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.
Since June 1, 2010, new Medicare supplement (Medigap) plans have been available. With the modernization, two new plans were introduced to the Medicare system- Medigap Plans M & N. The latter incorporates a new co-pay structure that requires a $20 co-pay for physician visits and a $50 co-pay for emergency room visits, and will offer senior citizens low premiums never before seen with Medicare supplements. Another attractive feature of Medigap Plan N is that it requires little to no underwriting, making it much more accessible to seniors than traditional Medicare supplement plans.
“We believe Medicare Supplement Plan N is going to be huge,” says PSM President Lucas Vandenberg. “The incredible combination of lower price and higher accessibility is going to make Plan N the choice for seniors in 2010, especially for those who are healthy and don’t often need medical care.”
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 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.
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