Humana Medicare Advantage plans

Humana has evolved to become a trusted Medicare insurance provider for over two decades. The company has been a part of the health industry for more than fifty years and stands today as one among the Fortune 100 companies. According to the data published by Centers for Medicare and Medicaid Services, Humana has nearly 4 million Medicare members. That accounts for nearly half of Humana’s 9 million members nation wide, which goes to show the immense popularity of their Medicare product within the community.

Agent benefits that can be derived with Humana Medicare Advantage:

• Offers the agent high earning opportunities.
• Contracts are enables directly with the company.
• Potential to generate excellent commissions
• Agents with detailed product knowledge can do exceedingly well.

Client benefits that come with Humana Medicare Advantage:

• The copayment costs that come with the usage of the plan are predictable in nature and hence a safe bet for the enrollee.
• Offers the insured several additional benefits that are not featured in the original Medicare plan.
• The nature of the plan negates the need to go in for any other supplemental plans for the insured.
• Emergency care is offered to the patient worldwide.

Types of Humana Medicare Plans

Any person who is subscribed to Medicare Part A & B can purchase Humana Medicare Advantage. In order to be eligible it is also necessary to fall reside in a locality that fall within the service area of Humana.

Medicare Advantage Plans: are also often known as Part C plans and come with more benefits that what is originally offered in Part A & B. These plans have monthly premiums that come with affordable rates and provide coverage for a wide range of medical issues.

Medicare prescription drugs plan: Helps the enrollee to save considerable sums of money while buying prescription drugs. This can specially come in very useful for patients have to buy these drugs on a constant basis.

Medicare supplement insurance plans: these can be made to work seamlessly with Part A & B. This type of plan would help the enrollee towards covering costs in coinsurance and deductibles.

Humana Medicare Advantage

Humana Medicare offers the best features of the both the traditional Medicare plan and prescription drugs plan. There are also additional benefits that come with purchasing this insurance policy.

Humana Gold Choice (PFFS)

• The prescription drug coverage that is offered in this plan is either better or at least better than what is offered in the original plan from Medicare.
• The monthly premiums that come with the plan are affordable and less burdensome on the enrollee.
• Annual screenings do not amount to any extra charge for the subscribed party.

Humana Gold Plus (HMO)

• In this type of plan the enrollee get to choose his or her choice of primary physician from the allotted network.
• The plan offers routine doctoral visits and physicals at affordable copayments.
• The emergency coverage that falls under this plan is comprehensive and has a host of benefits attached to it.

Humana Choice (PPO)

• In this type of plan the subscriber has liberty to choose the doctor or medical organization of their choice.
• The rate of premiums in this plan is affordable
• The enrollee is entitled to undertake free visits to any health care provider nation wide.

Medicare Part D plans for prescription drugs

The continuously rising prices of prescription drugs have made it difficult for people to afford them on a regular basis. This can be dangerous for patients recovering from a serious condition who need constant medical attention in the form of drugs and treatment. Medicare Part D plans for prescription drugs has made it possible for enrollees to avail substantial discounts while buying these drugs. This can be specially beneficial for people are prescribed drugs on a long term basis and the plan will help them eventually save thousands of dollars through subsidized discounts.

Humana on its part offers a comprehensive Medicare Part D plan to help mitigate prescription drug costs. It offers 3 stand alone plans to help create a balance between your budget and health requirements. ‘Stand- Alone’ means its separate from that of your Medicare coverage. Here is a list of different plans that have been carefully formulated to suit diverse requirements. Study the pros and cons of all of them before picking one that suits your interests the best.

Humana Walmart Preferred Rx Plan (PDP)

This prescription drug plan comes with a monthly premium of $14.80. Copayments at pharmacy counters can be as low as $2 with this plan. It is ideal for healthy people who have minimal health issues or for those in search of a budget prescription plan. The enrollee would also receive a SmartSummary RxSM statement at the end of each month to help keep a tab on the expenses incurred.

Humana Standard (PDP)

This can be termed as a basic level plan. Its coverage is equal to that of the federal governments minimum requirements of the coverage.

Humana Enhanced (PDP)

This type of plan comes with fixed levels of copayment. It also features first dollar coverage on specified or preferred generic drugs for all the plans. Does not come with deductible in most regions. Check with your agent to make a comparative analysis of this particular plan.

Humana Complete (PDP)

This type of plan offers the insured extensive coverage. As part of the package, it allocates extra coverage on preferred generic drugs as well as branded ones through the coverage gap feature.

