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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.  |
Ask any successful Medicare Advantage producer what they are most likely to cross sell with every Medicare Advantage plan sold and you’ll likely hear the same response… Hospital Indemnity.
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.
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What are some of the Benefits of a Hospital Indemnity Plan?
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View our Hospital Indemnity portfolio here.
