During this recession many, many of the people that received pink slips were people in their mid fifties. The problem with people in their mid fifties is that many times they will have some type of on-going medical condition.
I have been getting a lot of requests from people in their mid to late fifties to apply for individual insurance. They apply online and some of them live hours away from me. My decline ratio has gone off the charts!
When I look at a declined case of a person that was born with something that in 50 years has never been a problem, I wonder what happened to underwriting and pricing to accept a risk. Everything is now computerized UW and if you don't hit the UW number....you are out.
I do not like Obama Care nor do I like the idea of government insurance but.....when someone wants to be responsible by buying their own health policy and get declined...what are we to do.
Twenty five years ago a decline was rare and I guess because I was in my thirties, the referals were younger. But now that I am far too close to age 60, I see the cracks in the current underwriting / pricing model. What are we to do?
There is the guaranteed plans but those rates are butt kickers and really are not a financial reality. I think that if someone is going go with a high deductible HSA that UW should relax a bit.
The State DOI rules don't help. I am in a take it or leave it State. Unless you are working as an association plan, a stock insurance company can not rider or make an offer outside of published rates.
People don't understand that the Federal and State health care regulation is a Gordian knot and I don't see it working out well for brokers.
Have health companies tightened UW because the Feds have not given clear indication of the rules under the new Federal health care Bill.
I have been getting a lot of requests from people in their mid to late fifties to apply for individual insurance. They apply online and some of them live hours away from me. My decline ratio has gone off the charts!
When I look at a declined case of a person that was born with something that in 50 years has never been a problem, I wonder what happened to underwriting and pricing to accept a risk. Everything is now computerized UW and if you don't hit the UW number....you are out.
I do not like Obama Care nor do I like the idea of government insurance but.....when someone wants to be responsible by buying their own health policy and get declined...what are we to do.
Twenty five years ago a decline was rare and I guess because I was in my thirties, the referals were younger. But now that I am far too close to age 60, I see the cracks in the current underwriting / pricing model. What are we to do?
There is the guaranteed plans but those rates are butt kickers and really are not a financial reality. I think that if someone is going go with a high deductible HSA that UW should relax a bit.
The State DOI rules don't help. I am in a take it or leave it State. Unless you are working as an association plan, a stock insurance company can not rider or make an offer outside of published rates.
People don't understand that the Federal and State health care regulation is a Gordian knot and I don't see it working out well for brokers.
Have health companies tightened UW because the Feds have not given clear indication of the rules under the new Federal health care Bill.
