So, what are they going to do? Does Medicare … We will provide some specifics on the why and what do to. There are a few benefits which the company offers to its clients which are not available among similar plans of other companies. July 15, 2020 – Last day we will accept Medicare Supplement applications for review and underwriting that were signed on or before June 30, 2020. Equitable calls their Medicare Supplement Plans EquiChoice, but they follow the standardized letter-coded plans that are in use in most states. Higher medical expenses lead to higher premiums. Recent Articles. One of my rules I use personally and teach to my agents regarding Medicare is to never even consider an insurance company with a rating low than “A-”. Of the eleven possible standardized plans, Equitable offers four. Equitable National Medicare Supplement Plans offer peace of mind to the company’s clients. Florida License #W176030 - National License (NIPR) #765847, Equitable Medicare Supplement Plans (Another One Bites the Dust), Loyal Christian Benefit Association Withdrawal of Medicare Supplement Business, How to Research a Medicare Supplement Plan Insurance Company, FDA Recalls Blood Pressure Medication Due to Cancer Risk, IG Report on Medicare Advantage Denial of Service. You will find those rules and more in the latter half of my Hidden Risks video. Suite 103, Jupiter, FL 33458. Equitable began offering Medicare Supplement products in the year that Medicare was introduced. These three plans are supplement plan F, G, and N. All these plans include basic cost coverage that pays for: Similarly, Medicare Supplement Plan N also excludes Medicare Part B deductible from coverage. Medicare Supplement Products ENL will offer Medicare Supplements in a total of 34 states nationwide. Once a person understands Medicare and the choices you must make, the next step is helping identify a plan that fits your needs and your budget. Everything about Transamerica Medicare Supplement Plans, American Republic Corp Insurance Company- A Review. They don’t have to fight any Medicare battle alone. It usually leads to their being bought out by a larger insurance company within just a couple years. If you have not seen our Medicare Advocate video, you should. In Medicare, going, I have other rules that would have helped anyone avoid Equitable. This tradition continues with the introduction of Fixed … Equitable National Medicare Supplements are available to all Utah beneficiaries, ages 65 and older, who are enrolled in Medicare Part B. With a 7% Household Discount and a handy e-app option, Equitable National is a great Medicare Supplement … This is exactly what Equitable has been doing and what has led them to exit the Medicare supplement market today. The bigger issue or concern is that the lower rated companies are typically smaller and will mold their business to that which is most profitable. The company offers 4 EquiChoice Medicare Supplement … Other additional benefits that accompany pre-defined Medicare Supplement Plans make the company an attraction among current and potential policyholders. These features include: The company offers three most popular plans along with the only mandatory supplement plan, Plan A. But these videos are also used by medical professional to train office staff and by other insurance agents hoping to learn enough about Medicare to advise others. They are rated (B) with A. M. Best and offer competitive Medicare. The parent company seems reliable according to A.M Best ratings. If you would like our advice and guidance in choosing a Medicare plan, please call us at 800-847-9680. Portability of coverage across different job and employment history of the client; Renewability, the policyholder is entitled to renew the plan after the expiry of the policy period; All these benefits make a complete package of Medicare Supplement Plan A. If you are shopping for a Medicare Supplement Plan N, Equitable National is one option. There are literally dozens of videos on Medicare that are designed to help anyone learn what they need or wish to know about Medicare. No content from this site may be reproduced without permission. Equitable National Medicare Supplement Plans cover 34 different states and carry the advantage of the portability of plans across employments. As a result and similar to the announcement you may have received in recent weeks from Equitable … I have witnessed several insurance companies leave the Medicare supplement market in just the last three years. Equitable National Life Medicare Insurance is one of the top-most Medicare Supplement services available because of the attached financial feasibility of the providing company. Accordingly, the company attracts a remarkable success rating of A+ showing high levels of customer care and effective policies. What is Medicare? All rights reserved. Other