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Medicare Part D

Medicare Part D

Medicare Part D
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For the majority of elderly citizens, prescription drug coverage is a crucial—and perplexing—part of their health insurance. Private insurance companies that have received Medicare’s approval offer Medicare Part D, a prescription drug insurance program. Beneficiaries can evaluate different plans based on the premiums, deductibles, copays, and formulary (list of covered drugs).

Part D Comparison

When determining which plan is the most affordable and offers the best coverage for you, it’s crucial to take these aspects into account along with the exact prescriptions you use. Additionally, it’s important to periodically examine your plan because both the formulary and pricing are subject to yearly change. Through a Medicare Part D comparison tool such as Connect4Medicare or with the help of a certified insurance agent, you can compare Medicare Part D plans. There are several things to consider while deciding on the coverage that best suits a beneficiary’s needs. Some of them consist of:

  1. Plan Premium
  2. Co-pays
  3. Deductibles
  4. Approved Pharmacies

Medicare Part D Formulary

Prescription drug plans are based on a formulary that considers a number of variables that are chosen by a committee established by each carrier. The formulary will classify each medicine into a certain tier, which will determine the beneficiary’s out-of-pocket expense. When deciding which plan best suits a person’s needs, it is crucial to take medicine brands, dosages, and pharmacy preferences into account.  Use a software program such as Connect4Medicare to make sure you give each client the best plan for them.

Why Pinnacle Financial Services?

At Pinnacle Financial Services, we provide plans from a large number of carriers with a focus on prescription drug coverage. Our team of experts will generate quote comparisons that are tailored to each beneficiary. It is crucial to pick an FMO that allows you the flexibility and capability to provide a full portfolio of Part D plans. Please feel free to check out the carriers we offer, as well as the help and training we have available, on our website at http://www.pfsinsurance.com.

To sign up with Pinnacle complete the easy contracting form today:
https://pfsinsurance.com/spot-jj

For more information, contact a Pinnacle Financial Services representative today

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

Cody Johnson

Cody Johnson

Director of Sales | Health

x7723 | jjohnson@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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Cross Selling Hospital Indemnity Plans

Cross Selling Hospital Indemnity Plans

Cross Selling Hospital Indemnity Plans
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The art of cross-selling is something that can be learned and can turn an average Medicare Advantage producer into a highly successful one. Ask any successful Medicare Advantage agent what they are most likely to cross-sell with every Medicare Advantage plan and you’ll likely hear the same response… Hospital Indemnity.

Medicare is definitely important for a senior to have but it may still leave gaps in coverage that a policyholder is responsible for. Most Medicare Advantage plans don’t start covering hospitalization until the 6th or 7th day of an inpatient stay. An average hospital stay can cost over $10,000 dollars which can be devastating for any senior.

Hospital indemnity insurance is a type of insurance that provides coverage for the costs associated with a hospital stay and typically pays directly to the policyholder. It is typically sold as a supplement to a person’s Medicare Advantage plan, which may not cover all of the costs associated with a hospital stay.

If you are considering selling hospital indemnity insurance, it is important to understand the product and be able to explain its benefits to potential customers. Some of the key benefits of hospital indemnity insurance include:

  • Coverage for costs that may not be covered by a person’s Medicare: Hospital indemnity insurance can help pay for expenses such as co-payments, deductibles, and other out-of-pocket costs.
  • Financial protection: Hospital stays can be expensive, and hospital indemnity insurance can provide financial protection for individuals and families in the event of a hospitalization.
  • Flexibility: Hospital indemnity insurance policies are typically flexible and allow policyholders to choose their own doctors and hospitals, rather than being tied to a specific network.
  • Hospital indemnity plans help bridge the gaps left open by a Medicare Advantage plan by providing a cash payout directly to the policyholder.

What are the Benefits of a Hospital Indemnity Plan?

  1. Hospital Confinement Co-Payment Coverage- Up to 31 Days
  2. Ambulance Transportation
  3. Emergency Room Coverage
  4. Skilled Nursing Facility Benefits

Here at Pinnacle Financial Services, we offer a diverse portfolio of Hospital Indemnity Plans that an agent can customize to best fit the needs of their client. Commissions are paid out in a matter of days, even during AEP. Please reach out to our team to find out more about contracting with and marketing these plans.

For more information, contact a Pinnacle Financial Services representative today

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

Cody Johnson

Cody Johnson

Director of Sales | Health

x7723 | jjohnson@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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Selling Cancer Insurance

Selling Cancer Insurance

Selling Cancer Insurance
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Selling Cancer Insurance should be a part of every agent’s offerings to their client. Cancer is the 2nd leading cause of death in the US right behind heart disease. According to the American Cancer Society, approximately 40% of men and 39% of women will develop cancer over their lifetime. While Medicare or other health insurance plans have coverage for the expenses related to diagnosing and treating cancer, most still leave many coverage gaps that can have a substantial impact on a client’s finances.

