Sterling Life Insurance Company was established in 1958. In 1999, Sterling contracted with its sister company, Olympic Health Management Systems, Inc., to develop products for the rapidly expanding market comprised primarily of older Americans. Sterling’s national licensing and Olympic’s expertise in designing products and services exclusively related to the Medicare population have blended to form a team that is stable, innovative, and responsive to the needs of clients and beneficiaries.
Today, Sterling offers a variety of products and services to fit the needs of Medicare Beneficiaries. The combined staffing of the two sister companies has grown to over 500 talented and diversified people working together to achieve a number of industry “firsts.”
Sterling was the first to successfully contract with the Centers for Medicare & Medicaid Services (CMS) for a newly-authorized product, Private Fee For Service (PFFS). By incorporating this plan into its already established Standard Medicare and Medicare Select insurance plans, Sterling became the first to offer this mix of products in one platform. It is believed Sterling was also the first to allow enrollees/policyholders to move between health plans as their needs change without additional underwriting — an extraordinary feature we call Choice and Mobility.
Today Sterling is licensed in 40 states, plus Washington, D.C., and has offices spanning the nation. The company recently added other products and services to its platform: Whole Life, Limited Benefit Whole Life and two value added packages of discounted services including prescription drugs.
The products and services will not stop here. Our Business Development Team is constantly looking for new programs that will benefit the Medicare market. New variations on plans authorized under The Balanced Budget Act of 1997 and The Medicare Prescription Drug Improvement and Modernization Act of 2003 are in the works. Interactive web capabilities will soon join the list of many advantages Sterling customers share.
Sterling is rated “A-” (Excellent) by A.M. Best. Combined Insurance Company of America, Sterling’s parent company, has earned an “A” (Excellent) rating from A.M. Best.* Sterling, Olympic and Combined are subsidiaries of Aon Corporation, a holding company that is comprised of a family of insurance brokerage, consulting and insurance underwriting subsidiaries.
With the Medicare market booming, the future looks very bright for Sterling. Sterling has the right products, the right partners, the right audience, and the right people.
The number of Americans age 65 and over has increased more than eleven-fold since 1900. In 2000, there were an estimated 35 million people age 65 and over in the United States, accounting for over 12 percent of the total population or one in eight Americans.
In 2011, the 77 million members of the “Baby Boom” generation will begin to turn 65. By 2030, it is projected that one in five people, or a full 20 percent of the population, will be age 65 or older. And, between 2000 and 2030, the size of this population is projected to double, growing to over 70 million.
These statistics point to an ever-expanding market and unlimited potential for Sterling and its Sales Agents. This market is also the most affluent in the country, controlling 75% of the nation’s wealth or about 7 trillion dollars of assets.
Seniors utilize healthcare services more than any other age group, and many rely on their healthcare providers for information on Medicare coverage. With this in mind, Sterling has developed a product orientation specifically directed towards physicians and hospitals. This process gives healthcare providers a comprehensive understanding of Sterling’s products and a toll-free number to call if they have any questions prior to recommending our products to their patients.
Most seniors have more free time than the average adult under age 65. As a group, they are up early, read more often and are home during the day. They are also concerned about protecting their assets, maintaining their lifestyle, and getting the best value for the money they spend. Sterling’s knowledge of this rapidly growing market allows us to develop marketing strategies designed to generate leads and help Sales Agents close sales. Our Sales Agents use an educational approach to selling and can offer product choices that meet the needs of our “niche
Sterling Life Insurance Company, an A.M. Best “A-” (Excellent) rated insurer, offers a portfolio of plans to cover virtually all the insurance needs of Medicare Beneficiaries and other mature adults. The Sterling family of plans offers maximum flexibility to enrollees by enabling them to move from one health plan to another where available, as their needs, circumstances, or financial situations change. We call this very important feature Choice and Mobility.
Sterling Premier®, a Standard Medicare Supplement Insurance plan, is designed for people who know they need additional coverage and have the desire to maintain control over their healthcare decisions. Sterling Premier® has no restrictions on physicians or hospitals.
One of Sterling’s most popular products, Sterling Medicare Select, is designed to provide the additional coverage beneficiaries need, with the features they want most, at a price they can afford. To date, Sterling has contracted with over 350 network hospitals and surgery centers around the country.
Sterling Option I® is a Medicare Advantage Private Fee For Service (PFFS) plan featuring the freedom to choose doctors and hospitals, and to see specialists without a referral. Enrollees receive full coverage when traveling within the United States and for emergency or urgently needed services outside the country. Plan premiums are generally lower than Standard and Select Medicare Supplement Insurance.
