The National Association of Medicare Supplement Advisors, Inc. (NAMSA) is contacting The Joint Select Committee on Deficit Reduction, as well as other senators and representatives regarding issues that affect Medicare product producers.
- The first item relates to Medicare changes in general. We have offered 16 solutions to current Medicare problems, and encourage the committee to look at these solutions before deciding to make strong changes in the Medicare program.
- The second item deals with Medicare Supplement commissions, which would be severely affected by introducing higher medical loss ratios into Medicare Supplement products. This would reduce Med Supp commissions by roughly 50 percent.
- The third letter deals with a call for Medicare recipients to have “more skin in the game,” combining Part A and Part B deductibles into a single deductible, creating co-insurance problems up to $2,500 and disallowing Medicare Supplement companies from helping recipients with coverage for these amounts.
Since each of these items affect your income, we encourage you to help us with the above objectives by joining NAMSA one of several different ways. You can contact us at: www.NAMSA.US, or by calling 1-888-333-1844 for further information. Help us help you. These issues require immediate attention.
Ron Iverson is president of the National Association of Medicare Supplement Advisors Inc. He can be reached at 406-442-4016.
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