Precision Senior Marketing (PSM), a national Medicare FMO, announced today that it is providing rates and information for the new Medicare Supplement Plan N. PSM is 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.
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.”
Now that the Obama administration is doing its best to phase out Medicare Advantage, many low-income seniors will need a replacement product. PSM expects Medicare Plan N to compete directly with remaining Medicare Advantage plans and eventually become the best option for low-income seniors. Though Plan N is very similar to Medicare Advantage plans in that it mimics the cost-sharing structure and pricing, it differs in that it has no network restrictions and much lower out-of-pocket liabilities for seniors. Also Plan N has the stability Medicare supplement products offer since it is standardized, unlike Medicare Advantage plans where you really don’t know what you are going to get until you read the fine print.
“Many of the rates I’m seeing are better than I anticipated, and when I pass on that information to my clients they are ecstatic,” says senior market insurance agent Jason Patterson. “The good news is spreading fast about Plan N among senior citizens in my area.” Many other experts in the Medicare industry agree that Medicare Supplement Plan N will definitely sell much higher among seniors who can’t afford traditional Medigap plans, and those healthy baby boomers just becoming eligible for Medicare.
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.
Located in Austin, Texas, Precision Senior Marketing, LLC is a full-service, national insurance marketing organization dedicated to recruiting, servicing, and supporting the best senior market insurance agents in the United States. For more information visit http://www.psmbrokerage.com.