Medicare Supplement coverage through Equitable … The bigger issue or concern is that the lower rated companies are typically smaller and will mold their business to that which is most profitable. It is where we add value from the start. In 1965, Medicare Supplement Insurance was developed, followed by Equitable beginning to develop and market Long-Term Care products in 1974. Or reach out to us using our Medicare Supplement Quote Request. Does Medicare … No one young and healthy can be added to your pool of insured policyholders, leaving only those with higher medical expenses in your plan. SNL AGENT LOG-IN. It covers all Medicare Part A & B coinsurance amounts and the first three pints of blood each year. They are rated (B) with A. M. Best and offer competitive Medicare. Suite 103, Jupiter, FL 33458. Please see our other videos and our articles.I have an entire library of free educational Medicare videos at MedigapSemars.org Just click the links above to see the videos or request your free quote comparison. Your price experience over your lifetime starts with selecting the right insurance company. Equitable’s B rating that it carried through most of the 2010 through 2019 time period is three grades lower than an A-. National General Medicare Supplement Perks. Anyone who has seen our educational videos on Medicare knows of the focus we put on educating the consumer to make an informed decision. Everything About Medicare If Equitable Medicare Supplement Plans were discussed at all during this process, our client would learn early on why we  avoided them. The long life of the company creates a higher level of trust among existing and potential clients. Florida License #W176030 – National Producer # 765847. In a 2017 press release, the credit rating agency confirms that the overall outlook of an insurance provider is positive with Financial Strength Rating of B and Long-term Issuer Credit Rating of BB+. It can give you the flexibility to supplement your retirement income, pay long-term care costs, or leave money to your loved ones after you’re gone. The company must remain focused on it’s most profitable endeavors. When you don’t have an “A” rating, you don’t have the cash to provide a cushion or leeway. Florida License #W176030 - National License (NIPR) #765847, Equitable Medicare Supplement Plans (Another One Bites the Dust), Loyal Christian Benefit Association Withdrawal of Medicare Supplement Business, How to Research a Medicare Supplement Plan Insurance Company, FDA Recalls Blood Pressure Medication Due to Cancer Risk, IG Report on Medicare Advantage Denial of Service. Click here to view our testimonials and reviews. One of my rules I use personally and teach to my agents regarding Medicare is to never even consider an insurance company with a rating low than “A-”. by Matthew Claassen | Jun 1, 2020 | Medicare, Medicare News, Medicare Supplement Plans, New To Medicare. If you own an Equitable Medicare supplement plan you will very likely be facing out sized price increases in the relatively near future because you are now in a “Closed Pool”. They specifically focus on financial products for seniors, … If you have not seen our, Medicare Supplement Plans Benefits & Hidden Risks, Most people assume that I avoid a lower rated insurance company because it might go out of business. These three plans are supplement plan F, G, and N. All these plans include basic cost coverage that pays for: Similarly, Medicare Supplement Plan N also excludes Medicare Part B deductible from coverage. They are currently rated B+ by A.M Best, which is a very recent upgrade from B announced in October 2019. Today, Equitable is licensed in 44 states and the District of Columbia. Equitable National Life Insurance Company provides four different Medicare Supplement … July 15, 2020 – Last day we will accept Medicare Supplement applications for review and underwriting that were signed on or before June 30, 2020. You will receive a registration email for the new agent portal by 8/31/2020. What is Medicare? We will provide some specifics on the why and what do to. Equitable National announced this week that as of June 30, 2020 they will no longer offer Equitable Medicare supplement … But that is far from the issue that concerns me most. Speak to an independent broker licensed in your state. They don’t have to fight any Medicare battle alone. But with three decades of experience in this industry and a background in finance, I can help you select an insurance company that is less likely to surprise a person with unusual price increases. With 10,000 Americans turning 65 every day, there has never been a better time to be an agent in the Senior Market. Notice. I have witnessed several insurance companies leave the Medicare supplement market in