The Health unit is a very small part of the total corporate portfolio, they lose nothing by dropping out.
It's tough for those of us who wrote lots of business with them but we will survive, as will Assurant...
Buh Bye Assurant - Up for Sale / Exiting Market
- Thread starter Yagents
- Start date
The Health unit is a very small part of the total corporate portfolio, they lose nothing by dropping out.
It's tough for those of us who wrote lots of business with them but we will survive, as will Assurant...
- 8,448
I know, FLM2. Assurant Health was just a part of the Assurant family. It just bugs me that instead of trying to help, daddy Assurant so easily disowns his wayward son after only 1 year of trouble.
Don't know if I agree with the 1 year time frame my friend. All the carriers knew early on that healthcare reform was a death sentence for all of them, save the BUCHA's. I give the smaller/regional plans credit for giving it a go, but it will be very, very difficult for them to survive. I suspect that it was not very difficult for Assurant to come to the conclusion that the light at the end of the tunnel was in fact a train and that it was time to cut their losses and move on.
- 244
the "local players" all seem to be doing very nicely in my area.
A Coordinated Care model, much like an HMO is what is emerging. For all of you who can remember the Nixon days you;; remember the popular and wildly held idea how HMO's were going to be the new way America was going to contain escalating health care costs. Just because it bombed then doesn't mean it wont play well now. Pay your premium FFS and go as you like is most likely a chapter fading into the sunset. Its a new day in health care and health insurance has already left the building, it is no longer exclusively an insurance product. Assurant never struck me as being an health care organization/operator as much as they are an insurance company, and the model simply doesn't make sense.
Question we should be asking ourselves is how as agents might we fit if at all in that new emerging health care model? But before you answer that you have to admit the public most likely doesn't hold health insurance in the same regard as something like auto or home insurance, and at the end of the day we are after all just an insurance agent.
Last edited:
Can't speak to what is going in on AL but the HMO model is usually bound by geography. I have never seen a statewide HMO, but there may be some out there.
Most are limited to a few counties, usually around metro areas.
The best ones use a closed panel (KP type) model. Even better if they own a hospital vs. contracting with one.
They have limited appeal and will show some growth but don't foresee this becoming a major player.
Most are limited to a few counties, usually around metro areas.
The best ones use a closed panel (KP type) model. Even better if they own a hospital vs. contracting with one.
They have limited appeal and will show some growth but don't foresee this becoming a major player.
If you don't mind me asking, how many local players do you have? It appears that you are from Alabama and from what I understand the blues have a stranglehold on that state. Also, do how much enrollment do these local players have?
thanks.
- Thread starter
- #98
This would suck, and creates the same sound with commissions
Aetna may acquire Humana or Cigna | BenefitsPro
Aetna may acquire Humana or Cigna | BenefitsPro
point one: I hate Humana Medicare
point two: I like Aetna Medicare
point three: Im ok with this
- Thread starter
- #100
I'm not talking medicare, I'm talking ACA.
And you don't sell Aetna ACA, so refrain from commenting.
Similar threads
