Medico Highlights If you’ve been in the Medicare Supplement market for a while, you’ve undoubtedly heard of Medico and probably even sold their products. If you haven’t, then stay tuned for some of the reasons you’ll want to check them out! Medico is rated A by AM Best and has been offering insurance products since their founding in 1930. They’ve recently revamped their products to provide even better coverage for your clients, and also more profitable for you as the agent. To start, they have repriced their Medicare Supplement products across 24 states that put them near the top rates in most markets. This new pricing includes a household discount of 10 or even 12% that only requires one adult over 50 live with the applicant. To top it off, they’ve raised the base commission rate for producers to be on par with the market leaders. Another important product that pairs with Medicare Supplements is Dental. Seniors know that oral hygiene is important to their health, and it is important that you can help them find coverage that meets their needs at an affordable price.
The new dental and DVH product are available across most of the US.
If you’re marketing more Medicare Advantage, Medico still has a product for you. Their hospital indemnity provides clients peace-of-mind by limiting their cost of a hospital admission. For many, that cost is the biggest concern of enrolling into a Medicare Advantage plan. The application process is quick and easy and offers a variety of benefits including daily hospital admission, outpatient observation, ER, mental health, and much more. Medico even offers a 7% household discount on the Hospital Indemnity product and is available in 33 states. To top it off, Medico’s MyEnroller software provides agents with easy quoting for all products and a simple application process. You can use it on your desktop, laptop, or tablet with seamless integration across any device with your login. Medico even offers Cancer Indemnity and Short-term care from a huge brand name, but I don’t have the time to cover it all. Give us a call at 1-800-998-7715 and ask to speak with one of our Marketing Directors about Medico’s expansive product portfolio. ![]() |
Medicare Blog | Medicare News | Medicare Information
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Tags: Hospital Indemnity, Medicare Supplement, dental plans, Medico
Video | Instant Issue Hospital Indemnity Plans on GTL's Agent Portal
Posted by www.psmbrokerage.com Admin on Wed, Apr 20, 2022 @ 02:33 PM
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Tags: Hospital Indemnity, GTL
While Medicare is important to have, it may still leave gaps in coverage that a policyholder is responsible for. For instance, most Medicare Advantage Plans don't cover the first 4 to 7 days of a hospitalization. Per the American Hospital Association (AHA) Hospital Statistics, the average hospital stay costs over $10,000, but can vary widely. A Hospital Indemnity plan can help bridge the gaps left open from a Medicare Advantage Plan, by providing a direct cash benefit to the policyholder.
View our Hospital Indemnity portfolio here. ![]() |
Tags: Hospital Indemnity
Guarantee Trust Life Bonus Incentive
Posted by www.psmbrokerage.com Admin on Wed, Dec 02, 2020 @ 02:59 PM
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Cash in with Medico's Agent Incentive Program!
Posted by www.psmbrokerage.com Admin on Fri, Nov 13, 2020 @ 10:28 AM
Cash in with Medico's Agent Incentive Program! For qualified Hospital Indemnity applications submitted between Oct. 1, 2020, and Dec. 31, 2020.
Example: 33 apps X $35 per app = $1,155 Hospital Indemnity
Not appointed with Medico? Request details. ![]() |
Tags: Hospital Indemnity, Medico
Fill the gaps with Hospital Indemnity Plans
Posted by www.psmbrokerage.com Admin on Tue, Oct 29, 2019 @ 11:04 AM
Puzzled about Hospital Indemnity Plans? Let us show you how the pieces fit together!
