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2023 Medicare Advantage Commissions

2023 Medicare Advantage Commissions

2023 Medicare Advantage Commissions
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2023 Medicare Advantage Commissions have been announced. Commission increases will take place for 2023 Medicare Advantage and Medicare Part D sales per the announcement by the Center for Medicare and Medicaid Services, (CMS). Click Here for announcement.

 

FOR CA AND NJ

  • Initial MA commissions increased from $715/member/year to $750/member/year.
  • Renewal commissions increased from $358/member/year to $375/member/year.

FOR CT, DC, AND PA

  • Initial MA commissions increased from $646/member/year to $678/member/year.
  • Renewal commissions increased from $323/member/year to $339/member/year.

FOR PUERTO RICO AND THE U.S. VIRGIN ISLANDS

  • Initial MA commissions increased from $394/member/year to $411/member/year.
  • Renewal commissions increased from $197/member/year to $206/member/year.

In all other states, initial MA commissions increased from $573/member/year to $601/member/year. Renewal commissions increased from $287/member/year to $301/member/year.

For more information, contact a Pinnacle Financial Services representative today

1 (800) 772-6881 x7731 | sales@pfsinsurance.com

Bob Brzyski

Bob Brzyski

Vice President of Marketing

x7742 | bbrzyski@pfsinsurance.com

Contact a Pinnacle Representative if you have any questions.

1 (800) 772-6881
support@pfsinsurance.com

Contact Us

Contact a Pinnacle Financial Service representative today for assistance.

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2022 Medicare Premiums and Deductibles

2022 Medicare Premiums and Deductibles

2022 Medicare Premiums and Deductibles
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CMS has announced the Medicare 2022 Parts A & B premiums and deductible changes. Medicare Part B premiums for 2022 are increasing from $148.50 to $170.10 a month. For those higher-income earners, the amounts are also going up across the board. 

See the announcement by visiting CMS.gov. Some other changes include the Part B deductible increasing from $203 in 2021 to the new $233 for 2022. 

For all your Medicare questions reach out to the Pinnacle Financial team today at 800-772-6881 x-7731 or email Healthsales@pfsinsurance.com

For more information, contact a Pinnacle Financial Services representative today

1 (800) 772-6881 x7731 | sales@pfsinsurance.com

Bob Brzyski

Bob Brzyski

Vice President | Marketing & Business Development

x7742 | bbrzyski@pfsinsurance.com

Contact a Pinnacle Representative if you have any questions.

1 (800) 772-6881
support@pfsinsurance.com

Contact Us

Contact a Pinnacle Financial Service representative today for assistance.

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What is the SECURE Act?

What is the SECURE Act?

What is the SECURE Act?
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 The SECURE Act, which was officially enacted on Jan. 1, 2020, is now the largest retirement reform to impact the economy since the Pension Protection Act of 2006.

The SECURE Act has brought significant change to the beneficiary payout options of IRAs and other qualified accounts. Secure Act did not change the payout rules for beneficiaries of nonqualified annuities (both deferred and immediate).

For the beneficiaries of nonqualified annuities, the potential wealth transfer effectiveness of life expectancy-based payments is still a tool that we can use to meet inheritance planning goals.

In regard to Non-Spousal Inherited IRAs (Qualified Money), Nationwide Peak 10 could be a solution for these cases. Please note, for most individual non-spouse beneficiaries the payout requirement is 10 years when the owner dies in 2020 or thereafter. There are several exceptions that still allow a life expectancy-based payout:

  • Spouses
  • Minors
  • Individual with disabilities
  • Chronic Illness
  • Individuals that are less than 10 years younger

A great solution for retirement planning to fit these needs is the Nationwide Peak 10 fixed index annuity. Several things to keep in mind when positioning Nationwide as a solution:

  • With Peak 10 being a 10-year contract, the purchase of the new annuity needs to happen in the same year of death. From a Suitability perspective, Nationwide would be unable to accept this business if the death occurs in the prior year (10-year rule and Peak 10 being a 10-year contract).
  • Account must be liquidated by 12/31 of the 10th year after the owner’s death.
  • Life expectancy payouts may continue where the owner died prior to 2020
  • The 10 Year Rule does not require annual or periodic distributions
  • Spousal Protection Feature is available on these contracts
  • Living Benefits are not available

The annuity team at Pinnacle Financial Services is here to assist with all your case design solutions.

