As a brokerage, we know the plan that licensed agents sell the most is Plan G, and you may sprinkle some Plan N in there as well. But are you still offering the Plan F to your clients and bringing that value proposition to the table for them? That’s the million-dollar question. I think we are all fully aware of the MACRA legislation that went into effect January 1st, 2020 by now. If not, we have a 1-page flyer that will lays out those rules and how they apply to Medicare eligible prospects out there. MACRA was a major industry change that certainly affects the Medicare Supplement market. And because of that change, we anticipate a small revival of the Plan F and more diversification into the Plan N. And this is why... Because of MACRA, we know that Plan F is only available to those clients who were Medicare eligible before January of 2020. So yes, it’s off the table for any new T65 clients you are speaking to. And that means for most scenarios, any client who is eligible for, and considering a Plan F would have to go through underwriting, which allows the carrier to assess the claims risk upfront. In addition, we are seeing brand new Plan F blocks hit the market from several carriers, with very competitive rates. Those new blocks are going to receive mostly underwritten business, which should yield greater stability on that Plan F block, as well as very low rate increases for your clients in the future. As we all know, lower rate increases means higher retention on your business, as well as less churning of your business down the line. In turn, that’s going to translate into more renewals and less time needed to manage that part of your business. We also saw the Part B Deductible take a larger increase in 2022 than we expected, moving up to $233. And we are starting to see larger and more sporadic rate increases on the Plan G nationwide, because of all the Open Enrollment and Guaranteed Issue business coming in for that plan. So all of these changes put Plan F in a new light and position to consider. So here is what it boils down to… For your clients experiencing those large Plan G increases, or even for clients currently on a Plan F that are healthy enough to switch, you should be bringing Plan F to the table for them. Plan F is a stable offering that provides first-dollar coverage with no deductible or out of pocket surprises. For some people, that will be music to their ears and worth the extra premium. The added value and future stability is a win-win for both you and your client, so be sure to not overlook Plan F when you are offering Medicare Supplements. Yes, it takes a little bit more explaining and education with your client, but as you know, everyone out there is offering the Plan G. So make sure to differentiate yourself and make Plan F part of the value proposition conversation with your clients. Hope this is helpful and adds value to your business.
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Medicare Blog | Medicare News | Medicare Information
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2022 Medicare Communications & Marketing Guidelines
Posted by www.psmbrokerage.com Admin on Fri, Feb 11, 2022 @ 10:45 AM
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It's Back: Mutual of Omaha Med Supp Broker Bonus
Posted by www.psmbrokerage.com Admin on Thu, Feb 10, 2022 @ 03:58 PM
Producers can earn a $150 cash bonus for every issued underwritten Medicare supplement policy after they have a minimum of five issued policies per month. They can also earn a $30 bonus per issued policy, after meeting the monthly minimum, for Open Enrollment business (excluding internal and affiliate conversions). The bonus program runs through June 30, 2022. See the attached flyer for complete program rules and requirements.
We've had a lot of people ask us recently, "Is the 2022 National Medicare Insurance Industry Conference going to be in person?" As of now, the answer is yes. We enjoyed seeing everyone who attended at last year's conference in Chicago, and we can't wait to see you again this June in Las Vegas. Check out the 2022 conference website for the latest updates.
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Tags: Medicare Supplement, Mutual of Omaha Medicare Supplement
Prosperity Med Supp: Security Question Signature Feature
Posted by www.psmbrokerage.com Admin on Thu, Feb 10, 2022 @ 03:28 PM
The Most Efficient Signature Process Yet! Getting signatures on Prosperity Medicare Supplement applications just got easier with the Security Question Signature! We are thrilled to launch this feature alongside the various multiple signature options we already offer for you and your clients. State Availability Not appointed with Prosperity Med Supp? Request details ![]() |
While Medicare is important to have, it may still leave gaps in coverage that a policyholder is responsible for. For instance, most Medicare Advantage Plans don't cover the first 4 to 7 days of a hospitalization. Per the American Hospital Association (AHA) Hospital Statistics, the average hospital stay costs over $10,000, but can vary widely. A Hospital Indemnity plan can help bridge the gaps left open from a Medicare Advantage Plan, by providing a direct cash benefit to the policyholder.
