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www.psmbrokerage.com Admin

Recent Posts

New AgentXcelerator Quoting Tools Released

Posted by www.psmbrokerage.com Admin on Thu, Jun 27, 2019 @ 04:41 PM

New AgentXcelerator Quoting Tools Released

Join us for an exclusive and in-depth webinar. The webinar will showcase the advanced CSG Quoting Tools on AgentXcelerator®. Don’t miss this opportunity to hear how these advanced tools can add to your success!


👉 In case you missed the webinar, here is a link to the recording!


The new, advanced CSG Quoting Tool capabilities on AgentXcelerator® are LIVE and ready for use! You are now able to quote the following plans through the AgentXcelerator® quoting tool completely free of charge:

  • Medicare Supplement Insurance
  • Medicare Advantage
  • Part D Prescription Drug
  • Final Expense
  • Hospital Indemnity
  • Dental

Be sure to log in and take a look around! Training materials are located on the quoting tool page for easy access.

Not registered for our AX Platform? Request access here

Additional Updates:
 

Tags: Insurance Technology, Quoting Tools, AgentXcelerator

Mutual of Omaha: Med Supp Broker Bonus Program

Posted by www.psmbrokerage.com Admin on Thu, Jun 27, 2019 @ 04:25 PM

Mutual of Omaha: Med Supp Broker Bonus Program

From July 1st through September 30th, you'll earn cash just for selling Mutual of Omaha's Medicare supplement products. All it takes is a minimum of five issued apps in a month to be eligible for the bonus that will pay for Plans F, G and N issued in the states listed in the official rules.

Here's what you can earn in most states:

  • $150 for each issued Underwritten policy
  • $30 for each issued Open Enrollment policy

Want to know more? Download the official rules for details on how the program works, including participating states, eligible plans and payment of bonuses. Payouts may vary by state.

Don't pass up the opportunity to put some extra cash in your pocket!

Not appointed with Mutual? Request details here.

Additional Updates:
 

Tags: Medicare Supplement, mutual of omaha

Mutual of Omaha: 2019 High Deductible G Fliers

Posted by www.psmbrokerage.com Admin on Wed, Jun 26, 2019 @ 01:53 PM

Mutual of Omaha: 2019 High Deductible G Fliers

Effective July 1, 2019, Mutual of Omaha is pleased to announce the availability of a High Deductible Plan G for effective dates of January 1, 2020 or later in GA, IA, IL, KS, KY, MI, SC, SD, and RI.

We now have High Deductible Plan G fliers* available to order.  These fliers are intended to supplement the current consumer brochure in your state.

* Illinois and Kentucky fliers have been filed and upon approval will be released.

Marketing Materials
The above fliers are available to order TODAY through normal channels and can be viewed and downloaded on Sales Professional Access (SPA – www.mutualofomaha.com/broker) Forms and Materials.

Not appointed with Mutual? Request details here.


Underwriting Company

States

Flier

Mutual of Omaha

RI

454616 (National)

Mutual of Omaha

GA

454616_GA

Mutual of Omaha

KS

454616_KS

United World

IA, MI, SC

454617 (National)

Omaha Insurance Company

SD

454619 (National)

 

Additional Updates:
 

Tags: mutual of omaha

Dual Eligibility an Opportunity for Medicare Advantage Growth

Posted by www.psmbrokerage.com Admin on Wed, Jun 19, 2019 @ 03:59 PM

As Medicare Advantage continues to grow, payers, experts, and states are looking for ways to boost dual eligibility enrollment.

Enrollment of dual eligible individuals in Medicare Advantage has been “lagging” even with MA numbers projected to hit 70 percent between 2030 and 2040, according to a recent analysis by LEK Consulting.

“Medicare Advantage penetration of dual eligibles, which represents roughly 20 percent of Medicare eligibles, has lagged behind Medicare Advantage penetration of seniors due to a lack of coordinated state offerings and managed care,” the authors of the report state.

Medicare Advantage is an overlooked resource for many dual eligible individuals, who qualify to enroll in Medicare and Medicaid because of their income. LEK Consulting’s estimate of a 70 percent increase in Medicare Advantage enrollment between 2030 and 2040 is backed by the rate at which MA is penetrating urban and rural counties, several of which have reached 55 to 65 percent enrollment. In 14 of the top 20 counties, the rates keep rising.

