWL eApp under “Start Your Application” section in Connext. Not appointed to sell with Corebridge? Request details today and one of our Marketing Representatives will be in touch with all you need to get started.
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Tags: Life Insurance, Corebridge
URGENT: Take Action to Prevent a CMS Rule Change
Posted by www.psmbrokerage.com Admin on Tue, Jan 02, 2024 @ 02:05 PM
CMS has proposed new regulations that will impact agent and broker compensation – as well as potentially disrupt the FMO support model. Time is running out for your voice to be heard and influence the final rule! Precision Senior Marketing is actively engaging with CMS, and subsequently lawmakers in DC, to influence the final language of the proposed rule. The first and primary method to influence the final rule is through the comment letter process. Comment letters on this proposed rule are due to CMS no later than January 5th at 5PM ET. As a critical stakeholder, we encourage you to write your own letter to CMS explaining the significant value that Agents and FMOs provide to American seniors in MA distribution and post-enrollment support. Your efforts here can play a vital role in shaping the final rule that CMS will enact. To help you draft an effective 1-page comment letter, we have provided detailed guidance on yourFMO.com.
NOTE: CMS discounts form / templatized letters – so to ensure the greatest impact of your submission, we have provided bullets for you to consider to include or summarize, in your words, for your own unique letter. This should allow you to craft an impactful letter in as little as 10 minutes.
Will you join us in the effort to protect agents, brokers, and FMOs – and educate Washington on the vital role we play in ensuring consumers are placed in the right plan for their healthcare needs? For Agent Use Only. Not for the general public.
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Tags: Medicare Advantage, Medicare Supplement, CMS