additional benefits that accompany pre-defined Medicare Supplement Plans … It’s also about getting the most out of life today. In 1965, Medicare Supplement Insurance was developed, followed by Equitable beginning to develop and market Long-Term Care products in 1974. If you want to know what to do, read on. ENL Claims Fax Fax: (801) 415-0953 . Difference is L&C was in the Medicare business 30 years before bailing. Again, they can’t afford to support marginal portions of their business. SNL AGENT LOG-IN. Another Medicare supplement company has announced it is exiting the Medicare Market. It covers all Medicare Part A & B coinsurance amounts and the first three pints of blood each year. Equitable National Life Medicare Insurance Plans Equitable Medicare Supplement Plan G, Your email address will not be published. Equitable National announced this week that as of June 30, 2020 they will no longer offer Equitable Medicare supplement … Most people assume that I avoid a lower rated insurance company because it might go out of business. Beginning 8/1/2020, ENL business will be administered by AMR and policy status will display as "lapsed". by Matthew Claassen | Jun 1, 2020 | Medicare, Medicare News, Medicare Supplement Plans, New To Medicare. You also need to ensure the reliability of the insurance provider, their customer care level, and their investment success. If you want to be certain you have the right Medigap plan coverage and are paying no more than you have to, we can help. We can help you through either our public Medigap plan and Medicare online seminars or through private no-obligation consultation. Equitable National announced this week that as of June 30, 2020 they will no longer offer Equitable Medicare supplement … Equitable National Life (ENL) MedSupp Contacts. ENL Mailing Address PO BOX 11547 Winston … The annuity sales bring a high premium to the company share price. Does Medicare Cover Chiropractic, Acupuncture, And Physical Therapy? 1-800-847-9680 or 561-536-5565 - Matthew Claassen, CMT, Equitable Medicare Supplement Plans Fade Away, If you own an Equitable Medicare supplement plan you will very likely be facing out sized price increases in the relatively near future because you are now in a “Closed Pool”. Get the best Medigap plan for you at the best price possible.You can also visit my agency website at ShieldInsuranceSolutions.com or call at 800-847-9680. Better Business Bureau’s review for the company, Equitable National Life Medicare Insurance Plans. If you own an Equitable Medicare supplement plan you will very likely be facing out sized price increases in the relatively near future because you are now in a “Closed Pool”. In 2018 they announced they would discontinue selling Medicare supplement plans in five states, Georgia, Idaho, Illinois, Montana and North Dakota. A financial professional can help you personalize a life insurance plan … It happens every year and will continue in the years ahead. If Equitable Medicare Supplement Plans were discussed at all during this process, our client would learn early on why we  avoided them. So, how do Equitable National Medicare Supplement Plans appear from the perspective of their company’s performance? Or, as is the as with Equitable Medicare supplement plans and many others, exiting Medicare and leaving you in a closed pool. The long life of the company creates a higher level of trust among existing and potential clients. Your email address will not be published. They are currently rated B+ by A.M Best, which is a very recent upgrade from B announced in October 2019. Sterling National Agents can click above to access the agent portal. When you don’t have an “A” rating, you don’t have the cash to provide a cushion or leeway. ENL MedSupp/Agency Phone: (888) 996-1619 Fax: (336) 759-3141 . No one young and healthy can be added to your pool of insured policyholders, leaving only those with higher medical expenses in your plan. Equitable Life & Casualty Medicare Supplement Offerings Equitable offers four of the 10 Medicare Supplement (Medigap) plans standardized by the federal government: A, F, N, and G. Sold under the … Equitable is a Utah based insurance company that is committed to providing dependability, quality, and value for seniors. Nothing about this company indicates it would be a good long-term choice for a person entering Medicare. SNL AGENT LOG-IN. ... Looks like they may be doing the same with Equitable National. This is the same person that founded CONSECO, a company with a very interesting history. #MedigapSeminars #MedicareSeminars  #MedicareExplained #Medicaresupplements #MedicareSupplementPlans #Medicare #MedigapPlans  #MedicareSupplementPlans2020. With 10,000 Americans turning 65 every day, there has never been a better time to be an agent in the Senior Market. A simple review of SILAC’s management