Tag Archives: Growing

Omaha Firms Join Forces to Meet Growing Consumer Demand for Medicare Advice


Omaha, Neb. (PRWEB) September 10, 2014

Two Omaha companies have partnered to address an emerging national trend in the financial planning, insurance and health care industries: more consumers are seeking advice on how to pick the right Medicare health plan and incorporate those health care expenses into retirement plans.

Securities America, a broker-dealer with more than 1,800 financial professionals nationwide, is working with Medicare BackOffice™, a team of insurance agents licensed, contracted and certified in all 50 states to provide Medicare advice and products. While Medicare BackOffice™ agents ultimately work directly with consumers, the company’s initial customers are financial advisors or other professionals who want to help their clients navigate Medicare while continuing to concentrate on their primary business.

“As health care costs continue to climb, more people approaching retirement are asking their advisors for advice on picking a Medicare health insurance plan and keeping health care affordable,” said Brian Hickey, Medicare BackOffice™ vice president. “We created Medicare BackOffice to help financial advisors and other professionals who don’t specialize in Medicare meet this demand so they aren’t turning clients away – and potentially losing them forever.”

By offering Medicare BackOffice™ to its financial advisors, Securities America provides a value-added service that distinguishes the company from other broker-dealers, said Zach Parker, first vice president of income distribution and product strategy at Securities America.

“At Securities America, we pride ourselves on equipping our financial advisors with tools that provide exceptional service to clients,” Parker said. “Medicare BackOffice™ gave us two solutions – first, a way for our advisors to better serve consumers who are asking for help with Medicare; and secondly, yet another way to set us apart from competitors, so that financial advisors know they’re getting an edge when they work with Securities America.”

USA Today in April reported that more than half of retirees responding to an annual survey by the Employee Benefit Research Institute are not confident that they have saved enough to pay their medical expenses during retirement. The finding came at the same time the Bureau of Economic Analysis reported that health care spending rose at the fastest pace in 10 years in the fourth quarter of 2013.

“Consumers already are feeling the pinch of higher health care spending and want help managing those expected costs in the future,” said Medicare BackOffice’s Hickey. “Financial advisors who help them with that first step – choosing the right Medicare health plan – fortify their relationship as a trusted advisor, ensuring that they’ll return when they need help with other financial needs. A broker-dealer or independent financial advisor doesn’t need to be a Medicare expert to help clients. Now, all they have to do is refer them to Medicare BackOffice™.”

About Medicare BackOffice™

Based in Omaha, Nebraska, Medicare BackOffice™ is a support service for broker-dealers, independent financial advisors, insurance agents and other professionals, helping their clients find the right Medicare health insurance plan. Professionals simply refer clients to Medicare BackOffice’s team of dedicated insurance agents, who are licensed, contracted and certified in all 50 states to provide Medicare advice and products from insurance carriers that are “A”-rated or better. By making clients’ search for Medicare answers easier and stress-free, Medicare BackOffice™ strengthens the referring professional’s relationship with clients. For more information, visit http://www.medicarebackoffice.com. Medicare BackOffice™ is not connected with or endorsed by the United States government or the federal Medicare program.    

About Securities America

Securities America is one of the nation’s largest independent broker-dealers with more than 1,800 independent advisors responsible for more than $ 50 billion in client assets.







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Affordable Care Act and Young People’s Growing Disillusionment – Harvard’s Millennials Poll

affordable care act and young peopleAccording to a report released by Harvard’s Institute of Politics (IOP), young adults are not embracing the Affordable Care Act as hoped by the Obama administration. The poll, which surveyed Americans between the ages of 18 and 29, showed that young adults, or “millennials” as they are referred to in the report, do not believe Obamacare is going to work as promised.

When it comes to the premise that the quality of their healthcare will go up under Obamacare, young adults rejected that belief, with 40 percent saying they actually think their quality of care will go down after the Affordable Care Act goes into effect. Likewise, 51 percent of the respondents said they think their insurance premiums will increase under Obamacare, defeating a main purpose of the law, which is to make insurance more affordable.

President’s Rating Falling Among Young Adults

Not only did the poll ask questions related to the Affordable Care Act and young people, it also asked questions about how mellennials feel about President Obama. The news was just as dismal for the administration. A healthy 52 percent of people aged 18 to 24 said they would be in favor of recalling President Obama. That percentage decreased to 40 percent among people aged 25 to 29, but the average of 47 percent nears a majority of this coveted population that is unhappy with the president.

These numbers also reflect the general approval rating for President Obama, which has hit an all-time low among young Americans. However, approval ratings for all members of Congress are decreasing as well. Republican congressmen now have a 19 percent approval rate among the young people in America. Democrat approval ratings are falling too, but are still significantly higher than the GOP at 35 percent.

Further disillusionment with the government process is illustrated in the number of young adults that plan to vote in 2014, a midterm election year. In 2009, 37 percent of all young adults said they would definitely vote in the next election. That number declined to 34 percent in the 2013 poll. African-Americans showed the most decline, dropping from 49 percent in 2009 to 37 percent in 2013.

Most Young People Reluctant To Enroll in Obamacare

The survey revealed even more bad news for Obamcare: young adults are not, in general, planning to enroll in an Affordable Care Act health insurance plan. Less than one-third of the respondents in the poll said they intend to enroll in insurance through a healthcare exchange. If the results of the poll pan out, Obamacare could be in serious trouble.

The link between the Affordable Care Act and young people is significant. In order to offset the increase in medical costs associated with covering sicker people, the government has estimated it needs 7 million young people to enroll in plans through the state and federal healthcare exchanges. If they don’t get this number, it is all but certain health insurance premiums will rise for everyone in 2015.

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