Medicare Supplement Market Overview. Stacy Varney VP, Marketing & Account Management
|
|
|
- Madlyn McBride
- 8 years ago
- Views:
Transcription
1 Medicare Supplement Market Overview Stacy Varney VP, Marketing & Account Management
2 Proprietary Notice The material contained in this presentation has been prepared solely for informational purposes by Gen Re. The material is based on sources believed to be reliable and/or from proprietary data developed by Gen Re, but we do not represent as to its accuracy or its completeness. The content of this presentation is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances. Actuarial Club of the Southwest Spring 2015 Meeting Stacy Varney June 25, 2015 Proprietary and Confidential General Re Life Corporation 2
3 Agenda Demographic Data Med Supp Overview Med Supp Market Data Med Supp Experience Med Supp Consumer Study Why Med Supp? Entering the Med Supp Business Actuarial Club of the Southwest Spring 2015 Meeting Stacy Varney June 25, 2015 Proprietary and Confidential General Re Life Corporation 3
4 Medicare Supplement Overview Facts about Baby Boomers 10,000 people a day will turn 65 for the next 15 years** 65+ population projected to double to 71.5M by 2030 & grow to 86.7M by 2050 (possibly 80M on Medicare) Source: Gen Re, **Pew Research Center Recent Industry Growth Source: The Future of Medicare Supplement, CSG Actuarial 2013 new Medicare Supplement sales $3.35B (8% growth over 2012); 2014 est. $3.5B-$3.6B* Expected new lives growth 3-4% per year In 2012 there were 10.5 million people with Medicare Supplement policies. That number is expected to grow to 13 million in 2017 and 16.6 million in 2022.** Source: U.S. Medicare Supplement Survey,2013/ 2014 Results, *CSG Actuarial, **CNN.com Actuarial Club of the Southwest Spring 2015 Meeting Stacy Varney June 25, 2015 Proprietary and Confidential General Re Life Corporation 4
5 Medicare Supplement Overview Timeline Source: PPACA Helps Drive Medicare Trends Down Is This Good News for Medigap?, Rob Himmelstein, Gen Re, 2015 Actuarial Club of the Southwest Spring 2015 Meeting Stacy Varney June 25, 2015 Proprietary and Confidential General Re Life Corporation 5
6 Medicare Supplement Overview Financial Measures Financial Measures Average Annual Premium Med Supp $1500 at age 65, inc 3% per year Loss Ratio 65%-75% (minimum 65%) Commissions 25-28% Yrs 1-6, 2-10% Yrs 7+ Lifetime pretax profit margin Capital Admin Expenses Lapses Mortality 5-8% of premium 12.5% of premium, flat 6-10% of premium annually 8-15% annual, varies by dur Standard Actuarial Club of the Southwest Spring 2015 Meeting Stacy Varney June 25, 2015 Proprietary and Confidential General Re Life Corporation 6
7 Medicare Supplement Overview Medicare is health insurance for: People 65 or older People under 65 with certain disabilities People of any age with End-Stage Renal Disease (ESRD) (permanent kidney failure requiring dialysis or a kidney transplant) Open Enrollment Period A one-time-only, 6-month period when federal law allows an individual to buy any Medigap policy they want that s sold in their state. Starts in the first month that they re covered under Medicare Part B, and are 65 or older. During this period, they can t be denied a Medigap policy or charged more due to past or present health problems. Some states may have additional Open Enrollment rights under state law. Actuarial Club of the Southwest Spring 2015 Meeting Stacy Varney June 25, 2015 Proprietary and Confidential General Re Life Corporation 7
8 Medicare Supplement Overview Med Supp Plans Medicare Supplement Insurance (Medigap) is private health insurance that helps supplement Original Medicare. This means it helps pay some of the health care costs that Original Medicare doesn t cover (like copayments, coinsurance, and deductibles). These are gaps in Medicare coverage. Note: in 2013 Plan F represented 60% Sales and 70% In-force Premium Actuarial Club of the Southwest Spring 2015 Meeting Stacy Varney June 25, 2015 Proprietary and Confidential General Re Life Corporation 8
9 Medicare Supplement Market Data Source of 2014 Sales Premium and Lives 2014 Sales Premium and Lives by Plan Type 100% % of Companies Reporting Sales % of Premium Sold % of Lives Sold 75% 50% 25% 0% Plan A Plan B Plan C Plan D Plan F Plan HiF Plan G Plan K Plan L Plan M Plan N Waiver States Source: Gen Re, U.S. Medicare Supplement Market Survey 2014/2015 Results Actuarial Club of the Southwest Spring 2015 Meeting Stacy Varney June 25, 2015 Proprietary and Confidential General Re Life Corporation 9