shows this to be a company with a history of buying smaller companies, improving profitability then selling them four or five years down the road. In the end, the company offers best packages which are most popular among clients. Here is a challenge that will help you answer that question. Then scroll through page after page of insurance brokerages soliciting Equitable Medicare supplement Plans. Equitable Life Medicare Supplement Plans Active for over 80 years and offering top quality health insurance plans, coupled with a friendly, customized and advanced service to consumers nationwide, Equitable Life & Casualty Medicare is a leader in the Medicare Supplement … That’s it. Equitable National announced this week that as of June 30, 2020 they will no longer offer Equitable Medicare supplement plans. Medicare Supplement coverage through Equitable … Medicare Supplement policies and Medicare Advantage plans (Medicare Part C) serve two different purposes. by Matthew Claassen | Jun 1, 2020 | Medicare, Medicare News, Medicare Supplement Plans, New To Medicare. Because they needed to protect their AM Best rating, the solution was to cut them. Are Celtic Medicare Supplement Plans A Good Fit for You? Equitable National Medicare Supplement Plans cover 34 different states and carry the advantage of the portability of plans across employments. Another Medicare supplement company has announced it is exiting the Medicare Market. They’re a well-known carrier with moderate to low rate increases. Equitable-National-medicare-supplement-plans. Matthew Claassen is an independent Medicare insurance broker specializing in Medicare plans. Life insurance is a smart addition to any financial plan … An obvious added value is our After-the-Sale customer service. Just applying my first rule would have helped anyone researching Medicare supplement plans avoid this disaster. Our clients have quite an advantage knowing that whatever problems arise with their Medicare, they have an experienced professional they can lean on for help, at no charge. Where that video is a very detailed presentation, I will highlight the only portion relevant to the situation with Equitable here. Equitable National Life Insurance Company provides four different Medicare Supplement … # Medicare #MedicareSupplement   #MedicareExplained #MatthewClaassen #IndependentMedicareInsuranceBroker #MedigapSeminars #MedicareInsurance #IndependentMedicare #InsuranceBroker #SupplementPlans #OfferMedicare #NewMedicare #SupplementPlan #MedigapPlan #ChooseMedicare #Medicareplan #MedicareAdvantage #MedicareB #MedicareA #MedicareF #MedicareG #MedicareN #MedicarePartA #MedicarePartB #CarriersCoastToCoast #RightMedicare #Medicare #MedicareHMO #MedicarePPO #MedicarePFFS #MedicareSNPs #MedicareHMO #MedicarePOS #MedicareMSA. Are we unique? Anyone who has seen our educational videos on Medicare knows of the focus we put on educating the consumer to make an informed decision. Equitable’s B rating that it carried through most of the 2010 through 2019 time period is three grades lower than an A-. The higher rating is B++ and then followed by A-. Please see our other videos and our articles.I have an entire library of free educational Medicare videos at MedigapSemars.org Just click the links above to see the videos or request your free quote comparison. Florida License #W176030 – National Producer # 765847. But with three decades of experience in this industry and a background in finance, I can help you select an insurance company that is less likely to surprise a person with unusual price increases. Receive prompt, personal, and professional service with Equitable Medicare Supplement Plans. Keep in mind Equitable National is not unique. I have other rules that would have helped anyone avoid Equitable. Does Medicare Cover Assisted Living, Hospice, In-Home, Or Nursing Care? If you have not seen our, Medicare Supplement Plans Benefits & Hidden Risks, Most people assume that I avoid a lower rated insurance company because it might go out of business. They are currently a B+ rated company. Ever. SILAC is founded by Stephen C Hilbert. The same thing other small insurance companies have done in the past three years, focus on fixed annuity sales. Another Medicare supplement company has announced it is exiting the Medicare Market. But that is far from the issue that concerns me most. Suite 103, Jupiter, FL 33458. Best Medicare Supplement Insurance Companies We work with over 30 Medicare supplement companies and we are licensed in over 40 states. Many other small insurers have taken a similar path. Equitable National Life is a subsidiary of a mature insurance provider company, Equitable Life and Casualty Insurance Company. You will receive a registration email for the new agent portal by 8/31/2020. "New" owners apparently have no use for the Medicare market. National General has