Anyone Heard of High Def Nation Health Insurance?

[somarco]

I don't know if they are still around, but there was at least one carrier offering STM a few years ago that did not require a license except in your home state. I could sell the product in any state without a non-res license as long as I maintained a GA license.

This is not the same thing as you are posting about, but it was interesting none the less.

As I recall, they used a non-admitted surplus lines carrier. This was similar to the way many international travel plans work, allowing me to write anyone, anywhere in the world.

 

[Crabcake Johnny]

Where there's great news if Romney wins. His plan to to have people be able to buy plans across state lines. Because when someone in NY buys a plan in...say, Georgia they can get better rates.

I wonder how some here feel about that plan.

 

[arnguy]

Maybe we should have a thread titled "Hall of Shame" where we can place such terrific opportunites as zero premium life insurance, AIM, High Defnation Health Insurance, etc., togther with the advocates of those items.

 

[Ann H]

Where there's great news if Romney wins. His plan to to have people be able to buy plans across state lines. Because when someone in NY buys a plan in...say, Georgia they can get better rates.

I wonder how some here feel about that plan.

That's all smoke and mirrors. Rating for demographics won't change. So say your zip code is a CA zip code where medical expenses are higher, and you purchase from Ohio where rates are lower in their zip codes, you will still get rates for a CA demographic. As for state mandates being avoided, that's an issue. It won't take long, though, for it all to even out.

 

[Crabcake Johnny]

You might want to pick up the phone and give Romney a ring.

 

[Norwayguy]

Where there's great news if Romney wins. His plan to to have people be able to buy plans across state lines. Because when someone in NY buys a plan in...say, Georgia they can get better rates.

I wonder how some here feel about that plan.

Its a joke really...All you are really doing is avoiding state mandates. So why not reduce the state manadates and have the states DOI have control of the policy being sold to residents in their state.

 

[Crabcake Johnny]

Mandates are only a portion of the issue. In fact, some southern states without a lot of mandates have very high rates.

 

[rousemark]

Mandates are only a portion of the issue. In fact, some southern states without a lot of mandates have very high rates.

That is because southerners tend to drink more; smoke more and, "If it ain't fried, it ain't fit to eat." On my way to fry me up some Spam and eggs.

 

[Ann H]

It could be a race to the bottom too. Insurers could design low-benefit plans, from a state that has lower mandates, then sell like crazy to clients in states with burdensome mandates. The lowest benefit plan with lowest cost wins. Until your kid gets Autism, that is.

 

[rousemark]

It could be a race to the bottom too. Insurers could design low-benefit plans, from a state that has lower mandates, then sell like crazy to clients in states with burdensome mandates. The lowest benefit plan with lowest cost wins. Until your kid gets Autism, that is.

Wouldn't that be similar to the High Def Nation plans?