Quick Reference Guide

Transcription

1 Quick Reference Guide Your guide to learning about our companies and the plans and services we offer.

2 Fast. Simple. Dependable. Better for you and your customers. Table of Contents Medico - Your Partner for Serving the Senior Market...3 Product Availability Chart Medicare Supplement...6 Dental Insurance Portfolio First Diagnosis Cancer Hospital Indemnity...9 Short-Term Recovery Care Final Expense...11

3 Medico Your Partner for Serving the Senior Market Choosing the right insurance carriers to help you serve your customers is important. You need to know you are working with experienced organizations who care as much about your needs as they do about your customers. When you partner with Medico, you can expect: Ease of Doing Business Throughout the entire process from quoting, application submission, underwriting, commissions, claims, and providing customers with online access to policy information Medico has the industry-leading technology and processes to make doing business with us simple, easy, and convenient. Tools to Grow Your Business From sales training, marketing and enrollment tools, you ll have the resources you need to recommend the right products to your customers at the right time. Strong Agent Support When you need personal assistance, count on our knowledgeable and friendly Agent Services team for dedicated support. Complete Portfolio of Products No matter where your customers fall in the stage of planning for health care in retirement, we offer solutions for you to engage, promote, and strengthen the confidence they place in you to help them secure their financial futures. Outstanding Customer Service Our Customer Care team is committed to making our customers feel valued and appreciated by assisting them at their time of need. MyEnroller SM Electronic Application Process The most effective way to enroll your customers in Medico products is by using MyEnroller, our electronic quoting and application tool. It allows you to offer multiple products, including quotes for each, without the need to manually recalculate premiums. Available on your desktop, laptop, or ipad Works with or without an internet connection Allows for quick application processing time Makes it easy to cross-sell Quick Quote Quoting Website Provide a quote even faster with Quick Quote, which allows you to easily: Customize a quote and select any benefit option Create a quote in seconds with NO username or password requirements Visit quickquote.myenroller.com to get started. Be sure to save it as an icon on your smartphone and add it to your internet browser favorites. 30-Day Satisfaction Guarantee If a customer is not completely satisfied with his or her insurance plan, they can simply cancel within 30 days, and we will refund any premium paid minus any claims paid. 3

4 Medicare Supplement Dental Portfolio (1) Hospital Indemnity (1) Available** Discount* Available** Available** Discount* AL A, F, N (2) 12% 7% AR A, D, F, G, N (1) - 7% AZ A, F, HdF, G, N (2) 7% 7% CO A, F, HdF, G, N (2) 7% 7% DE FL - - 7% GA - - 7% IA A, F, G, N (2) 12% 7% ID IL A, F, HdF, G, N (2) Rate Class 7% IN A, F, HdF, G, N (3) Rate Class 7% KS A, F, HdF, G, N (2) 7% 7% KY A, F, HdF, G, N (3) Rate Class - 7% LA A, F, G, N (2) 12% 7% MD A, F, N (1) 7% ME MI A, F, HdF, G, N (2) 12% 7% MN - - 7% MO A, D, F, M, N (1) - 7% MS A, F, N (1) - 7% MT A, F, N (1) - 7% ND NC A, F, HdF, G, N (2) 7% 7% NE A, F, G, N (2) 12% 7% NM A, D, F (1) NV A, D, F (1) - 7% OH A, F, HdF, G, N (2) 7%* 7% OK A, D, F (1) - 7% OR A, D, F (1) - 7% PA A, B, F, HdF, G, N (2) 7%* - RI SC A, F, G, N (2) t 12% 7% SD A, F, N (2) 12% - - TN A, F, G, N (2) t 12% 7% TX A, F, G, N (2) t 12% 7% UT A, F, G, N (2) 12% 7% VA A, F, G, N (1) t 12% 7% VT WA - - 7% WI Basic Plans (2) 12% 7% WV A, F, HdF, G, N (2) 12% 7% WY A, D, F, M, N (1) - 7% 4 (1) Medico Insurance Company (2) Medico Corp Life Insurance Company (3) Medico Life and Health Insurance Company t Plan G available beginning June 1, New HIA63 policy not approved for May 1, 2018.

