Precision Senior Marketing (PSM), a national distributor for the nation’s leading insurance companies, including Mutual of Omaha, Gerber Life, Woodmen of the World and/or Assured Life, and Sentinel Life, announced today that it is providing rates and information for the new Medicare Supplement Plan N. PSM is a national Medicare FMO dedicated to serving up the latest news and info on all modernized Medigap plans.
Starting on June 1, 2010 new Medicare supplement (Medigap) plans M & N will take effect. The latter will offer senior citizens low premiums never before seen with Medicare supplements, as it incorporates a new co-pay structure that requires a $20 co-pay for physician visits and a $50 co-pay for emergency room visits. Additionally, Medigap Plan N has minimal to no underwriting, making it much more accessible to seniors than traditional Medicare supplement plans.
“Since the June 1, 2010 effective date, Medicare Supplement Plan N has been selling faster than anything I’ve ever seen before in Medicare,” says PSM Agent Mike Wilson. “The incredible combination of a more affordable price and better access is going to make Plan N the choice for seniors in 2010 and beyond, especially for those who don’t often need medical care and are generally healthy.”
PSM expects Medicare Supplement Plan N to compete directly with Medicare Advantage plans and win in most situations. The standardization of Plan N provides both seniors and their insurance agents with stability they don’t get with Medicare Advantage plans. Also, though Plan N has many similar features to Medicare Advantage, such as a cost-sharing structure and pricing, it differs in that it has a much lower out-of-pocket liabilities for seniors and no network restrictions.
“The incredible combination of a more affordable price and better access is going to make Plan N the choice for seniors in 2010 and beyond, especially for those who don’t often need medical care and are generally healthy,” says PSM Agent Mike Wilson. “Since the June 1, 2010 effective date, Medicare Supplement Plan N has been selling faster than anything I’ve ever seen before in Medicare.”
Many other experts in the Medicare industry agree that Medicare Supplement Plan N will definitely attract seniors who can’t afford traditional Medigap plans, and those healthy baby boomers just becoming eligible for Medicare. “Word is spreading fast about Plan N among my clients,” says senior market insurance agent Jason Patterson. “Many of the initial rates I’m seeing are better than I expected, and when I pass on that information to my clients they are pleasantly surprised.”
PSM encourages senior insurance agents to visit its website and/or call 1-800-998-7715 to learn more about Medicare Plan N products. And with PSM’s electronic licensing process, agents can get contracted for an array of carriers in as little as five minutes.
As the nation’s leading Medicare supplement broker, Precision Senior Marketing provides its agents with only the market’s best products that include Medicare supplements, life insurance, annuities, long term care insurance, final expense insurance, and other insurance products that provide security and a peace of mind for the nation’s exploding senior population.
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