New Medicare Supplement Plans in Rhode Island and Tennessee Effective 05/11/23

We are pleased to announce you can begin selling our new competitively priced Medicare supplement plans in Rhode Island and Tennessee.

• Plans A, F, G, High Deductible G and N are available for sale effective May 11, 2023.
• Plan F may only be sold to applicants who were Medicare-eligible prior to January 1, 2020.

Besides the new low rates, we offer:

• A 12% household discount-this premium discount is applied under certain circumstances when the policyholder lives with another adult who is age 60 or older.
• Anniversary rating

Rates

                                Rhode Island- Underwritten by United of Omaha Life Insurance Company

Example: As of 08/01/23: female, non-tobacco, age 67, lowest zip area, with available household discount applied.

                        Tennessee- Underwritten by Omaha Supplemental Insurance Company

Example: As of 06/01/2023: female, non-tobacco, age 67, lowest zip area, with available household discount applied.

 Here’s what you need to know to start selling:

Sales Materials

The United of Omaha Life Insurance Company Medicare supplement application for Rhode Island and the Omaha Supplemental Insurance Company application for Tennessee will be available on the e-App May 11, 2023. Upon availability, the old underwriting company e-Application will no longer be available. Start using the e-Application today!

New business materials for Rhode Island and Tennessee are available to view/download on SPA in Forms and Materials and can be ordered through normal channels. Marketing materials have been approved and are available in Forms and Materials, under Marketing.

Outstanding Applications

• For Rhode Island, Mutual of Omaha Insurance Company applications signed by June 11, 2023, and received in the home office on or before June 11, will be processed and provided prior coverage.
• For Tennessee, United World Life Insurance Company applications signed by June 11, 2023, and received in the home office on or before June 11, will be processed and provided prior coverage.
• Old company applications for both Rhode Island and Tennessee with a signed date of June 12, 2023, and later will not be processed. No exceptions will be made. A new application would be required to apply for coverage.
• Pending Medicare supplement applications are no longer considered valid after 60 days and will go incomplete. If applicant would still like coverage, a new application would be required to apply for coverage.

Here are some reasons you and your clients will appreciate Mutual of Omaha and its affiliates:

• Easy eligibility for the 12%* household discount, available in most states.
• Underwriting decisions on policy issue generally are made within five days. Two-day processing of e-Apps using our e-App. Two-day processing applies to guaranteed issue, open enrollment, and underwritten applications, if the applicant is available for an interview.
• You have direct access to underwriting by calling 800-995-9324 to speak with an underwriter.
• Predictable Premium Changes- Your new business clients can expect just one rate adjustment a year on the policy anniversary date.
• Comprehensive suite of products including Dental solutions, Prescription Drug Plans, Cancer Insurance, and Heart Attack & Stroke Insurance.
• Multi-policy Dental discount- your Medicare supplement clients can receive a 15% discount on their dental premium when the dental application is signed on or after the Med supp application sign date and within 30 days after the Med supp issue date.

For additional transitional rules click here.