10 (in Billions) Medicare Supplement Market Data Size of the Market Inforce Number of Parent Companies: 194 Number of Writing Companies: 304 Inforce Premium: $24.7 Billion Total Sales Last 3 Years (12, 13, 14) Number of Parent Companies: 124 Number of Writing Companies: 195 Total Sales (Rolling 3-Year): $7.8 Billion $8.54 Top 5 Parent Companies (by Inforce Premium) $2.22 $1.43 $1.36 $0.82 Source: NAIC UnitedHealth Group Mutual of Omaha Group Anthem Inc. Group HCSC Group CNO Financial Group Actuarial Club of the Southwest Spring 2015 Meeting Stacy Varney June 25, 2015 Proprietary and Confidential General Re Life Corporation 10
11 Medicare Supplement Market Data Medicare Supplement Past & Projected Enrollment Trends Medicare Supplement Enrollment (1000s) Source: NAIC Med Supp study and other CSG Actuarial data. Actuarial Club of the Southwest Spring 2015 Meeting Stacy Varney June 25, 2015 Proprietary and Confidential General Re Life Corporation 11
12 Medicare Supplement Market Data Medicare Supplement Annualized New Premium Medicare Supplement Annualized New Premium (1000s) Annualized New Premium 2014 = $3.6 Billion Source: NAIC Med Supp study and other CSG Actuarial data. Actuarial Club of the Southwest Spring 2015 Meeting Stacy Varney June 25, 2015 Proprietary and Confidential General Re Life Corporation 12
13 Medicare Supplement Market Data Medicare Supplement Annualized New Premium Past and Projected Medicare Supplement Annualized New Premiums (1000s) Source: NAIC Med Supp study and other CSG Actuarial data. Actuarial Club of the Southwest Spring 2015 Meeting Stacy Varney June 25, 2015 Proprietary and Confidential General Re Life Corporation 13
14 Medicare Supplement Market Data Medicare Supplement Earned Premiums Past and Projected Medicare Supplement Earned Premiums (Past and Projected) Source: NAIC Med Supp study and other CSG Actuarial data. Actuarial Club of the Southwest Spring 2015 Meeting Stacy Varney June 25, 2015 Proprietary and Confidential General Re Life Corporation 14
15 Medicare Supplement Market Data Premium By Source Percentage of 2014 Sales Premium (by Source) 100% Open Enrollment Guarantee Issue Underwritten 75% 36% 50% 25% 25% 39% 0% Total Source: Gen Re, U.S. Medicare Supplement Market Survey 2014/2015 Results Actuarial Club of the Southwest Spring 2015 Meeting Stacy Varney June 25, 2015 Proprietary and Confidential General Re Life Corporation 15
16 Number of Companies Medicare Supplement Experience Profit and Loss Ratio Profit (Percentage of companies with positive profit margins, by year) Loss Ratio <65% 65% to 70% 71% to 75% 76% to 80% 81% to 85% >85% 94% 87% 80% Source: Gen Re, U.S. Medicare Supplement Market Survey, 2012/2013 Results; 2013/2014 Results; 2014/2015 Results Actuarial Club of the Southwest Spring 2015 Meeting Stacy Varney June 25, 2015 Proprietary and Confidential General Re Life Corporation 16
17 Medicare Supplement Experience 2013 vs Average Claims Trend (For Companies Providing Data in Both Years) % 2.9% 4.1% 4.4% 1992 Standardized Plans 2010 Standardized Plans Source: Gen Re, U.S. Medicare Supplement Market Survey 2014/2015 Results Actuarial Club of the Southwest Spring 2015 Meeting Stacy Varney June 25, 2015 Proprietary and Confidential General Re Life Corporation 17
18 Average Claims Cost Medicare Supplement Experience Average Claims Cost by Application Type and Policy Duration $230 Open Enrollment Underwritten Guarantee Issue $200 $170 $140 $110 $80 $50 1 year or less >1 to 2 years >2 to 6 years >6 to 10 years >10 years Source: Gen Re, 2014 U.S. Medicare Supplement Experience Study Actuarial Club of the Southwest Spring 2015 Meeting Stacy Varney June 25, 2015 Proprietary and Confidential General Re Life Corporation 18
19 Average Lapse Rate Medicare Supplement Experience 40% 25% Average Claim Cost (per member/per month) Average Lapse Rates (by rate (by increase policy duration) approved) Average Median Min Max 21.0% 35% 20% 30% 25% 20% 15% 15% 10% 12.8% 10.5% 11.0% 10.6% 9.2% 12.5% 12.2% 12.7% 12.8% 14.8% 10% 5% 5% 0% 0% No rate change Increase of 3% or Increase greater Increase greater Increase greater Increase greater 1 year or less (R=10) (R=20) >1 less to 2 years (R=10) (R=23) than >2 3% to 6 to years 6% (R=22) than 6% >6 to to 9% 10 years than (R=22) 9% to 12% >10 years than (R=21) 12% (R=4) (R=13) (R=12) (R=10) Source: Gen Re, 2014 U.S. Medicare Supplement Experience Study Actuarial Club of the Southwest Spring 2015 Meeting Stacy Varney June 25, 2015 Proprietary and Confidential General Re Life Corporation 19
20 Medicare Supplement Experience Lapse Rate by Application Type 30% Average Median Min Max 25% 20% 15% 10% 11.9% 15.4% 13.8% 5% 0% Open Enrollment (R=11) Underwritten (R=11) Guarantee Issue (R=10) Source: Gen Re, 2014 U.S. Medicare Supplement Experience Study Actuarial Club of the Southwest Spring 2015 Meeting Stacy Varney June 25, 2015 Proprietary and Confidential General Re Life Corporation 20
