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Another great annual Medicare Summit in the books!A special thanks to NABIP Texas, Danielle Kunkle Roberts, and Dana Lasman, Medicare Benefits Specialist for orchestrating such a worthwhile event.Appreciate all the hard-working and passionate independent agents who attended and help support the ever-important NABIP cause. Precision Senior Marketing, as a proud sponsor, hopes you enjoyed the content and can put some of those concepts into action to ensure you have the most successful AEP ever!
About NABIP National Association of Benefits and Insurance Professionals Texas Chapter (NABIP-TX) is a state member of the National Association of Benefits and Insurance Professionals (NABIP). We are a professional organization of agents and insurance company representatives who care enough about their clients to join together with a Mission Statement "...to inform and protect the consumer by enhancing the professional growth of its members." NABIP represents nearly 20,000 professional health insurance agents and brokers who service the insurance needs of millions of Americans. Founded in 1930, there are now 200 state and local chapters in the United States.
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Join us for a day of education and networking.
Earn 3 Hours of Ethics CE and Meet the 2023-2024 NABIP-Austin Board Members!
Register today: https://austinahu.org/meetinginfo.php?id=160&ts=1684850380
Speaker: Krista Palmer, NABIP-Tx Immediate Past President
About NABIP
National Association of Benefits and Insurance Professionals Texas Chapter (NABIP-TX) is a state member of the National Association of Benefits and Insurance Professionals (NABIP). We are a professional organization of agents and insurance company representatives who care enough about their clients to join together with a Mission Statement "...to inform and protect the consumer by enhancing the professional growth of its members." NABIP represents nearly 20,000 professional health insurance agents and brokers who service the insurance needs of millions of Americans. Founded in 1930, there are now 200 state and local chapters in the United States.
The Medicare Supplement market continues to have long-term sustainability. By 2022, almost 68 million consumers are expected to be enrolled in Medicare. The recent growth in the Medicare Supplement market can be attributed to the number of Medicare enrollees growing by 11%, as well as a recent slowdown in the growth of Medicare Advantage enrollments. Additionally, employers have continued to remove Medicare-aged retirees from their employer health plans further supporting a growth in Medicare supplement sales. Medicare Supplement enrollments are projected to continue to grow over the next ten years, creating ample opportunities for insurance carriers, agents, and marketing organizations in the senior market.
With the number of people aging and the continual rise in health care costs, our Nation's health-care obligations are becoming increasingly harder to meet. Federal Reserve Chairmen Ben Bernanke projects that Medicare and Medicaid needs will double our national income within the next twenty-five years. Social Security, too, will be strained as less people enter the work force than those ready to receive their benefits. Bernanke calls US public finances an "unsustainable path" but understands cutting spending on Medicare and Social Security would be very unpopular with the American public. He offers no new ideas on reducing spending, leaving those decisions to elected officials. However, he warns that underestimating these challenges would be detrimental to our economic future.