Reach out to a team member at 800-772-6881 x-6003 or email annuity@pfsinsurance.com

For more information, contact a Pinnacle Financial Services representative today

1 (800) 772-6881 x7731 | sales@pfsinsurance.com

Bob Brzyski

Bob Brzyski

Vice President | Marketing & Business Development

x7742 | bbrzyski@pfsinsurance.com

Contact a Pinnacle Representative if you have any questions.

1 (800) 772-6881
support@pfsinsurance.com

Contact Us

Contact a Pinnacle Financial Service representative today for assistance.

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GlicRx Discount Prescription Drug Card

GlicRx Discount Prescription Drug Card

GlicRx Discount Prescription Drug Card
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GlicRx

GlicRx is a free discount prescription drug discount card providing consumers up to 80%* savings on purchases of prescription drugs at over 35,000 pharmacies nationwide.  Individuals can easily search and find all the savings for their specific prescriptions while using the GlicRx prescription drug discount card.

GlicRx for Agents

Great news!  Pinnacle Financial Services is now a preferred organization making GlicRx available for agents and agencies to give to everyone.  Easy and quick to get set up.  GlicRx will give a personalized landing page and code for agents to give the GlicRx prescription drug discount card free to everyone and GET PAID! 

Good Alternative to GoodRx

Many of you probably know about the GoodRx prescription drug discount card.  Did you know that GoodRx has now partnered with GoHealth?  This now puts your clients AT RISK of being sold health insurance and Medicare products by GoHealth.  Don’t RISK even one client by not offering the GlicRx card.

Getting Started with GlicRx

To get set up for GlicRx today reach out to the team at Pinnacle Financial Services.  We can be reached at 800-772-6881 x-7731 or email Healthsales@pfsinsurance.com.

The GlicRx Prescription Savings Program is not insurance. To learn more about the GlicRx

Prescription Savings Program, including eligible pharmacies, included prescriptions and related pricing,

and other important terms and conditions and contact information, please visit GlicRx.com.

*Prescription savings vary by prescription and by pharmacy and may reach up to 80% off cash price.

For more information, contact a Pinnacle Financial Services representative today

1 (800) 772-6881 x7731 | sales@pfsinsurance.com

Bob Brzyski

Bob Brzyski

Vice President | Marketing & Business Development

x7742 | bbrzyski@pfsinsurance.com

Contact a Pinnacle Representative if you have any questions.

1 (800) 772-6881
support@pfsinsurance.com

Contact Us

Contact a Pinnacle Financial Service representative today for assistance.

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NAHU 2022 Medicare Certification

NAHU 2022 Medicare Certification

NAHU 2022 Medicare Certification
Comments

AHIP Medicare Agent Certification has some new competition. NAHU is now offering Medicare certification training for agents getting certified to sell 2022 Medicare Advantage and Part D products. NAHU Medicare Certification is now approved for a variety of carriers.

NAHU’s 2022 certification opens July 1, 2021.

About NAHU’s Medicare Certification

    Created by agents for agents NAHU, National Association of Health Underwriters, is giving agents a program that not only is CMS ready but also provides training that agents want to help them grow their business. In addition, the 2022 NAHU Medicare Certification training program provides free CE and extra bonus material that will give you new and important information to assist you in helping your clients throughout the year.  

    New for 2022! A special bonus of 12 months of up-to-the-minute monthly programming will enhance your credibility and expertise.  All of these added benefits come at a standard cost of $100.

    What Is NAHU?

      The National Association of Health Underwriters represents more than 100,000 licensed health insurance agents, brokers, general agents, consultants, and benefit professionals through more than 200 chapters across America. NAHU offers its members a multitude of educational opportunities, including advanced designation programs, continuing-education classes, and online learning.

      NAHU provides its members with professional conferences and networking functions, publications, and business-development tools.

      NAHU also conducts advocacy efforts at the state and federal levels of government to advance the interests of health insurance professionals and to promote affordable and responsible private health insurance market solutions.

      As a proud supporter of all the NAHU events, registration is easy and benefits are abundant.

      Next Steps:

      Interested in more information on NAHU and the NAHU certification for 2022? Reach out to a Pinnacle Financial Services team member today at 800-772-6881 x-7731 or email sales@pfsinsurance.com.

       

      For more information, contact a Pinnacle Financial Services representative today

      1 (800) 772-6881 x7731 | sales@pfsinsurance.com

      Bob Brzyski

      Bob Brzyski

      Vice President | Marketing & Business Development

      x7742 | bbrzyski@pfsinsurance.com

      Contact a Pinnacle Representative if you have any questions.

      1 (800) 772-6881
      support@pfsinsurance.com

      Contact Us

      Contact a Pinnacle Financial Service representative today for assistance.

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