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Medicare Blog | Medicare News | Medicare Information

Short Term Care - An Affordable Alternative to LTC

Posted by Lauren Hidalgo on Fri, Feb 10, 2012 @ 08:28 AM

Medicare SupplementsWhen discussing your clients’ health care options and planning for their future, Short Term Care (STC) insurance is a great option for them to consider. Though it is human nature to not want to think about something happening to us, in reality sometimes an unexpected illness or accident forces us to change our lifestyle and adjust our finances. Created especially for the Baby Boomer generation, STC Insurance covers the costs of health care recovery. It gives your clients and their family breathing room and peace of mind during times of crisis.

With the costs of hospital stays skyrocketing, many seniors are now choosing to stay in a nursing home or have a caregiver come to their home in order to recover as quickly as possible. To give your clients perspective on the costs associated with this kind of care, the average price for an in-home care taker is $21 an hour, or $5,040 a month for 8 hours a day/7 days a week. If a nursing home is better suited, the average cost for a semi-private room is $5,940 a month. These costs multiply quickly, however with a monthly payment on par with the cost of a cable or phone bill an STC insurance policy can be in place and money will be made available for the policyholder to draw from when they need it.

Precision Senior Marketing has partnered with MedAmerica to offer our agents one of the most comprehensive and affordable Short Term Care Plans in the industry. To find out more about the benefits for your clients and generous agent commissions, please call PSM at 1-800-998-7715 or visit our MedAmerica Transitions Short Term Care page.

Please give us your feedback!
Do you sell Short Term Care policies to your clients? Do you find them receptive to the product? What benefits do you focus on when talking about it to your clients?

Additional Updates:
  • New Medicare Supplement from Stonebridge Life - Learn More
  • New United of Omaha Med Supp Available in AL, UT, and WA - Learn More
  • New United of Omaha Med Supp Available in MT - Learn More
  • Benefits of Medicare SELECT Plans - Learn More

Tags: Senior Market Advice, Health Insurance, Senior Market, Stonebridge Medicare Supplement, Short Term Care, United of Omaha Medicare Supplement

Annual Enrollment Period is Over, What's Next?

Posted by Lauren Hidalgo on Fri, Dec 16, 2011 @ 09:06 AM

Medicare SupplementsThe whirlwind of the Annual Enrollment Period ended December 7. As you catch your breath and prepare to enjoy the holiday season with your family and friends, you might find yourself wondering now what? Now is an ideal time to start planning for 2012 and there are many opportunities to take advantage of.

Unlike Medicare Advantage plans, Medicare Supplements can be sold at any point during the year to those who are age sixty-five or older (or those on Medicare disability).

Also the first quarter of 2012 is a great time to contact the new clients you signed up during AEP to see if there are any other products they would like to take advantage of such as:

By adding additional products to your portfolio you are helping to make your business well-rounded, increase your sales volume, and offer another way to market to your prospects and clients. Plus the more policies your clients have with you, the more likely they are to keep their business with you as their agent.

As we wind down 2011 be sure to take a good look at your portfolio and make sure you have the products you need to serve your clients. PSM will continue to bring you the newest in Medicare Supplements with low rates and excellent compensation to help you maintain growth in your business.


Please give us your feedback!
What are you doing in preparation for 2012? Do you have any tips for those agents just getting started in the senior market?

Additional Updates:
  • Forethought Med Supp Released in Arizona - Learn More
  • Forethought Med Supp Released in New Jersey - Learn More
  • Heartland National Life Rate Increase Notification - Learn More

Tags: Final Expense, Annuities, Medicare Supplement, Heartland National Medicare Supplement, Customer Service, Building Client Relationships, Short Term Care

MedAmerica Transitions: A New Short Term Care Product

Posted by Lauren Hidalgo on Fri, Sep 16, 2011 @ 09:07 AM

Medicare SupplementsMedAmerica Insurance Company is a subsidiary of a $5 billion not-for-profit health care company that finances and delivers health care to more than 2 million people. MedAmerica has been focused exclusively on providing financial solutions for chronic care situation since 1987. Known for their hassle-free service, strong financial performance, and commitment to improving aging adult’s quality of life, MedAmerica is now offering a new product called Transitions Short Term Recovery Care Insurance.

Short Term Care Insurance is made for when your client’s fall into a difficult time, whether in a nursing home, assisted living, or home care. It allows time for planning and making critical financial decisions between the incident and Long Term Care, if deemed necessary. This product was created specifically for your Baby Boomer clients; it is an innovative product that brings peace of mind to their families in times of crisis.

The Transitions product pays for daily charges up to a capped amount determined by the policy and also has a lifetime pool of money which can be restored after 180 days of not needing care. It offers an inflation option and has a waiver of premium, 21 day bed reservation, or 14 day respite care benefit if necessary. Plus, there is a 10% discount for clients with a spouse or domestic partner, regardless of whether one or both apply for coverage.

The policy also includes the MedAmerica MyCare Program, an optional program available at the time of claim that may not be necessary if the insured has a Long Term Care policy. MyCare provides expert advice, quality care assurance, and enhanced family connection. This benefit is paid out of the lifetime maximum pool, is up to 6 times the daily benefit maximum. The insured can access this when he or she is eligible for receiving payment of benefits.

Transitions has an easy design, process, and application. The application questions are Yes/No with quick underwriting leading to a much shorter decision period. Also, nine month advancing is available. Make sure your portfolio has this option available for when your clients request it.

PSM is excited to launch MedAmerica Transitions Short Term Care Insurance. Give your marketer a call today to get contracted.


Please give us your feedback!
Have you sold a Short Term Care product in the past? What tips do you have for those just looking to expand their business to include it?

Additional Updates:
  • Introducing an Exciting New Short Term Care Plan - Learn More
  • Forethought Launches a New Final Expense: Forethought Freedom - Learn More
  • Assured Life Medicare Supplement Rate Increase for OH - Learn More
  • Woodmen of the World Medicare Supplement Rate Increase for ID - Learn More

Tags: senior market news, Customer Retention, Assured Life Medicare Supplement, Woodmen of the World Medicare Supplement, Forethought Medicare Supplement, insurance companies, MedAmerica, Short Term Care

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