21 Medicare Supplement Experience Phone interview Prescription database tool Height & weight factor Automatic decline for insulin R=37 Utilization of Underwriting Tools Percentage of Companies Utilizing 2014 Metrics for These Underwriting Tools Underwritten Application Perscription Database Tool Phone Approved Interview and Placed Attending Physician Statements Medical Information Bureau Database Approved but Not Taken Total Total 56% 75.0% 74% 31% 3.5% 13% Attending physician statements MIB Database Automated underwriting system Source: Gen Re, U.S. Medicare Supplement Market Survey, 2012/2013 Results; 2013/2014 Results; 2014/2015 Results Actuarial Club of the Southwest Spring 2015 Meeting Stacy Varney June 25, 2015 Proprietary and Confidential General Re Life Corporation 21
22 Medicare Supplement Consumer Study Consumers who work with an agent are significantly more likely to select a company they have not used before Consumers Level of Knowledge with Selected Insurance Company 100% 75% 50% 25% 0% 31% 52% 17% Assistance 48% 45% 7% No Assistance Used company before Heard of but not used Never heard of company Source: Gen Re, Medicare Supplement Consumer Research, 2014 Actuarial Club of the Southwest Spring 2015 Meeting Stacy Varney June 25, 2015 Proprietary and Confidential General Re Life Corporation 22
23 Medicare Supplement Consumer Study Agents typically work with their clients on just medical insurance Work with agent on things other than medical insurance? Yes 21% No 79% How Consumer Connected With Their Agent Recommended by friend/family 37% Consumer contacted professional based on ad/mailer Professional contacted consumer without any prior conversations 20% 17% Through employer 4% Other 22% Other included agent an existing friend, random online search, doctor or financial planner recommendation Source: Gen Re, Medicare Supplement Consumer Research, 2014 Actuarial Club of the Southwest Spring 2015 Meeting Stacy Varney June 25, 2015 Proprietary and Confidential General Re Life Corporation 23
24 Why Sell Medicare Supplement Insurance? Diversify Portfolio Alternative Revenue & Earnings Opportunity Med Supp Attract & Retain Customers Expand Distribution Actuarial Club of the Southwest Spring 2015 Meeting Stacy Varney June 25, 2015 Proprietary and Confidential General Re Life Corporation 24
25 Entering the Medicare Supplement Business 1 Low capital investment is possible 2 Partnering with an expert is key to success 3 4 A carrier can be as involved as they want Turn-key solutions are available Actuarial Club of the Southwest Spring 2015 Meeting Stacy Varney June 25, 2015 Proprietary and Confidential General Re Life Corporation 25
26 The Gen Re Advantage IN THE MED SUPP BUSINESS FOR OVER 20 YEARS In-House Resources Actuarial Underwriting Claims GEN RE $300 MILLION INFORCE BLOCK OF BUSINESS Market Partners Pricing Distribution A Consultative Approach Administration Actuarial Club of the Southwest Spring 2015 Meeting Stacy Varney June 25, 2015 Proprietary and Confidential General Re Life Corporation 26
27 Stacy Varney Visit genre.com for more info.
Medicare Supplement. Southeastern Actuaries Conference Annual Meeting November 19 21, 2014. Robert Himmelstein, Second Vice President ASA, MAAA
Medicare Supplement Southeastern Actuaries Conference Annual Meeting November 19 21, 2014 Robert Himmelstein, Second Vice President ASA, MAAA Proprietary Notice The material contained in this presentation
What is a Medicare Advantage Plan?
CENTERS FOR MEDICARE & MEDICAID SERVICES What is a Medicare Advantage Plan? A Medicare Advantage Plan (like an HMO or PPO) is a way to get your Medicare benefits. Unlike Original Medicare, in which the
What is Medicare? The Different Parts of Medicare
Medicare and You The Different Parts of Medicare A Medicare Part A Hospital Insurance Inpatient care at hospitals, skilled nursing facility*, hospice and home health care. What is Medicare? Medicare is
John R. Kasich, Governor Mary Taylor, Lt. Governor/Director. Medicare Supplement Vs. Medicare Advantage
John R. Kasich, Governor Mary Taylor, Lt. Governor/Director Medicare Supplement Vs. Medicare Advantage Medicare Supplement vs Medicare Advantage? Option 1 Option 2 Original Medicare Part A and Part B +
Guide to Medicare MEDICARE BASICS. Presented by
Guide to Medicare MEDICARE BASICS Presented by 14 Medicare Basics What Is Medicare? Medicare is health insurance for the following: People 65 or older People under 65 with certain disabilities People of
Medicare has four components, Part A, Part B Part C and Part D:
Medicare What is Medicare? Medicare is a National Health Insurance Program for people 65 years of age and older Certain persons with disabilities under the age of 65 People with end stage renal disease
What s Medicare? What are the different parts of Medicare?
Revised June 2014 What s Medicare? Medicare is health insurance for: People 65 or older People under 65 with certain disabilities People of any age with End-Stage Renal Disease (ESRD) (permanent kidney
SERIP & Medicare. What are your options if you drop your State of Iowa Retiree Insurance?