The dual eligibility population could prove critical to Medicare Advantage’s growth.

Medicare Advantage presents dual eligible individuals with an option that is affordable and has the ability to “detect, treat, and prevent the progression of chronic disease,” according to a report by America's Health Insurance Plans.

Similar to AHIP’s report, the LEK analysis found that Medicare Advantage enrollees are drawn to MA largely because of affordability and the level of care they receive through the plans.

For many over 65 years, the 20 percent coinsurance is too high, especially as Medicare costs are projected to rise by 7.4 percentage points annually through 2027, the CMS stated.

Additionally, Medicare Advantage provides a superior level of care management over original Medicare as the probability of developing age-related conditions increases. The conditions include obesity, diabetes, and other chronic conditions.

Between 2009 and 2010, 45 percent of adults 65 years and older have two or more chronic conditions the Center for Disease Control (CDC) revealed in a study of nine chronic conditions. The LEK analysis adds that the number of adults with more than one chronic condition rose by 8 percentage points during that study.

Dual eligibility beneficiaries are affected by those statistics. In March, the CMS released a report on the dual eligible population, which concluded:

  • 60 percent suffer from more than one chronic condition
  • 49 percent have long-term care services and supports (LTSS)
  • 41 percent have received at least one mental health diagnosis
  • 17 percent report “poor” health status

Though dual eligible may be lagging, “states are moving aggressively to manage the cost of this high-needs population,” LEK Consulting states in their analysis.

In particular, the report cites the escalation of Dual Eligible Special Needs Plans (D-SNPs). D-SNPs have increased by 10 percent per year.

However, misalignment between D-SNPs and Medicare and Medicaid timelines and processes can put unnecessary strain on beneficiaries.

The Department of Health and Human Services (HHS) recently posted a paper from 2017 by the Center for Health Care Strategies which offered potential solutions in six areas related to D-SNPs: network standards and reviews, care management, marketing, beneficiary and provider notices, data collection and quality measurement, and grievances and appeals.

They conclude with 23 policy options, such as HHS-state collaborations for non-emergency medical transportation, integration of MA and state care management requirements for D-SNPs, coordination between states and D-SNPs on outreach, integration of beneficiary and provider D-SNP materials, DSNPs receiving beneficiaries' Medicaid or Medicare service utilization history, and MA denials that disclose whether a beneficiary denied by an MA plan might still acquire coverage under Medicaid.

Payers are responding to the growing demand for Medicare Advantage. Established payers such as Anthem are acquiring companies with MA plans while their emerging counterparts—Bright Health, Devoted Health, and Clover Health—are expanding their MA plans or are starting to offer them.

Source: https://healthpayerintelligence.com/news/dual-eligibility-an-opportunity-for-medicare-advantage-growth

Image: Canva

Additional Updates:
 

Tags: Medicare Advantage, Dual Eligibles

New Tools to Help You Sell Ameritas Dental

Posted by www.psmbrokerage.com Admin on Wed, Jun 19, 2019 @ 03:36 PM


You asked, Ameritas delivered!

In May, Ameritas conducted a webinar and heard from several attendees that they would like to know how they can share information about Ameritas on social media. Social media is a great way to communicate with your customers and we want to support your need for content that shares our plans and service with others.

One way you can do this is by following Ameritas on Facebook, Twitter, LinkedIn, Instagram and YouTube and simply sharing the dental and vision posts from us that you like.

We’ve crafted a couple social media posts to share with you here, each with its own infographic, plus three stand-alone infographics. To share, simply copy and paste the posts onto your platform of choice, and download the infographics to share them as an image.

Social media posts

  • (Pair with this image for Facebook or Twitter

    Did you know many Americans who are 100% covered by their dental plans skip dental checkups?* By choosing Ameritas dental insurance, you get coverage from day one and with more than 483,000 access points nationwide there is no reason to skip a visit to the dentist!

Who is getting ready to sign up for Medicare? Did you know that dental is not covered under Medicare? Check out What’s Not Covered on page 49 of Medicare & You book to learn more. Ameritas has you covered when it comes to Dental. 

Stand-alone infographics

Additionally, we’ve provided some tips and tricks for writing your own social media content below.