just the last three years. Equitable National Life (ENL) MedSupp Contacts. As an aside, it did not go unnoticed (by me) that Equitable was purchased in 2017 by SILAC Inc.  a private company that offers investment advisory services. No content from this site may be reproduced without permission. The company offers 4 EquiChoice Medicare Supplement … But that is far from the issue that concerns me most. Equitable Life Medicare Supplement Plans Active for over 80 years and offering top quality health insurance plans, coupled with a friendly, customized and advanced service to consumers nationwide, Equitable Life & Casualty Medicare is a leader in the Medicare Supplement … Merits of Equitable National Medicare Supplement Plans. So, what are they going to do? Powered by WordPress & Designed by Cyclone Themes, All You Need to Know about Equitable National Medicare Supplement Plans. Fixed Annuity sales are a simpler product to manage and sell with annual management fees paid to the insurer. ENL Mailing Address PO BOX 11547 Winston … Equitable National had several tell-tale signs of high risk as an insurer. Difference is L&C was in the Medicare business 30 years before bailing. Equitable National started offering insurance policies in 1935. Equitable began offering Medicare Supplement products in the year that Medicare was introduced. Other additional benefits that accompany pre-defined Medicare Supplement Plans … If you want to know what to do, read on. © 2015-2020 Matthew Claassen & MedigapSeminars.org based in Jupiter, Florida. Sterling National Agents can click above to access the agent portal. If you have not seen our Medicare Advocate video, you should. For example, Supplement Plan G covers all the costs included in Plan F with the only exception of Medicare excess charges which are not covered by this particular plan. Medigap Seminars Insurance Agency820 W. Indiantown Rd. It’s also about getting the most out of life today. With a 7% Household Discount and a handy e-app option, Equitable National is a great Medicare Supplement … But our value both before and after the sale of an insurance policy goes well beyond our Medicare Advocate services. Medicare Supplement Products ENL will offer Medicare Supplements in a total of 34 states nationwide. Add to that the cash flow offered by keeping (but not selling) existing Medicare supplement plans makes for a handsome profit for shareholders. If you do not own an Equitable Medicare supplement plan and are hoping to learn how to not end up making the mistake of selecting an insurance company that will do to you as they have to their customers, this too is the right article for you. What does that mean for you if you own one of the Equitable Medicare supplement plans? Equitable National announced this week that as of June 30, 2020 they will no longer offer Equitable Medicare supplement … That is where our discussion of Equitable National Insurance ties in. SNL AGENT LOG-IN. You will find those rules and more in the latter half of my Hidden Risks video. This is, of course, what lead to the most recent announcement of exiting all Medicare supplement plan sales as of June 30,2020. They’re a well-known carrier with moderate to low rate increases. If you have not seen this videos just use the hashtag #Medigapseminars to search on the internet or YouTube or go to our website to start your journey. This is not a lot of options, but includes both Plan A and Plan F. Plan A is the base plan that all insurance companies have to offer if they are offering Medicare Supplement at all. So, how do Equitable National Medicare Supplement Plans appear from the perspective of their company’s performance? In Medicare, going, I have other rules that would have helped anyone avoid Equitable. Equitable-National-medicare-supplement-plans. Equitable National announced this week that as of June 30, 2020 they will no longer offer Equitable Medicare supplement plans. More than three if you count insurance companies exiting Medicare Advantage and Part D plans. It doesn’t matter if you are just turning 65 and learning about Medicare for the first time, or have an existing Medigap plan. Equitable National Medicare Supplement Plans cover 34 different states and carry the advantage of the portability of plans across employments. Equitable is a Utah based insurance company that is committed to providing dependability, quality, and value for seniors. We can help you through either our public Medigap plan and Medicare online seminars or through private no-obligation consultation. If you would like our advice and guidance in choosing a Medicare plan, please call us at 800-847-9680. My video Medicare Supplement Plans Benefits & Hidden Risks and its accompanying article is the first public discussion of some of