Tag Archives: medical expenses

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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Baby Boomer Community Could Stand to Lose Millions, If Not Well Informed on Medigap Plans and Healthcare


(PRWEB) July 17, 2014

Millions of individuals will turn 65 this year, and start their Medicare Part B. Turning 65 triggers the clock on the time seniors have to get their medicare supplement insurance plan without having to go through underwriting.

It is best for customers to buy a medicare supplement policy when they are first eligible because this “open enrollment” period allows the consumer to secure a plan without medical underwriting. Medical underwriting is when an insurance company reviews an applicant to make sure they are a “good risk” under the company’s acceptance protocol. This process includes thorough physicals, interviews and other tests that often eliminates people with even the most minor medical conditions making it difficult to acquire a plan.

Many people don’t realize they have limited time to get this coverage, without underwriting. They often find themselves in a situation where they have missed their window and can only apply for medicare supplemental insurance with a company that will make them go through the full underwriting process. If a person is ill or has standing conditions that would keep an insurance company from insuring them under their insurance policy, they surely would not want to miss an opportunity to get coverage without underwriting.

There are various incidents each day where seniors receive medical bills in excess of $ 4,000 with no way to pay for them. These people are now being denied supplemental plan coverage for current health issues in addition to already owing copious amounts for past medical expenses.

The insurance companies want save themselves money by insuring low-risk, healthy, individuals who will not likely need medical help. Being in this condition is the ideal time to acquire a plan, but when in perfect health, medicare supplement insurance coverage is not always a top priority, and often then circumstances of being over 65 does not place many people in an ideal state of health.

1-800-MEDIGAP compiles the best plan options and helps to remove the time consuming hassle of shopping around for a plan. 1-800-MEDIGAP has professional agents that are knowledgeable, insightful, and ready to give guidance on which plan options are best for specific situations. People shopping around for plans could spend hours trying to compare supplemental insurance plans on their own. 1-800-MEDIGAP is here to make the insurance search smother and less time consuming. No matter what insurance carrier a consumer chooses to go with, the facts are the facts. Don’t miss your opportunity to sign up for medigap supplemental insurance today.

Take advantage of the benefits of entering the golden age of over 65 and know what is available. Get the facts here.







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India Network International Visitor Health Insurance Announces Higher Pre-existing Coverage Limits for Visitors of All Ages


Orlando, FL 32835 (PRWEB) December 25, 2013

India Network Foundation, a US based non-profit organization announces new higher pre-existing condition coverage limits for all ages under the comprehensive plan. In the past few years, many visitors traveling to United States are suffering either from diabetic or blood pressure related problems. These medical conditions are sometimes unknown to visitors with no symptoms to check against those problems. With more than two decades of experience in visitor health insurance programs for elderly parents, India Network observed that the pre-existing medical conditions are seven times more likely to cause a hospital visit during a 90 day stay than accidents and new medical conditions. In order to help families with these (un)expected problems, India Network started offering coverage that specifically include coverage for pre-existing conditions. One India Network long term member recently said that the “India Network program is efficient and easy to enroll compared to Obamacare programs”.

The “EasySelect” design provide instant summary of all available options and the premiums associated with the plans in one click. With this information in hand, one can easily navigate and purchase the plan that they are comfortable with. The OnlineEnrollment link shows to enroll in the plan by completing simple application. There is no medical underwriting and policy will be issued instantly when payment is made using a credit card or debit card. The enrollment process is designed to take advantage of latest technologies and takes less than ten minutes for anyone.

ACE Network Plan (a comprehensive health plan) provide coverage for accidents, new medical conditions, and pre-existing medical conditions. The plan pays 80% covered medical expenses up to the policy maximum. This is a very popular option for expatriate community that desire to have a policy maximum of $ 150,000 with $ 25,000 for pre-existing conditions ($ 20,000 for 70 to 99 year olds). The ACE Plan coverage includes several other important benefits such as 24×7 Europ Assist services, medical evacuation, repatriation, accidental death and dismemberment benefit, among many other benefits.

Dr. KV Rao, India Network Foundation said that “it has been very difficult task to increase the pre-existing condition coverage limits for elderly parents visiting the United States. The loss ratios work against pre-existing conditions cover and not many insurance companies in the United States are willing take the risk, particularly with short term visitor insurance Plans. India Network is fortunate to overwhelming participation of Indian Community members in the United States to make it possible for us to obtain the very best possible insurance cover for elderly parents visiting the United States, Canada or Mexico”.

India Network Visitor Health Insurance Plans are open to all nationalities visiting the United States and are welcome to take advantage of the plans while visiting the United States. India Network Visitor Health Insurance plans are underwritten by ACE American Insurance Group and claims are adjudicated in the United States as well.

About India Network Foundation

India Network Foundation, established as a US non-profit organization, has been helping the Asian Indian community in the United States with several community programs and grants to academics from India for more than two decades. India Network Foundation sponsors visitor health insurance to tourists, students, temporary workers (H1 visa holders) and their families.Foundation encourages and facilitates various individual projects in Rural India.

For more information visit http://www.indianetwork.org.

About India Network Visitor Health Insurance

India Network Services, is a US based company that administers visitor health insurance to transition residents, tourists, students, temporary workers and their families. Visitor medical plans are offered for all age groups. Scheduled Benefit Plans, and comprehensive Plan with pre-existing condition coverage provide affordable health insurance coverage for all ages. India Network has been helping several Asian Indian families with Obamacare enrollment questions and plan selections under Obamacare for qualified US Citizens and Green Card holders.







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Could Medicare be increased to pay 100% of medical expenses for seniors and double the medicare Premium?

Question by MAGANAME CATABAGE OBONGO: Could Medicare be increased to pay 100% of medical expenses for seniors and double the medicare Premium?
for all people who are medicare enrolled or would it not offset the cost?

People on Medicare pay a premium for it and also pay a premium for a supplemental policy to cover the 20% Medicare doesn’t cover, the supplemental policies are double the cost of the Medicare premiums and in some cases even higher, so could medicare double the premium and cover 100%?
For me if my Medicare premium were doubled and they paid 100% I would not need supplemental insurance and I could save $ 140.00 dollars a month and Medicare would double the amount I pay in for the other 20% of cost..

Best answer:

Answer by Insurance Pickle.com
No. It’s called “usage.” That’s why a $ 0 deductible isn’t just $ 1000 more a year than a $ 1000 deductible. The $ 1000 deductible could easily be $ 2000 a year or more cheaper. Why? Because people with a $ 0 deductible have no incentive to NOT go see the doctor, so the plans get USED more.

So, to answer your question, yes they could probably make it 100% coverage, but it would easily cost five times as much. That’s also why in our practice we generally don’t sell a company ONE health plan for their employees. We combine TWO plans (a main health plan and a hospital/surgical plan) because it’s greatly more cost effective…to the tune of 30-50% more effective.

Add your own answer in the comments!