Reasons why you should go for Humana Advantage

• The product offers an extra set of medical benefits that are not a part of the original Medicare insurance.
• It creates a healthy balance between your health needs and costs in the process making your expenses more predictable.
• Offers the enrollee with an extensive network of doctors and medical care providers.
• Has been one of the industry leaders for quite a while now.

• The extra benefits that feature in the plan are better than what is offered by many other private insurers.
• Subsidized discounts on prescription drugs.

as-1011-120-01272013

Continue Reading

Coventry Medicare Advantage – Part D Plans

Coventry Medicare Advantage is a crucial part of the Coventry Corporation, which deals with selling insurance products. The company was founded in 1986 and has risen quickly to become one of the giants in the insurance industry.

Medicare is offered by the federal government to help provide medical coverage for the elderly and disabled people in the United States. However many people have started to adopt Medicare advantage plans offered by private insurance companies that come with a whole host of features and benefits. Coventry among them particularly enjoys a good sense of goodwill in the community to emerge as one of the popular options towards buying Medicare advantage policies.

Client benefits that come with Coventry Medicare Advantage: -

• Copayments for medical services come within predictable margins.
• It is not required for the investor to go in for a supplement plan.
• Offers several extra benefits that are not a feature of the original Medicare plan.
• Offers the investor with worldwide coverage during emergency situations.

Agent benefits that come with Coventry Medicare Advantage: -

• Offers the agent the opportunity to generate excellent commissions.
• This type of plan comes with the advantage of offering direct company contact.
• Applications are easy and quick to process.
• Offers the agent enhanced earning potential.

Eligibility requirements for Coventry Medicare Advantage

• The insured party must already be subscribed to Part A and Part B.
• To be eligible the person has to be located within the plans service area.
• The insured person must not be suffering from end stage renal condition (includes kidney transplant or permanent kidney failure that requires dialysis) except under certain specific instances.

There are four basic types of Medicare Advantage plans, which are offered by Coventry across several states in US.

Coventry Advantra HMO (health maintenance organization)

This type of plan offers the benefits of both Part A & B. People who subscribe to this plan can attain the services of medical providers who are part of the allotted network. This means that the insured party can only seek the medical services of physicians and doctors who are within the network. In this type of plan each insured customer must also choose his or her primary care physician. The physician can refer the patient to specialists if needed. If the patient were to seek services outside the network, he or she might not receive coverage from the plan unless it happens to be an emergency situation.

Coventry Advantage PPO (preferred provider organization)

The Coventry Medicare Advantage plan also offers the benefits that come with Part A & B. Here too the insured are subscribed to a network of medical providers. But it differs from HMO on a few basic aspects. In PPO, the patient can seek the services of a doctor or specialist who are not part of the network at an additional cost. This enables the person to choose the most appropriate form of medical attention and yet receive substantial coverage for it. Also in this type of plan, the patient does not need the referral of their primary care physicians to seek the services of a specialist.

Coventry Advantra POS (point of service)

This type of plan bears many similarities to both HMO and PPO. People who are subscribed to the their particular network of doctors through the PPO plan, can make visitations outside their allotted network. However they need to obtain referrals from their primary care physicians before seeking the services of a specialist outside the network.

Coventry Advantra Freedom

This type of plan is private fee for service (PFFS) and also covers the basic benefits of Part A & B like the above plans. However one crucial difference with this type of plan is that the enrollees are not obligated to receive treatment for an assigned network of doctors. Here they do not have choose on their primary care physician’s nor seek a referral in order to meet a specialist. People who have adopted this plan can seek the services of any qualified doctor as long as they accept PFFS plans.

as-673-120-01272013

Continue Reading

Sentinel Life Final Expense Insurance

The passing of loved member is always a difficult experience. All families would life to give their departed members an appropriate funeral service before bidding farewell. It would be wise for every person to go in for a comprehensive final expense insurance policy, which could take care of the funeral and burial costs. The insurance company of the insured customer would handle all the costs related to the funeral through the death benefits received from the policy.

For people who are not adequately insured, the burden of meeting these costs could be quite difficult and you may have to spend a considerable portion of money from your life savings. Funeral and burial costs have witnessed a steep rise over the last few decades and on average cost about at least $7,500. This is a substantial sum of money for a lot of families. Final expenses policies are easy on the pocket as they come with fixed premium rates.

