Assurant

Jan 10, 2007

  1. joshril
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    joshril Guru

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    State:
    Oregon
    What states do you all find Assurant to be a competitive product on price?

    Thanks..
     
  2. somarco
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    somarco That Medicare Guy

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    State:
    Georgia
    Moderate in GA. Underwiting is the deal killer. Everything needs an APS (got 4 on hold now) and everything gets ridered or rated up.
     
  3. Guest
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    Guest Guest

    Not very competitive in Northern CA.

    Al
     
  4. Crabcake Johnny
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    Crabcake Johnny Guru

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    State:
    South Carolina
    Exact opposite experience here. Everything gets approved within 4 days, zero APS's, no riders, just CDSs and some rate-ups.

    Competitive?

    Family of 4: Male 45, female 45, 2 kids, zip 21113. I'll try apples to apples with a $2,500 deductible:

    Aetna PPO 30: $693
    Assurant: $614
    Carefirst Blue Choice (HMO): $988
    Carefirst Personal Comp: $291
    Golden Rule: $503


    So who wins? Carefirst Personal Comp by a country mile. Too bad it doesn't cover doctor visits for illness and has a $500 cap on drugs and only 1 mill in coverage. Second is Golden Rule. But about 90% of my clients have pre-existing conditions and medications which GR riders or takes away the drug coverage. So that's a no-go. Save to say that the only reason GR has rates that low is because the only want the healthiest clients?

    On top of that, Assurant allows me to mess with the rates without messing with the benefits - take away the copay and it's now $450. Now I'm under Golden Rule. Go to CoreMed without a copay and I'm at $328. Now I'm almost at the Personal Comp price with far superior benefits.
     
  5. somarco
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    somarco That Medicare Guy

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    State:
    Georgia
    People in MD must be healthier . . .
     
  6. Crabcake Johnny
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    Crabcake Johnny Guru

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    State:
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    My last approved deal:

    Husband - herpes on Valtrex
    Husband - High cholesterol on Zetia and Triclor

    Wife - overweight
    Wife - high blood pressure on Hyzaar
    Wife - herpes on Famvir

    Approved in 3 days - 20% rating for the husband with a CSD for herpes. 60% rating on the wife with a CSD for herpes. Aetna and Golden Rule would have declined the wife. Golden Rule would have ridered the high cholesterol and herpes and removed drug coverage.
     
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