Monthly Archives: January 2021

Nationwide Peak 10 annuity The Nationwide Peak 10 annuity is a single premium deferred fixed indexed annuity.  The product has a income rider with a 4% roll up and no annual fee.  A 7% roll up option is available for an annual fee.  The AM Best rating is currently A+.  10 year surrender period with
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VA and Medicare advantage Should someone have both VA coverage and Medicare Advantage?   The answer is usually “yes” but there are some things to consider. This post will break down the reasons for and against adding Medicare Advantage when you already have VA coverage. How VA and Medicare advantage coverage work together Those who have
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FEMA SEP MEDICARE FEMA SEP Medicare will review what you need to be aware of when it comes to the FEMA special election periods.  The acronym stands for “Federal Emergency Management Agency”. There are Medicare special elections periods available under FEMA for those affected.  If you live in where FEMA has declared an emergency or
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Medicare permission to contact form The Medicare Permission to contact form (goes by acronym PTC) is different than a scope of appointment.  A PTC form allows you to contact the prospect via phone or in person.  Cold calling prospects for Medicare Advantage and Medicare part D plans is a violation of CMS rules. Having a
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Medicare Marketing Guidelines 2021 The Medicare Marketing Guidelines 2021 are the same as the 2020 MCMG.  To date, CMS has not released an update or memo for 2021.  The most recent memo from CMS is available below through the link. Compliance is an important aspect of offering Medicare plans.  We have tried to list the
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Medicare Educational Event Rules Medicare educational event rules are fairly straight forward.  There has not been many modifications of them from 2020 to 2021 which makes things a bit easier.  We will go over the basics below and point out the key things you need to be aware of when hosting one. What type of
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Medicare Supplement Phone Leads Medicare supplement phone leads for $10 each!  You have a lot of options when it comes to the type of Medicare supplement leads you buy.  There are also a number of types of leads such as online leads, seminar selling, advertising and Telemarketed leads.  Medicare leads are a volume business so
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Medicare Open Enrollment Period The Medicare Open Enrollment Period (OEP) runs from January 1 through March 31 every year.  There are specific changes that a Medicare beneficiary may choose to make during this time.   Any change request will take have an effective date of the first of the next month.  For example, a change made
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Medicare Part D IRMAA 2021 Lets start by explaining what the Medicare Part D IRMAA 2021 is.  IRMAA stands for income related monthly adjustment amount.  This is a surcharge/additional premium that applies only to higher earning Medicare beneficiaries.  It is based on the income that was earned 2 years prior. (example: 2021 IRMAA is based
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How to become an insurance broker This article will focus on how to become an insurance broker.  There are a number of steps to get the process going. The type of insurance you want to sell will make a difference. We will focus on the what is needed to be an independent insurance broker however
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