The Center for Medicare and Medicaid Services (CMS) has announced that Medicare Parts A and B will face modest increases for 2013 deductible and premium rates. The Part A premium for those voluntarily enrolled, uninsured individuals even decreased for next year. Also, while creating a contingency margin for the 2013 Part B premium, the CMS determined that Congress would not allow the impeding physician fee schedule increase or the scheduled sequestration of benefits payment cap to take effect.
Medicare Part B Changes:
Several of our agents have success selling the Forethought Life Medicare Supplement, which has the most competitive Plan G to Plan F ratio. Other products with a Plan G option include Woodmen of the World/Assured Life, Gerber Life, Heartland National, The Manhattan Life, Stonebridge Life, and the Mutual of Omaha Companies.
Please give us your feedback!
How do you feel about the impending changes? Do you think you will start selling more Plan G in order to keep costs down for your senior clients?
Source: Wolters Kluwer