New Medicare Supplement Plan N information and rates are now available from Precision Senior Marketing (PSM), a Medicare FMO that serves the entire United States. Senior Insurance agents in the United States can contract through PSM to offer products from the nation’s best Medicare supplement insurance companies, including Mutual of Omaha, Gerber Life, Woodmen of the World and/or Assured Life, and Sentinel Life.
The new Medicare modernized plans took effect on June 1, 2010 and many insurance carriers are in the process of rolling out their new products throughout the country. Medicare Plans N and M are brand new to Medicare and are expected by many in the senior insurance industry to take the market by storm, especially Plan N. Medigap Plan N introduces a new co-pay structure that requires a $20 co-pay for physician visits, and a $50 co-pay for emergency room visits. Another great feature is that Plan N offers minimal to no underwriting, increasing accessibility to seniors over traditional Medicare supplement plan, such as Medigap Plan F.
“Medicare Supplement Plan N is going to be huge and will spark a shift away from Medicare Advantage,” says PSM President Lucas Vandenberg. “The incredible one-two punch of lower price and higher accessibility is going to make Medigap Plan N the best choice for most seniors in 2010, especially for those who are healthy and don’t have a large income.”
PSM expects Medigap Plan N to successfully compete directly with Medicare Advantage plans. Though Plan N mimics the cost-sharing structure and pricing of Medicare Advantage, it differs in that it has no network restrictions and much lower out-of-pocket liabilities for seniors. Also, the standardization of Plan N provides both seniors and their insurance agents with stability they don’t get with Medicare Advantage plans.
Medicare industry experts agree that Medicare Supplement Plan N will definitely attract seniors who are on Medicare Advantage, and the millions of relatively healthy baby boomers just becoming eligible for Medicare. “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,” says senior market insurance agent Jason Patterson. “Word is spreading fast about Med Supp N among my clients.”
PSM invites senior insurance agents to visit its website at http://www.psmbrokerage.com and/or call 1-800-998-7715 to learn more about Medicare Supplement Plan N products. And with PSM’s licensing process, agents can get contracted with the industry’s leading 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.
Want to find out more about medicare supplement plan n? Then visit Alex Stone’ssenior insurance marketing site.