Sharing information via social media really comes down to making a positive first impression and positioning yourself as a resource to your followers. Here are our top 4 tips for crafting great social media content: 

  1. Don’t make it about you
    • Understand your audience and what they want. Start with that, not with your own agenda or qualifications.
  2. Understand the audience on each platform
    • For example, LinkedIn has a very different atmosphere than Twitter. Different strategies (brevity, imagery, humor) may play well in different environments, so get a feel of the platform before you post.
  3. Be engaging
    • Including open-ended questions in a post is proven to boost engagement. And if someone comments, respond!
  4. Follow organizations that you care about

Get contracted with Ameritas to sell dental plans. Request details here

Image: Canva

Additional Updates:
 

Tags: ameritas

Mutual of Omaha: 2019 High Deductible G Availability

Posted by www.psmbrokerage.com Admin on Wed, Jun 19, 2019 @ 02:33 PM


It is never too early to start planning for your Medicare clients that will be ageing into Medicare beginning January 1, 2020. And with Mutual's policy that allow individuals aging-in to purchase a Medicare supplement six months prior to their effective date of coverage, you can begin selling to these individuals as early as July 1, 2019.

Medicare changes coming effect January 1, 2020 from the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA) offers you the opportunity to provide your clients with a new Medicare supplement plan option.  That new option is a High Deductible Plan G and this plan will be available to any individual purchasing a Medicare supplement with an effective date of January 1, 2020 or later.

Effective July 1, 2019, Mutual of Omaha is pleased to announce the availability of a High Deductible Plan G for effective dates of January 1, 2020 or later in the following states:

Georgia

Michigan

Illinois

Rhode Island

Iowa

South Carolina

Kansas

South Dakota

Kentucky

 

Be assured we have filed the High Deductible Plan G in the other states and upon approval we will make it available to you for sale.

High Deductible Plan G*

  • Pays the same benefits as a Plan G once the annual plan deductible is met – 2019 annual deductible is $2,300
  • Does not cover the Part B deductible amount – 2019 Part B deductible is $185
  • Part B deductible counts toward the annual deductible amount

*Deductibles are subject to change January 1st each year.

Application Options:

e-App
As of July 1, the High Deductible Plan G will be available on the Medicare supplement e-App and to quote on the Mutual quoting app.

Paper
The application books with the outline of coverage that includes High Deductible Plan G rates are available to order TODAY through normal channels and can be viewed and downloaded on Sales Professional Access (SPA – www.mutualofomaha.com/broker) Forms and Materials.

For additional information of the 2020 MACRA changes and help in discussing these changes with your clients – click here for An Agent’s Guide to MACRA.

Get contracted with Mutual of Omaha with PSM. Request details here

Image: Canva

 

Additional Updates:
 

Tags: mutual of omaha

LIMRA Data Shows the Importance of Social Media for Insurance Agents

Posted by www.psmbrokerage.com Admin on Wed, Jun 19, 2019 @ 01:52 PM

LIMRA Data Shows the Importance of Social Media for Insurance Agents


LIMRA research shows 27% of Americans prefer to work with an agent or advisor when buying life insurance. New findings from the 2019 Insurance Barometer Study, which LIMRA does each year with consumer education nonprofit Life Happens, show about 1 in 5 Americans (17%) say they are looking for a financial advisor. Millennials and Generation X consumers are most likely to be among those who are looking for an advisor and LIMRA research shows they are more likely to be using social media to research financial professionals. Fifty-one percent of Millennials and 32% of Gen X consumers use social media to find information on potential advisors.

According to the study, roughly, 85 million Americans use social media to learn more about financial advisors. Six in 10 of these consumers say they use social media sites to find information on financial services products and services or were looking for reviews on financial professionals. When asked to rate the sites, consumers rated Facebook as the most important social media platform, with LinkedIn and Yelp closely behind.

Consumers also feel it is important for advisors not just to have a presence but to be active on social media. Consumers said they found information about how to save money, and comments from other people most valuable (chart):

barometer-graphic

Source: https://www.limra.com/en/newsroom/industry-trends/2019/limra-data-shows-the-importance-of-social-media-for-financial-professionals/

Check out our Social Media Guife for Insurance Agents here.

