Medico Insurance Company Summary:
Medico was founded as a health and accident insurer in 1930. They launched their first senior product in 1959, a full seven years before the introduction of Medicare, and began selling Medicare supplement plans in 1975.
Medico merged with the American Enterprise company in 2012 which provided them with an even stronger foundation for their business. The company is licensed in 47 states as well as the District of Columbia. Medico is rated A-.
Medico Agent Benefits:
Medico Client Benefits:*
Medico's Hospital Indemnity Plan - New:
Effective May 1, 2018, Medico introduced its new Hospital Indemnity policy with better benefits and lower premiums! The Hospital Indemnity coverage can provide your clients with supplemental cash benefits they can use however they want. The 19% reduction in premium rates. Benefits of the Hospital Indemnity policy, including the observation unit benefit, emergency room benefit, transportation and lodging benefit, and inpatient mental health benefit. Benefits of the seven riders your clients can choose from, including outpatient therapy/chiropractic services and skilled nursing facility (which includes a restoration of benefits feature).
As part of the Hospital Confinement benefit, there are four benefits that can provide great value to your clients: the observation unit benefit, the emergency room benefit, the transportation and lodging benefit, and the inpatient mental health benefit. So far, 22 states have approved this plan: AL, AR, FL, GA, IA, IL, IN, KS, KY, LA, MI, MN, MS, MT, NE, NV, OK, OR, PA, TX, WI, and WV. On the Skilled Nursing Facility Benefit Rider, benefits can be restored once during the lifetime of the rider if certain conditions are met. A short application is used. No telephone interview, no prescription drug screen and no medical exam. Medico makes it easy for you to enroll your prospects and clients! In most states, a 7 percent household discount is available when the applicant lives in the same household with another person over 18 years of age, regardless of whether they sign up for coverage with Medico.
Medico's Dental Insurance
Are your clients looking for immediate coverage for basic dental services?
Many seniors don't know that Medicare doesn't cover most dental care, dental procedures, or supplies, like cleanings, fillings, tooth extractions, dentures, dental plates, or other dental devices. That means they may need to enroll in dental coverage to avoid the problems that can arise from neglected dental health, including gum infections, dental decay and chronic pain.
The best electronic quoting and application tool in the industry! MyEnroller is the most effective and easiest way to quote and enroll your clients. You can even write multiple policies using one application! With the ever-changing use of technology, Medico is helping you stay up-to-date.
When entering a credit card for premium payment in Medico's electronic application platform, You will be able to specify the Bill Day (the date on which the credit card will be charged). This was requested by Medico agents, and we're pleased to provide it for your ease in enrolling your clients.
Contracting and Submitting the First Medico Sale
Medico Insurance Company's mission is to provide a caring service and protect their customers whilst growing financially and engaging their employees to ensure success in the long term. Medico aims to satisfy their agents and customers alike. By understanding the agents and customers requirements, their products and services are able to exceed thier expectations.
To sell these popular insurance plans from a seasoned and stable provider. Additionally, Medico offers a Final Expense Whole Life plan plus Dental, Vision and Hearing policies. Medico's electronic platform for E-applications is called MyEnroller. This is designed to ease the application process and give quick access to Medico's entire product portfolio. Applications can be submitted electronically for all the aforementioned plans.
Why Medico? »
* The information provided is intended for licensed insurance agents only. It is not intended for the purpose of advertising the insurance products to the general public. Certain exclusions may apply. Plans offered by insurer. All products not available in all areas. Not affiliated with the United States Government or the Federal Medicare Program.
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