Mutual of Omaha has been selling Medicare Supplement plans since 1966 and is now the second-largest Medicare Supplement provider. As you probably know, Medicare Advantage sales are steadily rising and replacing Medicare Supplements. Not surprisingly, with the amount of coverage (including prescription drugs, dental, vision, fitness etc.) that Medicare Advantage plans provide, they are becoming more and more popular. Mutual of Omaha almost doesn’t have a choice but to start selling MA. That’s why they are now partnering with Lumeris Inc. out of St. Louis to sell Medicare Advantage with prescription drug coverage in 2019.
Mutual of Omaha, based out of Omaha, Nebraska, is a 109-year-old Fortune 500 organization. While Mutual is a leader in the Medicare Supplement world, they also offer great life insurance, long-term care policies, and employee/retirement solutions. Aside from insurance, Mutual of Omaha Bank is a financial home for thousands of businesses and consumers across the United States.
Lumeris, Inc. is an industry leader in optimizing care models (especially for provider groups) and creating value-based payment models. They currently have their own MAPD plan in St. Louis called Essence Healthcare which represents about 65,000 members.
Lumeris will be working in conjunction with Mutual of Omaha to set up a value-based provider network for the new Medicare Advantage. Aside from the benefit of the new Medicare Advantage plan, this is a huge growth opportunity for both companies. Mutual of Omaha will be taking care of the branding and marketing, while Lumeris will organize the provider and payment aspects of the plans.
Fortunately, the new Mutual of Omaha Medicare Advantage plan will create another product for you to add to your portfolio and push during this fall’s AEP. We can help you get digitally contracted and certified with Mutual of Omaha and other carriers in your area. Plus, our agents have access to customizable marketing materials, our in-house print shop, our CRM system, our CSG quoting tools, and more.
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