Under 65 underwritten medicalOver or under 65?
Health Insurance IMO Recommendation
- Thread starter TexInsGal
- Start date
- 29,491
I wouldn't have a clue. I stopped doing U65 when O'bamacrap came out.
Now is the time to get back in to Goillini! Not sure what your core business is but providing another solution for a client is always a plus and help retain them.
If you have a background, the products are simple. You only need 2 carriers...easy online tools and great comp. Let me know if you want some info, happy to share it (there's going to be more than enough business to go around).
- 29,491
I have no desire to get back into the U65 market. I'm strictly in the senior market.
I get that goillini! Senior market is my core business and then I helped a couple of union guys make sense of their retiree option and they asked if I could help their wives who were facing $1,200 per month COBRA rates when their husbands T65.....I get a couple calls a week from someone in that group in the same situation. My typical case for the wife is STM, Indemnity Plan, CHAS that saves them $400-$800 each month on premiums and likely no out of pocket costs for care (except rx, although that's changing with the new 3 year STM plans) and I make $175-$280 MONTHLY on the comp (yeah, that's $2,000-$3,000+ per year)for first year comp on the wife's solution. Everyone is happy! And i Consider it a bonus when the husband actually listens that his retiree "Plan F" is 2.5 x what he would pay for a Plan G on the market and I actually write the Med Supp.
If nothing else, I don't see why to not have it in your back pocket to help the spouses you come across losing coverage when your client goes on Medicare.
If nothing else, I don't see why to not have it in your back pocket to help the spouses you come across losing coverage when your client goes on Medicare.
- 29,491
But STM's don't cover pre-existing.
But STM's don't cover pre-existing.
Right and probably wouldn't get approved through UW. I would say I run into that maybe 1 out of every 12-15. And with these 3-year STM plans. pre-ex only applies the first year. Why would a healthy person that pre-ex wouldn't impact pay for Obamacare or COBRA??
Sent you a PM would like to speak with you. Thanks!
- 6,462
Based on links below, doesn't look like either KS or IL residents get 3 yrs of STM plans, and I think IL rules are tighter than KS.
Short-term health insurance in Kansas
Short-term health insurance in Illinois
Yeah, KS is a tough place (Broker’s and consumers) they do allow 12 month terms with one renewal so I am hopefully that a two term plan, both terms underwritten at the time of initial app will be approved by the state but so far they haven’t approved any of the new carrier filings.
I sell nationally, though, so am able to help people with access to more consumer friendly plans. UW is pretty simple but depends on conditions and meds.
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