For Medicare beneficiaries who have Medicare supplements, I strongly encourage you to take a look at what you are paying and then do some comparison shopping. Many are surprised to learn that they can get the same exact coverage (or better coverage) through another carrier and save money. Typical savings will range from $300/year to as much as $1200/year per person.
Anyway, where there’s one termite there’s usually another or something line that. I started asking about their supplemental coverage, and of course they didn’t know what they had or what they had done. I uncovered a letter that was sent from an insurer saying that she had applied for a supplementary health insurance for medicare plan N, but was missing a simple form in order for processing to complete. I immediately called the company, and of course, you guessed it. No coverage was in place! They never received the form so it was never put into place.
Buy a list of small business owners in your state. For the sale of individual life and health products I recommend buying a list with no more than four employees. You can search “business lists” to find list companies. Don’t pay too much for a list if the price is based on accurate mailing addresses. Addresses are irrelevant when telemarketing. You’re looking to spend about 2 to 3 cents per record.
Do you understand Medicare Advantage plans? These plans have provided a way for millions of Americans to reduce their health care and health plan costs. They have been around since the late 1990’s. Yet many people are confused about them, and there is a lot of misinformation being spread around.
First of all let us take a look at the interest AARP may have in the outcome of this health care reform. By saying they don’t take sides – but they do – they are trying to ride the fence. My husband used to say of these kinds of people they must have to pick splinters out their duffs each night for riding the fence so hard during the day. In their AARP Bulletin this month, they advertise for no less than ten insurance companies in 28 page magazine. Let’s see they cover, home owners, life, automobile, medical supplement, and medicare supplements. These are not just ads – but endorsements from AARP – you have to be a member to get it. No matter which way, they want to appease their membership and appease their benefactors.
Mary wanted to believe she could get a better price by going direct to the carrier so when she was told their price was $100 less, she bought. The agent allowed Mary to believe the lie because he knew that is what she wanted to hear.
This is really the future of Medicare where those individuals who earn more will need to share part of the cost. Part B premium is the first piece of this approach and Part A will likely follow soon. The cost for Medicare supplemental insurance is not means tested as it provided by the private market and the premiums are the same regardless of income levels. To some extend, the Medicare Advantage plans offer low or no cost Medicare options for those who are unable to afford Medigap coverage with limitiations inherent in the HMO model of coverage.