Medicare Supplement changes with introduction of Modernized Medicare Supplement Plans

Medicare Supplement, the insurance millions of seniors buy to help cover their out-of-pocket medical expenses, is undergoing dramatic changes with the introduction of Modernized Medicare Supplement Plans, which become effective June 1, 2010.

"Old plans are disappearing, new plans are being introduced and long-established benefits have been restructured, so a lot of agents are scrambling to keep up with all the changes." said Roger Marvel, associate director of Medicare Supplement at Senior Market Sales, an Omaha-based insurance marketing organization. "It's important that the insurance agents who sell Medicare Supplement plans understand what the changes mean and how the new plans will affect their clients."

To help bring these agents up to speed, Senior Market Sales is presenting a series of webinars, which started in March with "Modernized Med Supp: A New Journey Begins" and "2010 Modernized Plans Overview." Senior Market Sales' upcoming webinar, "Get Your Plan N Questions Answered" is scheduled for Monday, April 12th at 9:00 am and 3:00 pm.

Marvel said Senior Market Sales has already had more than 600 agents sign up for Monday's webinar. Another 800 have viewed the first two webinars in the series. Recordings of all three webinars will be available at http://tinyurl.com/plan-n.

"Agents are hungry for information on Plan N because it introduces a new co-pay structure that is unprecedented for a Medicare Supplement," Marvel said. "Our office has been flooded with questions on how the new product works, so we felt we had to do something to educate the agents out there so they can educate their clients."

SOURCE Senior Market Sales, Inc.