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Medicare Blog | Medicare News | Medicare Information
Big Changes to Mutual of Omaha Medicare Supplement
Posted by Lauren Hidalgo on Fri, Feb 17, 2012 @ 08:53 AM
Tags: Medicare Supplement, Assured Life Medicare Supplement, industry news, Omaha Insurance Company, Mutual of Omaha Medicare Supplement, United of Omaha Medicare Supplement
Short Term Care - An Affordable Alternative to LTC
Posted by Lauren Hidalgo on Fri, Feb 10, 2012 @ 08:28 AM
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Tags: Senior Market Advice, Health Insurance, Senior Market, Stonebridge Medicare Supplement, Short Term Care, United of Omaha Medicare Supplement
How the Recession is Changing the Agent’s Role
Posted by Lauren Hidalgo on Fri, Mar 25, 2011 @ 08:45 AM
Please give us your feedback! Source: Agent's Sales Journal |
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Tags: Medicare Supplement, health insurance industry, insurance news, industry news, Mutual of Omaha Medicare Supplement, United of Omaha Medicare Supplement
Efforts to Defund the Health-Care Law Underway
Posted by Lauren Hidalgo on Fri, Feb 18, 2011 @ 09:35 AM
What do you think of the efforts by the Republicans to defund the health-care law? Do you think they will be successful? Do you think Congress will be able to come to an agreement by their deadline of March 4, 2011? Grow Your Business Online - PSM Can Show You How
United of Omaha Now Available in MaineEffective February 16, 2011 United of Omaha is available in Maine – please see the United of Omaha Maine Rates and Application. Assured Life Now Available in TennesseeEffective February 9, 2011 Assured Life Medicare Supplement is available in Tennessee – please see the Assured Life Tennessee Rates and Assured Life Tennessee Application.
Sources: KHN, The Washington Post, The Hill |
Tags: Success Tips, technology, Medicare, Medicare News, Assured Life Medicare Supplement, health care reform, United of Omaha Medicare Supplement
Medicare Part D Price Increase for High Income Seniors
Posted by Lauren Hidalgo on Fri, Feb 11, 2011 @ 09:55 AM
How do you feel about affluent seniors having to pay higher premiums for their Medicare Part D coverage as well? The Diminishing Medicare Doughnut HoleStarting in 2011 seniors who hit the doughnut hole will have substantial discounts on their prescription drugs, increasing over time and completely closing the gap by the year 2020. This is a significant part of the health care law because in the past those who reached the gap often stopped filling their prescriptions due to the financial burden. Previously, Medicare beneficiaries were responsible for 25% of their prescription drug cost and their drug plan paid the extra 75% until they reach a total of $2530 at which time the senior entered the doughnut hole. However starting this year after reaching the doughnut hole beneficiaries will get a 50% brand-name and 7% generic drug discount until they have spent $3607.50. At that time the senior will be out of the doughnut hole and the drug plan will cover approximately 95% of the prescription drugs for the remainder of the year. By 2020 Medicare beneficiaries will only be responsible for 25% of their bill, no matter how large. This year alone the new plan will save approximately 4 million low-income seniors up to $1800 each. However critics believe this will result in drug companies raising the price on their drugs, to cover the difference. A price increase would affect all of those on Medicare not just those in the doughnut hole, creating another problem needing a solution. What do you think of the new Medicare Part D benefit? Do you think drug companies will raise their prices to cover the difference? Medicare Select
United of Omaha Approved in CA, NE and SDEffective February 3, 2010 United of Omaha is released in Nebraska and South Dakota – please see the United of Omaha Nebraska Rates and the United of Omaha South Dakota Rates. Forethought Now Available in KS and UTEffective February 2, 2011 Forethought is released in Kansas and Utah – please see the Forethought Kansas Rates and Application and the Forethought Utah Rates and Application or call 1-800-998-7715 to get contracted.
