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Medicare Blog | Medicare News | Medicare Information

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

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