When people turn 65, they qualify for Medicare – and if they miss the initial enrollment period, they can face lifetime penalties as a result. The punishment can seem harsh, especially given that some people may miss the deadline simply due to a lack of awareness regarding the rules. The BENES Act aims to rectify the situation.
While the hustle of Medicare’s Open Enrollment is in full swing, it is easy to be short sighted. We have a very limited time to review Medicare Advantage and Part D plans with our clients.
Keeping your name in front of your clients is key to keeping them loyal and top of mind when they are talking to their family and friends.
Topics: medicare insurance sales
Social Security beneficiaries will be getting a little more money in 2018. The Social Security Administration has released its Cost-of-Living Adjustment (COLA) for 2018. It’s based on the Consumer Price Index (CPI-W) between the third quarter and 2016 and the third quarter of 2017.
Next year is shaping up to be a great one for Medicare enrollees in Arizona. CMS recently released Star Ratings for the 2018 Medicare health and drug plans, along with good news for Medicare Advantage premiums and options.
Topics: Medicare insurance ratings
This may seem counterintuitive. How can offering more products to clients generate more referrals? Simple, you are providing more solutions to problems or issues before they become financial drains to a client.
Topics: insurance cross selling
These days, everything is done online, from shopping and banking to dating and working. People are even getting medical care online. Telemedicine offers many benefits, and you should make sure your Medicare clients know about it.
Identity theft is a serious problem in the modern world. To minimize the risk, people are warned to keep sensitive information private – but that’s difficult to do when your Social Security Number is written on your Medicare card. This is why CMS will start issuing new Medicare cards that do not include Social Security Numbers.
Topics: Medicare ID cards
An average of around 38 million individuals are enrolled in original Medicare each month according to the CMS Medicare Enrollment Dashboard. Including Medicare Advantage and other health plans, that figure jumps to around 57 million. As such a large program, it’s no wonder Medicare is the target of a variety of scams and fraudulent practices.
Topics: Medicare scams