the Hidden Risks involved in selecting a Medicare supplement insurance company and how to avoid those risk. Other additional benefits that accompany pre-defined Medicare Supplement Plans make the company an attraction among current and potential policyholders. All rights reserved. Because they needed to protect their AM Best rating, the solution was to cut them. Another Medicare supplement company has announced it is exiting the Medicare Market. Many other small insurers have taken a similar path. Again, they can’t afford to support marginal portions of their business. Where that video is a very detailed presentation, I will highlight the only portion relevant to the situation with Equitable here. If a Medicare company goes out of business Medicare will provide the insured a Guarantee Issue pathway to a new company and new policy. A simple review of SILAC’s management shows this to be a company with a history of buying smaller companies, improving profitability then selling them four or five years down the road. Our Medicare Supplement customers and agents are important to us and to our success. We can judge the customer care potential of the company from the Better Business Bureau’s review for the company. The right insurance company offers peace of mind knowing you have reduced risk of price volatility. Life insurance is a smart addition to any financial plan … Most people assume that I avoid a lower rated insurance company because it might go out of business. You will understand why I never recommended their product and what information you can use to avoid falling into the same trap. Equitable National Life is a subsidiary of a mature insurance provider company, Equitable Life and Casualty Insurance Company. Now, none of us has a crystal ball. I have other rules that would have helped anyone avoid Equitable. We are often asked by people researching Medicare “Why should I do business with you?”  “What does your company offer that I can’t get when working with someone else or directly with an insurance company?”. These features include: The company offers three most popular plans along with the only mandatory supplement plan, Plan A. August 1, 2020 – First day Actuarial Management Resources will begin providing administrative services for the Equitable National Medicare Supplement … Keep in mind Equitable National is not unique. Supplement premium rates, often lower than several other insurance … Recent Articles. Everything about Transamerica Medicare Supplement Plans, American Republic Corp Insurance Company- A Review. An obvious added value is our After-the-Sale customer service. Matthew Claassen is an independent Medicare insurance broker specializing in Medicare plans. All done. Then scroll through page after page of insurance brokerages soliciting Equitable Medicare supplement Plans. Higher medical expenses lead to higher premiums. First, Equitable has never been a highly rated company. This Medigap plan will help you pay your portion of the costs of your Medicare Part A and Medicare Part B benefits. The signs were all there. # Medicare #MedicareSupplement   #MedicareExplained #MatthewClaassen #IndependentMedicareInsuranceBroker #MedigapSeminars #MedicareInsurance #IndependentMedicare #InsuranceBroker #SupplementPlans #OfferMedicare #NewMedicare #SupplementPlan #MedigapPlan #ChooseMedicare #Medicareplan #MedicareAdvantage #MedicareB #MedicareA #MedicareF #MedicareG #MedicareN #MedicarePartA #MedicarePartB #CarriersCoastToCoast #RightMedicare #Medicare #MedicareHMO #MedicarePPO #MedicarePFFS #MedicareSNPs #MedicareHMO #MedicarePOS #MedicareMSA. SILAC is founded by Stephen C Hilbert. Now, continue reading below and see what they missed (or never bothered to research). The annuity sales bring a high premium to the company share price. No, Medicare Advocate; Adding Value as a Medicare Insurance Advisor, An obvious added value is our After-the-Sale customer service. We cannot promise absolute price stability. Get the best Medigap plan for you at the best price possible.You can also visit my agency website at ShieldInsuranceSolutions.com or call at 800-847-9680. As a result and similar to the announcement you may have received in recent weeks from Equitable … It is inconvenient, but far from devastating. In 2019 Equitable cut their ancillary products that often accompany Medicare. National General has offered Medicare Supplement plans for 60 years. You also need to ensure the reliability of the insurance provider, their customer care level, and their investment success. Secondly, its management capabilities translate into its financial strength in the foreseeable future. Equitable National Medicare Supplement Plans cover 34 different states and carry the advantage of the portability of plans across employments. We