Types of Cancer Insurance

There are two primary types of cancer insurance, traditional and a “Lump Sum” cash benefit. These plans can be structured in different ways. An expense-incurred plan will pay out a percentage of treatment costs up to a certain dollar amount. An Indemnity policy pays a fixed amount for each benefit outlined in your policy. GTL’s Precision Care policy is a perfect example of a “Lump Sum’ policy. They offer a good base policy along with offering additional riders for maximum coverage and genome sequencing included. If you are not currently contracted with GTL reach out to your marketer at Pinnacle and they can get you ready to sell right away.

Cancer Insurance Made Easy

Here at Pinnacle, we have an array of tools that make selling these plans very simple. Form our online quoting tools to the wealth of information we make accessible to the agents who partner with us. Cancer insurance has unfortunately become a necessity to most health insurance agents and the clients they serve. The carriers we represent here at Pinnacle also have their individual quoting and enrollment tools that offer cancer plans.

As a one-stop-shop for agents working in the senior market, we prioritize showing the agents the importance of having these plans as part of their portfolio. Please reach out to your Pinnacle sales team so we can set you up with the carriers that cater to individuals in your selling area.   We can be reached at 1-800-772-6881 x7731 or Sales@pfsinsurance.com.

For more information, contact a Pinnacle Financial Services representative today

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

Cody Johnson

Cody Johnson

Director of Sales - Health

x7723 | jjohnson@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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Scope of Appointment 2021

Scope of Appointment 2021

Scope of Appointment 2021
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The Scope Of Appointment has always been a key part of the selling process when it comes to Medicare Advantage and Prescription Drug Plans. The Scope of appointment 2021 continues to be required for any Medicare sales meetings or conversations. 

The SOA acknowledges the client’s consent to discuss these types of plans with a licensed agent (click here for a copy). This not only keeps the appointment process compliant but gives the potential client a concrete understanding of the information that will be presented. As technology has improved and the needs and abilities of those in the senior community have broadened, new ways of capturing the Scope Of Appointment have been made available to agents.

Scope of appointment: Email and text

Gone are the days when agents were required to capture the Scope Of Appointment 48 hours before discussing plans with their client. The Scope can now be completed at the time of appointment although it must be completed before any plans are discussed. Here at Pinnacle Financial Services, we have multiple online enrollment platforms that will allow an agent to capture the scope through paper, email, and even text messages.

Back office support

Pinnacle has a fully staffed enrollments department which allows the agents we partner with to send us a copy of their scopes so that they will be saved and readily available if needed.  Please reach out to our Pinnacle team to find out more about the support, tools, and technology we offer as well as additional information on the Scope of Appointment processes and procedures.

For more information, contact a Pinnacle Financial Services representative today

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

Cody Johnson

Cody Johnson

Director of Sales - Health

x7723 | jjohnson@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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Free Medicare  Advantage Text-to-Enroll

Free Medicare Advantage Text-to-Enroll

Free Medicare Advantage Text-to-Enroll
Comments

Our free Medicare Advantage text to enroll service is changing how agents do business. Historically, writing a Medicare Advantage app has been a face to face sometimes even multiple appointment ordeal. A lot of seniors have become more knowledgeable about Medicare and the options available to them as they turn 65. Agents have longed for a compliant way to shorten this process and also service a population of seniors who did not have the need or desire to meet in person.

Free Broker Enrollment Platform

Here at Pinnacle, we are thrilled to be able to offer our agents a compliant, easy to navigate platform that has changed the lives of not only the agents but the seniors they serve. Through our Connect4Medicare online enrollment platform, Medicare Advantage applications can be written remotely and we are thrilled to have added our Text To Enroll feature this past year. There is a certain population of seniors who do not have access to or do not know how to use a computer. The far majority of those seniors have cellphones. Through our platform, an agent can send a Scope of Appointment and also let the client finalize the application through text message.

Using Connect4Medicare

Pinnacle Financial Services offers weekly webinar training on this Text To Enroll feature. Current world events have actually made this technology more of a necessity than a luxury. Insurance agents servicing the senior market need the tools and technology to serve their clients in a way that suits their needs, situation and to ensure their comfortability.

Connect4Medicare and its text to enroll feature has created a user-friendly way to ensure this is possible. Please reach out to Pinnacle Financial Services (contact our team) for more information.

For more information, contact a Pinnacle Financial Services representative today

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

Cody Johnson

Cody Johnson

Director of Sales - Health

x7723 | jjohnson@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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