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They seem to have high commission payouts but are they competitive in FL and CA?
Is United American Competitive?
- Thread starter defenderzeta
- Start date
- 138
UA is a joke. Run like hell from them. THEY ARE A GLORIFIED DISCOUNT PLAN, NOT MAJOR MEDICAL. There Flexguard plans should be sold as a last resort because it covers very little. They will accept many pre x but will rate up etc. And the only reason they have a A rating is because they pay almost nothing in claims. If you decide to write UA make sure you have a nice E and O policy inforce first for yourself! And if you do decide to write the garbage within 6 months your charge backs will put you in the hole. Hope this helps.
- 5,056
Which UA products are your referring to?
Med Supps?
Under 65 health?
Med Supps?
Under 65 health?
- 138
Referring to U65. There MC Supps and Part D plans are over-priced also, at least here in Florida.
- 9,744
Claims paying and their AM Best rating have nothing to do with each other...
- 138
AM Best ratings are based on a companies over-all financial strength so of course that is related to there ability to pay claims.
- 9,744
Among other things.
You said they have a A rating becasue they pay so few claims. Whether they do or don't pay has nothing to do with their claims paying ability.
- 138
Yes, they are able to pay their claims because there are very few to pay as there actual benefits suck. Hope that clears things up.
- 5,056
Does UA not really pay legitimate claims or is it really the Agents who are misrepresenting the products for a 50% commission and a 12 month advance?
- 138
I think they pay their clamis, but they are so miniscule. Last I heard they paid agents a 200% advance with a 12 month charge back period.
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Oh, forgot to mention previuosly, just go to Ripoffreport.com and key them in to see what comes up. Make sure to block out some time for all of the reading.
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Oh, forgot to mention previuosly, just go to Ripoffreport.com and key them in to see what comes up. Make sure to block out some time for all of the reading.
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