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Archive for June 24th, 2008

Royal Neighbors is holding its current high interest rates on all annuity plans!

Posted in Annuities, Insurance Companies, Insurance Products, Royal Neighbors of America on June 24, 2008 | Leave a Comment »

    Crown Choice (SPDA) – a 6-year interest guarantee with a 6-year matching surrender period and our highest commission levels on an MYG product   Single premiums of    $100,000 plus…………………………………………. 5.00%                                     $20,000 through $99,999…………………………. 4.90%                                     $5,000 through $19,999…………………………… 4.15%   Neighbors Choice (SPDA) – a 5-year interest guarantee with a 5-year matching [...]

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RNA Medicare Supplement Rate Increase for WV

Posted in Insurance Companies, Medigap Rate Changes/Introductions, Royal Neighbors of America on June 24, 2008 | Leave a Comment »

  The rate increase for West Virginia has been approved. There is a 25 % increase for all plans. The effective date for the rate increase is October 5, 2008. Please refer to the points below to determine which rates should be applied.  • All Medicare Supplement applications dated before August 1, 2008, regardless of [...]

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House Democratic leaders score stunning victory on Medicare bill

Posted in Medicare Advantage, News on June 24, 2008 | Leave a Comment »

from By Jeffrey Young Posted: 06/24/08 07:23 PM [ET] The House’s surprising and overwhelming passage of a Democratic Medicare bill on Tuesday has significantly changed the dynamic of how Congress plans to address a fast-approaching cut in the program.  The vote was a major win for House Democratic leaders and a stunning loss for Republicans [...]

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House passes bill to cut Billions in Medicare payments

Posted in Medicare Advantage, News on June 24, 2008 | Leave a Comment »

This is from Reuters. . . bill passed the House, needs to pass Senate.  Bush has threatened a Veto. June 24 (Reuters) – The U.S. House of Representatives voted on Tuesday to cut billions of dollars in Medicare spending on private health plans to preserve funding for payments to physicians who treat Medicare patients.   [...]

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LTC Partnership Training for Pennsylvania

Posted in CE Credits, Education/Training, Insurance Companies, John Hancock on June 24, 2008 | Leave a Comment »

Presented by John Hancock 8am to 5pm Continental breakfast and lunch included 8 CE credits – Mandatory in PA for those selling LTC (must be completed by 12/31/08). Course fee is $65 September 9th – King of Prussia September 10th – Grantville September 11th – Cranberry See complete announcement for details (partnership_ce_pa) .  E-mail Dave for [...]

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Business Submission for Great American Companies

Posted in Central Reserve Life, Continental General, Great American Companies, Insurance Companies, Nancy, New Business Submission, Procedures, Provident American L&H on June 24, 2008 | Leave a Comment »

You have heard about it for months and the change will happen soon. Here are some important dates to keep in mind when submitting all New Business applications for Central Reserve Life (CRL), Continental General (CGI) and Provident American Life & Health (PALHIC) Insurance Companies.   * June 24, the last day the Kansas office [...]

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Single app for use with Multiple Great American Companies for Med Supp

Posted in Central Reserve Life, Continental General, Great American Companies, Nancy, New Applications/Forms, Procedures, Provident American L&H on June 24, 2008 | Leave a Comment »

  Good news! When you start submitting business to our Austin office on June 25th, you can now use our new “single” application for Central Reserve Life (CRL), Continental General Insurance (CGI) and Provident American Life & Health (PALHIC) insurance companies Med Supp applications in select states! This means that you can use the same [...]

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Aetna Medicare Announces Training in California

Posted in Aetna, California, Insurance Companies, Medicare Advantage, Training/Certification on June 24, 2008 | 2 Comments »

June 23, 2008 Learn About Aetna Medicare Plans in Southern California! See below for seminar dates, times and locations for in-person training sessions. Get what you need to sell. FAST! Did You Know… You can offer competitive rates and plans to fit your client’s lifestyle RSVP today to find out everything you need to sell [...]

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Secure Horizons Medicare Supplement Rate Actions

Posted in Insurance Companies, Medigap Rate Changes/Introductions, United Health Care on June 24, 2008 | Leave a Comment »

Rate Actions SecureHorizons Medicare Supplement rate adjustments for in-force and new business continue to be implemented. Revised rates for CA, FL, GA and KY will be implemented on August 1, 2008, as outlined below:   State Area Plan A Plan B Plan C Plan E Plan F Plan F+ Plan G Plan J California All [...]

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Unicare/Wellpoint Eliminates Commissions on New Business for Enhanced/Enhanced Plus Effective 8/1/08

Posted in Insurance Companies, Medicare Advantage, News, Unicare, Wellpoint on June 24, 2008 | Leave a Comment »

In 2007, we introduced our Enhanced and Enhance Plus Plans which have very rich benefits.  These plans accounted for 40% of all new PFFS sales during our Open Enrollment Period..  Unfortunately the benefit design has resulted in adverse selection and very high loss ratios on this block of business. The negative financial impact of this [...]

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