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Archive for March, 2009

This information is for licensed agents only, so to view the alert go to our Resource Center and select CRL, Rates and Medicare Supplement

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The new application form numbers are “ALMSAPP200812ID for the state of ID,  ALMSAPP200812CA for the state of CA, ALMSAPP200812MT for the state of MT, ALMSAPP200812SD for the state of SD, ALMSAPP200812TN for the state of TN and ALMSAPP200812TX for the state of TX.   

The new applications will be required for signature dates on or after May 1, 2009.

To access the revised applications for Idaho, California, Montana, South Dakota, Tennessee and Texas, visit our Resource Center and Select Admiral as the Company and Application as the Resouce.

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According to the NC Department of Insurance authorities,  a Bahama woman has been arrested for allegedly stealing identities of more than 100 people, some of whom were dead, and signed them up for Medicare Advantage plans.

Click to read complete article.

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The new Bankdraft is for the states of AZ, AR, CA, CO, DE, DC, FL, GA, ID, IL, IN, IA, KY, LA, MI, MN, MS, MO, MT, NE, NH, NM, NC, ND, OH, OK, OR, PA, RI, SC, SD, TX, UT, VA, WV, WI AND WY

To access the bankdraft form for these states, visit our “Resource Center“, select Lincoln Heritage as the Company and Forms as the Resource.

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The St. Louis Business Journal announce A.M. Best Co. has downgraded the financial strength rating of National States Insurance Co.  The ratings agency downgraded the company’s financial strength rating to C plus plus from B minus and its issuer credit rating to BB minus from B.  A.M. Best also downgraded the outlook for these ratings to negative from stable.

The ratings reflect National States’ expected weak year-end risk-adjusted capital position and sizable operating loss, A.M. Best said.  “Adverse experience on its South Florida home health-care block was the primary reason for the company’s poor 2008 operating results,” A.M. Best said.  “National States is also reliant on receiving timely and appropriate rate increases, which continues to be challenging in Florida.”

To combat its losses, National States has expanded its accident and health insurance products into the Midwest.

A.M Best said it believes the company will be challenged to return to profitability near term.

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Effective April 1, 2009, Guarantee Trust Life, will no longer offer the Part D Prescription Drug products.  Access to UnitedHealthProducers.com, will be terminated for any agent using a Carrier writing number.

CMS guidelines require the payment of first year renewal rates for all applications received with 2009 effective dates.  UnitedHealthCare will continue to pay commissions on a per member per year basis for applications received.  According to CMS guidelines, renewals will be paid for five years.  NOTE:  Renewal payments will end if the member terminates coverage before the end of five years.

Renewal commissions for applications with 2009 effective dates will start in 2010 and will be paid once per year (no change).  Renewals will be paid for five years starting in 2010.

Renewal commissions for existing business will be paid at the 2009 renewal rates.  Renewals paid in 2009 will be considered year1 and will continue for four additional years.

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Here is a link to the file:  http://www.cms.hhs.gov/PrivateFeeforServicePlans/Downloads/2011PFFSNetworkAreas.zip
Bottom Line:  There are 3141 counties in the USA and 2503 will require a network (this number could go higher based on 2010 plans).  This represents about 80% of all counties at present.

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The Today’s Options Ad Design System – Personalized, Compliant Ads – at Your Fingertips!

For details on how to register, vist our “Events Calendar

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The 2009 Sales & Educational Conference for Independent Agency Sales to be held September 11-14, 2009, at the Breakers Hotel and Conference facility in Palm Beach, Florida.

 Click here  for more information

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New materials help financial representatives sell LTC insurance in today’s tough economic conditions.

To Read Complete Article Click Here

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