are insurance representatives and not a government organization. Here is a challenge that will help you answer that question. The company was established in 1930 during the Great Depression and is protecting the financial matters of people since then. Beginning 8/1/2020, ENL business will be administered by AMR and policy status will display as "lapsed". Equitable National Life Medicare Insurance is one of the top-most Medicare Supplement services available because of the attached financial feasibility of the providing company. Accordingly, the company attracts a remarkable success rating of A+ showing high levels of customer care and effective policies. It usually leads to their being bought out by a larger insurance company within just a couple years. First, it offers high reliability and trust level of a mature company having more than eight decades of customer service. Another Medicare supplement company has announced it is exiting the Medicare Market. ENL MedSupp/Agency Phone: (888) 996-1619 Fax: (336) 759-3141 . In Medicare, going out of business is not the worst that can happen. Primary Sidebar. Equitable is headquartered in Salt Lake City: the same place the company started 76 years ago: You can contact Equitable … They are currently a B+ rated company. If you are just turning age 65, you have guaranteed … Equitable calls their Medicare Supplement Plans EquiChoice, but they follow the standardized letter-coded plans that are in use in most states. There are literally dozens of videos on Medicare that are designed to help anyone learn what they need or wish to know about Medicare. 1-800-847-9680 or 561-536-5565 - Matthew Claassen, CMT, Equitable Medicare Supplement Plans Fade Away, If you own an Equitable Medicare supplement plan you will very likely be facing out sized price increases in the relatively near future because you are now in a “Closed Pool”. and What Does It Cover? Of the eleven possible standardized plans, Equitable offers four. In 2018 they announced they would discontinue selling Medicare supplement plans in five states, Georgia, Idaho, Illinois, Montana and North Dakota. This is the same person that founded CONSECO, a company with a very interesting history. Equitable National Medicare Supplement Plans offer peace of mind to the company’s clients. The same thing other small insurance companies have done in the past three years, focus on fixed annuity sales. We offer top commission contracts for the industry's leading Medicare Supplement … It’s a great and often used service we enjoy providing. Equitable National Medicare Supplement Plan F offers extensive coverage that takes basic coverage from Supplement Plan A and adds up the following insurance: Skilled nursing facility care coinsurance; Other two plans, Plan G and N, lie in the middle of these two plans with respect to coverage. For our prospective clients, they are there to help you make an informed decision. Does Medicare Cover Chiropractic, Acupuncture, And Physical Therapy? Neither Mr. Claassen nor MedigapSeminars.org are employed by, endorsed or represent CMS, Medicare or Medicaid or the US Government. Following Equitable L&C pattern. That’s it. This included their Cancer Protection Plan, Short Term Nursing Care and Hospital Indemnity plans. It starts with education. Equitable National Life Discontinuing Medicare Supplement Sales May 22, 2020 As a reputable insurer, Equitable National Life monitors the insurance landscape to ensure they offer insurance products that … Our clients have quite an advantage knowing that whatever problems arise with their Medicare, they have an experienced professional they can lean on for help, at no charge. Permanent life insurance isn’t only about protecting the financial security of your family for the future. Before you read some of my insights below, go to your favorite web search engine and type in “Equitable Medicare Supplement Plans”. Equitable National Life Medicare Insurance Plans Equitable Medicare Supplement Plan G, Your email address will not be published. Equitable Life Insurance Company found its niche in the senior market as a leading provider in Medicare Supplement insurance coverage. This tradition continues with the introduction of Fixed … Equitable Health Insurance Company Locations. Most companies also choo… Signs that would be evident to anyone who had watched my video on Hidden Risks as noted above. Or, as is the as with Equitable Medicare supplement plans and many others, exiting Medicare and leaving you in a closed pool. Equitable National Medicare Supplements are available to all Utah beneficiaries, ages 65 and older, who are enrolled in Medicare Part B. Just applying my first rule would have helped anyone researching Medicare supplement plans avoid this disaster. Home