Sources: KHN |
Tags: Medicare Supplement, health insurance industry, health care reform, Forethought Medicare Supplement, United of Omaha Medicare Supplement, Medicare Select
Mutual of Omaha Medicare Supplement Plan N Changes
Posted by Lauren Hidalgo on Thu, Feb 03, 2011 @ 10:04 AM
Mutual of Omaha has announced underwriting changes to their Plan N Medicare Supplements. This will affect all Mutual of Omaha companies including United World and United of Omaha. Exceptions will include New York, where health questions may not be asked (per state regulations) and in open enrollment or other guarantee issue situations where health questions normally do not apply. New Application (Required after February 16, 2011)The underwriting changes will also bring about new applications. Where the new applications are already approved, the new underwriting guidelines will be effective with applications signed on or after February 16th 2011. The states are where the new applications have already been approved are: Commission ChangesThis change will also affect commissions on Plans M and N. Mutual of Omaha will have new commission schedules available shortly, but you can expect commissions on all plans to be uniform. |
Tags: Medicare Supplement, Senior Market, industry news, Mutual of Omaha Medicare Supplement, United of Omaha Medicare Supplement
Reversing Federal Rule on End-of-Life Planning
Posted by Lauren Hidalgo on Fri, Jan 07, 2011 @ 09:49 AM
CVS Caremark to Buy Universal American’s Medicare Prescription Drug BusinessLast week, CVS Caremark purchased Universal American’s Medicare Part D business for eight times the operating earnings. This buy-out more than doubles the size of CVS Caremark’s 1.2 million drug plan members; and, the addition of the 1.9 million that have United American makes CVS Caremark a major competitor in a short period of time. Universal American’s stock shares soared over 40% after the news of the deal was announced on Thursday, December 30th, and those stock holders can expect to receive between $12.80 and $13.00 per share for the business. Meanwhile, CVS’s shares values remain the same. The Universal American acquisition makes CVS Caremark a larger competitor to health insurers like UnitedHealth Group, Inc. and Humana, Inc. Also, the merge comes in time for the Baby Boomer generation to begin receiving Medicare benefits, the anticipated shift from employer coverage to Medicare in those who are retired, and Walgreens, CVS’s main competitor and the #1 drug store chain in America, trying to get out of the pharmacy business. Supporters of the acquisition also say that this merger will benefit CVS stores as well, with more people going into the store to pick up their prescriptions and possibly other items they might have gone elsewhere for otherwise. Beginning Internet Prospecting: Do You Have Any Questions?It’s bound to have come up at some point in your agency business, either a client asks you for your agency URL, you’re looking for a new way to get leads, or you need a place to share all of your industry knowledge. In the last few years, the internet has completely changed the way we interact and it’s now vital for business to establish an up-to-date internet presence. Fortunately, it’s now easier than ever to get started. Several template-based, user friendly, Content Management System (CMS) website platforms are available for you to use, with little to no HTML or coding knowledge. We at Precision Senior Marketing use Hubspot; however, Joomla, Intuit, and Wordpress (as well as several others) are also good options. Or, if you do not have the time to create your website yourself, you can hire a graphic design or marketing firm team of professionals to create something completely custom to your agency. It is important to remember your website should be professional, give a great first impression, and be a reflection of who you are as an agent. New to selling Medicare Supplements? Mastering the art of Medicare Supplements is a great place to start. United of Omaha Phase VI - CA, CO, KS, ME, NE, NJ, and SDUnited of Omaha has proposed NEW Medicare Supplement rates for California, Colorado, Kansas, Maine, Nebraska, New Jersey, and South Dakota, tentatively effective 02/01/2011 (pending state approval). With Ultra-competitive rates, excellent commissions and a name your clients will know and trust, this is an opportunity you cannot afford to pass up. Partner with PSM and ensure you have the most competitive edge in the Senior Market. Request more information now or call 1-800-998-7715 for more information.Sentinel Life Rate Increase for LouisianaEffective for all Louisiana applications signed on or after January 14, 2011 there are new rates for Sentinel Life Medicare Supplement LA and Sentinel Life Medicare Select LA. Call 1-800-998-7715 to get contracted with Sentinel Life.
Sources: KHN, Reuters, Agent’s Sales Journal, Politico, The Associated Press |
Tags: United of Omaha Phase VI, senior market news, Medicare Supplement, Medicare News, Sentinel Life Medicare Supplement, United of Omaha Medicare Supplement