Medicare Market Products

Copeland Insurance Group offers Medicare Insurance products, primarily private insurance solutions for beneficiaries seeking to supplement Medicare coverage. We also provide insurance options including Long Term Care and Final Expense insurance, which can help families financially cope with critical expenses during difficult times.

The following information is a brief overview of the types of products you can contract to sell through Copeland Insurance Group.

Medicare Advantage Plans

Medicare Advantage plans are Medicare medical health insurance plans that are approved by Medicare, but are ran by private companies. A Medicare Advantage plan replaces and in most cases enhances Medicare Part A and Medicare Part B. It combines the benefits of both parts and in most cases adds a few extra benefits including optional prescription drug coverage and/or extended hospitalization. Medicare Advantage Plans require the individual to pay a monthly premium.

Medicare Supplements (Medigap)

Medicare Supplement Insurance, also known as Medigap, provides coverage for some of services that are not covered in the original Medicare program (Parts A and B). The Medigap Plan is not designed to replace any Parts of Medicare.

Instead it supplements medical coverage for things such as co-payments or coinsurance, deductibles and more.

Medicare Prescription Drug Plan (Medicare Part D, Medicare PDP)

Part D Medicare Prescription Drug Plan is a stand-alone drug plan that adds prescription drug coverage to original Medicare. Medicare prescription drug coverage covers both brand name and generic prescription drugs at participating pharmacies. Individuals must join Medicare Part D for coverage to begin.

Long Term Care Insurance

Long Term Care Insurance (LTC Insurance) is a private insurance policy that can help pay for many types of long-term care, including both skilled and non-skilled (custodial) care. Long-term Care insurance doesn’t replace Medicare coverage and its coverage can vary widely.

Life & Final Expense Insurance

Life & Final Expense Insurance, also known as “burial” or “funeral” insurance, is available for purchase once an individual turns 50 years old. These low face value plans (from $2,000 to $50,000) pay the beneficiary within 24 hours of a loved one’s death.

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WHY SELL MEDICARE PRODUCTS

  • The Baby Boomer generation are the largest generation of Americans born in U.S. history.
  • January 1, 2011 - The first of the boomers turns 65. Approximately two-thirds of all seniors 65 and over and 60% of those 50-64 have at least one chronic disease.
  • Over 10,000 baby boomers reach 65 each and every day
  • 2.8 Million Baby Boomers will be eligible for Medicare in 2011 alone
  • It is estimated that 87% of all seniors buy some sort of Medicare supplement insurance
10 Facts about Baby Boomers