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Medicare Blog | Medicare News | Medicare Information

Medico announces Winter Cash Blast!

Posted by www.psmbrokerage.com Admin on Mon, Jan 13, 2020 @ 04:21 PM

Tags: medico insurance, Medicare Supplement

Why Medico Hospital Indemnity insurance stands out

Posted by www.psmbrokerage.com Admin on Tue, Jun 18, 2019 @ 12:11 PM

Why Medico Hospital Indemnity insurance stands out

Medico's Hospital Indemnity insurance plan has no deductible, no required pre-certification, and no network of hospitals that clients have to use. When enrolled, your clients choose the number of days and the cash benefit per day, which ranges from $100 to $600 in $25 increments, depending on what they select and what's available in their state.

Some of our main benefits may include:

  • Inpatient mental health services
  • Observation unit monitoring
  • Emergency room services

Optional benefits* are available at an additional cost and may include: 

  • Ambulance services 
  • A lump sum for a cancer diagnosis
  • Skilled nursing facility care**  

Learn more about Medico's Hospital Indemnity Insurance:

Image: www.Canva.com

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Tags: medico insurance, Hospital Indemnity

Dental Insurance Opportunity

Posted by www.psmbrokerage.com Admin on Thu, Sep 13, 2018 @ 10:36 AM

Dental Insurance Opportunity

Whenever you talk to your clients about their health insurance plans, be sure to include a discussion about dental insurance. Many seniors don't know that Medicare doesn't cover most dental care, dental procedures, or supplies, like cleanings, fillings, tooth extractions, dentures, dental plates, or other dental devices. That means they may need to enroll in dental coverage to avoid the problems that can arise from neglected dental health, including gum infections, dental decay, and chronic pain.

More and more people are aging into the senior market every day, and most people lose their dental benefits when they retire. In fact, according to a National Association of Dental Plans consumer survey, almost half of all seniors have no dental coverage. These consumers represent a fast-growing segment of the population, and reaching them could be a great boom to your sales.


Dental Plans offered by PSM


Consider this: According to the U.S. Department of Health and Human Services, for every adult without medical insurance, there are three without dental insurance. That’s a major opportunity.


So, what do seniors do when it comes down to taking care of their teeth? They either pay out of pocket (75 percent do this), or they don’t go. If they are lucky, they are one of the few seniors who have paid for a dental plan on their own. You can help fill a major hole in American health care needs. That means that the market for dental plans is gigantic. Scores of Americans (more than 100 million people) need a product you can sell them.


As a broker, when you’re discussing your senior customers’ coverage needs, you have the opportunity to help them understand the importance of maintaining their oral health.


You can talk with your senior clients about supplemental dental insurance and explain how it could help them afford access to professional dental care that their Medicare plan may not cover. Selling dental insurance to seniors is easier when you can show your customers that they don’t have to make sacrifices to their health for the sake of their finances.

PSM offers dental plans designed with your client's needs and budget in mind. If you are not selling dental plans currently, now is a great time to incorporate this in-demand product in your portfolio. Contact us today and we would be happy to assist.

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Tags: medico insurance, dental, ameritas

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

Hospital Indemnity plan pays observation unit benefit even when the patient is sent home.


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

Risks In Retirement: Don't Forget About Health Care Costs

Posted by Jeremy Davis on Fri, Jul 25, 2014 @ 09:19 AM

blog pic

“What’s the biggest risk to your financial security in retirement?” Whenever I ask that question, what I hear most often is that people are concerned about whether or not their money will last. Many pre-retirees don’t budget for unexpected medical expenses that can pose a threat to their retirement income plan. The Employee Benefit Research Institute estimates that a couple, both 65, retiring today with median prescription drug expenses needs $151,000 (in today’s dollars) to have a 50 percent chance of meeting their health care costs in retirement, not including long-term care costs. A couple with $255,000 in savings would have a 90 percent chance of covering those costs.

Why the Disconnect?
In my experience, many pre-retirees mistakenly believe that Medicare, the federal health insurance program for those aged 65 and older, will cover the vast majority of their health care expenses in retirement. Not so.

In reality, Medicare doesn’t cover many of the health care expenses older Americans use most. I’m talking about vision and dental care, hearing aids and eyeglasses. And Medicare Part D plans vary widely when it comes to prescription coverage. I remember feeling sticker shock when I helped my mom and stepdad pay their monthly pharmacy bill. Millions of Americans take blood pressure, diabetes, arthritis and other commonly prescribed medications to stay healthy and out of the hospital. These aren’t health care costs you can dial back on to save money.

Offer Your Clients Competitive Dental, Vision, & Hearing Plans


Source: forbes.com

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Tags: Risks in retirement, health care costs, employee benefit research institute, medico insurance, dental hearing and vision insurance

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