Sterling Option I® is a Medicare Advantage Private Fee For Service (PFFS) plan featuring the freedom to choose doctors and hospitals, and to see specialists without a referral. Enrollees receive full coverage when traveling within the United States and for emergency or urgently needed services outside the country. Plan premiums are generally lower than Standard and Select Medicare Supplement Insurance.
Sterling Option I® is a Medicare Advantage Private Fee For Service (PFFS) plan featuring the freedom to choose doctors and hospitals, and to see specialists without a referral. Enrollees receive full coverage when traveling within the United States and for emergency or urgently needed services outside the country. Plan premiums are generally lower than Standard and Select Medicare Supplement Insurance.
Sterling Option I® is a Medicare Advantage Private Fee For Service (PFFS) plan featuring the freedom to choose doctors and hospitals, and to see specialists without a referral. Enrollees receive full coverage when traveling within the United States and for emergency or urgently needed services outside the country. Plan premiums are generally lower than Standard and Select Medicare Supplement Insurance.
Sterling Option I® is a Medicare Advantage Private Fee For Service (PFFS) plan featuring the freedom to choose doctors and hospitals, and to see specialists without a referral. Enrollees receive full coverage when traveling within the United States and for emergency or urgently needed services outside the country. Plan premiums are generally lower than Standard and Select Medicare Supplement Insurance.
Sterling Option I® is a Medicare Advantage Private Fee For Service (PFFS) plan featuring the freedom to choose doctors and hospitals, and to see specialists without a referral. Enrollees receive full coverage when traveling within the United States and for emergency or urgently needed services outside the country. Plan premiums are generally lower than Standard and Select Medicare Supplement Insurance.
The charts above demonstrate the possible annual incomes that a Sales Agent and a Field Sales Manager could attain at various average sales levels dependent on commitment, activity level and skill development. These sample income levels are based strictly on the examples of average net sales per month, represent no guarantees of compensation, and may vary slightly in the states of Montana and Washington.
Sterling offers a generous bonus structure. We offer incentives through intermittent bonus programs and contests throughout the year, focusing not only on quantity but also on quality.
Another way we show our appreciation is by offering our employees a flexible and comprehensive benefit program that offers financial protection and opportunities to provide for retirement needs.
Employees can choose the coverage that best meets their needs. These programs are designed to provide the greatest value for the benefit dollars spent by the employee and the company.
* First year income sample assumes agent qualifies for monthly development incentive of $1,000.
The following chart shows when participation in each benefit plan begins, whether coverage is automatic or voluntary, who pays for it and the tax treatment of your contributions. Represents current benefits and is subject to change.
*To be eligible for the Savings Plan, you must be a U.S. field Sales Agent of the Company credited with 1,000 hours within a 12-month anniversary period and be at least 21 years of age.
Other benefits include:
Company employee status (vs. independent contractor)
Paid classroom training allowance
Employee Assistance Program
National Merit Scholarship Program
Direct bank deposit
Matching gifts program
An Equal Opportunity Employer
Sterling Life Insurance Company Expands Service Area for Private Fee for Service Plan
Bellingham, WA – May 3, 2005 - Sterling Life Insurance Company recently announced that its Medicare Advantage Private Fee for Service plan, Sterling Option I®, is now available in additional counties in the states of Indiana, North Carolina, South Carolina, Oregon, and Texas. Effective June 1, 2005, Medicare eligibles who reside in these counties may enroll in Sterling Option I® for a premium of $28 or $38 per month.
“We are pleased to offer Sterling Option I® to even more Medicare beneficiaries,” said President Debbie Ahl. “Those who enroll will enjoy the flexibility of choosing their doctors and hospitals, all at an affordable cost.”
Sterling was the first company in the nation to introduce a Private Fee for Service Plan in 2000. For more information, call 1-888-858-8572 or visit www.SterlingPlans.com.
Sterling was the first company in the nation to introduce a Private Fee for Service Plan in 2000. For more information, visit www.SterlingPlans.com or call toll-free 1-888-858-8572.
Sterling Life Insurance Company, an A.M. Best A- (Excellent) rated company, is dedicated to providing a variety of affordable healthcare solutions to Medicare beneficiaries. They currently have 41 offices across the nation and are licensed in 36 states. Sterling is wholly owned by Combined Insurance Company of America. Both Sterling and Combined are subsidiaries of Aon Corporation. Aon Corporation is a holding company that is comprised of a family of insurance brokerage, consulting, and insurance underwriting subsidiaries.
Telephone Number: 888-268-9661
Email:r@ohmsystems.com
Diverse perspectives and experiences are a welcome part of our culture. Our employees make a difference and we are committed to encouraging a diverse workforce because we recognize how diversity benefits both our company and our customers.
At Combined, we:
Respect the dignity and worth of individuals
Encourage the initiative of each employee
Challenge individual capabilities
rovide equal opportunity for anyone to achieve his or her potent
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