Explaning Medicare Part D

What is Medicare?
Medicare is a United States federal health insurance
program. It is for people age 65 and older and for people
with disabilities.

What is Medicare Part D?
Medicare Part D is a short way of referring to “Medicare
Prescription Drug Coverage.” Medicare Part D is pre-
scription drug insurance for all people with Medicare. It is
voluntary. It became effective January 1, 2006.
This year the deadline to sign up for Medicare Part D
without a financial penalty is May 15, 2006.
Most people who enroll in Medicare Part D will pay a
monthly premium for their drug insurance and a co-pay-
ment when they fill a prescription.

How do I get Medicare Part D?
Private health plans provide Medicare Part D coverage.
There are two ways to get this coverage:
a. You can add a separate Prescription Drug Plan
(PDP) to Medicare. OR you can add a separate
Prescription Drug Plan (PDP) to a Medicare Supple-
mental plan.

What is a Prescription Drug
Plan (PDP)?
Prescription Drug Plans are the insurance plans that offer
the Medicare Part D drug benefit. The plans vary by:
• The prescription drugs that are covered (brand
name drugs will be covered)
• How much you have to pay monthly to be a part of
the plan
• The amount you have to pay out of pocket before
your plan begins (deductible) and
•The pharmacies you can use.
Several options are available to Medicare beneficiaries
in each geographic area (there are 48 PDPs available in
California)
.
Do I need to enroll in Medicare
Part D if I am already enrolled in a
Medicare Advantage (MA-PD) plan?

If you are currently enrolled in a Medicare Advantage Plan,
you might already have Part D coverage through your MA-
PD. Your MA-PD drug benefit will be at least as good as
Medicare Part D. MA-PD plans will vary by:
• Which prescription drugs are covered (brand name
drugs are now covered in these plans)
• The amount of your monthly premiums and co-pay-
ments and
• Which pharmacies can be used.

What happens if I do not enroll in a
Medicare Part D plan?
Medicare Part D is a voluntary program. If you want to en-
roll, you must enroll before May 15, 2006, or you will have
to pay penalties for late enrollment.
If you sign up for Medicare Part D at a later date, your
premium will increase by 1% per month (based on the
national average premium for that year) for every month
you were eligible but did not join. This penalty is a lifetime
penalty. It will be added to your drug plan premium for the
entire time you are enrolled in a Medicare Part D plan.
If you have prescription drug coverage through your previ-
ous employer or union, please see #8. 1. What is Medicare?
Medicare is a United States federal health insurance
program. It is for people age 65 and older and for people
with disabilities.

United American Insurance Company is always looking for good employees and good agents.

Here is how Monster.com describes United American Insurance Company.

Since 1947, United American Insurance Company has been meeting the insurance coverage needs of people all across the country. United American has a full line of life, health and other financial needs products, we dedicate ourselves to quality customer care and policyholder satisfaction.

United American has a well-known industry reputation for providing financial stability, quality products and streamlined services to our agents and customers alike. We continue to receive an A+ Superior rating from A.M. Best Company.

United American generates thousands of hot prospect leads every week from a variety of sources giving our agents unlimited earning potential and advancement opportunities. We provide full training and many incentives. We have local offices nationwide and are continually looking to expand into new areas.

United American is a wholly-owned subsidiary of the Torchmark Corporation, a publicly traded, diversified insurance and financial services holding company. Its total assets exceed $12.8 billion and its shareholders’ equity is more than $2.9 billion (as of 02/04). Torchmark common stock is traded on the New York Stock Exchange (TMK) and is included in the Standard & Poor’s 500 Index. The corporation’s stability and strong management skills have resulted in 46 consecutive years of increased dividends and earnings.

When an insurance company is able to make quality medical insurance affordable ,  customers notice.  Here are some examples of what they are saying:

Policyholder Testimonials from UAIC website (www.unitedamerican.com

An outpouring of appreciation is usually a good indicator of the kind of job you’re doing.  Read what our policyholders have to say about UA’s commitment to quality and service . . .

