Insurance agents striving to stand out and compete in the crowded Medicare solutions market can utilize the latest data regarding Medigap rate increases. The just-reported data revealed that year-over-year increases for policyholders with Medigap Plan G coverage in 2024 ranged to as much as 20%. The new analysis was reported by the American Association for Medicare Supplement Insurance (AAMSI) and KLC Actuarial, LLC. “Competition in the Medicare market is intense with large call centers and marketing entities spending hundreds of millions annually on lead generation marketing,” explains Jesse Slome, director…
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New States Add Medicare Supplement Birthday Rules
Insurance agents competing to sell Medicare Supplement insurance in five states can now capitalize on rules benefiting Medicare beneficiaries. According to the American Association for Medicare Supplement Insurance (AAMSI), the five states include California, Illinois, Oregon, Nevada and Idaho. “Medicare insurance agents now face a daunting task of competing with the millions of dollars being spent on television ads featuring celebrity spokespeople,” explains Jesse Slome, director of the American Association for Medicare Supplement Insurance. “Survival of the independent Medicare insurance agent will depend on the ability to take advantage of…
Read MoreSterling Insurance announces new California Supplement policies for Medicare beneficiaries
Sterling Insurance has announced that it is now offering California residents Medicare Supplement (Medigap) policies There are currently over 4.8 million residents of the state that are eligible to receive Medicare. In California, every day means that approximately 1,000 more people will have turned 65, rapidly increasing the number of possibly eligible beneficiaries. At the moment, only 7 percent of the Medicare-eligible population of the state is carrying a Medicare Supplement policy, which means that there is a large number of people who have health coverage, but who will also…
Read MoreAdding supplemental dental insurance to Medicare coverage
eHealth, Inc. subsidiary, PlanPrescriber, has now published a report for beneficiaries of Medicare who are looking to purchase additional stand-alone insurance that covers dental. Part A and B of Medicare (also known as the Original program) does not include dental in its coverage. Therefore, if a beneficiary of Medicare experiences a medical emergency where their teeth need care, the original plan might or might not provide coverage for the emergency, depending on who has provided the care. Furthermore, basic Medicare coverage does not provide the type of dental coverage that…
Read MoreWith Thanksgiving and Black Friday over, the Medicare deadline is the next big date
With the Thanksgiving turkey eaten and Black Friday’s discount-hunting madness behind them, consumers have started to use the final two weeks left for open Medicare enrollment to do their last minute insurance shopping. Senior citizens are now starting to run out of time for choosing a new Medicare prescription drug or Advantage plan if they want to alter their current coverage. The deadline for Medicare’s open enrollment has been moved to December 7 from its traditional December 31 as a result of the 2010 federal healthcare laws. The reason for…
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