Wellcare | Product Pointers – Low Income Subsidy (LIS) Plans

Wellcare | Product Pointers – Low Income Subsidy (LIS) Plans

Wellcare | Product Pointers – Low Income Subsidy (LIS) Plans
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At Wellcare, we understand some beneficiaries have limited income and resources, but don’t qualify for a zero cost-share Dual Eligible Special Needs Plan (D-SNP). That’s why we offer Low-Income Subsidy (LIS) plans designed specifically for members who receive the LIS (also known as Extra Help) from the government, for assistance with Medicare Prescription Drug plan costs.

Key Features

  • Low-Income Subsidy (LIS) plans are specifically designed to complement the government’s LIS program.
  • More meaningful medical and supplemental benefits focus on members’ overall health, as prescription needs are addressed by the subsidy.
  • Ideal for beneficiaries who receive Extra Help for Part D from the government, but do not qualify for a zero cost-share D-SNP, and are seeking richer benefits than those offered by a $0 premium plan.
  • Additional competitive benefits are available in full dual eligibility plans as well.
  • NEW for 2024 – Beneficiaries with incomes up to 150% of Federal Poverty Guidelines, and resources at or below the limits for partial LIS benefits, are now eligible for full LIS benefits.

Please note that it is important to fully understand LIS status at the point of enrollment in order to properly articulate premium, deductible and copays, and select the best plan match for your member.

More information about Wellcare LIS plans is available in the resources below:

LIS Fact Sheet

LIS Product Overview Video

As always, thank you for your continued partnership!

For more information, contact a Pinnacle Financial Services representative today

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

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Wellcare | Product Pointers – Low Income Subsidy (LIS) Plans

wellcare | Product Pointers – 2024 Key Highlighted Plans

wellcare | Product Pointers – 2024 Key Highlighted Plans
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With plans and products now offered nationwide, Wellcare continues to provide competitive benefit options that meet the needs of a wide variety of beneficiaries. In many of our markets, we are pleased to offer a variety of plans that can be especially beneficial to the growth of your business. Known as “Push Plans“, these products offer unique benefits and new features that make them excellent primary options for beneficiaries with diverse individual needs.

Take a few moments to review highlights for some of the key selling features of our 2024 Push Plans and how they complement unique beneficiary needs:

  • $0 or low-premium plans – Value-conscious shoppers will appreciate the monthly cost savings these plans offer while still supplying a variety of extra benefits.
  • D-SNP plans – Medicare and Medicaid dually eligible participants may choose these plans which all include the Wellcare Spendables™ benefit card and $0 prescription drugs.
  • LIS plans – Beneficiaries receiving the Low-Income Subsidy and those with certain chronic medical conditions qualify for these plans featuring a Medicare Part B premium giveback option.
  • Patriot plans – Premium giveback or no premium options make these plans a good fit for veterans or others who may have their prescription drugs covered by another source.
  • HMO, HMO-POS and PPO plans – Members can choose the type of network that best fits their needs, with options that offer in-network or out-of-network cost share flexibility when choosing between these plans.
  • PDP plans – Beneficiaries wishing to stay with original Medicare but still obtain lower drug out-of-pocket costs may need a stand-alone prescription drug plan.

Note: Not all plans are available in every state. Please visit WellcareFirstLook.com to view the plan details and individual key selling features, found at the top of each sub-region page, for the plans available within a specific market.

For more information, contact a Pinnacle Financial Services representative today

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

Contact a Pinnacle Representative if you have any questions.

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

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Sentinel Security Life | 3-Year MYGA Rates Will Increase November 17th, 2023

Sentinel Security Life | 3-Year MYGA Rates Will Increase November 17th, 2023

Sentinel Security Life | 3-Year MYGA Rates Will Increase November 17th, 2023
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Sentinel Security Life Insurance Company (“Sentinel”) is excited to announce an increase in its 3-year MYGA rates across all states!

Effective Friday, November 17, 2023, Sentinel will increase its Personal Choice Annuity 3-year MYGA rates by 40 basis points in all states. The new 6.00% 3-year rate, effective in most states, will be among the highest non-fee-based 3-year MYGA rates offered by carriers rated B++ or higher in our marketplace, according to Annuity Rate Watch¹.

See Our Market-Leading¹ Rates Taking Effect Monday HERE!

Please note:

  • Effective Friday, November 17th, this new rate will be applied to all new and pending applications.
  • The new rates will not be applied to in-force policies. In-force policies will continue to receive their current rates.
  • Please reference the annuity rate sheet below before speaking with clients about these rate adjustments.
  • Updated materials reflecting these changes will be available on the Agent Portal on Friday, November 17th.

With a higher, market-leading 3-year rate, Sentinel’s Personal Choice Annuity can help you maximize rates for your clients and help them prepare for retirement.

Thank you for your continued support in choosing Sentinel!

For more information, contact a Pinnacle Financial Services representative today

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

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

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Global Atlantic | Have you seen our great rates? Check these out!

Global Atlantic | Have you seen our great rates? Check these out!

Global Atlantic | Have you seen our great rates? Check these out!
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9.50% S&P 500 One-year Point-to-Point with pefromance Trigger

12.00% S&P 500 One-year Point-to-Point Cap Rate

Rates like this, it may be time to consider allocating a portion of your client’s portfolio to a fixed index annuity that can offer up to double-digit interest crediting potential, for certain crediting strategies, with no market risk.

For more information, contact a Pinnacle Financial Services representative today

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

Contact a Pinnacle Representative if you have any questions.

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

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Aetna | Spotlight on MA-only Eagle plans

Aetna | Spotlight on MA-only Eagle plans

Aetna | Spotlight on MA-only Eagle plans
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Contact a Pinnacle Representative if you have any questions.

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

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