Medicare Scams To Increase With New PP & AC Act Laws

With the passage of the PP&AC Act comes many new laws, so many in fact that most American still know little about them and are confused about what it all means to them. One segment of the American population to be most confused and concerned about the changes affecting them are senior citizens. And where there is confusion you will always find devious individuals who will try to profit from that confusion.

Shortly after President Obama signed the PP&AC Act into law, there was a cable television advertisement that told viewers to call an 800 number to take advantage of a “limited enrollment” period to get special coverage that is now entitled to them by the passage of health care reform. There are also several news articles going around reporting that there are door-to-door salespeople going around selling “Obamacare” insurance policies.

Scam artists looking to take advantage of vulnerable citizens see great opportunity for their trade these days, as the combination of the worst economy in decades along with great fear and confusion about a big change in our nation’s law fosters an environment that makes what they do so easy. Senior insurance agents are the first and last line of defense for senior citizens against such attacks, so we encourage agents to keep informed of such scams and tricks and educate their clients to not accept any offers regarding their health care without consulting a trusted professional. Agents should look out for the following areas of the PP&AC Act that have a high likelihood of being exploited:

Better access to nursing home records – scammers may offer bogus data services whereby they try to get seniors and their families to pay a lump sum or for a subscription for data on nursing homes that is either falsified or that is freely available elsewhere.

Better access to nursing home records – scammers may offer bogus data services whereby they try to get seniors and their families to pay a lump sum or for a subscription for data on nursing homes that is either falsified or that is freely available elsewhere.

Better access to nursing home records – scammers may offer bogus data services whereby they try to get seniors and their families to pay a lump sum or for a subscription for data on nursing homes that is either falsified or that is freely available elsewhere.

Of course there are numerous areas of the bill that will be exploited so prepare to see all manner of exploits. To verify any offer received by your clients, one of the best ways to do so is to call your state insurance department and see if the entity offering the deal to your client is licensed to do business in your state. If you come across any scams, we encourage you to let the department of insurance know and spread the word as much as possible. Stay vigilant my friends.

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Medicare Supplement Plan N Expected To Be Among Highest Selling Plans

Precision Senior Marketing (PSM), a national distributor for the nation’s leading insurance companies, including Mutual of Omaha, Gerber Life, Woodmen of the World and/or Assured Life, and Sentinel Life, announced today that it is providing rates and information for the new Medicare Supplement Plan N. PSM is a national Medicare FMO dedicated to serving up the latest news and info on all modernized Medigap plans.

Since June 1, 2010, new Medicare supplement (Medigap) plans have been available. With the modernization, two new plans were introduced to the Medicare system- Medigap Plans M & N. The latter incorporates a new co-pay structure that requires a $20 co-pay for physician visits and a $50 co-pay for emergency room visits, and will offer senior citizens low premiums never before seen with Medicare supplements. Another attractive feature of Medigap Plan N is that it requires little to no underwriting, making it much more accessible to seniors than traditional Medicare supplement plans.

“Since the June 1, 2010 effective date, Medicare Supplement Plan N has been selling faster than anything I’ve ever seen before in Medicare,” says PSM Agent Mike Wilson. “The incredible combination of a more affordable price and better access is going to make Plan N the choice for seniors in 2010 and beyond, especially for those who don’t often need medical care and are generally healthy.”

PSM expects Medigap Plan N to successfully compete directly with Medicare Advantage plans. Though Plan N mimics the cost-sharing structure and pricing of Medicare Advantage, it differs in that it has no network restrictions and much lower out-of-pocket liabilities for seniors. Also, the standardization of Plan N provides both seniors and their insurance agents with stability they don’t get with Medicare Advantage plans.

“Many of the rates I’m seeing are better than I anticipated, and when I pass on that information to my clients they are ecstatic,” says senior market insurance agent Jason Patterson. “The good news is spreading fast about Plan N among senior citizens in my area.” Many other experts in the Medicare industry agree that Medicare Supplement Plan N will definitely sell much higher among seniors who can’t afford traditional Medigap plans, and those healthy baby boomers just becoming eligible for Medicare.

PSM invites senior insurance agents to visit its website at http://www.psmbrokerage.com and/or call 1-800-998-7715 to learn more about Medicare Supplement Plan N products. And with PSM’s licensing process, agents can get contracted with the industry’s leading carriers in as little as five minutes.

With more than 10,000 agents nationwide and growing, PSM leverages its powerful community and market expertise to obtain the best contracts from the industry’s top insurance carriers. As such, we can provide our agents with the best products, competitive commissions, and first-hand knowledge of industry news to dramatically increase their senior market sales.

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Significant Commission Increase Announced for the Sentinel Life Medicare supplement

Sentinel Life significantly increased the commission rate for the Sentinel Life Medicare supplement where it is available. Precision Senior Marketing (PSM), a Medicare Supplement FMO and leader in the industry, is now informing independent insurance agents across the country of the news that has the potential to increase their income.

The CEO of PSM, Lucas Vandenberg stated “As an exclusive distributor of Sentinel Life’s new Medicare supplement product, we are committed to extolling the benefits of the product, such as its high paying commission level and competitive premiums for seniors. I’m confident this combination will greatly appeal to senior market insurance agents throughout the country.”

In 2010, Sentinel Life Medigap is now available in 16 states with modernized plans, including Arizona, California, Colorado, Iowa, Idaho, Kansas, Montana, Nebraska, New Mexico, North Dakota, Oklahoma, South Dakota, Texas, Utah, Washington, and Wyoming. The Sentinel Life Insurance Company states on its website that since 1954 it has provided world class service and quality insurance protection.

Sentinel Life has announced that its Sentinel Plans Medicare Supplement insurance product line will provide standard plans A,B,C,D & F and Select plans C, D, & F.

Of course, many insurance agents were excited about the news, such as PSM agent Annabelle Castillo who said, “With 40+ million seniors today and 8,000+ baby boomers joining every day, it’s no wonder why Sentinel Life is aggressively adapting its business strategy to attract more agents.”

PSM encourages independent, senior market insurance agents to visit its website at http://www.psmbrokerage.com and/or call 1-800-998-7715 to learn more about the commission rate increase by Sentinel Life Insurance Company. And with PSM’s electronic licensing process, agents can get a top-level, direct contract for this product in as little as 5 minutes.

Located in Austin, Texas, Precision Senior Marketing, LLC is a full-service, national insurance marketing organization dedicated to recruiting, servicing, and supporting the best senior market insurance agents in the United States.

Are you looking for more information on the Sentinel Life Medicare Supplement, then contact Precision Senior Marketing, your source for Med Supp information.