Part D Fits the Bill

“My husband and I are both retired. We are very pleased with your Rx plan. As Seniors, we really depend on your plan. Living on a fixed income with soaring energy costs, health concerns, and cuts in Medicare, we feel fortunate to have a workable, affordable, and helpful prescription plan!”

Gloria and Tom B., IA

United American Has Done So Much

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United American Insurance Company offers Nine Medicare Supplemental policies

United American offers 9 of the 14 standardized Medicare Supplement policies:
A, B, C, D, F, HDF, G, K, and L.

To see a chart that clearly explains the differences between the various polices go to http://www.unitedamerican.com/medsupp_uaoffers.asp

Every year, the National Association of Insurance  Commissioners (NAIC) issues a report reviewing Medicare Supplement  activity over the past year. The report details company earnings, claims,  loss ratios, and other pertinent Med-Supp data. One portion of the report of  particular importance is a list of Medicare Supplement providers by direct premiums earned. This report indicates which companies wrote the most  business for a particular year.

At United American, we are pleased to announce the NAIC has  listed UAIC as one of the largest writers of Agent-sold, individual Medicare Supplement policies for 2006  (see List  below).

1. United Healthcare Insurance. Co.
2. Health Care Service Corp.
3. Mutual of Omaha Insurance Co.
4. Bankers Life and Casualty. Co.
5. United American Insurance Co.

* From 2006 NAIC Journal-Loss Ratios (August 29, 2007)

There are now 47 million Americans without health insurance.*

Why?

Because Healthcare is expensive! New procedures, better technology, more effective medications, and higher quality medical equipment have all driven up the cost of healthcare in recent years. Unfortunately, these increases are passed on to the consumer, making health insurance unaffordable for too many.

United American Insurance Company offers an affordable solution to America’s healthcare crisis! UAIC is a strong company backed by a solid reputation and superior ratings. For more than 60 years, UAIC has been dedicated to providing high quality insurance to our clients. Consider our ratings:

For more than 30 consecutive years, United American has earned the A+ (Superior) Financial Strength Rating from A.M. Best (rating as of 6/07). We are also rated AA- “Very Strong” for Financial Strength by Standard & Poor’s (as of 11/07).

United American is a Company with integrity, and we honor our commitment to our customers by providing them with the best we have to offer. Here are just a few reasons to choose UAIC:

Flexible - At UA, you have the freedom to choose your doctor, hospital, and specialist. You also have the freedom to choose from a wide variety of products and insurance policies with benefit options that can be customized for your needs**.

Affordable - We provide access to quality life and healthcare insurance coverage. Our premiums are competitive when compared to other companies’ plans.

Guaranteed Renewable - Not only are you getting the right coverage at the right price, but your policy cannot be canceled as long as premiums are paid on time.

Individual Protection - We offer individual policies, not group or association-owned plans. Our policies are individually guaranteed renewable, unlike group policies, as long as premiums are paid on time.

* U.S. Census Bureau, August 2007.

It’s hard to tell one insurance company from another–but it is very important that you do!  There is a big difference between insurance companies and United American Insurance is one that you should know about.

United American opened its doors in 1947 to provide life, health, and accident coverage to individuals in Texas. Today, UA operates in 49 states, the District of Columbia and Canada and has more than 700 people in the Home Office working to ensure our customers receive outstanding products, service, and support every day.

When Medicare was signed into law in 1966, the Company made the decision to focus its attention on the individual health market with an emphasis on Seniors. This foresight paid off and as Senior health plans took a more prominent position in UA’s product line, we gained recognition as one of the nation’s leading writers of individual Medicare Supplements - a distinction we still maintain today*.

Through the years we have developed an industry reputation for quality written products and financial stability, as demonstrated by the top ratings United American has been awarded. We continue to expand our product selection to meet the needs of the uninsured and underinsured, and actively promote our supplemental products in the workplace as an affordable alternative to those who cannot afford major medical insurance.

In New York, our individual insurance business is conducted through United American’s subsidiary First United American Life Insurance Company. An independent Agent system is employed to deliver life and Medicare Supplement coverages to customers living in this state.At United American, we have earned our reputation by responding to the life and health needs of budget minded Americans who needed both quality insurance products and value pricing.