Description of Medicare Solutions and Products Offered
Medicare Solutions is a service of Health Plan One, LLC and offers Medicare supplement and Medicare Advantage plans from most of the top, national insurance companies. We strive to put the customer in the highest quality product that best fits their financial and health care needs. And so, in determining the right products to offer consumers, we have selected companies that have strong and trusted brand names, "A" financial ratings, and very competitively priced products.
Medicare supplement plan benefits are regulated by the Center for Medicare and Medicaid Services and have strict plan designs. The fixed benefit designs of Plans A through J make comparison mostly a function of price. In 2008, we reviewed Medicare supplement plans in every state in the country based on price. We found that in the majority of states, the most competitively priced plans were offered by Mutual of Omaha, the local Blue Cross plan and occasionally a regional health insurance company. We therefore concluded that if we offered Mutual of Omaha (and its subsidiaries, including United of Omaha), and Anthem Blue Cross and Blue Shield, we would be presenting our customers with a manageable portfolio of plans that represented the best in the business. Further, these plans all have large books of business, which offer long-term price stability and security for a senior that will likely hold on to the selected plan for 10-25 years (as it is difficult to change plans after the initial eligibility period).
For Medicare Advantage, we took a similar approach in identifying products to offer our customers. We focused on strong and trusted names, "A" ratings from the rating agencies, commitment to the business, commitment to service, and strong physician and hospital networks. The products we believe fit that description are from Humana, United Secure Horizons, Coventry, and Anthem Blue Cross and Blue Shield. Additionally, we've added some regional carriers that have very strong presence in their area, including Blue Shield of California, Horizon Blue Cross of New Jersey, and Health Net of Connecticut. We have specifically excluded private fee-for-service (PFFS) plans (they are being eliminated in 2011), plans that are Medicaid focused (e.g. Wellcare, Amerigroup, Molina) and small, local plans. Medicare Advantage plans change their prices and benefits every year and we believe that those large companies with commitment to the product are going to offer the most stable and best value over time for the costumer. Most of these products can be viewed on our site; however, United Secure Horizons does not let us display their products on our site. Our agents do have access to these products and are shown to our customers and sold when appropriate.