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. Precision Senior Marketing, a national Medicare FMO, announced today that it is providing information and rates for the new Medicare Supplement Plan N.
Austin, TX (PRWEB) March 12, 2010 -- 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 will have minimal 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 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.
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 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.
Read the full story at http://www.prweb.com/releases/medicare-plan-n/medigap-plan-n/prweb3716814.htm.
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