I Give Up on Medico

Oct 12, 2015

  1. finalexpenseguru
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    finalexpenseguru Super Genius

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    This carrier has the most unpredictable underwriting of any med supp carriers.

    Had 6 declines this past week. I been able to place each client with another carrier on the 1st try. I'm about ready to shelve them.

    I don't mind a carrier that is strict, they all have their place. My issue is when I can't find that place because they are unpredictable and make my life difficult. Several of them only took normal meds (lisinopril and metformin) but we're declined because they couldn't remember their A1C number when they visited their doctor.

    They even declined one person because they just started taking a cholesterol pill!
     
  2. goillini52
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    goillini52 MAGA...Eat More Bacon & BUILD THAT WALL!!!

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    I've got them, but after looking at that UW guide and talking to an Underwriter...he was as vague as the UW guide. I doubt I'll ever use them for a Med Supp.
     
  3. vic120
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    vic120 Guru

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    I have a few cases with them and they are a pain

    I have had hard cases approved and easy cases declined.I have probably less cases approved with them this year than most carrier while at the same time the most casses declined
     
    vic120, Oct 13, 2015
    #3
  4. germanwine1
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    germanwine1 Super Genius

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    I have them also but only for HI.

    Never considered them for MS now I know I won't.
     
  5. bpenn9
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    bpenn9 Guru

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    Just had a client I rewrote with then had breast cancer 4 years ago fly through. Guess I have been lucky with them.
     
    bpenn9, Oct 13, 2015
    #5
  6. elder
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    elder Super Genius

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    I just had a breast cancer go thru, 2 years 8 months cancer free, no meds. Husband approved on advair. I have around 50k with them, only 2 declines.

    Plus with my enroller the clients does not need email.
     
    elder, Oct 16, 2015
    #6
  7. bpenn9
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    bpenn9 Guru

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    Their UW is really slow also. Wrote a client yesterday at 10 am, Medico called at 12 PM for the PI, when I checked their portal this morning client was accepted.
     
    bpenn9, Oct 16, 2015
    #7
  8. elder
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    elder Super Genius

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    lol, I was expecting a slow decision on my cancer case, issued the next day. Now I dont like how they pay, one day a week.

    Did you know that they dont draft the client until the policy in force date?

    The only real thing I dont like is that they just dont raise premiums. In Indiana we only are paid for 6 years, we need a reason to move the client to keep those renewals coming in, usually its a premium raise.
     
    elder, Oct 16, 2015
    #8
  9. finalexpenseguru
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    finalexpenseguru Super Genius

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    This has been my experience as well. I am done with them.
     
  10. vic120
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    vic120 Guru

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    I don't think I am done with them.Sometimes they come out best rate or the might be the best chance for a competitive rate in some cases.I do like that there is no app fee and they don't charge till effective.

    However I do move with caution and I will lean toward more predictable underwriting whenever practical.Medico will always be a backup carrier unless they become more predictable.
     
    vic120, Oct 16, 2015
    #10
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