View our Hospital Indemnity portfolio here. ![]() |
Tags: Hospital Indemnity
Nassau Medicare Supplement Elite Program
Posted by www.psmbrokerage.com Admin on Wed, Feb 09, 2022 @ 10:58 AM
Nassau Launches Elite Program for Med Supp
Earn Your Way to the 2023 Nassau Elite Retreat Write $125k in Issued, Annualized Med Supp premium to secure an invitation for you and a guest to join us for the 2023 Nassau Elite Retreat, including airfare plus four days and three nights at a world-class resort. Our 2021 Nassau Elite qualifiers will head to the luxurious Ocean Reef Club in Key Largo, Florida to connect with Nassau's senior leaders while exploring and unwinding at the resort's various exclusive and picturesque pools, bars, and beaches, and enjoying its breathtaking ocean views. Not appointed with Nassau Med Supp? Request details here
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Tags: Medicare Supplement, Nassau
Prosperity Med Supp | Virginia is now available for sale
Posted by www.psmbrokerage.com Admin on Mon, Feb 07, 2022 @ 04:28 PM
Prosperity Med Supp | Virginia is now available for sale
Materials In One Place The Digital Agent Kit is a resourceful tool for all agents who are looking for Prosperity product/marketing materials. You can find state-specific materials, state availability map, and the latest agent incentive.
Not appointed with Prosperity Med Supp? Request details here ![]() |
Aetna: Announcing 2022 Rewards Program
Posted by www.psmbrokerage.com Admin on Wed, Feb 02, 2022 @ 03:15 PM
If you travel, you’ll get a voucher to redeem for a vacation wherever you like. There are no travel restrictions, and you can upgrade or add to a chosen trip, all using a special concierge service for booking. It's your reward, your way. How to qualify: The application date on qualifying production must be between January 1 and December 31, 2022. Qualifying production is based on all new, issued annualized premium, and each qualified policy must be issued on or before January 15, 2023, and be in force on or before February 1, 2023. The reward value is based on the sales threshold for your level. The minimum production amount required to qualify for the payout or travel credits is $225,000 and for the Agent Rewards, the minimum production amount required is $190,000. Qualifying products and requirements are a combination of any of these products:
Our newest category is back again this year! For agents hitting milestones just under the threshold of Agent Elite Producer, you’re in for some surprising and delightful rewards! You’ll receive the reward for the tier you reach at the end of the year. Not contracted with Aetna? Request details here. ![]() |
Join us in Philly! Road to 8% Nation Tour
Posted by www.psmbrokerage.com Admin on Tue, Feb 01, 2022 @ 04:11 PM
10 Cities. 9 Months. 8% Roadshow.How do successful people think? From the professional to the personal realm, hear how you can better overcome challenges and develop a winning mindset. A destination without a path is unreachable. Learn what leaders from your industry and others did to pave their way to your dream lifestyle.
![]() NetworkingHave you ever heard the term, “It’s not what you know, it’s who you know?”One of the greatest things about the 8% Nation conference is the attendees themselves. Friendships, partnerships, and mentorships have all happened from agents just like yourself who happened to bump into the right person in the audience. By connecting with the person to your left or your right (or both) at our conference, you can hold each other accountable to your new goals, challenge yourselves to do more every day, and help each other to keep a growth mindset. It’s important to keep successful people around you if you want to achieve your goals and the people who attend 8% Nation are the ones who are committed to doing something big with their lives. ![]() |
Tags: Success Tips, Professional Networking, sales advice, Entrepreneurship, Insurance Marketing, Leadership
Aetna: You can earn $100 per qualifying Med Supp app
Posted by www.psmbrokerage.com Admin on Thu, Jan 27, 2022 @ 01:37 PM
Submit qualifying applications of Medicare Supplement and ancillary products January 1 through March 31, 2022 to earn a bonus. The more qualifying applications submitted and policies issued, the more bonus dollars you can earn. You can earn a $100 bonus per underwritten Medicare Supplement electronic application. And for qualifying ancillary products, you can receive a $25 bonus per application. 👉 View complete program details
If you submit a qualifying Medicare Supplement application with a qualifying ancillary product, you can receive an additional $25 bonus per application.
Submit qualifying Medicare Supplement applications and receive the following bonuses:
To receive a payout, you must submit a minimum of 5 signed applications (underwritten, guaranteed issue or open enrollment) and policies must be issued by dates indicated below.
Submit qualifying applications of any of the qualifying ancillary products and receive a $25 bonus per application (electronic and paper):
Policies must be issued by dates indicated below, with $180 minimum annual premium. 👉 Not contracted with Aetna? Request details here. ![]() |