SERIP & Medicare What are your options if you drop your State of Iowa Retiree Insurance? Presented by Senior Health Insurance Information Program Iowa Insurance Division 1-800-351-4664 What is SHIIP? Objective
Medicare Benefits. As of 2012, approximately 50 million people were Medicare beneficiaries.
Medicare Benefits Medicare is the federal health insurance program for people age 65 and older, and those of all ages with certain disabilities, End-Stage Renal Disease (ESRD), or Lou Gehrig s disease
Doris Irvine 1-877-310-6560 BUREAU OF INSURANCE STATE CORPORATION COMMISSION COMMONWEALTH OF VIRGINIA
Doris Irvine 1-877-310-6560 BUREAU OF INSURANCE STATE CORPORATION COMMISSION COMMONWEALTH OF VIRGINIA 1300 EAST MAIN STREET (23219) P.O. BOX 1157 (23218) RICHMOND, VA 4/09 State Corporation Commission
Health Matters. A Guide for Medicare-Eligible Health Care Options. Important health plan information enclosed.
Health Matters A Guide for Medicare-Eligible Health Care Options Important health plan information enclosed. Why am I receiving this booklet? Through Lockton Select Marketplace, we are able to offer a
What s a Medicare Advantage Plan?
Revised April 2015 What s a Medicare Advantage Plan? You can get your Medicare benefits through Original Medicare, or a Medicare Advantage Plan (like an HMO or PPO). If you have Original Medicare, the
Medicare Advantage Plans
Searching for Medicare Advantage Plans On the Medicare.gov Plan Finder 300 S. Adams Street, Green Bay, WI 920 448 4300 TTY: 920 448 4335 www.adrcofbrowncounty.org Page 2 of 9 Important Considerations:
Medicare Factsheet What is Medicare? Original Medicare (Part A and Part B) Medicare Advantage Plan (Part C) Prescription Drug Plans (Part D),
Medicare Factsheet If you are enrolled in Medicare, you do not need to do anything with Covered California. If you have Medicare you are covered. No matter how you receive your Medicare benefits, whether
Health Matters. A Guide for Medicare-Eligible Healthcare Options. Important health plan information enclosed.
Health Matters A Guide for Medicare-Eligible Healthcare Options Important health plan information enclosed. Why am I receiving this booklet? Brookhaven Science Associates (BSA) has decided to offer SelectQuote
Medicare Factsheet. September 2, 2015 Page 1 of 6
Medicare Factsheet If you are enrolled in Medicare, you do not need to do anything with Covered California. If you have Medicare you are covered. No matter how you receive your Medicare benefits, whether
Solutions for Today Flexibility for Tomorrow.
Solutions for Today Flexibility for Tomorrow. Medicare Products and Services For More Information call our Senior Care Specialist, Raun Lynch at 856.380.5079 Or visit us on the web at www.cbdi-inc.com
The Pennsylvania Insurance Department s. Your Guide to Choosing a MEDIGAP POLICY. Understanding Medigap
Your Guide to Choosing a MEDIGAP POLICY Understanding Medigap Medigap is private health insurance designed to help pay healthcare costs that aren t covered by Medicare. Each Medigap plan covers different
Health Meeting June 10-12, 2013 Baltimore, MD. Session 7 PD, Changes Coming to Medicare Supplement and Medicare Advantage
Health Meeting June 10-12, 2013 Baltimore, MD Session 7 PD, Changes Coming to Medicare Supplement and Medicare Advantage Moderator: Ivy Dong, FSA, MAAA Presenters: T Scott Bentley FSA,MAAA Mark J Cary
Medicare 101 Guide Your Guide to Medicare Basics
Medicare 101 Guide Your Guide to Medicare Basics Y0013_16_MEDGUI Accepted 11232015 bcbstmedicare.com Get More from Your Medicare This guide helps you understand how Medicare s different parts work and
Medicare Advantage Plans. On the Medicare.gov Plan Finder
Medicare Advantage Plans On the Medicare.gov Plan Finder Important Considerations: 2 Before you enroll, REVIEW YOUR MEDICARE CHOICES!! (If you are certain you want a Medicare Advantage Plan, skip to page
Medicare Supplement Projection and Analysis
M e d i c a r e S u p p l e m e n t 2010-2020 Market Projection By Bryan R. Neary FSA, MAAA and Brynn Korolchuk, MBA Research Paper 1 Introduction The Medicare Supplement market appears to offer long-term
For issues on or after June 1, 2010, Medicare Supplement Basic Benefit Plans A, B, C, D, F, G, M, and N coverage includes:
1. What are the basic benefits on a Medicare Supplement Policy? For issues on or after June 1, 2010, Medicare Supplement Basic Benefit Plans A, B, C, D, F, G, M, and N coverage includes: a.) First 3 Pints
About to Retire: Preparing for Medicare Patient Financial Services Agenda Medicare Enrollment Covered Services Medicare-covered covered Preventive Services Agenda, continued Advance Beneficiary Notice
Private Fee-For-Service ----- Beneficiary Questions and Answers
Private Fee-For-Service ----- Beneficiary Questions and Answers 1. What Is a Private Fee-For-Service Plan? A Private Fee-For-Service plan is a Medicare Advantage health plan offered by a private insurance
Coverage Basics. Your Guide to Understanding Medicare and Medicaid
Coverage Basics Your Guide to Understanding Medicare and Medicaid Understanding your Medicare or Medicaid coverage can be one of the most challenging and sometimes confusing aspects of planning your stay
Health Matters. A Guide for Medicare-Eligible Retirees
Health Matters A Guide for Medicare-Eligible Retirees Why am I receiving this booklet? We have decided to offer SelectQuote Senior s insurance exchange. We are committed to helping you make smart choices.