offered Medicare Supplement plans for 60 years. It is inconvenient, but far from devastating. Required fields are marked *, Copyright ©2020 October 5, 2020. Powered by WordPress & Designed by Cyclone Themes, All You Need to Know about Equitable National Medicare Supplement Plans. Secondly, its management capabilities translate into its financial strength in the foreseeable future. Equitable Health Insurance Company Locations. That is where our discussion of Equitable National Insurance ties in. More than three if you count insurance companies exiting Medicare Advantage and Part D plans. Equitable Life and Casualty Insurance Company Get a Medicare Supplement with Equitable Life Insurance through Plan Medigap. Equitable Life Insurance Company found its niche in the senior market as a leading provider in Medicare Supplement insurance coverage. It can give you the flexibility to supplement your retirement income, pay long-term care costs, or leave money to your loved ones after you’re gone. They have set up special sections or pages of their websites just to entice you to buying Equitable Medicare supplement plans from them. First, it offers high reliability and trust level of a mature company having more than eight decades of customer service. We are often asked by people researching Medicare “Why should I do business with you?”  “What does your company offer that I can’t get when working with someone else or directly with an insurance company?”. Before you read some of my insights below, go to your favorite web search engine and type in “Equitable Medicare Supplement Plans”. Or reach out to us using our Medicare Supplement Quote Request. Our Medicare Supplement customers and agents are important to us and to our success. Speak to an independent broker licensed in your state. My video Medicare Supplement Plans Benefits & Hidden Risks and its accompanying article is the first public discussion of some of the Hidden Risks involved in selecting a Medicare supplement insurance company and how to avoid those risk. Following Equitable L&C pattern. Equitable National had several tell-tale signs of high risk as an insurer. No, Medicare Advocate; Adding Value as a Medicare Insurance Advisor, An obvious added value is our After-the-Sale customer service. Equitable National Medicare Supplement Plan F offers extensive coverage that takes basic coverage from Supplement Plan A and adds up the following insurance: Skilled nursing facility care coinsurance; Other two plans, Plan G and N, lie in the middle of these two plans with respect to coverage. It is where we add value from the start. Medigap Seminars Insurance Agency820 W. Indiantown Rd. Medicare Advantage plans provide all of the same coverage as Medicare Part A and Part B, and some Medicare … We offer top commission contracts for the industry's leading Medicare Supplement … But our value both before and after the sale of an insurance policy goes well beyond our Medicare Advocate services. Simple. This is, of course, what lead to the most recent announcement of exiting all Medicare supplement plan sales as of June 30,2020. The company must remain focused on it’s most profitable endeavors. First, Equitable has never been a highly rated company. If you are just turning age 65, you have guaranteed … It starts with education. We can judge the customer care potential of the company from the Better Business Bureau’s review for the company. Your price experience over your lifetime starts with selecting the right insurance company. … For example, Supplement Plan G covers all the costs included in Plan F with the only exception of Medicare excess charges which are not covered by this particular plan. Equitable National started offering insurance policies in 1935. If a Medicare company goes out of business Medicare will provide the insured a Guarantee Issue pathway to a new company and new policy. Neither Mr. Claassen nor MedigapSeminars.org are employed by, endorsed or represent CMS, Medicare or Medicaid or the US Government. Our answer, of course, defines our value. You will find those rules and more in the latter half of my, Florida License #W176030 | National License (NIPR) #765847, 820 W. Indiantown Rd. You will understand why I never recommended their product and what information you can use to avoid falling into the same trap. National General Medicare Supplement … But being a reasonable investor, you understand that benefits included in an insurance package are not the only determinants of quality of the underlying package. Fixed Annuity sales are a simpler product to manage and sell with annual management fees paid to the insurer. We cannot promise absolute price stability. Now, none of us has a crystal ball. Now, continue reading below and see what they missed (or never bothered to research). 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