Clarification on Lumico’s Underwriting Process It has been mentioned by several agents that during the underwriting process Milliman RX Rules has been making underwriting decisions, based on the drugs they show for an individual applying for Lumico’s medicare supplement plans. We believe this is happening because when a client is declined due to a particular drug or combination of drugs we suggest the applicant contact Milliman to see and confirm the drugs they have listed are actually correct. The results received from Milliman are then reviewed by Lumico for a underwriting decision. Milliman in no way makes these underwriting decisions
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Lumico Rate Adjustment (Indiana)
Lumico received approval for a rate adjustment in Indiana, effective September 1, 2019. Any application dated on or after August 9, 2019 requesting a policy effective date before September 1, 2019 will receive the current rates. Any application dated on or after August 9, 2019 requesting a policy effective date of September 1, 2019 or after will receive the new rates. Lumico Rate Adjustment State Plan A Plan F Plan G Plan N Indiana 4% 4% 4% 4% Click here for a copy of the new rates. Lumico — Insurance Made Clear. #goldencareagent #lumico
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MACRA Changes
As carriers begin to release High Deductible G rates for MACRA, CSG Actuarial will be adding them to the MarketAdvisor quoting tool. Agents can select High Deductible G from the plan selection list, but must enter an effective date of 1-1-2020 to view results. CSG Actuarial is tracking each state’s progress on implementing MACRA-related changes. Click here to download our MACRA Tracking Grid. To learn more about MACRA, download the NAIC’s frequently asked questions here. MACRA Changes #goldencareagent #csgactuarial
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New Carrier Added to CSG E-Application Platform
On July 1, CSG Actuarial added Heartland National Life Insurance Company to the Medicare Supplement E-Application Platform. Agents can submit applications in 10 states – DE, IA, MD, NC, ND, NM, OH, PA, SD and WV. Heartland offers Plans A, G, N in all 10 states with a subset of states offering Plans B and/or C. Heartland will be releasing additional states later this year. Heartland National Life is the third carrier to be added to the E-Application Platform. Aetna and Mutual of Omaha companies were added earlier this year. CSG Actuarial is excited about the expansion of our E-Application
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Everything GTL Right at Your Fingertips
The redesigned GTLink is the new central hub to access everything you need! Check Out the New GTLink • Download/Order Forms • Watch Agent Training Videos • View Your Mailbox • View Recent Business • Access Consumer Marketing • View Your Commissions How to Access the New GTLink: Log in to GTL’s Agent Portal or the e-App on your mobile device Tap the new GTLink button on the home screen Don’t have the GTL e-App? Download it now for your Apple or Android device! Everything GTL Right at Your Fingertips #goldencareagent #gtl
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Accident Insurance, Critical Illness, Guarantee Trust Life, Hospital Indemnity Plan, Industry News, Medicare Supp./Adv., and Short-Term Care.
agent portal, Critica; Cash, critical illness, GTL, Guarantee Trust Life, HHC, home health care, Hospital Indemnity, insurance, Medicare Supplement, Short-Term Care, and STC.
agent portal, Critica; Cash, critical illness, GTL, Guarantee Trust Life, HHC, home health care, Hospital Indemnity, insurance, Medicare Supplement, Short-Term Care, and STC.
AM Best Upgrades GTL’s Financial Strength Rating to A-
We are extremely excited to announce that AM Best has upgraded GTL’s Financial Strength Rating to A- (Excellent) from B++ (Good) by AM Best! GTL’s Long Term Issuer Credit Rating was also upgraded to “a-“. In today’s press release, AM Best noted that the upgrade reflects GTL’s strong balance sheet strength as well as our strong operating performance. It also stated that “The ratings upgrade for GTL reflects favorable long-term trend of operating results attributed to its hospital indemnity product, Medicare Supplement and its short-term care premium growth.” View the Full Press Release From all of us at
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Don’t Forget About Our Broker Bonus Program!
Don’t forget! You can make even more bucks on your Medicare supplement and SELECT underwritten business through our 2019 3rd Quarter Broker Bonus Program. Here are the nuts and bolts: Qualification Period: Bonus Program period is from July 1, 2019 to September 30, 2019. Eligible states: Payment will be made on qualified applications in the following states: Alabama Indiana* Montana* Ohio** Texas** Arizona Iowa Nebraska Oklahoma Utah Colorado Kentucky Nevada Oregon Virginia Florida Louisiana New Jersey Pennsylvania West Virginia Georgia Maryland New Mexico South Carolina* Wisconsin* Idaho Mississippi North Carolina South Dakota Illinois Missouri* North Dakota Tennessee**
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Gerber Life Discontinuing Medicare Supplement New Business Sales
July 03, 2019 Closing New Business Effective August 1, 2019 Gerber Life Insurance Company will no longer accept new business applications for Medicare supplement sales. Inforce Business There is no impact to existing business. Gerber Life will continue to service all existing Medicare supplement policies. Agent Contracting New producer contracts will no longer be accepted for Medicare supplements as of July 3, 2019. Medicare supplement contracts and appointments will be terminated. Agents contracted with Gerber Life to sell both Medicare supplement and Gerber’s other product lines will only have their Medicare supplement contract terminated. The agent’s Gerber appointment for life/health
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Lumico MACRA Revised Outlines of Coverage
In compliance with the requirements of the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA), the Outline of Coverage has been revised. The benefit chart has been revised to reflect Plan C and F are only available to applicants that were first eligible for Medicare before January 1, 2020. Agents should begin using the revised outlines effective July 1, 2019 since this is the earliest date open enrollment applicants may start applying for coverage with a January 1, 2020 effective date. Click HERE to view, download and print the revised Outlines of Coverage. Visit my.aimc.net to order additional supplies.
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Industry News, Lumico, and Medicare Supp./Adv..
Lumico, MACRA, Med Supp, medicare, and Medicare Supplement.
Lumico, MACRA, Med Supp, medicare, and Medicare Supplement.
New and Improved Drug & Underwriting Filter
FIELD UNDERWRITING IN AN INSTANT. No more wasting time with clients answering questions about drugs and health conditions. The new Drug and Underwriting Filter on our CSG Actuarial tool assists you with field underwriting and populates only carriers able to underwrite the condition/medication. After login, the client input screen for a quote now includes a “Show Advanced” link in the bottom corner. Click to open a lower section to specify conditions and medications. Already ran your quote? Add conditions & medications after the fact using the “App. Health Questions” Section on the left. Not familiar with CSG Actuarial, or
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