Medicare and People with End Stage Renal Disease (ESRD)
FACT SHEET Medicare and People with End Stage Renal Disease (ESRD) (I-002) p. 1 of 7 Medicare and People with End Stage Renal Disease (ESRD) If you have end stage renal disease (ESRD) or permanent kidney
Vermont Blue 65. Coverage for Vermonters with Medicare. 2016 Medicare Supplemental Products. Group Brochure. An independent, local Vermont company
Vermont Blue 65 SM Coverage for Vermonters with Medicare 2016 Medicare Supplemental Products Group Brochure An independent, local Vermont company Three smart steps to quality health care after retirement:
Return of Premium Term
Return of Premium Term Actuaries Club of the Southwest, Spring Meeting June 9, 2005 Houston Jason Kehrberg, Tillinghast, a business of Towers Perrin David Rains, Transamerica Reinsurance Towers Perrin
Medicare At A Glance. State Health Insurance Assistance Program (SHIP)
2015 Medicare At A Glance Indiana 2015 State Health Insurance Assistance Program (SHIP) Who runs the Medicare Program? The Centers for Medicare & Medicaid Services (CMS) is the Federal agency that runs
How Companies Underwrite Medicare Supplement: An insurance carrierʼs perspective. By Jill M. Burns FSA, MAAA Chief Actuary#
How Companies Underwrite Medicare Supplement: An insurance carrierʼs perspective By Jill M. Burns FSA, MAAA Chief Actuary# 1 Medico Considerations What premium rate and rate increase strategy? Ü Competitively
John R. Kasich, Governor Mary Taylor, Lt. Governor/Director. Medicare Supplement Webinar
John R. Kasich, Governor Mary Taylor, Lt. Governor/Director Medicare Supplement Webinar 1 Agenda Medicare Supplement Basics What is a Medigap policy Standard Plans Important terms to know Who can buy Open
Harvard Pilgrim s. Medicare Supplement Plan. Simple, smart solutions to supplement your Medicare coverage. Massachusetts
Harvard Pilgrim s Medicare Supplement Plan Simple, smart solutions to supplement your Medicare coverage Massachusetts Coverage underwritten by HPHC Insurance Company, an affiliate of Harvard Pilgrim Health
How To Buy A Medigap Policy
CENTERS FOR MEDICARE & MEDICAID SERVICES 2009 Choosing a Medigap Policy: A Guide to Health Insurance for People with Medicare This official government guide has important information about the following:
Choosing a Medigap Policy:
CENTERS FOR MEDICARE & MEDICAID SERVICES 2010 Choosing a Medigap Policy: A Guide to Health Insurance for People with Medicare This official government guide has important information about the following:
2015 National Training Program. Session Objectives. Lesson 1 Introduction to Medigap. Medicare Program Overview Medigap Overview
2015 National Training Program Module 3 Medigap (Medicare Supplement Insurance) Policies Session Objectives This session should help you Explain what Medigap policies are Recognize key Medigap terms Relate
Medicare Supplement (Medigap) Coverage for Medicare Beneficiaries
Medicare Supplement (Medigap) Coverage for Medicare Beneficiaries Brian Webb Manager, Health and Life Policy Nat l Assoc. of Insurance Commissioners February 6, 2009 Original Medicare Created in 1965,
Medicare Explained (For the rest of us!) A plain English version
Produced by & Not affiliated with any Government Agency A Brief History of Medicare Medicare is a national social insurance program, administered by the U.S. federal government since 1965, that guarantees
I wanted to understand the Medicare program basics. This presentation really helped.
Welcome to Medicare 101! I wanted to understand the Medicare program basics. This presentation really helped. What is Medicare? What benefits does Medicare cover? What benefits doesn t Medicare cover?
