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Published monthly by United American Insurance Company for the dissemination
of information to its Agents. Home Office permission must obtained prior to reproduction or other use of
this material.
© Copyright 2000, United
American Insurance Company, McKinney, Texas
All rights reserved.
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Editor's Notes:
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Issue
Age Update
ProCare rates on new business issued in Louisiana
and Texas have been changed back to issue age pricing.
New rates for Louisiana are effective
8/31/99. New rates in Texas are
effective 9/30/99.
New app/brochures and issue age rate cards are available to order from supply. Please
discard all attained age sales tools for these states.
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GSP Approvals
North Carolina has approved the Good
Sense Plan (GSP). Supplies are available to order.
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Attn:
CO Agents
Effective immediately, ProCare Plan DMSB
has been withdrawn in Colorado. Please discontinue sales
of this product in that state.
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Interest
Rate Set
The Lifestyle Annuity new money interest rate for August
is 5.35%. The new rate for September is 5.50%.
Rates will continue to be reviewed and adjusted accordingly.
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Holiday
Schedule
The Home Office will be closed Monday, September 6, 1999
for Labor Day. Have a safe holiday!
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HMO
Withdrawal Update
Estimates that 12 HMOs would exit the Medicare market by January were slightly off.
According to a recent Bloomberg News article, 99 HMOs will stop offering coverage for
Medicare beneficiaries beginning in 2000. At last count about 327,000 beneficiaries will
be affected by these exits and at least 79,000 seniors will have no other HMO in their
area to join.
Estimates that 12 HMOs would exit the Medicare market by January were slightly off.
According to a recent Bloomberg News article, 99 HMOs will stop offering coverage for
Medicare beneficiaries beginning in 2000. At last count about 327,000 beneficiaries will
be affected by these exits and at least 79,000 seniors will have no other HMO in their
area to join.
For a complete listing of HMOs leaving the market, consult the following web sites:
www.medicare.gov/withdraws3 or www.usatoday.com You may also call our Agent Service Center
at 1-800-925-7355.
Seniors affected by these withdrawals may qualify for guarantee issue coverage from United
American. ProCare Plans A, B, C and F are available for individuals age 65 and over who
qualify.
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Important Cancer Plan Update
A rate increase for the Cash Benefit Cancer Plan
(CANB)
is being implemented effective 9/15/99 in the following states: Arizona,
Delaware, Kentucky and
Rhode
Island.
The increase will be approximately $1 per month per $10,000 coverage and will not be
applied unless the policyholder has had the policy for at least one year. Therefore, many
policyholders won’t receive such a notice until their anniversary date. New business
written prior to 9/15/99 won’t receive an increase until their first year anniversary
date.
A special mailing explaining the increase has been sent to Agents and will include a
special rate card to be inserted into CANB brochures until brochures can be reprinted.
No
applications can be processed with old rates if written 9/15/99 or later, or if received
in the Home Office after 9/30/99. |
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August
1999
Target Your Market: UA Has Products that Meet Generational Need 