5 First Diagnosis Cancer (1) Short-Term Recovery Care (1) Final Expense Life (1) Available** Discount* Available ** Discount* Available** % - 10% % % % - 10% % * For complete details regarding household discount eligibility, refer to the application and outline of coverage. ** Not all plans available in every state. 5

6 Medicare Supplement While Medicare supplement insurance plans are standardized, your customers still have a choice when it comes to cost and the company standing behind the policy. With Medico's portfolio of Medicare supplement plans and a long history of serving the senior market, Medico Insurance Company, Medico Corp Life Insurance Company, and Medico Life and Health Insurance Company have the right solution to meet your customers needs. In addition to lowering out-of-pocket costs, a Medicare supplement insurance plan will give your customers the benefit of plan choices, protection when they travel, guaranteed coverage for life, no pre-existing condition waiting period and the freedom to select a doctor or hospital that accepts Medicare. Medicare Supplement Plan Coverage Coverage A B C D F* G K L M N Part A deductible 50% 75% 50% Part A hospital co-insurance ( days) Part A hospital up to an additional 365 days once lifetime reserve days end Part A and B pints of blood Hospice Part A co-payment and co-insurance 50% 75% ** Part B deductible Part B excess charges Foreign travel emergency 80% 80% 80% 80% 80% 80% * Plan F also offers a high-deductible plan. If you choose this option, this means you must pay for Medicare covered costs up to the annual deductible before your Medicare supplement plan pays anything. ** Except for co-payments of up to $20 for office visits and up to $50 for emergency room visits. 6

7 Dental Insurance Portfolio Good oral health can lead to an improved quality of life and help avoid unforeseen situations that could be painful, inconvenient, and expensive. Medico s dental insurance plans make it easy to give oral health the attention it deserves so your customers can focus on being vibrant and healthy. And with simple, easy plan options to choose from, you can help protect your customers' smiles and budgets. Plan Options Dental Dental-Vision-Hearing 1000 or 1500 Dental Plus Annual Deductible $100 $100 $100 Annual Max Benefit $1,000 $1,000 or $1,500 $2,500 Dental Coverage PLAN PAYS Preventive Services Evaluations, cleanings, and x-rays 100% (3-month waiting Coverage Year 1 = 60% Coverage Year 2 = 70% Coverage Year 3 and thereafter = 80% (3-month waiting 80% (3-month waiting Basic Services Diagnostic x-ray, fillings and nonsurgical extractions 50% (6-month waiting Coverage Year 1 = 60% Coverage Year 2 = 70% Coverage Year 3 and thereafter = 80% (No waiting 80% (6-month waiting Major Services Bridges, crowns, dentures, surgical extractions, root canals and periodontal services 50% (12-month waiting 60% (12-month waiting 50% (12-month waiting Vision Coverage PLAN PAYS Vision Services Exams and hardware (eyeglasses and contact lenses). Up to $200 in any two plan years Not included Coverage Year 1 = 60% Coverage Year 2 = 70% Coverage Year 3 and thereafter = 80% (No waiting period on exams, 6-month waiting period on hardware) 50% (12-month waiting Hearing Coverage PLAN PAYS Hearing Services Exams, hearing aids, and repairs. Up to $500 per policy year Not included Coverage Year 1 = 60% Coverage Year 2 = 70% Coverage Year 3 and thereafter = 80% (12-month waiting 50% (12-month waiting 7

8 First Diagnosis Cancer Unfortunately, almost everyone knows someone who has been diagnosed with cancer. Even with medical health insurance, cancer patients can still be hit with numerous unexpected expenses. By having a lump-sum cash benefit in place, your customers can help offset the financial burden if cancer strikes. Make sure your customers are aware of the many out-of-pocket costs related to a cancer diagnosis and how a Medico cancer plan can help protect their income and savings. Policy Benefits Issue Ages age last birthday Covered Benefits The policy pays cash in one lump sum upon pathological diagnosis of internal cancer or malignant melanoma (this excludes all other skin cancers). Plan Options $10,000, $15,000, $20,000 or $25,000 Optional Inflation Protection: Automatically increases the cash benefit amount 5% of the original cash benefit amount each year the policy is in force. Underwriting Simplified Application Household Discount 10% Household Discount Policy Maximum Benefit maximums may vary according to plan options. 8

9 Hospital Indemnity (HIA63 Policy) Even with the best primary insurance plan, when your client is hospitalized for an injury or illness, there will probably be medical expenses and out-of-pocket costs that aren t covered. A hospital indemnity insurance plan provides cash benefits to use however your client wants. The benefits are preset and paid regardless of any other insurance your client may have. Whether your client wants a plan that provides hospitalization benefits only, or one that also covers outpatient rehabilitation, outpatient surgery and skilled nursing facility benefits, Medico s Hospital Indemnity (HIA63) coverage can provide comfort and security during a difficult time. Policy Benefits (HIA63) Availability Issue Ages years of age Available May 1, 2018 in the following states: Plan Options Optional Benefit Riders Underwriting Household Discount Pays for each day of confinement in a hospital. Choose the number of days per period of confinement (6, 7, 8, 9, 10, 21 or 31 days) and the amount per day from $100 - $600 in $25 increments. Observation Unit Benefit Emergency Room Benefit Inpatient Mental Health Benefit Travel and Lodging Benefit Ambulance Services Outpatient Therapy and Chiropractic Services Skilled Nursing Facility Lump Sum Cancer Outpatient Surgery Urgent Care Center Lump Sum Hospital Confinement Simplified Application 7% Household Discount - Not Available in PA Alabama, Arkansas Florida Georgia Illinois Indiana Iowa Kansas Kentucky Louisiana Michigan Minnesota Mississippi Montana Nebraska Nevada Oklahoma Oregon Pennsylvania Texas West Virginia Wisconsin 9