Return of Premium Term
Return of Premium Term Southeastern Actuaries Conference November 11, 2004 Dominique LeBel Direct Dial: (860) 843-7161 Towers Perrin Agenda ROP Term in the Individual Marketplace ROP Term and the Worksite
How Medicare Works. Helping you make the most of Medicare. MedicareBlue SM Rx (PDP) S5743_101415_B02_RE Internal Approval 11/12/2015
How Medicare Works Helping you make the most of Medicare 2016 MedicareBlue SM Rx (PDP) S5743_101415_B02_RE Internal Approval 11/12/2015 About Medicare Whether you re new to Medicare or want a refresher,
Supplementing Medicare: Your Rights to Purchase a Medigap Policy
FACT SHEET Supplementing Medicare: Your Rights to Purchase a Medigap Policy (B-005) p. 1 of 6 Supplementing Medicare: Your Rights to Purchase a Medigap Policy This fact sheet describes your rights to purchase
Medicare 101. Presented by Steve W Jenkins
Medicare 101 Presented by Steve W Jenkins Healthcare Options when turning 65 Remain on an Employer Provided Healthcare Plan Remain on an Individual Healthcare Plan Go onto Medicare Go onto Medicare Advantage
Choosing A Medigap Policy
Choosing A Medigap Policy 2002 Guide To Health Insurance For People With Medicare For People in the Original Medicare Plan This Guide has easy steps to help you buy Medicare Supplement Insurance. Developed
Choosing Health Care Insurance Medicare Supplements
Choosing Health Care Insurance By Steve Meinhardt http://yumainsurancehealth.com Office: 928-217-3621 Mobile: 928-580-7102 Fax No: 928-344-3507 Email: steve@yumainsurancehealth.com Or - Fill out the contact
Medicare Basics and Medicare Advantage
Medicare Basics and Medicare Advantage Medicare The federal health insurance program for people age 65 and over, some disabled people under 65 years of age, and people with End-Stage Renal Disease (permanent
Choosing a Medigap Policy: A Guide to Health Insurance for People with Medicare
CENTERS FOR MEDICARE & MEDICAID SERVICES 2011 Choosing a Medigap Policy: A Guide to Health Insurance for People with Medicare This official government guide has important information about the following:
Making the most of Medicare
Making the most of Medicare S5743_102714_K04_RE Internal Approval 10/27/2014 Today s Topics What is Medicare Who s eligible Medicare coverage Options to fill coverage gaps When you can enroll Finding the
Medicare, Social Security & Health Savings Accounts. January 30, 2014
Medicare, Social Security & Health Savings Accounts January 30, 2014 Today s Discussion Medicare Basics What is Medicare? Medicare Parts A & B Medicare Eligibility/Definitions Medicare & Health Savings
CENTERS FOR MEDICARE & MEDICAID SERVICES. Enrolling in Medicare Part A & Part B
CENTERS FOR MEDICARE & MEDICAID SERVICES Enrolling in Medicare Part A & Part B The information in this booklet was correct when it was printed. Changes may occur after printing. Visit www.medicare.gov
Thank you... for your interest in our Medicare Supplement insurance plans.
Thank you... for your interest in our Medicare Supplement insurance plans. They ll help you stay healthy and keep medical costs down. You get an added layer of peace of mind through benefits such as these:
Current Trends in Medicare Supplement
Southeastern Actuaries Club Pinehurst, NC June 21, 2012 Paula Hines, ASA, MAAA Director, Government Products Pricing BlueCross BlueShield of Tennessee, Inc., an Independent Licensee of the BlueCross BlueShield
Choosing a Medigap Policy: A Guide to Health Insurance for People with Medicare
CENTERS FOR MEDICARE & MEDICAID SERVICES 2013 Choosing a Medigap Policy: A Guide to Health Insurance for People with Medicare This official government guide has important information about: What is a Medicare
Choosing a Medigap Policy: A Guide to Health Insurance for People with Medicare
CENTERS FOR MEDICARE & MEDICAID SERVICES 2014 Choosing a Medigap Policy: A Guide to Health Insurance for People with Medicare This official government guide has important information about: Medicare Supplement
What s Medicare? What are the different parts of Medicare?
Revised June 2015 What s Medicare? Medicare is health insurance for: People 65 or older People under 65 with certain disabilities People of any age with End-Stage Renal Disease (ESRD) (permanent kidney
Understanding your. Medicare options. Medicare Made Clear TM. Get Answers Series. Y0066_120629_084915 CMS Accepted
Understanding your Medicare options. Medicare Made Clear TM Get Answers Series Y0066_120629_084915 CMS Accepted learning about Medicare Choices. Eligibility Coverage options When to enroll Next steps and
Medicare Basics: Frequently Asked Questions
TIP SHEET Information Partners Can Use on: Medicare Basics: Frequently Asked Questions As of October 2006 What is Medicare? Medicare is health insurance for people age 65 or older, under age 65 with certain
SHICK Senior Health Insurance Counseling For Kansas. Medicare Options
SHICK Senior Health Insurance Counseling For Kansas Medicare Options What is Medicare? Federal health insurance that covers some medical costs if you: Are age 65 or over Are under age 65 with some disabilities
Choosing a Medigap Policy:
CENTERS FOR MEDICARE & MEDICAID SERVICES 2015 Choosing a Medigap Policy: A Guide to Health Insurance for People with Medicare This official government guide has important information about: Medicare Supplement
REFERENCE ACTION ANALYST STAFF DIRECTOR 1) Insurance, Business & Financial Affairs Policy Committee Reilly Cooper SUMMARY ANALYSIS
