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Medicare Blog | Medicare News | Medicare Information

WellCare PDP 2020 Bank Draft Details

Posted by www.psmbrokerage.com Admin on Thu, Nov 14, 2019 @ 10:32 AM

Additional Updates:
 

Tags: Medicare Advantage, PDP, WellCare, 2020

Announcing the CMS Approved 2017 SilverScript Plan Designs

Posted by www.psmbrokerage.com Admin on Wed, Aug 10, 2016 @ 12:32 PM

2017 SilverScript Plan Designs Released

IMPORTANT UPDATE: 

SilverScript has released their 2017 CMS Approved Plan Designs.

Request Info

Did you know that SilverScript® has more members in a Part D plan than any other Part D plan sponsor? CMS reports that SilverScript has more than 5.5 million members and more than four million of these members are actively enrolled in our SilverScript Choice PDP. 

We are confident that SilverScript will be well received by Medicare beneficiaries and agents during the 2017 AEP, too. CMS just approved their 2017 PDP premiums, and plan designs are approved and finalized. We encourage you to have this product in your portfolio for the upcoming enrollment window.

Highlights Include:

  • Competitive Plan Designs with $0 Deductible
  • Unique Formularies
  • New e-App for 2017 Enrollments
  • Simple Certification Process
  • CVS / SilverScript Retail Pharmacy Opportunity
  • Much more!

Request details today and place your business with a proven leader.

2017 Certification Now Available:

The SilverScript Product and Process course is now available via the SilverScript Agent Portal’s Training & Certification page. Now is a great time to complete all of your annual certification requirements.

Remember, you must complete the 2017 annual certification requirements before you can market SilverScript plans this AEP and you must complete the requirements prior to December 7, 2016 (the last day of AEP), in order to be eligible for 2017 renewal commission.

SilverScript now has a direct relationship with the AHIP training website. Agents who have completed 2017 initial training and/or annual re-training certifications through AHIP can have their results automatically submitted to SilverScript. Instructions are on the SilverScript Agent Portal’s Training & Certification page.

Additional Updates:
  • 2017 Medicare Advantage proposed benefits and expansion counties now available - View
  • 2017 Medicare Advantage Certification instructions now available - View
  • Introducing a New Med Supp from Thrivent Financial  - View
  • Liberty Bankers Life breaks into the Med Supp market  - View
  • Sell Medicare Supplements from virtually anywhere - View
  • FREE Med Supp Online Quoting Tool for PSM Agents - View

Tags: Part D, PDP, silverscript

The 2017 Medicare Advantage Enrollment Window is Right Around the Corner...Be Prepared with PSM

Posted by www.psmbrokerage.com Admin on Thu, Jun 23, 2016 @ 09:58 AM

2017 Medicare Advantage Sneak Peeks

The AEP is right around the corner and there are some exciting opportunities on the horizon for 2017.

Make sure you are up to date with the latest information including expansion areas (available now for select carriers), plan designs (coming soon) and certification announcements.Join our update list today or call one of our marketing representatives at 800-998-7715 for the latest information.

As an added value, we are providing a discount on AHIP training for being a part of our team. Click on the link below to access the details.

Updates Include:

  • Service area expansions and reductions from current companies
  • Sneak Peeks at pricing and benefit information
  • Comparison tools and lead generation ideas
  • Certification announcements - AHIP Discount for PSM Agents

Bonus: CMS also just released some great news for Medicare Advantage and PDP commission rates for 2017 and they are the highest ever! Details located here.

More exciting details to come and we look forward to being your one-stop-shop for all your Medicare needs this enrollment season.

Additional Updates:
  • Aetna and UnitedHealthcare have announced their 2017 Medicare Advantage expansion counties. Call 800-998-7715 for details.
  • 2017 UnitedHealthcare and AHIP Certification details - View
  • Introducing a New Med Supp from Thrivent Financial  - View
  • Liberty Bankers Life breaks into the Med Supp market  - View
  • A great product for lead generation and referrals - View
  • New electronic scope of appoitment with Silverscript - View
  • Sell Medicare Supplements from virtually anywhere - View
  • FREE Med Supp Online Quoting Tool for PSM Agents - View

Tags: Medicare Advantage, Medicare, ma commissions,, PDP

Update: Maximum Broker Commissions for Medicare Advantage and Medicare Part D for 2017

Posted by www.psmbrokerage.com Admin on Thu, Jun 02, 2016 @ 05:33 PM

MA__PDP_Commissions

For 2017 effective dates, CMS has increased maximum broker commissions for both Medicare Advantage and Prescription drug plans. Below is the content from the memorandum published by CMS.

SUBJECT: Contract Year 2017 Agent and Broker Compensation Rate Adjustments, Submissions, and Agent and Broker Training and Testing Requirements

This memorandum provides the updated agent and broker compensation limits for Contract Year (CY) 2017 and information regarding submitting compensation amounts to the Centers for Medicare & Medicaid Services (CMS) through the Health Plan Management System (HPMS).

Additionally, this memorandum provides requirements for Medicare Advantage organizations, Prescription Drug Plan sponsors, and Section 1876 Cost Plans (herein after “organizations”) to use in developing their curricula for training and testing agents and brokers for CY 2017.

Compensation Rate Adjustment for CY 2017

As provided in 42 C.F.R. §§422.2274(b)(1) and 423.2274(b), the compensation amount paid to an independent agent or broker for an enrollment must be at or below the fair market value (FMV) cutoff amounts published yearly by CMS.

The chart below summarizes the CY 2017 FMV cut-off amounts for all organizations.

commission_chart.png

Medicare Advantage Broker Commissions:

  • For CA and NJ, initial MA commissions increased to $553. Replacement commissions increased to $277.
  • For CT, PA and DC, initial MA commissions increased to $498. Replacement commissions increased to $249.
  • For all other states, initial MA commissions increase to $443. Replacement commissions increased to $222.

Medicare Part D Broker Commissions:

  • Initial PDP commissions increased to $71. Replacement commissions increased to $36.

Click on the link below to read the full article.

Source: CMS
Image courtesy of Freepik

Additional Updates:
  • How to change a habit for good - View
  • Crafting the perfect sales pitch - View
  • Medicare Advantage premium analysis  - View
  • CMS posts new Medicare agent sample test  - View
  • Mutual of Omaha Med Supp - New Hospital Choice Savings Program - View
  • The perfect sidekick for your Senior Business - View
  • Sell Medicare Supplements from virtually anywhere - View
  • FREE Med Supp Online Quoting Tool for PSM Agents - View

Tags: Medicare Advantage, Medicare, ma commissions,, PDP

The Ultimate Annual Enrollment Period Check List

Posted by Carly Callahan on Fri, Oct 16, 2015 @ 10:15 AM

The Ultimate AEP Checklist

With thousands of seniors RSVP’ing for AEP each day and nearly three months of non-stop shows this fall tour, Precision Senior Marketing wants to help get you ready to rock!

So, have you created the perfect set list to shake up your Medicare sales this AEP?

Take a peep at this ROCKIN' SlideShare, sharing all items ‪senior market‬ ‪insurance agents‬ need to take care of prior to their big show.

Best of luck this enrollment window and we look forward to offering you the products, training and resources to make your business a success. - The PSM Team

http://www.slideshare.net/CarolineCallahan/the-ultimate-annual-enrollment-period-check-list-53887521

 

Source: www.slideshare.net

Additional Updates:

Tags: Medicare Advantage, MAPD, PDP

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