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Medicare Blog | Medicare News | Medicare Information

The Internet is Steadily Becoming the Way Consumers Learn about Insurance Products

Posted by www.psmbrokerage.com Admin on Fri, Sep 13, 2019 @ 02:54 PM

The Internet is Steadily Becoming the Way Consumers Learn about Insurance Products


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Tags: Medicare Advantage, Medicare, Medicare Supplement, phone sales, online sales

What brokers need to know about MACRA

Posted by www.psmbrokerage.com Admin on Wed, Sep 11, 2019 @ 10:55 AM

macra header


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Tags: Medicare Supplement, MACRA

Beneficiary Advocates Raise Alarms Concerning Roll-Out of New Medicare Plan Finder and Revision of Medicare Marketing Rules

Posted by www.psmbrokerage.com Admin on Wed, Sep 11, 2019 @ 10:27 AM


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Tags: Medicare Advantage, Medicare, Medicare Supplement, CMS

Med Supp and MAPD Loyalty Drivers

Posted by www.psmbrokerage.com Admin on Wed, Sep 11, 2019 @ 10:23 AM

Med Supp and MAPD Loyalty Drivers


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Tags: Medicare Advantage, Medicare, Medicare Supplement

Mutual of Omaha May Sneaker Up on UnitedHealth

Posted by www.psmbrokerage.com Admin on Thu, Sep 05, 2019 @ 04:53 PM


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Tags: Medicare Advantage, Medicare, Medicare Supplement, Medicare Part D, mutual of omaha

2020 AHIP and Carrier Certifications: Tips and Reminders

Posted by www.psmbrokerage.com Admin on Mon, Aug 12, 2019 @ 11:03 AM

2020 AHIP and Carrier Certifications: Tips and Reminders

Prepare. 2020 AHIP and Carrier Certifications take time and brain power. It's a good idea to set aside a sufficient amount of time and energy to thoroughly comprehend and complete the required training.

Pace yourself. Rushing though certifications can greatly hinder you from learning essential information. It can also decrease the likeliness of passing the course. Taking small breaks between sections is an effective way to pace yourself throughout the training.

Pay attention. There are oftentimes important updates within the certification training. It is imperative that agents grasp the information being shared. These certifications also serve as excellent refreshers. Take advantage of the materials provided and challenge yourself to learn the information rather than simply pass the tests. 

Don't procrastinate! These certifications are not only helpful to you as an agent, but most are required for agents to complete in order to sell the products. The longer you wait, the more opportunities you'll miss out on.

Remember! Do not write any new business until you receive the carrier's "Ready to Sell" notification.

For more information regarding AHIP's Medicare Course, and a discount for the AHIP certification,visit our AHIP Information page

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Tags: Medicare Advantage, Medicare, Medicare Supplement, Medicare Part D

State of Medicare Advantage

Posted by www.psmbrokerage.com Admin on Tue, Aug 06, 2019 @ 01:09 PM

 

Every day 10,000 seniors age into Medicare.

According to the US Census Bureau, the number of Americans over age 65 is projected to double over the next four decades, growing from nearly 48 million seniors today to about 98 million by 2060.1

 

By 2030, the entire baby boom generation will be older than age 65, meaning one in five U.S. residents will be over 65. In 2035, just five years later, roughly 78 million Americans will be over age 65.2

Not only is the aging population growing but older adults are also living longer, and many are living with serious chronic conditions. 67% of Medicare beneficiaries have two or more chronic conditions. Nearly all health costs are driven by patients with chronic conditions, for whom the federal government is the dominant payer. Individuals with multiple chronic conditions account for 94% of Medicare spending.3

As health care costs continue to increase and consumer costs rise, there is an urgency to improve quality and manage costs. The future of Medicare is the move away from traditional fee-for-service (FFS) models, which reimburse care based on volume of services provided. Medicare Advantage instead rewards the value of health outcomes delivered, which is essential to achieve better outcomes and better costs. Medicare Advantage, the modern, private-public option, is the future of Medicare.3

Medicare Advantage is leading the innovative use of value-based care offering beneficiaries the choice of an integrated care plan, with a focus on patient-centered primary care, early intervention, and care coordination. It means greater simplicity, affordability, and enhanced benefits to improve health and well-being for the millions of individuals.

Today, one in three Medicare beneficiaries are enrolled in Medicare Advantage, benefiting from a higher quality of care at lower consumer costs.4


Source: https://www.bettermedicarealliance.org/about-medicare-advantage/state-medicare-advantage

Image: Canva

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Tags: Medicare Advantage, Medicare, Medicare Supplement, Medicare Part D

New Report Examines Medicare Advantage Supplemental Benefit Policies

Posted by www.psmbrokerage.com Admin on Mon, Aug 05, 2019 @ 03:32 PM

 

A new report from the AARP Public Policy Institute examines changes to Medicare Advantage (MA) supplemental benefit policies and the implications for people with Medicare.
 
MA plans have long been able to offer benefits beyond what is required by law. However, the Balanced Budget Act of 2018 and recent regulatory decisions, including those in the 2019 Part C and D final rule and the Final Call Letter for 2019, have greatly increased this authority.
 
Among the reforms with significant consequences for consumers are those that expand the array of benefits MA plans can offer and grant the insurers more latitude to design and target those packages.

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Tags: Medicare Advantage, Medicare, Medicare Supplement, Medicare Part D

Medicare Plan Finder Being Updated

Posted by www.psmbrokerage.com Admin on Mon, Aug 05, 2019 @ 03:10 PM

 

Process is too complex for beneficiaries to use it effectively

The CMS is planning to launch updates to its Medicare Plan Finder this month after a report from a government watchdog flagged significant usability concerns with the tool. The GAO analyzed the experience of comparing plans on MPF and found 58% of beneficiaries described the process as “difficult” while just 13% of beneficiaries said it was easy. “These selections can be difficult due to the Medicare program’s complexity, and can have important implications for beneficiaries’ out-of-pocket costs and access to providers,” the GAO said. This can limit a beneficiary’s ability to compare their options in traditional Medicare fully with Medicare Advantage plans, according to the report. The tool also lacks information on provider networks offered in M/A plans, which can also confuse the selection process, since it requires a beneficiary to visit individual plan websites to find that information.

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Tags: Medicare Advantage, Medicare, Medicare Supplement, Medicare Part D

Answers to Everything Medicare

Posted by www.psmbrokerage.com Admin on Mon, Aug 05, 2019 @ 02:14 PM

 

In its annual Data Book report, MedPac’s exhaustive 206-page report on All Things Medicare addresses pretty much anything and everything you ever wanted to know about Medicare. Such as: the Congressional Budget Office projects nearly half of all Medicare beneficiaries (47%) will be in a Medicare Advantage plan by 2029; Medicare paid M/A plans about $230 billion in 2018 to cover Part A and Part B services for M/A enrollees; the number of M/A plans from which beneficiaries may choose in 2019 is higher than at any time since 2012; in 2019, beneficiaries may choose from an average of 23 M/A plans operating in their county.

Medicare Advantage Enrollment: 2003-2019


In 2017, 88% of Beneficiaries Were Enrolled in Part D

 

In 2017, more than three-quarters of Medicare beneficiaries either signed up for Part D plans or had prescription drug coverage through employer-sponsored plans. Other enrollees in stand-alone PDPs accounted for 30% of all Medicare beneficiaries. Another 22% of beneficiaries were enrolled in MA–PDs and did not receive low-income subsidies.

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Tags: Medicare Advantage, Medicare, Medicare Supplement, Medicare Part D

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