Equitable Life and Casualty Insurance Medicare Plans Equitable Life has been working in the health insurance industry for over 75 years. The higher rating is B++ and then followed by A-. If you are shopping for a Medicare Supplement Plan N, Equitable National is one option. Medicare Advantage plans provide all of the same coverage as Medicare Part A and Part B, and some Medicare … But being a reasonable investor, you understand that benefits included in an insurance package are not the only determinants of quality of the underlying package. Better Business Bureau’s review for the company, Equitable National Life Medicare Insurance Plans. MedigapSeminars.org unique in our industry in that we have an in-house professional, experienced Medicare biller whose primary role is to act as your Medicare Advocate in helping you resolve claims or billing issues and appeals. ... Looks like they may be doing the same with Equitable National. ENL Claims Fax Fax: (801) 415-0953 . Are we unique? Best Medicare Supplement Insurance Companies We work with over 30 Medicare supplement companies and we are licensed in over 40 states. "New" owners apparently have no use for the Medicare market. Equitable Life and Casualty Insurance Company Get a Medicare Supplement with Equitable Life Insurance through Plan Medigap. They have set up special sections or pages of their websites just to entice you to buying Equitable Medicare supplement plans from them. There are a few benefits which the company offers to its clients which are not available among similar plans of other companies. Portability of coverage across different job and employment history of the client; Renewability, the policyholder is entitled to renew the plan after the expiry of the policy period; All these benefits make a complete package of Medicare Supplement Plan A. The example below referencing the situation with Equitable Medicare Supplement plans is a perfect example of the value we add, even behind the scenes. Another Medicare supplement company has announced it is exiting the Medicare Market. Nothing about this company indicates it would be a good long-term choice for a person entering Medicare. National General Medicare Supplement … Equitable Life & Casualty Medicare Supplement Offerings Equitable offers four of the 10 Medicare Supplement (Medigap) plans standardized by the federal government: A, F, N, and G. Sold under the … This is exactly what Equitable has been doing and what has led them to exit the Medicare supplement market today. This is immediately followed by identifying the right insurance company. Once a person understands Medicare and the choices you must make, the next step is helping identify a plan that fits your needs and your budget. Simple. It happens every year and will continue in the years ahead. October 5, 2020. Suite 103, Jupiter, FL 33458. But these videos are also used by medical professional to train office staff and by other insurance agents hoping to learn enough about Medicare to advise others. No questions asked. MedigapSeminars.org unique in our industry in that we have an in-house professional, experienced Medicare biller whose primary role is to act as your Medicare Advocate in helping you resolve claims or billing issues and appeals. Receive prompt, personal, and professional service with Equitable Medicare Supplement Plans. In the end, the company offers best packages which are most popular among clients. The parent company seems reliable according to A.M Best ratings. All content copyright ©2018, All rights reserved. . Required fields are marked *, Copyright ©2020 #MedigapSeminars #MedicareSeminars  #MedicareExplained #Medicaresupplements #MedicareSupplementPlans #Medicare #MedigapPlans  #MedicareSupplementPlans2020. Ever. by Matthew Claassen | Jun 1, 2020 | Medicare, Medicare News, Medicare Supplement Plans, New To Medicare. For whatever reason, those states were not profitable. Our answer, of course, defines our value. Does Medicare Cover Assisted Living, Hospice, In-Home, Or Nursing Care? A financial professional can help you personalize a life insurance plan … Medicare Supplement policies and Medicare Advantage plans (Medicare Part C) serve two different purposes. … Are Celtic Medicare Supplement Plans A Good Fit for You? Your email address will not be published. If you want to be certain you have the right Medigap plan coverage and are paying no more than you have to, we can help. Over the years we have collected a lot of feedback from clients in addition to our own experience when dealing with numerous Medicare supplement … You will find those rules and more in the latter half of my, Florida License #W176030 | National License (NIPR) #765847, 820 W. Indiantown Rd.
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