Competitive products to help your clients needs.
With the baby boomer generation aging into Medicare, there are 10,000 Americans turning 65 every day. Senior Insurance Marketing wants to help your client be as successful as they choose in this great market. It is an excellent time for senior insurance, make sure your client has an excellent portfolio to match.
Medigap plans cover out-of-pocket costs not covered by original Medicare, such as co-payments, coinsurance and deductibles. Some plans may help pay for other benefits original Medicare doesn’t cover, such as emergency health coverage outside of the country or the first three pints of blood.
We offer more competitive products to help your clients coverage needs.
We are proud to offer competitive commission contracts for nearly all of our carriers. If you’re ready to join the family, call us at 877-800-3080 or email us at firstname.lastname@example.org.
Each month we post the latest rate change sheets for our carriers. With so many changes going on in the industry, you won’t want to miss these!
Medicare Advantage plans
Medicare Advantage plans now cover nearly three in ten Medicare recipients. Most Medicare Advantage plans also include Part D prescription drug coverage.
With a Medicare Advantage plan, your client will continue to pay their Part B premium as usual, and may also pay an extra premium for the plan. It’s important to note that individuals are not allowed to have a Medigap and Medicare Advantage plan simultaneously.
Medicare Advantage plans typically come with deductibles and copays but, unlike original Medicare, they have an annual out-of-pocket limit. That means that once your client has paid deductibles and copays that add up to the annual out-of-pocket limit, the plan will then pay 100 percent of their medical bills for the remainder of the year.
If you have a client on Medicaid and Medicare that is dual eligible, look into DSNIP (Dual Eligible Special Needs Plans) Medicare Advantage, which allows your client to enhance their coverage.
Prescription drug plans
Medicare offers prescription drug coverage to everyone with Medicare. To get Medicare drug coverage, clients must join a plan run by an insurance company or other private company approved by Medicare. Each plan can vary in cost and drugs covered.
Eligibility for Medicare Part D is not open to everyone. You must meet certain criteria to enroll in a Medicare Part D plan. Specifically, you must fall into one of the following categories:
- You are age 65 or older
- You have a qualifying disability for which you have been receiving Social Security Disability Insurance (SSDI) for more than 24 months
- You have been diagnosed with End-Stage Renal Disease (permanent kidney failure requiring a kidney transplant or dialysis)
- You are entitled to Medicare Part A and/or enrolled in Medicare Part B
Medicare cost plans are a type of Medicare health plan. Private insurance companies contract with Medicare to deliver your Original Medicare (Part A and Part B) benefits. A Medicare cost plan may have a provider network.
Who’s eligible for Medicare cost plan?
- You’re enrolled in Medicare Part B, and eligible for Part A.
- You live in the plan’s service area. In some cases, you can live outside the plan’s service area.
- The plan is accepting new patients.
- You agree to follow the plan’s membership rules.
- You don’t have end stage renal disease (ESRD, a type of permanent kidney failure). There are some exceptions.
Medical savings account
A medical savings account (MSA) refers to a medical savings account program, in which tax-deferred deposits can be made for medical expenses.
Most MSA plans have two parts. They combine a high-deductible insurance plan with a medical savings account that you can use to pay for your health care costs.
High deductible health plan: This plan will only begin to cover your costs once you meet a high yearly deductible, which varies by plan
MSA: The MSA deposits money into your account and is used to pay your health care costs before you meet the deductible.
Call our office today to learn more!