HOUSE OF REPRESENTATIVES STAFF ANALYSIS BILL #: HB 675 Medicare Supplement Policies SPONSOR(S): Workman and others TIED BILLS: IDEN./SIM. BILLS: REFERENCE ACTION ANALYST STAFF DIRECTOR 1) Insurance, Business
A Conversation About Medicare Part A, B, C and D
Please take this moment to convert the display to Full Screen A Conversation About Medicare Part A, B, C and D www..com A Conversation About Medicare Part A, B, C and D www.healthcaremedicalpharmaceuticaldirectory.com
Medicare Quick Reference
Medicare Quick Reference 2016 Income Investment Estate Retirement Social Security NOT FDIC INSURED NO BANK GUARANTEE MAY LOSE VALUE This guide provides general Medicare information. Part A Part C (Medicare
Getting Started with Medicare Beginning Medicare Training
Getting Started with Medicare Beginning Medicare Training This Medicare Counselor Training program was developed under a grant from UnitedHealthcare through a joint project with the National Association
HARBOR ADVANTAGE (HMO) H7960-002-2015 Accepted
HARBOR ADVANTAGE (HMO) H7960-002-2015 Accepted IMPORTANT This presentation is for the exclusive use of Authorized Plan Representatives of Harbor Advantage (HMO). Harbor Health Plan is an HMO plan with
Medicare Rights University
Medicare Rights University Level 2: Medicare Coverage Rules Course 4: Medigap Plans What you will learn: What do Medigap plans cover? What are Medigap plan costs? When can you sign up for a Medigap? A
RETIRING WITH MEDICARE
MEDICARE! RETIRING WITH MEDICARE Helping You Make a Confident Decision To be used through employers only DoctorsChoiceUSA.com WHAT S ON THE AGENDA! What is Medicare?! What are my options?! When and how
Understanding Medicare
Understanding Medicare When you think about income streams in retirement, Medicare may not initially come to mind. But it is an important part of most retirees "golden years." Medicare covers many health
Virginia Medigap Policies Premium Comparison Guide
Virginia Medigap Policies Premium Comparison Guide Prepared by Commonwealth of Virginia State Corporation Commission This consumer s Guide should be used for educational purposes only. Nothing in this
www.booneinsuranceassociates.com Copyright by BIA 1 MEDICARE MADE SIMPLE BIA 1/14/2016 Boone Insurance Associates Education Guide: New
www.booneinsuranceassociates.com Copyright by 1 MEDICARE MADE SIMPLE Boone Insurance Associates Education Guide: New Today s Agenda 2 About Introduction & History of Medicare Medicare Parts A, B, C, D
2006 Choosing a Medigap Policy:
CENTERS FOR MEDICARE & MEDICAID SERVICES 2006 Choosing a Medigap Policy: A Guide to Health Insurance for People With Medicare This official government guide can help you Learn what a Medigap (Medicare
Preferred Provider Organization (PPO) Plans
CENTERS FOR MEDICARE & MEDICAID SERVICES Your Guide to Medicare s Preferred Provider Organization (PPO) Plans This official government booklet has important information about the following: Understanding
December 2013 Medigap Enrollment & Market Share
Prepared for UnitedHealthcare Ins Co & UnitedHealthcare Ins Co of NY UnitedHealthcare Medicare & Retirement Insurance Solutions By Mark Farrah Associates April 2014 Introduction Medicare Supplement Insurance,
Allegian Advantage (HMO) H8554_001-2015 Accepted
Allegian Advantage (HMO) H8554_001-2015 Accepted IMPORTANT This presentation is for the exclusive use of Allegian Advantage (HMO) Allegian Health Plans is an HMO plan with a Medicare contract. Enrollment
MEDICARE MYSTERY. Taking the OUT OF. Your how-to guide for finding the right plan for your needs
Taking the MYSTERY OUT OF MEDICARE Your how-to guide for finding the right plan for your needs S6506_071015_B01a CMS Accepted 08/15/2015 H0302_565_2016 CMS Accepted 08/15/2015 An independent licensee of
Supplementing Medicare: Your Rights to Purchase a Medigap Policy
FACT SHEET Supplementing Medicare: Your Rights to Purchase a Medigap Policy (B-005) p. 1 of 5 Supplementing Medicare: Your Rights to Purchase a Medigap Policy This fact sheet describes your rights to purchase
Medicare, Social Security & Health Savings Accounts for Active Employees
Medicare, Social Security & Health Savings Accounts for Active Employees ORNL Benefits October 2015 ORNL is managed by UT-Battelle for the US Department of Energy Table of Contents Health Savings Accounts
Medicare Supplement Insurance 101. Agent Webinar January 2013
Medicare Supplement Insurance 101 Agent Webinar January 2013 Plans Overview Sold by private insurance companies to help fill the gaps in Original Medicare Medicare generally pays approximately 80% leaving
How To Get A Health Insurance Plan From Ctf
Overview of Health Insurance Options for Medicare-Eligible Members The following pages offer general descriptions of the types of plans offered to CTPF retirees who are eligible for and maintain active
Medicare Supplemental Insurance - Medigap Plans
Medicare Supplemental Insurance (Medigap) All Medigap s A through N The available supplemental insurance plans that are offered are lettered plans A-N. Each plan offers a different benefits package and
Health Pricing Boot Camp August 10-11, 2009 Session 1b: Medicare Coverage for the Aged and Disabled
Health Pricing Boot Camp August 10-11, 2009 Session 1b: Medicare Coverage for the Aged and Disabled Charles P. Miller, FSA, MAAA Introductions Daniel W. Bailey, FSA, MAAA Ingenix Consulting Russell D.