Sentinel life final insurance is one of the most affordable and highly rated insurance packages in the market. The proceeds received from the policy can be used to address all funeral expenses inclusive of burial plot, casket charges, headstone engraving, transportation, funeral service, minister costs and wake- visitation. The remainder of the proceeds can be used to clear outstanding debts of any nature such as mortgage, car loans, credit card payment and other such expenses. The money from the proceeds can also be directed to your beneficiaries, which may come in really useful for them some time in future. A lot of people also tend to direct a part of proceeds to their grandchildren to help fund their college expenses.

Final expense policy comes with a whole host of features and this form of insurance can be very affordable for people among the lower income groups as well. The company also enjoys great goodwill among the community and enjoys the highest of ratings in the insurance market. There are different types of vantage plans that come with Sentinel life final expense insurance.

New Vantage (i): The death benefits received from this plan are equal to that of the face value mentioned in the package.

New Vantage (ii): In this type of package the death benefits are graded over the first three years of the policy. In the first year, the death benefits amounts to about 30% of the face value of the policy. The percentage increases to 70 in the second year and reached 100% in the third year and beyond. In the event of an accidental death, 100% of the death benefits can be obtained even in the first two years.

New Vantage (iii): This is slightly different from the former. In this type of plan the death benefits for the first two years of the policy is equal to that of the premium rates combined with an annual interest of 10%. From the third year and beyond the death benefits is 100% of face value as listed in the policy.

These new vantage plans are specifically useful for people who are:-

• If you are looking for a plan that provides final expense coverage and also at the same time, looking towards avoiding the pressures of underwriting.

• If you have been rejected by other companies

• If you are finding difficulty in getting yourself placed.

Riders that come with Sentinel Final Life Insurance (New Vantage (i) only): -

Waiver of Premium Rider (WOP): - People from the age groups of 15-55 can derive this benefit. The rider expires once anniversary of the policy kicks in. This is then followed by the 60th birthday of the insured customer or results in the ending of payment of the base policy – whichever happens first. In the event that the insured party was to become disabled completely and permanently, the rider can be used to waiver the premium. The above physical condition would stop the insured from attending to work as per his or her qualifications while the insurance company would determine when the employee received the injury or fell critically ill. In order to file for this particular claim, the injured party must have gone through at least 6 months disability before becoming eligible for it.

Accidental Death Rider (ADR):- People from the age groups of 0-60 can avail this benefit. Here to the rider expires upon the anniversary of the policy. This is then followed by the 65^th birthday of the insured party or by the ending of premium payments of the base policy – whichever occurs first.

Death benefits can be derived if the insures dies due to some form of accidental injury suffered on ones self. However there are exceptions to this. It is important that death does not occur through suicide, involvement in a major crime or as a crewmember who willingly operates an aircraft to its fatal descent – in such cases ADR is not applicable to the insured.

Children’s Protection Rider (CPR):- Every child above that is insured and above the age of 15 years is liable to receive $1000 during each unit of the term insurance. It should be noted that the coverage would cease at the earliest of the above parameters.

• The child’s 25^th birthday which would be followed by the anniversary of the policy.
• The insured parent would receive the final premium payment.
• At the 65^th birthday of the insured parent which would be followed by the anniversary of the policy.

At the same time children who are dependent, can be taken into consideration for the application provided they have not yet turned 18. Those who are eligible for the above have to be either natural children or legally adopted or step children.

Hence consider Sentinel final expense policy as a serious and fruitful investment. The package comes with several riders and benefits to suit to the varying needs and requirements of people. Make sure to plan in advance with regards to your rate of premiums so that you have a good estimate of the proceeds that can be derived at the time of your death. The proceeds from the policy can also be used to address other financial concerns, which is an added plus in its favor.

as-1040-120-01172013

Continue Reading

Woodman/Assured Life Medicare Supplement

Many private insurance companies sell Medicare supplements to fill the gaps that are existent in traditional health plans. This would help the insured towards subsidizing costs to a considerable extent while seeking treatment for specific services which otherwise wouldn’t have been possible with traditional plans.

When a person has carefully assembled both a Medicare and medical policy, he or she can be content over the fact that most of the major expenses with regards to getting medical treatment are well taken care off by the two policies respectively. The nature and scope of these supplement policies can vary from one another and it would be prudent for all people to study their types in detail before picking the one is most suitable for your requirements.

Also most of the major insurance companies offer almost the same kind of benefits from Medigap Plan A to Medigap Plan L. Also it should be noted that it is up to the insurance company on which Medigap policy it would be willing to sell to its customers.

