2020 First Dollar Coverage Going Away Not Set in Stone?

Sep 22, 2015

  1. Justin Bilyj
    Offline

    Justin Bilyj Guru

    Posts:
    4,982
    Likes Received:
    105
    State:
    Ohio
    Was just talking to someone who ranks up there in the country for sales for Medicare, and they are on a Medicare board for a National publication, they said that the 2020 first dollar coverage plans being eliminated isn't set in stone.

    How are you discussing this (if you are) with your prospects/clients? I am finding it is a great wedge discussion.

    Do you think it will happen if so what's the percentage chances in your opinion?
     
  2. axeman462
    Offline

    axeman462 Guru

    Posts:
    1,686
    Likes Received:
    45
    State:
    Florida
    worrying about something that is heavily influenced by politics and that is still five years out from happening is insane
     
  3. Justin Bilyj
    Offline

    Justin Bilyj Guru

    Posts:
    4,982
    Likes Received:
    105
    State:
    Ohio
    Trust me, I am not worrying. If anyone should worry it would be the Medicare beneficiaries. It's 4 years away, and that goes by mighty fast. I have seen carriers reposition for Obamacare years in advance of the plans debuting, so I don't think it is unlikely we might start to see some changes or conversations happening, which is why I started this thread.

    If I am not mentioning this possibility with clients and prospects, and preparing them for it, then I feel I have done them a disservice.
     
  4. MedicareAgent
    Offline

    MedicareAgent Guru

    Posts:
    485
    Likes Received:
    2
    It seems like it would be more of a scare to the consumer at this time because you cannot answer their concerns or questions.
    I would wait until all the facts are in then discuss.
     
  5. GoPokes
    Offline

    GoPokes Guru

    Posts:
    1,206
    Likes Received:
    144
    State:
    Oklahoma
    Im going to use it this afternoon at a T65 appt. He already signed up for plan F ($135), and I can get him plan G ($83). So there's the savings plus the longevity of the plan bc of the 2020 thing...
     
    GoPokes, Sep 22, 2015
    #5
  6. somarco
    Offline

    somarco That Medicare Expert Guy

    Posts:
    28,893
    Likes Received:
    2,436
    State:
    Georgia
    If you don't tell them what might happen I think you are doing a disservice.

    Same thing with Part B deductible increase next year. We don't know for sure how much, but if you are selling anything other than F I feel it is judicious to at least prepare them for more OOP
     
    somarco, Sep 22, 2015
    #6
  7. Justin Bilyj
    Offline

    Justin Bilyj Guru

    Posts:
    4,982
    Likes Received:
    105
    State:
    Ohio
    I agree. I find talking about the Part B deductible increase, along with Part B premium going up (minus the years with no COLA increase), definitely sets me apart from the field of product peddlers but above all gets the senior ready for any possible changes coming down the road.
     
    Last edited: Sep 22, 2015
  8. Fisher
    Offline

    Fisher Guru

    Posts:
    1,387
    Likes Received:
    43
    State:
    Missouri
    Personally I prefer to focus on the for-sures as opposed to the might-happens. My clients know that when things change (as I prep them for) we will adapt at that time. Speculation on the unknowable is a waste of energy both for me and them and can/would cause unnecessary hand-wringing for some folks.

    But to each their own, of course.
     
    Fisher, Sep 22, 2015
    #8
  9. agentjhc
    Offline

    agentjhc Guru

    Posts:
    1,307
    Likes Received:
    2
    State:
    Georgia
    I say give them the landscape and let them decide.

    If they can.
     
    agentjhc, Sep 22, 2015
    #9
  10. midwestbroker
    Offline

    midwestbroker Guru

    Posts:
    2,371
    Likes Received:
    46
    State:
    Missouri
    I don't think it hurts to talk about it, but there there is no solution in place.

    All we know is that if the law stands like it is now in 2020, C and F will no longer be available to new beneficiaries starting 1/1/2020.

    The question becomes, how will the market adjust? Will D and G replace C and F in the GI landscape? Will we have new letter plans to offer in 2020 that take the place of C and F?
     
Loading...