10 Short-Term Recovery Care Unexpected illness or injury can quickly drain your customers savings and retirement funds. Short-Term Recovery Care helps fill coverage gaps for clients who cannot afford or qualify for long term care insurance or those who have long term care insurance but need to supplement coverage during their waiting period. A Short- Term Recovery Care plan provides comprehensive coverage with several benefit options including benefit duration, wait period and daily benefit amount. We are the only base policy on the market that covers all five major confinement situations (home health, nursing facility, adult day care, assisted living and hospice care), allowing customers the flexibility to make decisions at the time care is needed. Policy Benefits Issue Ages age last birthday Nursing Facility Confinement Assisted Living Facility Confinement Covered Benefits Home Health Care Adult Day Care Hospice Care Daily Benefit Amounts between $100 - $300 in $10 increments. Pays actual charges up to the selected daily amount Plan Options Choose Elimination Period: 0, 15 or 30 days Lifetime Maximum Benefit Period Options of 120, 240 or 360 days Includes a Bed Reservation Benefit and One-time Restoration of Lifetime Maximum Benefit Period Optional Benefit Riders Survivorship Benefit Rider Inflation Protection Rider Underwriting Simplified Application Household Discount 10% Household Discount 10

11 Final Expense The death of a loved one may bring distress to the survivor. All too frequently, this hardship is compounded by a financial loss that could have been minimized or eliminated altogether with adequate life insurance. Your client may think that a final expense policy is needed only to pay for a funeral. There are many other financial needs that can be met with a Final Expense Whole Life Insurance Policy, such as estate settlement costs, income replacement, outstanding debts, or maybe even a college fund. Level Benefits Graded Benefits Issue Ages Age Age Age Age Covered Benefits Immediate Death Benefit No benefit for the first two years for nonaccidental death: However, premiums paid will be returned, less any policy loan, plus 10% interest on the total premium. Plan Options Ages 50 through 70 - $2,000 - $50,000 (available in $1,000 increments) Ages 71 through 85 - $2,000 - $25,000 (available in $1,000 increments) Ages 50 through 70 - $2,000 - $50,000 (available in $1,000 increments) Ages 71 through 85 - $2,000 - $25,000 (available in $1,000 increments) Accelerated Benefits Nursing Home - (expected to be confined until death) Terminal Illness - (life expectancy is 12 months or less) These benefits provide a benefit of 80% of the Death Benefit less any policy loan in lieu of the Death Benefit. If this option is chosen, the remaining benefits are not payable. Nursing Home - (expected to be confined until death) Terminal Illness - (life expectancy is 12 months or less) These benefits provide a benefit of 80% of the Death Benefit less any policy loan in lieu of the Death Benefit. If this option is chosen, the remaining benefits are not payable. Underwriting Simplified Application Household Discount No 11

12 Solutions to help your customers secure their financial futures. Medico Insurance Company has a proven track record of providing quality insurance solutions to Americans since You can effectively provide needed coverage to your customers because Medico Corp Life Insurance Company and Medico Life and Health Insurance Company offer Medicare Supplement insurance, and Medico Insurance Company offers a complete portfolio of products. Each product is designed to fill coverage gaps to help your customers secure their financial futures backed by outstanding customer service and excellent agent support. Rated A- (Excellent) by A.M. Best (March 2017) For the latest rating access Want to learn more about our company? Contact us at one of the following numbers or access our agent website at mic.gomedico.com. Customer Service Department: Medico Insurance Company Call: Fax: Underwriting Department: Call: Medico Insurance Company Fax: / Medico Corp Life Insurance Company Fax: Medico Life and Health Insurance Company Fax: Agent Services Department: Call: option 3 Fax: Mailing Address: Medico Insurance Company Administrative Services PO Box Des Moines IA Medico Corp Life Insurance Company Administrative Services PO Box Des Moines IA Medico Life and Health Insurance Company Administrative Services PO Box Des Moines IA This brochure is intended to provide a general description of the policy/certificate benefits. Plans, policy/certificate provisions and benefits may vary from state to state. Please see the policy/certificate for further details including policy limitations and exclusions. FOR AGENT USE ONLY; NOT FOR CONSUMER SOLICITATION Medico is a registered trademark owned and licensed by Medico Insurance Company. MyEnroller SM is a servicemark owned by the American Enterprise Group, Inc Medico Insurance Company US