- 9,744
I'm sure that part of it (although not all) is that healthagent has a financial interest in promoting ICan.
Ergo, criticism of AIM.
Ergo, criticism of AIM.
Guaranteed Health Plan
- Thread starter thereaper
- Start date
- 14,809
I'd love nothing more than to recommend AIM to agents who are looking for a mini med - matters not to be in the least. Let's get a complaint brochure for a step in the right direction.
And I have a financial interest in promoting Ican? Wow - tell me more about that - you have my interest.
- 9,744
Nothing wrong with it as long as it's transparent.
You've been critical of AIM in the past, but it seems it's got a lot more energy since your involvement with ICan came along.
Don't you have a webinar on your association website about ICan? I don't expect you work for nothing?
They pay to fly you down to Boca? That is financial interest in promoting Ican...
- 14,809
I get nothing from Ican - and if you look at my AIM posts before I started the association I'm sure you'll see that my opinion hasn't changed.
And I don't work for nothing. I get dues. I just locked down $400 E&O with CNA - think CNA gives me a red cent? No. Norvax? Not a nickel.
So what's the point? The more deals I offer members the more attractive membership gets - so that's my incentive.
Does that mean I can affiliate with anyone? No - if I hook up with a company that doesn't live up to agent's standards I hear the complaints - then I have to make a change.
And I don't work for nothing. I get dues. I just locked down $400 E&O with CNA - think CNA gives me a red cent? No. Norvax? Not a nickel.
So what's the point? The more deals I offer members the more attractive membership gets - so that's my incentive.
Does that mean I can affiliate with anyone? No - if I hook up with a company that doesn't live up to agent's standards I hear the complaints - then I have to make a change.
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Do you have a sample policy or brochure you can send me? I'm not familiar with CCU.
-J.R.
You're damn right!!!!
- 14,809
Lol....yet I'm not selling mini meds to uninsurables.
adamlehrman
Expert
- 24
Directly from your link..."MEWAs are sometimes (not always) unlicensed, illegal entities that sell coverage to small businesses and self-employed individuals."
Here's more on it (it's quite dense): Multiple Employer Welfare Arrangements under ERISA...A Guide to Federal and State Regulation
AIM is not an illegal MEWA. It's not cheap enough!
Just to let you gentlemen know, I'm grateful to have received the information you've all given, regardless of intent. I've spoken to many brokers over the years and it's good to hear the general consensus and differing opinions and perspectives in an open forum.
I'm going to continue to market it to brokers, after I get a few more answers to certain questions out of the way, and I'm going to continue to sell it when it's the only plan available.
In the meantime, feel free to contact me if it ever crosses your path again and you have a question or concern about it.
Here's more on it (it's quite dense): Multiple Employer Welfare Arrangements under ERISA...A Guide to Federal and State Regulation
AIM is not an illegal MEWA. It's not cheap enough!
Just to let you gentlemen know, I'm grateful to have received the information you've all given, regardless of intent. I've spoken to many brokers over the years and it's good to hear the general consensus and differing opinions and perspectives in an open forum.
I'm going to continue to market it to brokers, after I get a few more answers to certain questions out of the way, and I'm going to continue to sell it when it's the only plan available.
In the meantime, feel free to contact me if it ever crosses your path again and you have a question or concern about it.
- 15,319
I think the plans offer a false benefit. Instead of paying $50,000 to a hospital for a surgery, the bill might be reduced to $30,000. Either way, the patient is screwed into thinking they really have a benefit.
What I'd love to see is a plan for uninsurables at a zero cost (or close to it) which just puts them into a PPO network. No other benefits. They would know what they are getting. No false promises but simply a reduced cost for services.
Will it keep them solvent if there was a major claim? Of course not. But it would help lower their cost for routine and preventative care. Maybe enough to catch something early enough to keep them out of the hospital.
Rick
What I'd love to see is a plan for uninsurables at a zero cost (or close to it) which just puts them into a PPO network. No other benefits. They would know what they are getting. No false promises but simply a reduced cost for services.
Will it keep them solvent if there was a major claim? Of course not. But it would help lower their cost for routine and preventative care. Maybe enough to catch something early enough to keep them out of the hospital.
Rick
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