2020 Copay and Deductibles

The Center for Medicare and Medicaid Services (CMS) has announced the 2020 Medicare Premiums and Copay/Deductibles. Medicare Part B Premium The Medicare Part B standard monthly premium will be $144.60 in 2020, compared to $135.50 in 2019. Note: The income-related Part B premiums for 2020 will vary depending on the extent to which an individual beneficiary’s income exceeds $87,000 (or a married couple’s income exceeds $174,000). 2020 Income Level-File Individual 2020 Income Level-File Joint 2020 Part B Premium Less than or equal to $87,000 Less than or equal to $174,000 $144.60 Greater than $87,000 and less than or equal to
Read More

Categories: Industry News, Medicare Supp./Adv., and Mutual of Omaha (& Affiliates).

Care Solutions News from OneAmerica

Quick reads Have you heard? Asset Care® is now available in more states As of Sept. 23, our updated Asset Care® product is now available in Arizona, Connecticut, Delaware, Hawaii, New Jersey, North Dakota and South Dakota. We’ve also made changes in Montana, Washington D.C., and California. Read on for full details. Now available: Online scheduling for LTCG interviews Our Care Solutions interview vendor, LTCG, has launched a new scheduling function so clients can now easily schedule interviews online. Once the agent has contacted LTCG and ordered the interview, the client can go to https://scheduling.ltcg.com/OneAmerica to schedule their interview at
Read More

Categories: Industry News, Linked Benefit/Hybrids, and OneAmerica.

Enrollment tips: Use correct Medicare IDs and fax #s | Check app status

It’s easy to check application status online To check the status of your submitted MA/MAPD enrollment applications, just go to the Individual Medicare page on Producer World and click on Reporting. The Pending Application report shows applications being processed. Once approved, applications appear on the Medicare Book of Business report. These reports are easy to review online or you can download copies of the reports to your computer. Please note: We’re working to correct an issue affecting 11 MA/MAPD plans in our Producer World reports. Currently, our reports are showing the 2019 plan names for these 11 plans, instead of
Read More

Categories: Aetna, Industry News, and Medicare Supp./Adv..

IMPORTANT: MACRA 2020 changes

REMINDER — 2020 MEDICARE CHANGES During annual enrollment, it’s crucial to understand how the new MACRA regulation could be impacting your business. Clients will no longer be able to purchase Medicare Supplement Insurance Plans C or F if they are newly eligible for Medicare benefits on, or after, January 1, 2020. To see all 2020 Medicare changes, click here. Lastly, the Medicare Supplement Premium Calculator has been decommissioned. For quotes, please log in to myTransware on the TA ANI agent portal or use your rate sheets. Log in to TA ANI   Thank you again for your continued hard work
Read More

Categories: Industry News, Long-Term Care, and Transamerica.

New DVH Product In AK / POS Tool & Member Portal Updates

SureBridge Products Releasing on Wednesday, October 30 • Prime DVH* — AK Please refer to the Supplemental Product & UW Guide, training guides, and brochures on the Broker Portal for product details. See our chart for SureBridge product availability by state.   * Prime DVH Training To best serve our customers, please complete the Prime DVH training module prior to selling this product. To verify that you have completed the course, click on the “SB University” tab from the Home page of your Broker Portal. The course will show as “Completed” under the “My Learning” page. If it is not
Read More

Categories: Dental, Industry News, and SureBridge.

Good News | Long-Term Care Awareness Tools, Brochures & Presentation

Let’s Get A Conversation Going! LTC Awareness Month gives you the perfect opportunity to talk to people about the need for long-term care planning. And while it’s not always a subject everyone is eager to talk about, it’s one that’s too important to ignore. Mutual of Omaha has the tools you need to begin this important conversation, including tips on how to get people talking plus a variety of materials – flyers, brochures even a short presentation to help you highlight the importance of planning for long-term care. Time to Start the Conversation Read Full Good News Announcement Questions? Call
Read More

Categories: GoldenCare News, Industry News, Long-Term Care, and Mutual of Omaha (& Affiliates).

“Long-term care resident Medicare beneficiaries spend $22,384 out of pocket for healthcare annually: study”

“Long-term care resident Medicare beneficiaries spend $22,384 out of pocket for healthcare annually: study,” by Lois A. Bowers, McKnight’s Senior Living “Residents of long-term care facilities who have traditional Medicare coverage spent an average of $22,384 out of pocket for healthcare in 2016, the latest data available, according to a new analysis of Centers for Medicare & Medicaid Services data by the Kaiser Family Foundation. In the study, ‘long-term care facility’ was defined to include assisted living, personal care facilities and retirement homes …. Eighty-eight percent of the out-of-pocket healthcare costs for long-term care residents, or $19,632, went toward the cost of long-term care
Read More

Categories: Clippings, Industry News, and Long-Term Care.

“12% of Medicare Advantage Plans Will Offer Expanded Supplemental Benefits in 2020″

“12% of Medicare Advantage Plans Will Offer Expanded Supplemental Benefits in 2020,” by Robert Holly, Home Health Care News “The Medicare Advantage boom for home care is almost here. Ever since the Centers for Medicare & Medicaid Services (CMS) first expanded the scope of Medicare Advantage (MA) supplemental benefits in April 2018, at-home care providers have been trying to figure out they fit into a potentially new reimbursement puzzle. … Overall, at least 364 plans will take advantage of CMS’s more flexible MA policies in 2020, according to the Milliman study, which was commissioned by the Washington, D.C.-based Better Medicare Alliance.
Read More

Categories: Clippings, Industry News, and Long-Term Care.

Reminder! Product portfolio changes and 2017 CSO updates

2017 CSO Updates: Important dates and transition timelines Beginning January 1, 2020, any new life products issued must use the 2017 Commissioners Standard Ordinary (CSO) Table. In an effort to streamline our product offerings and launch new, innovative life insurance products, there will be some changes to our product lineup through the end of the year (2019). Below is a summary of current products and corresponding replacements and retirements. Products that are already 2017 CSO/PBR (Principal-Based Reserving) compliant are excluded from this list. Indexed Universal Life (IUL) Current product Replacement product (2017 CSO/PBR compliant) Orion IUL Eclipse Accumulator IUL (coming
Read More

Categories: Industry News, Linked Benefit/Hybrids, and Securian.

Medicare Supplement Plans and Third Party Payments

Medicare Supplement Plans and Third Party Payments As of October 1, 2019, Humana will not accept premium payments received from third parties on behalf of our individual customers for Medicare Supplement policies or products, except in specific circumstances and as required by state and/or federal law. Premium payments will only be accepted from third parties on behalf of individual customers as required by law or in specific circumstances, such as: A Group Association, or Company that is providing retiree benefits via a health reimbursement account or that meets Humana’s requirements to be list billed; A Family Member of the policyholder;
Read More

Categories: Humana, Industry News, and Medicare Supp./Adv..