Seniors Choice Group Retiree Medical Plan
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This document provides information about Seniors Choice Group Retiree Medical, a Medicare supplement plan for retirees and employees aged 65 and over. It offers comprehensive benefits like multiple deductible options, no medical underwriting, access to any Medicare provider, and creditable Part D prescription drug coverage. Seniors Choice can be purchased by employer groups of any size down to just one life. It aims to control rising healthcare costs for employers by carving out seniors onto this separate plan.
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Seniors Choice Group Retiree Medical Plan
- 1. Seniors Choice Group Retiree MARK LANE GARITYADVANTAGE AGENCIES
- 2. About Us
- 3. National Field Marketing Organization Senior Market
- 4. Medicare Advantage Medicare Supplement Prescription Drug Hospital Indemnity Group Retiree Medical Final Expense Senior Dental Critical Illness STC/LTC
- 5. Our Value Exceptional Service Comprehensive Training Marketing Support Lead Programs Market Expertise We’ll show you the path to your success!
- 6. Merchants Benefit Administrators, Inc. (MBA) Third Party Administrator, Scottsdale, AZ 15+ years administering Seniors Choice Trust is over 20 years old
- 7. Guarantee Trust Life (GTL) Mutual Reserve Insurance Co Founded in 1936 Health Accident Life Special Risk
- 8. National Guardian Life Groups 250 + or…
- 10. Seniors Choice Group Retiree Medical
- 11. What is it? Group Medical Plan Retirees 65+ Active Employees* 65+ Medicare Parts A & B must be active Medicare must be primary
- 13. #1 Employer concern is rising employee benefit cost Finding innovative ways to control those costs gives you an edge in getting (or keeping) their group business.
- 14. Who’s it for??
- 15. Tax Equity & Fiscal Responsibility Act of 1982 TEFRA
- 16. 20 + = Medicare Secondary
- 17. 1 - 19 = Medicare Primary Non - TEFRA
- 18. Large Companies At least 20 + Employees
- 19. Seniors Choice is a Group Retiree Plan
- 20. Group Medical and Rx coverage Retirees only Contributory or non-contributory Creditable Part D Plan Brand Name Coverage through the Gap
- 21. For small companies Fewer than 20 employees or just 1
- 22. Seniors Choice is a Group Medical Plan for working, benefit eligible employees as well as retirees Available down to 1 life Must be 65+ Must have Medicare Part A & Part B
- 23. Why is carving out Seniors a good idea?
- 24. Reduces the average age of the group = Lower Group Rates
- 25. Lower Rates =
- 26. Employer Contributions are still deductible as Employee Benefit expenses
- 27. Improves coverage and lowers costs for 65+ Reduces out of pocket costs vs most benefit plan designs
- 28. Seniors Choice Features
- 29. Multiple Deductible Options $0 deductible - $4,000
- 31. See any Medicare Provider
- 32. Extends Hospitalization Coverage 365 Days beyond Part A
- 33. No Primary Care Physician
- 35. Creditable Part D Coverage
- 36. Foreign Travel Emergency Care 1st 60 days outside the $50,000 Lifetime USA max
- 37. Eligibility Must be sponsored by an employer group May be sold to: Proprietorships Partnerships LLC’s Corporations Unions Government Entities Non-Profits
- 38. 8% years 1 & 2 7% years 3+ Commissions not payable on Administration Fees
- 39. Questions??
- 40. GARITYADVANTAGE AGENCIES The Path to Your Success! www.garityadvantage.com 1-800-234-9488 mlane@garityadvantage.com Thank You!