Costco?

Oct 8, 2007

  1. jacodaro
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    jacodaro Expert

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    Just had an appt cancel as she is looking into this. UHC product offered to executive members only. Can't find anything about the plan except that there is a premium discount. I'm in AZ.
     
  2. jacodaro
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    jacodaro Expert

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    No comments?
    I'm going by Costco today for info.
    Costco accepts lower commission and cuts the broker/agent out of the loop.
     
  3. djs
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    djs Super Moderator Moderator

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    How can they accept lower commission? Or more importantly, how can they offer the same plan for a different premium? I thought all states were pretty universal in the fact the premium is the premium is the premium, no rebating or discounting.

    Of course, they may have a separate plan that is a 'Costco' plan, that can only be sold by associations with over 100,000 members, etc, etc, etc, where the carrier gives a break because the commission is lower. They would still need a licensed agent to be selling it.

    Dan
     
    djs, Oct 9, 2007
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  4. somarco
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    somarco That Medicare Expert Guy

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    Products offered by Costco, Sams, AARP, eHealthinsurance, etc are the same product sold by agents. If your client wants to buy from Costco then you have not convinced them of your worth as a broker.
     
    somarco, Oct 9, 2007
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  5. GreenSky
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    GreenSky Guru

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    The first part of this is not true. There is an exclusive product for Costo members which can be sold by agents at a reduced commission. There is one general agency that has the arrangement - sort of like AARP did with UHC for the med supp. You can write it but I think it pays 5% (in Calif).

    That being said, it's no better than what you can get elsewhere.

    Rick
     
  6. Mr. Bill
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    Mr. Bill Guru

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    It's an old Pacificare product, and it's hard to find a more expensive plan than a Pacificare plan.
     
  7. jacodaro
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    jacodaro Expert

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    I was misinformed. Costco/Pacificare product is a pilot program only available in Ca.
    Went and wrote the deal and used BCBS of AZ. Not high commission but the business sticks.
     
  8. CHUMPS FROM OXFORD
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    CHUMPS FROM OXFORD Guru

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    Actually, it is available in four other states (Hawaii, Oregon, Nevada & Washington).
     
  9. jacodaro
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    jacodaro Expert

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    I thought it was available elsewhere but the membership desk at Costco said only Ca. Thanks for the replies.
     
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