Cheap Bare Bones Pdp?
- Thread starter vertex
- Start date
- 19,652
There could be 50 different answers to that question. One for each State. Go to Medicare.gov and put in the zip code and see what's available. Go by the price for ones that have a deductable and the ones that don't. If they don't take any meds now, there is no need to do a formulary look up.
First of all, the term is "creditable" not credible.... as in being given credit for having coverage as good as the CMS approved Medicare PDP.
Secondly, go to the CMS website... they have a published list you can scour for price ranges. Watch out for the deductible.... premium is not always the best indicator of cost effectiveness.
Thirdly, do your due diligence. Don't expect forum members to give you what you want for free. We have to do our own research... and be careful of what advice you get here. Not all of it is the best advice (even mine at times..
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- 4,746
If the Medicare beneficiary is in Az, there are 22 PDP's.
Cheapest is,
UnitedHealthcare MedicareRx (PDP) $10.30/mo.
Cheapest is,
UnitedHealthcare MedicareRx (PDP) $10.30/mo.
VERTEX SAID- "Can anybody give me a suggestion for a cheap bare bones pdp (credible) for customers that don't use any drugs to speak of but don't want to be penalized? Thanks in advance."
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Trust me you dont want to go down the road you are headed. Ive been down that road and it ends going down a steep hill into the river! All of the companies selling those drug plans are snakes in the grass. It does not matter who has the cheapest plan this year because its just a come on to suck your clinets in for the first year before they start putting the boots to your client. Case in point is Humana which 4 years ago sold drug plans for less then 2 dollars a month. those same drug plans are now running over 40 dollars a month with higher deductibles. Case in point #2 is Coventry which ahd one of the cheapest drug plans last year which they promptly raised the rates 10 dollars a month this year and added a hundred dollar deductible. And the crapola train does not stop there. These sleaze bag insurance companies have greased the hands of legislators and medicare officials so that they have now made a rule that it is illegal for you to call the client up and warn them that the insurance company is raising their premiums through the roof. These PDP companies even have the medicare officails and legislators helping them hang onto the people they sucked in with those low premiums by passing laws that make it unprofitable for you to help your clients. In essence drug plans are a loser for insurance agents.
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Trust me you dont want to go down the road you are headed. Ive been down that road and it ends going down a steep hill into the river! All of the companies selling those drug plans are snakes in the grass. It does not matter who has the cheapest plan this year because its just a come on to suck your clinets in for the first year before they start putting the boots to your client. Case in point is Humana which 4 years ago sold drug plans for less then 2 dollars a month. those same drug plans are now running over 40 dollars a month with higher deductibles. Case in point #2 is Coventry which ahd one of the cheapest drug plans last year which they promptly raised the rates 10 dollars a month this year and added a hundred dollar deductible. And the crapola train does not stop there. These sleaze bag insurance companies have greased the hands of legislators and medicare officials so that they have now made a rule that it is illegal for you to call the client up and warn them that the insurance company is raising their premiums through the roof. These PDP companies even have the medicare officails and legislators helping them hang onto the people they sucked in with those low premiums by passing laws that make it unprofitable for you to help your clients. In essence drug plans are a loser for insurance agents.
I'm guessing that more and more seniors will be opting for "no" drug plan this year. First Health's $14.50 plan was their only saving grace last year, but now it is $25+ and that is our bare bones plan. Not good. $300/year for a "place holder" plan. At that price if I were a senior on one generic or NO drugs at all, like some of my clients, I'd get out all together.
What I've told people is ...if you're taking generics, PDP's will, in all likelihood, not save you any money. You'll likely pay more in premium then what the savings would or could be.
Their only going to save money if taking preferred brands or/and, brand-named drugs.
- 11,997
When it comes to insurance I don't trust you and I don't think any rational person said. Neither of your examples make much sense. Every year the plans change and the medicare beneficiaries can ALWAYS change their plans when the plans change. Yes, you can call up your client and let them know about ANY changes to the plan you sold them. The real problem with a cheap plan would come when the senior actually needs to use a drug and finds out it's not covered. Other than that, there isn't much of a problem with giving someone an inexpensive plan as long as the beneficiary knows the coverage may be limited but they'll have the option of changing plans every year for as long as these plans exist.
The best advice that was given was to go to Medicare.gov and look over what's available which may very well include an MA-PD for the right folks too.
- 15,319
Yoda, you showed up here in your 1973 Yugo and started to bad mouth everyone offering advice and/or contracts.
What's your background? Do you have a license or did it get canceled due to "inappropriate" activity?
You don't know any of us yet you question our ethics. Sounds like someone didn't get enough attention when he was growing up.
Rick
What's your background? Do you have a license or did it get canceled due to "inappropriate" activity?
You don't know any of us yet you question our ethics. Sounds like someone didn't get enough attention when he was growing up.
Rick
