Archive for July 7th, 2008

Health America, a subsidiary of Coventry, has filed it’s plans with CMS for their 2009 Medicare Advantage HMO/PPO products.

Included in their plans are 18 new counties:  15 in Pennsylvania and 3 in Ohio.

If you are a licensed agent and would like to request general information on these plans, please click here to e-mail Craig and request information.  This information is for AGENT USE ONLY and it is a violation of CMS Marketing rules to distribute this information prior to October 1st, 2008.

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I am adding the 2008 Medicare Supplement agent guide to our Resources page for all of the Genworth companies:  American Continental, Continental Life, Genworth Life and Annuity and Genworth Life Insurance Company. 

The new Producer Guide is relevant to all four Genworth Medicare Supplement underwriting companies, and includes information such as:

         • Doing Business With Genworth Financial

         • Underwriting Guidelines

         • New Business Procedures

         • Policyholder Services

         • Plan Availability

         • How To Complete An Application

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Here are the 2009 Capitation rates for every county in the United States.  These are the rates which CMS pays the Medicare Advantage company.  These rates are also adjusted for risk.

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Effective September 1st, 2008, Sterling Investors will be taking a 7% rate increase in their Medicare Supplement rates for the state of Montana.

New business dated on or after August 3, 2008 which requests an effective date of September 1st or later which use the new rates.

The new rate sheet and the complete instructions will be in RESOURCES shortly.

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In continuing coverage from previous editions of NAHU Newswire, the New York Times (7/7, A1, Pear) reports on its front page that “Congress returns to work this week with Medicare high on the agenda, and Senate Republicans under pressure after a barrage of radio and television advertisements blamed them for a 10.6 percent cut in payments to doctors who care for millions of older Americans.” The American Medical Association (AMA) launched the ad campaign, which “urge[d] Senate Republicans to reverse themselves, and help pass legislation to fend off the cut.” But President “Bush and many Republicans oppose the bill because it would finance an increase in doctors’ fees by reducing federal payments to insurance companies that offer private Medicare Advantage plans as an alternative to the traditional government-run Medicare program.” (more…)

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Aetna shares the concerns of the brokerage community about decisions being made right now in Washington, D.C. regarding the future of Medicare Advantage and the health care that our seniors will be able to access in the future.

Medicare Advantage members have had a brief reprieve from the negative impact of Medicare funding cuts as a result of a very close June 26th vote when the U.S. Senate rejected the House-passed Medicare bill that would have unfairly cut funding to the Medicare Advantage Program.

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