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Why Medico Hospital Indemnity insurance stands out
Posted by www.psmbrokerage.com Admin on Tue, Jun 18, 2019 @ 12:11 PM
Some of our main benefits may include:
Optional benefits* are available at an additional cost and may include:
Learn more about Medico's Hospital Indemnity Insurance:
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Get paid during AEP with Heartland National's New Hospital Indemnity Plan
Posted by www.psmbrokerage.com Admin on Tue, Oct 16, 2018 @ 05:19 PM
Help fill the gaps where Medicare Advantage leaves off! Don't leave money on the table this AEP!... and save your clients thousands with Heartland's new Hospital Indemnity Plan! Informing your clients of the benefits of having a hospital indemnity plan could save them thousands of dollars in out-of-pocket medical expenses that their Medicare Advantage plans does not cover. GREAT BENEFITS FOR YOUR CLIENTS:
Customize the plan with additional riders**:
Available in 30 states! Additional states coming soon Not appointed with Heartland National. Request details here |
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Product Spotlight: Heartland National Hospital Indemnity
Posted by www.psmbrokerage.com Admin on Thu, Sep 27, 2018 @ 10:33 AM
Heartland National Hospital Indemnity Plans
Ask any successful Medicare Advantage producer what he is most likely to cross sell with every MA plan sold and you’ll hear… Hospital Indemnity. While medical insurance is good to have, it still leaves gaps in coverage that a policyholder is responsible for. A Hospital Indemnity plan will help bridge the gaps left open from a Medicare Advantage Plan, by providing a direct cash benefit to the policyholder. Most Medicare Advantage Plans don't cover the first 4 to 7 days of a hospitalization. Per the American Hospital Association (AHA) Hospital Statistics, the average hospital stay cots $8,793, with the average length for adults age 65+ being 5.5 days, according to the National Center for Health Statistics. For many people that kind of out of pocket cost is not easy to come by. A Hospital Indemnity plan can ease that burden and make for a very affordable alternative to help your clients cover these unexpected costs. While there are quite a few Hospital Indemnity products available, the Secure Advantage Flex product from Heartland National has some unique features not readily available through other product options. Unlike many Hospital Indemnity products, the Secure Advantage Flex product from Heartland National offers Guaranteed Issue for ages 64 1/2 to 65 1/2, meaning you get 100% placement on your business for these applicants. Additionally it offers a 7% Household Discount for qualified applicants to help keep premiums more affordable. Another key feature offered in this product is an Observation Unit Benefit paying a cash benefit for each day spent within an Observation Unit. Moving inpatients to an Observation Unit is becoming a more common practice within hospitals today, and many Hospital Indemnity products do not offer this benefit leaving your client open to unexpected costs. While the Observation Unit Benefit, along with Daily Inpatient Hospital Benefit and Emergency Room Benefit is a standard inclusion for this product, it lives up to its name of Secure Advantage Flex by giving you additional optional benefits to truly tailor the product to your clients’ needs. These optional benefits and riders include:
Finally in an effort to make doing business with Heartland National easy, they offer a simple to use electronic application or straight telesales application which can both be used to help complete sales remotely and quickly. However, you old-timers shouldn’t fear, they still have a paper app for use, if you prefer. Combine all of this with competitive rates and a handsome commission including lifetime renewals, and it truly makes an outstanding addition to your senior market portfolio. Not appointed with Heartland National? I encourage you to learn more and put this in-demand product in your portfolio, request details here |
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Tags: Hospital Indemnity, product spotlight, Heartland National
Medico: How the Hospital Indemnity observation unit benefit works
Posted by www.psmbrokerage.com Admin on Wed, Sep 12, 2018 @ 11:33 AM
Medico Hospital Indemnity Plans
It's not uncommon for hospitals to admit patients to an observation unit when physicians can't determine whether admission is necessary. In the majority of cases, a patient will stay in observation for between 24 and 48 hours. The following is an example of how this might work. Susan*, a Minnesota resident, went to the emergency room with abdominal pain. The doctor who examined her decided not to admit her as an inpatient and kept her in the observation unit instead, where she was monitored by the hospital's nursing staff. After 48 hours, she was discharged to go home. If Susan has a Hospital Indemnity plan, the observation unit benefit will pay benefits even though Susan was discharged rather than being admitted to the hospital. The observation unit benefit of this policy pays 100% of the hospital confinement indemnity benefit amount for up to six days each calendar year. If Susan's hospital confinement benefit amount is $250 per day, her policy will pay the same amount for her observation unit services, or $500. These benefits are, of course, in addition to any benefit payments she receives from major medical insurance, Medicare or a Medicare Supplement plan. If Susan has a similar incident later this year, she will still have four days of observation unit benefits available to her. Talk to your clients today about Medico's Hospital Indemnity plan. Marketing materials available on MIC, our agent website, include brochures, a product flyer, a postcard, and a customer presentation. |
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Tags: medico insurance, Hospital Indemnity, product spotlight