Aetna | AEP Updates and Wrap-Up Information

Aetna | AEP Updates and Wrap-Up Information

Aetna | AEP Updates and Wrap-Up Information
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As we head into the last part of AEP, we want to thank you for all of your hard work and partnership. We’re excited about the feedback we’re hearing from all of you. That said, we’ve received a number of questions about some of our new benefits and plans. In this email, we want to make sure you have the comprehensive information you need to support your clients and help them get the full value of their plan. Specifically, we’ll address:

  • Fitness reimbursement benefit
  • High-value provider bonus benefit
  • Reminders for narrow network plans
  • Finishing AEP strong: Ensure all enrollments are processed

Fitness Reimbursement Benefit Clarification

In 2024, some non-SNP Aetna Medicare plans offer a fitness reimbursement benefit. With this benefit, members can be reimbursed for eligible activities and supplies that improve fitness and health outcomes.

To ensure you and your clients understand how this benefit works, we’ve created a new guide. It provides clarity on the reimbursement process.

We’ve also updated our broker flyer on this benefit. Be sure to check out the new version.

Help Clients take Advantage of the new High-Value Provider (HVP) Bonus Benefit

In 2024, some plans offer a new HVP bonus benefit. With these plans, eligible members can receive increased funds loaded onto their Extra Benefits Card by selecting a primary care provider (PCP) from a designated HVP group.

Please ensure your clients know they must select a PCP from one of these HVP groups as one of the requirements to receive this benefit.

Remember, you can find a list of participating HVP providers on Producer World. These providers appear with a special indicator in most provider search tools.

Clients who’ve already enrolled in one of these plans can call Member Services to add or update their PCP on file to an HVP.

Remember, for narrow network plans, ensure your clients select an in-network PCP

For 2024 plans that have a narrow network, like Prime plans, please encourage your clients to select an in-network PCP when they enroll. Or if they already enrolled without one, they can call Member Services to change their PCP on file. This is especially important for narrow network plans because if beneficiaries don’t select a PCP when they enroll, we will auto-assign one.

Finish AEP Strong

Review AEP Enrollment Deadlines

  • December 7: All AEP enrollment applications must be completed, signed, dated, and received by the agent no later than 11:59 PM, December 7, 2023.
  • 48 hours: We must receive signed enrollment applications within two calendar days after you receive them from beneficiaries.
  • December 9 is the last day to submit all applications that were signed and dated December 7, 2023.

If you receive a completed enrollment application after AEP ends on December 7, do not hold or destroy it. Under CMS rules, you must still submit it to us within two calendar days as noted above. We then will process or deny the enrollment as appropriate.

Ensure your enrollments are processed – Encourage clients to contact us if their enrollment is pending due to a request for information (RFI)

You can check the app status report in Producer World to see if any enrollments are in a “pending RFI” status. Encourage these clients to call us so we can verify any outstanding items and finish processing their enrollment. They should call the customer service number in the message we leave or the letter they receive.

If we’re not able to reach them (within 21 days or by the end of the enrollment period, whichever is longer), their application will be denied.

We wish you a happy Thanksgiving!

We appreciate your partnership! If there is any way we can help during AEP, please contact your local Aetna Medicare Broker Manager. Or reach out to Aetna Medicare Broker Services at 1-866-714-9301 or brokersupport@aetna.com.

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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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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support@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
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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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Contact a Pinnacle Financial Service representative today for assistance.

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