Image: Canva

Additional Updates:
 

Tags: Social Media Marketing

Medicare Advantage Could Hit 70% Market Share

Posted by www.psmbrokerage.com Admin on Wed, Jun 19, 2019 @ 01:40 PM

Medicare Advantage Could Hit 70% Market Share

 

Enrollment of seniors in private Medicare Advantage plans could reach 70% of those eligible for federal health benefits for the elderly between 2030 and 2040, a new report shows.

For now, the regulatory and political environment remains positive for expansion of Medicare Advantage, which allows private health plans to contract with the federal government to provide medical benefits to seniors. Medicare Advantage plans provide extra benefits and services to seniors, such as disease management and nurse help hotlines, as well as some plans providing vision and dental care. 

“Today the status and long-term structure of healthcare reform remain in flux, but MA enrollment is still growing — and with largely bipartisan support,” the report released this week by L.E.K. Consulting on Medicare Advantage penetration shows.



Enrollment in MA plans surpassed 22 million last year, which is 35% of total Medicare beneficiaries. “Looking ahead, we expect enrollment growth to continue in line with our previous forecasts of 7.7% compound annual growth rate (CAGR) to reach 47% penetration, or just over 37 million members in 2025,” L.E.K. executives Andrew Kadar, Andrew Garibaldi and Daniel Parker wrote in their 7-page report.

Health insurers Humana, UnitedHealth Group, Anthem, Cigna and CVS Health’s Aetna health insurance business dominate the Medicare Advantage business while Centene is poised to expand with its proposed acquisition of WellCare Health Plans. Meanwhile, several startups like Bright Health and Oscar Health are looking to expand into Medicare Advantage.

Health insurers see growth thanks in part to changes by the Trump administration in regulations that allow Medicare Advantage plans to cover more supplemental benefits. MA plans are also benefitting from more than 10,000 baby boomers turning 65 every day and becoming eligible for Medicare.

“As seniors increasingly eschew Original Medicare in favor of lower payments, enhanced care management and more cost certainty, with encouragement from both health plans and, albeit indirectly, the government, we expect that growth to continue — to 47% penetration by 2025 and, eventually, up to as high as 70%,” L.E.K said in its report. “Payers will therefore need to take aggressive action to grow market share of their Medicare Advantage offering. That could include expanding into new counties, investing in targeted sales to age-ins, and designing new products to attract new members and keep them healthy.”

Source: https://www.forbes.com/sites/brucejapsen/2019/06/18/private-medicare-advantage-could-hit-70-market-share/

Image: Canva

Additional Updates:

Tags: Medicare Advantage

Who is Great Southern Life?

Posted by www.psmbrokerage.com Admin on Wed, Jun 19, 2019 @ 09:18 AM


We wanted to take a quick minute to reintroduce Great Southern Life in the Medicare Supplement Market. Over the past few months, Great Southern Life has been rolling out in multiple states.

As a reminder, Great Southern Life is an Americo Company that offers the same outstanding benefits that you are familiar with on Americo Financial Life Medicare Supplement. 

Some of the benefits of writing Great Southern Life:

  • “A” rated company with AM Best
  • Instant decision/approval e application on all UW business.
  • No drugs are required to be put into the system.
  • Great Rates for F, G, and N
  • 10% household discount - state variations apply
  • Incredible 10% UFirst bonus, which could be upwards of $160.00 per application

UFirst Details

Additional Updates:
 

Tags: Great Southern Life Medicare Supplement

Why Medico Hospital Indemnity insurance stands out

Posted by www.psmbrokerage.com Admin on Tue, Jun 18, 2019 @ 12:11 PM

Why Medico Hospital Indemnity insurance stands out


Medico's Hospital Indemnity insurance plan has no deductible, no required pre-certification, and no network of hospitals that clients have to use. When enrolled, your clients choose the number of days and the cash benefit per day, which ranges from $100 to $600 in $25 increments, depending on what they select and what's available in their state.

Some of our main benefits may include:

  • Inpatient mental health services
  • Observation unit monitoring
  • Emergency room services

Optional benefits* are available at an additional cost and may include: 

  • Ambulance services 
  • A lump sum for a cancer diagnosis
  • Skilled nursing facility care**  

Learn more about Medico's Hospital Indemnity Insurance:

Image: www.Canva.com

Additional Updates:
 

Tags: medico insurance, Hospital Indemnity

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