The high cost of prescriptions is a problem for many Americans, especially among the senior population. According to a KFF Health Tracking Poll, 24 percent of seniors who take prescriptions say it’s hard for them to afford their medicine.
Medicare has been around since 1965 and serves more than 60 million people. The program has been very successful, and now people are talking about expanding it. Current proposals include both expanding the benefits offered and expanding the people who are eligible for coverage.
Topics: Medicare expansion
Special Needs Plans (SNPs) are on the rise, and D-SNPs in particular are becoming much more common. When you become knowledgeable about Special Needs Plans, you position yourself to serve more clients and to bolster your post-AEP income.
Warn your clients: Medicare costs will be increasing in 2020. CMS has released an announcement on Medicare Part A and Medicare Part B premiums, deductibles and coinsurance amounts for 2020. The amounts are increasing.
Topics: Medicare costs
Do your clients need extra help paying for their Medicare prescription coverage? Make sure they know about Low Income Subsidies, often called Extra Help, which can help Medicare enrollees with their costs. The Low Income Subsidy resource limits for 2020 have been announced, so this is a great time to remind your clients about this important source of financial assistance.
The Medicare Plan Finder has been redesigned, and this means that Medicare enrollees need to re-enter their drug lists. While these changes are creating some confusion, don’t use them as an excuse to look confused! This is an opportunity for great agents to stand out by showing an added level of professionalism.
Topics: Medicare drug list
CMS has been rolling out new online tools. While many of these are improvements that have been sorely needed, the transition can result in some confusion and glitches. Some of the biggest problems have involved the redesigned Medicare Plan Finder. As of October 1, the legacy version is no longer available, meaning everyone will need to use the new Plan Finder this annual election period.
Topics: WAP leadership transition
Everyone knows that follow-up is part of the sales process, fine and good. But how do you pull it off in a way that helps to seal the deal - without making you feel like a bother?
Topics: Medicare Sales