Florida Med-Supp Agents....

[Russ]

Thats a joke! Been 17 days and still no paperwork from them for my nonresident license. I asked for a duplicate to be sent earlier in the week ( 6 days ago) still not here.

Verified address several times; it is correct.

Then, they give me a satisifaction survery to fill out.

I did; and no response from that.

No plans to retire in that state now

You would think they could email you the non-resident paperwork or you could go on their website and get it.

I was considering getting a non-resident Tennessee license a couple of months ago and they emailed me the paperwork. I was told it could take a few weeks to get it approved though and the cost was rather high.....somewhere around $150.
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Looking at the FL DOI website, the filing for agents(us), that write AARP med-supps in Florida was actually February 26th, not February 18th, as I posted above. There are more health questions on the application then what it use to be, but it's not as involved with health questions as Alabama is.

 

[alldaytuesdays]

Thats a joke! Been 17 days and still no paperwork from them for my nonresident license. I asked for a duplicate to be sent earlier in the week ( 6 days ago) still not here.

Verified address several times; it is correct.

Then, they give me a satisifaction survery to fill out.

I did; and no response from that.

No plans to retire in that state now

Don't hold your breath. I applied for a non-resident license there in early December (12/10/09). I got it in the mail March 11....seriously. There were no glitches to my knowledge, other than the incredibly slow work of the people in the licensing dept. Had a referral to work but he couldn't wait on me, so I gave it to someone else.

I filled out the (dis)satisfaction survey too. I rather enjoyed doing it.

 

[Russ]

Just got a letter from Sterling Investors about paying the $60 to renew my appointment in Florida. I found out from talking w/Sterling Investors they are not filing for the modernized plans in Florida. Not sure about other states. No sense in me renewing that appointment. I read where their volume of total med-supps in force in Florida is under 500.

The lady I just talked to said...."their waiting to find out how the market is going to play out." Looks like their out of the med-supp business...maybe nationwide.

Bankers Life still hasn't applied for the modernized plans either.

 

[MedSuppPro]

Just re-checked MoO & AARP and still nothing.

I just advised another T65 appointment to wait.

Not sure what your telling your June + T65's? I'm telling them Mid-April.

Otherwise, I may have to brush the dust off some MA plans.

 

[Russ]

Just re-checked MoO & AARP and still nothing.

I just advised another T65 appointment to wait.

Not sure what your telling your June + T65's? I'm telling them Mid-April.

Otherwise, I may have to brush the dust off some MA plans.

That's about all you can tell them.

I noticed the FL DOI made MoO reword the statement within the policy about when rate increases apply to an existing policy. MoO had to refile that yesterday. There's should be approved any day now. Or week now....or month now.

 

[Russ]

Checking on the status of MoO's Florida filing for those hotly desired "modernized med-supp plans", MoO has waved a deemer provision which would have forced the FL DOI to make an approval or disapproval decision by tomorrow, March 26th(45 days from the filing date).

In other words, the FL DOI can take more time to decide if they'll approved that all important hospice benefit on the modernized plans. I guess 45 days just isn't long enough.

Maybe it won't matter if Obamacare knocks the commissions to 3-5% on med-supps. As of today, nothing is approved in Florida for a June 1st, 2010 effective date.

Sixty-seven days and counting til I'm out of the med-supp business in Florida.

One and one-half months and you can't approved a hospice benefit on a med-supp plan? R U kidding me?
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Just re-checked MoO & AARP and still nothing.

I just advised another T65 appointment to wait.

Not sure what your telling your June + T65's? I'm telling them Mid-April.

Otherwise, I may have to brush the dust off some MA plans.

Just had a T65 call me that's almost a definite to buy. I was pushing him slightly on the phone to let me come out today and write him and then realized he's 65 in June.

Why am I pushing at all? There's nothing to write.

 

[Russ]

Here's that hospice benefit that's holding up all companies in Florida from being approved on the modernized plans.......

Hospice Benefit
Today, Medicare offers a hospice benefit that pays eligible expenses with a drug copay and inpatient respite care coinsurance, but these are
not covered by Medicare supplement plans. The modernized plans will cover these expenses as a core benefit:
• $5 copay for outpatient prescription drugs for pain and symptom management
• 5% of the Medicare‐approved amount for inpatient respite care (short‐term care given by another caregiver so the usual caregiver
can rest). Does not include room and board.


A $5 co-pay and 5% benefit for inpatient respite-care.


Memo to all med-supp companies filing for the "modernized plans" in Florida.....

You should have filed your new plans about the first week in January.

God help all health insurance companies in Florida that have to file new plans for health care reform.

 

[Russ]

How fast the FL DOI can approve a product....

Aetna Life Insurance Company applied for approval of Dental Care Coverage on a one-case basis. It was approved the same day it was submitted, March 25th, 2010.

 

[Russ]

I see where Bankers Life is officially out of the med-supp market in Florida as of June 1st, 2010.

They join Sterling Investors. American Pioneer Life may be next. They never have filed for any modernized plans.

If anyone writes AARP in Florida, it's still pending. About 4 1/2 weeks left and their out in Florida too if the modernized plans aren't approved by the end of April.

MoO had a rate increase in Florida effective February 1st, 2010. Another one looming for approval of modernized plans to be approved?

 

[Senior Benefit]

For those getting excited about Bankers Life & Casualty no longer being in the Med Supp business down in Florida, you should check back on the DOI website under Colonial Penn. Since Conseco owns both, they are going to use the first wave of filings under Colonial Penn. Most BL&C agents are already appointed with Colonial Penn, so it will be seamless for them. Sorry about the bad news.

David Kurtz, CLTC
Senior Benefit Services, Inc.
[email protected]