Woodman/Assured Life Medicare Supplement offers the benefactor a comprehensive list of services that can take care of all the costs related to your medical needs. There are different types of plans to cater to specific requirements and this makes it an apt for people on the lookout for a worthwhile Medicare supplement. The company has also joined hands with a number of companies to provide some highly productive fraternal benefits to its members and their families.

Ideally it is required for investors to have Medicare Part A and Part B to be eligible to buy a Medigap policy. In the case of Medicare B, monthly premiums need to be paid out. And for those who require extra coverage will have to in addition make payment premiums on Medigap polices. It is also recommended that spouses have individual Medigap policies because they cannot be used to address your partner’s medical expenses.

Medicare insurance is ideal for people who are: -

• People below the age group of 65 suffering from some form of disability.
• People above the ages of 65 and over
• People of all age groups known to be suffering from last stage renal disease (permanent kidney failure that required transplant or dialysis).

Part A: Hospital insurance

If the insured has a Medicare Plan A insurance, then the all expenses while being admitted in the hospital would be taken care off. This plan is inclusive of important hospital procedures or services and also comes with expert nursing facilities. On the flip side, the plan does not cover custodial or long time care. The beneficiaries of this plan would have to meet some conditions if they were to enjoy these benefits.

Issue of cost: People who qualify for Medicare Plan A would have to premiums on a monthly basis. It is also possible in many families where one of the partners does not have to go in for the Medicare plan as the other spouse already has it.

Part B : Medical Insurance

This part of Medicare offers coverage for both doctors care and out patient costs as well. Apart from that Part B also makes for lost ground where it covers those medical services that do not fall under Part A. These include medical treatments of therapists and the several types of home care, which the patient requires to recuperate completely.

Issue of Cost: Premiums must be paid on a monthly basis to avail the benefits of Medicare Part B. The rate of premiums could escalate a little if the person does not immediately apply for this plan when he or she becomes eligible for it. The greater you delay the higher the costs rise with each succeeding year. It should be noted that the charges for this plan increase at the rate of 10% each year once the person becomes eligible for it.

Moreover people would also have to pay a penalty when they decide to sign up for Plan B. This would continue until the time period the plan becomes effective. Hence it would be wise to go in for Plan B as soon as you become eligible for it. Apart from that beneficiaries would have to also pay deductibles for the plan on a yearly basis before Medicare pays up its own contribution. Members can request the State for funds towards paying your premiums and deductibles. It should be noted that premiums and deductibles of Medicare can vary with every passing year.

Prescription Drug Coverage (Medicare Part D)

In this type of plan, most of the people pay their premiums on a monthly basis. As of January 2006, prescription drug coverage is also offered by private insurance companies to all Medicare benefactors. Through this coverage, the patient can considerably reduce costs of prescription drugs. This can be very helpful for people who have been prescribed drugs on a long-term basis and could help reduce costs substantially. Different kinds of drug plans are available and an informed decision can me made based on requirements. It should also be noted that you might have to pay a penalty if you decide to enroll for the prescription drug coverage some time later down road and not when you became first eligible.

Benefits of Woodman/Assured Life Medicare Supplement

Educational Benefits:-

There are many usueful scholarship programs that are offered to members along with their families. These include New beginnings senior scholarship and National scholarship program. There is also an online educational site, which offers relevant information on college entrance, monetary aid, scholarships and other related information.

Heath and Security Benefits: - Carreington International Corporation offers members and their families a couple of alternatives where they can avail discounts to the tune of 15-62% on hearing aids, dental, vision as well as supplies for diabetic testing. Some of the other benefits that come with this includes expert legal services, identity theft insurance, expert legal service, nurse line and 24 hr. counseling sessions.

Members can waive off the activation charges related to the personal response service, which is offered by Lifeline. You can also procure discounts on prescription drugs be enrolling in ScriptSave. Discounts can also be availed on Global Med Net medical information and other services.

Life benefits: - These are inclusive of orphaned child insurance, new born protection plan and ‘my final wishes’ estate planning services. Policy members can avail these benefits.

Travel benefits: - Members can a draw a discount of up to 10% while renting cars from Hertz rental service in the US and overseas as well. Also Collette vacations offers members attractive travel deals to over 180 locations.

Woodman/Assured Life MedicareSupplement offers a comprehensive insurance product for investors looking for an appropriate Medigap policy. The company enjoys the best of ratings in the industry and generated tremendous goodwill among the community over the years.

as-1143-120-0124201

Continue Reading