The 2025 COLA Increase & How It Affects Your Clients

10/15/24 • 5 min

This just in! Social Security announced the Cost of Living Adjustment for 2025. Get the official numbers and learn more about how the COLA increase impacts your clients. Read the text version Contact the Agent Survival Guide Podcast! Email us [email protected] or call 1-717-562-7211 and leave a voicemail. Resources:

2025 Medicare Advantage and Medicare Part D Premiums: https://link.chtbl.com/ASGF20241004

CMS Announces Medicare $2 Drug List Model RFI: https://link.chtbl.com/ASGF20241011

Optimize Client Acquisition by Becoming a Registered Social Security Analyst ft. Tom Drapala: https://link.chtbl.com/2024TomDrapala

Preparing Clients for the New Medicare Prescription Payment Plan Program: https://link.chtbl.com/ASG621

Staying Motivated Amidst Change & Disruption: https://link.chtbl.com/ASGM20240710

What to Do if Your Medicare Part D Plans Become Non-Commissionable: https://link.chtbl.com/ASGN20241005

References:

“Consumer Price Index - September 2024.” BLS.Gov, US Bureau of Labor & Statistics, 10 Oct. 2024, www.bls.gov/news.release/pdf/cpi.pdf.

“Create Your Personal My Social Security Account Today.” SSA, Social Security Administration, www.ssa.gov/myaccount/. Accessed 11 Oct. 2024.

Bogle, Darlynda. “How the Hold Harmless Provision Protects Your Benefits.” Blog.SSA.Gov, Social Security Administration, 19 Aug. 2024, blog.ssa.gov/how-the-hold-harmless-provision-protects-your-benefits/.

“Social Security Cost of Living Adjustment.” SSA.Gov, Social Security Administration, 10 Oct. 2024, www.ssa.gov/cola/.

Ritter on Facebook, https://www.facebook.com/RitterIM Instagram, https://www.instagram.com/ritter.insurance.marketing/ LinkedIn, https://www.linkedin.com/company/ritter-insurance-marketing TikTok, https://www.tiktok.com/@ritterim X, https://twitter.com/RitterIM and Youtube, https://www.youtube.com/user/RitterInsurance

Sarah on LinkedIn, https://www.linkedin.com/in/sjrueppel/ Instagram, https://www.instagram.com/thesarahjrueppel/ and Threads, https://www.threads.net/@thesarahjrueppel

Tina on LinkedIn, https://www.linkedin.com/in/tina-lamoreux-6384b7199/

2025 Medicare Advantage and Medicare Part D Premiums: https://link.chtbl.com/ASGF20241004

CMS Announces Medicare $2 Drug List Model RFI: https://link.chtbl.com/ASGF20241011

Optimize Client Acquisition by Becoming a Registered Social Security Analyst ft. Tom Drapala: https://link.chtbl.com/2024TomDrapala

Preparing Clients for the New Medicare Prescription Payment Plan Program: https://link.chtbl.com/ASG621

Staying Motivated Amidst Change & Disruption: https://link.chtbl.com/ASGM20240710

What to Do if Your Medicare Part D Plans Become Non-Commissionable: https://link.chtbl.com/ASGN20241005

References:

“Consumer Price Index - September 2024.” BLS.Gov, US Bureau of Labor & Statistics, 10 Oct. 2024, www.bls.gov/news.release/pdf/cpi.pdf.

“Create Your Personal My Social Security Account Today.” SSA, Social Security Administration, www.ssa.gov/myaccount/. Accessed 11 Oct. 2024.

“Social Security Cost of Living Adjustment.” SSA.Gov, Social Security Administration, 10 Oct. 2024, www.ssa.gov/cola/.

Sarah on LinkedIn, https://www.linkedin.com/in/sjrueppel/ Instagram, https://www.instagram.com/thesarahjrueppel/ and Threads, https://www.threads.net/@thesarahjrueppel

Tina on LinkedIn, https://www.linkedin.com/in/tina-lamoreux-6384b7199/

Previous Episode

How to Ask Your Current Clients for Referrals

Your clients are a great resource to generate new leads. Happy and loyal clients will tell friends and family about your remarkable service. Find out how to build a referral network with current clients to grow your business! Read the text version Contact the Agent Survival Guide Podcast! Email us [email protected] or call 1-717-562-7211 and leave a voicemail. Resources:

Building Client Loyalty: More Than Just a Plan: https://link.chtbl.com/ASG496

Generate Medicare Leads Using Marketing Materials from ShopRitterIM: https://ritterim.com/blog/generate-medicare-leads-using-marketing-materials-from-shopritterim/