STEPPING INTO MEDICARE. Invaluable help from the name you know and trust Blue Cross and Blue Shield of Illinois
STEPPING INTO MEDICARE Invaluable help from the name you know and trust Blue Cross and Blue Shield of Illinois Blue Cross and Blue Shield of Illinois offers a great array of plans that pick up where Medicare
Make sure you re covered for your biologic medicine!
It s open enrollment time Make sure you re covered for your biologic medicine! Joint Decisions is brought to you by Janssen Biotech, Inc., in partnership with CreakyJoints CreakyJoints Bringing arthritis
Choosing a Medigap Policy:
CENTERS FOR MEDICARE & MEDICAID SERVICES 2015 Choosing a Medigap Policy: A Guide to Health Insurance for People with Medicare This official government guide has important information about: Medicare Supplement
Welcome to Medicare! Module 1A
Welcome to Medicare! Module 1A Welcome to Medicare Introduction to Medicare Original Medicare Plan Medicare Supplement Insurance (Medigap) Medicare Advantage and other Medicare plans Medicare prescription
Planning for Medicare An Educational Resource from Blue Cross Blue Shield of Massachusetts
Planning for Medicare An Educational Resource from Blue Cross Blue Shield of Massachusetts Blue Cross Blue Shield of Massachusetts is an Independent Licensee of the Blue Cross and Blue Shield Association.
Those under 65 with certain disabilities, or. Those of any age with End Stage Renal Disease (ESRD).
Medicare 101 Medicare Basics WHAT IS MEDICARE? Medicare is health insurance for: Individuals age 65 and older, Those under 65 with certain disabilities, or Those of any age with End Stage Renal Disease
Medicare and Medicaid: What You Need to Know
Medicare and Medicaid: What You Need to Know This program is sponsored by the Nevada Aging and Disability Services Division and is presented by the Access to Healthcare Network and Nevada Geriatric Education
Assembling the Puzzle. Welcome!
Assembling the Puzzle Welcome! Thank you for joining us. The webinar will start momentarily. If you have not yet dialed in to the audio portion of the webinar, please click on Info Tab above, and follow
Stonebridge Life Insurance Company Home Office: Rutland, VT A Transamerica company
Stonebridge Life Insurance Company Home Office: Rutland, VT A Transamerica company This program is not connected This program with or endorsed is not connected by the U.S. with Government or endorsed or
Medicare Benefit Review
Medicare Benefit Review What is Medicare? Medicare is Health Insurance For people 65 or older For people under 65 with certain disabilities For people at any age with End-Stage Renal Disease (permanent
Retiree Considerations Medicare 101. June 26, 2012
Retiree Considerations Medicare 101 June 26, 2012 Agenda Goal: Present information regarding Medicare and related products to assist you in evaluating options Key Topics: Eligibility Rules Enrollment Rules
Start here Tear and separate pages along the perforated edge before completing
Start here Tear and separate pages along the perforated edge before completing Medicare Plus (Cost) GROUP/FEHB ENROLLMENT FORM Kaiser Foundation Health Plan of the Mid-Atlantic States, Inc. 2101 East Jefferson
IMPORTANT INFORMATION Read all pages before signing this form
Kaiser Permanente Medicare Plus (Cost) GROUP/FEHB ENROLLMENT REQUEST FORM Kaiser Foundation Health Plan of the Mid-Atlantic States, Inc. 2101 East Jefferson Street, Rockville, MD 20852 kp.org/medicare
Contents. What s your current coverage? 13 What are my choices? 14 What to do and when to do it 16 Frequently asked questions 18 Glossary 21
Show-Me Guide Introduction to Part D: Medicare s New Prescription Drug Coverage An educational resource developed and published by UnitedHealth Group Contents What are the big ideas? 2 Is a Part D plan
Module 3 Medigap (Medicare Supplement Insurance)
Module 3 Medigap (Medicare Supplement Insurance) Section Objectives Explain what Medigap policies are Understand key Medigap terms Relate steps needed to buy a Medigap policy Define the best time to buy
Health Insurance Information for Retirees 2012
Health Insurance Information for Retirees 2012 GROUP MEDICAL INSURANCE AFTER RETIREMENT Continuation Eligibility If you qualify under the State of Tennessee s Insurance Committee rules, you may continue
08/19/2015. Understanding Medicare Enrollment Periods. Session Objectives. Lesson 1 Medicare Enrollment Overview
Understanding Medicare Enrollment Periods Information for those who counsel people with Medicare August 2015 Session Objectives This session will help you explain enrollment periods for Medicare Parts
2007 Medicare Supplement Insurance Plans
Mutual of Omaha Insurance Company 2007 Medicare Supplement Insurance Plans MC25303_NY_0107 New York Policy Form M201-17336, Policy Form M203-17338, Policy Form M250-17611, Policy Form M374-20779, Rider
Medicare Supplement Standardized Plans
Medicare Supplement Standardized Plans There are many kinds of Medicare Supplement Plan Different plans are designated with a letter Available plans include A, B, C, D, F, G, K, L, M, & N Not all plans