How Insurance Agents Can Learn About Their Social Media Audience: https://ritterim.com/blog/how-insurance-agents-can-learn-about-their-social-media-audience/

Integrity Tools: https://ritterim.com/integrity-tools/

Shop Ritter Insurance Marketing: https://shopritterim.com/

The Insurance Agent’s Guide to Establishing Successful Affinity Partnerships FREE eBook: https://ritterim.com/insurance-affinity-partnerships/

The Insurance Agent’s Guide to Generating Referrals FREE eBook: https://ritterim.com/insurance-referral-generation/

The Ritter Blog: https://ritterim.com/blog/

Where It All Begins: Obtaining Permission to Contact for Medicare Sales: https://ritterim.com/blog/where-it-all-begins-obtaining-permission-to-contact-for-medicare-sales/

References:

“Free Design Tool: Presentations, Video, Social Media | CANVA.” Canva, Canva, www.canva.com/. Accessed 31 July 2024.

“Free Online Document Editing with Microsoft Word: Microsoft 365.” Free Online Document Editing with Microsoft Word | Microsoft 365, Microsoft, www.microsoft.com/en-us/microsoft-365/word. Accessed 25 Sept. 2024.

“Global Trust in Advertising and Brand Messages.” Nielsen, The Nielsen Company, 21 July 2022, www.nielsen.com/insights/2012/global-trust-in-advertising-and-brand-messages-2/.

Max Freedman. “Why Word of Mouth Beats Traditional Advertising.” Business News Daily, Business News Daily, 17 Jan. 2024, www.businessnewsdaily.com/2353-consumer-ad-trust.html.

“Medicare Marketing Guidelines.” CMS.Gov, Centers for Medicare & Medicaid Services, www.cms.gov/medicare/health-drug-plans/managed-care-marketing/medicare-guidelines. Accessed 25 Sept. 2024.

Ritter on Facebook, https://www.facebook.com/RitterIM Instagram, https://www.instagram.com/ritter.insurance.marketing/ LinkedIn, https://www.linkedin.com/company/ritter-insurance-marketing TikTok, https://www.tiktok.com/@ritterim X (fka) Twitter, https://twitter.com/RitterIM and Youtube, https://www.youtube.com/user/RitterInsurance

Sarah on LinkedIn, https://www.linkedin.com/in/sjrueppel/ Instagram, https://www.instagram.com/thesarahjrueppel/ and Threads, https://www.threads.net/@thesarahjrueppel

Tina on LinkedIn, https://www.linkedin.com/in/tina-lamoreux-6384b7199/

Next Episode

Helping Clients with Marketplace Eligibility Appeals

Your client receives a letter saying they are ineligible for Marketplace Coverage. What can they do? Learn how to assist your clients with filing Marketplace eligibility appeals! Read the text version Contact the Agent Survival Guide Podcast! Email us [email protected] or call 1-717-562-7211 and leave a voicemail. Resources:

5 Myths About Selling ACA Health Plans: https://ritterim.com/blog/5-myths-about-selling-aca-health-plans/

Agent Requirements for ACA Sales: https://ritterim.com/blog/agent-requirements-for-aca-sales/

Everything Agents Need to Know About Selling in Sate-Based Marketplaces: https://ritterim.com/blog/everything-agents-need-to-know-about-selling-in-state-based-marketplaces/

Free eBooks & Guides: https://ritterim.com/guides/

How to Help Clients Navigate ACA Marketplace Subsidies & Taxes: https://link.chtbl.com/ASG579/

Meet Your Sales Team: https://ritterim.com/meet-your-sales-team/

Simplify Marketplace Enrollments with HealthSherpa: https://ritterim.com/blog/simplify-marketplace-enrollments-with-healthsherpa/

References:

“Find Out What Marketplace Health Insurance Plans Cover.” HealthCare.Gov, Health Insurance Marketplace, www.healthcare.gov/coverage/what-marketplace-plans-cover/. Accessed 22 Aug. 2024.

“What to Do If Your Marketplace Appeal Is ‘Invalid.’” Centers for Medicare & Medicaid, Health Insurance Marketplace, www.cms.gov/marketplace/outreach-and-education/marketplace-appeal-invalid.pdf. Accessed 22 Aug. 2024.

Sarah on LinkedIn, https://www.linkedin.com/in/sjrueppel/ Instagram, https://www.instagram.com/thesarahjrueppel/ and Threads, https://www.threads.net/@thesarahjrueppel

Tina on LinkedIn, https://www.linkedin.com/in/tina-lamoreux-6384b7199/