It Does Not Look Good for Agents Selling Medicare Supplements.

[retread]

Re: It Does Not Look Good for Agents Selling Medicare Supplements

Seniors do have GI already! Its called MEDICARE. A medicare supplement is a totally optional supplemental coverage. Why would it need to be garuntee issue? My thought is that they wouldnt.

Good point. AARP, who has had the closest thing to GI for a med supp that you can get without Federal protection, has been adding health questions to the new modernized plans. Why? Their claims have been hit with people who need surgery, etc. that they have put off and now want it covered, but either don't have a supplement or have a MA plan with those pesky hospital co-pays.

I don't blame AARP for doing this... but they brought this on themselves by enticing people to sign with them using easy UW. You can't have your cake and eat it, too!

 

[moonlightandmargaritas]

Re: It Does Not Look Good for Agents Selling Medicare Supplements

I don't blame AARP for doing this... but they brought this on themselves by enticing people to sign with them using easy UW.

I think it was United Healthcare...AARP isn't an insurance company.

 

[carroll]

Re: It Does Not Look Good for Agents Selling Medicare Supplements

Well if med supps are going away what's the next best insurance to sell?

 

[G.Gordon]

Re: It Does Not Look Good for Agents Selling Medicare Supplements

Cancer with a 20 pay ROP. It's free.

 

[DS4]

Re: It Does Not Look Good for Agents Selling Medicare Supplements

Well if med supps are going away what's the next best insurance to sell?

Pet insurance.

 

[Russ]

Re: It Does Not Look Good for Agents Selling Medicare Supplements

Pet insurance.

But CMS would get involved and the pet would have to bring it up to the agent first.

Plus they would have to sign a Scope of Appointment form and have a "cooling-off period" before joining them up.

Ruff! Ruff!

 

[Jack C...]

Re: It Does Not Look Good for Agents Selling Medicare Supplements

Well if med supps are going away what's the next best insurance to sell?

It wont be going away, but it will be hard to make a living at the lower commissions

 

[Yoda]

Re: It Does Not Look Good for Agents Selling Medicare Supplements

It wont be going away, but it will be hard to make a living at the lower commissions

I still think you have about as good of source of info on how this is going to play out as my cat does! For the good and decent agents that have been doing things right and selling medicare supplements there will be no change. It is only the bums and free loaders who have been making a living giving away free medicare advantage plans that are in for a rude awakening.

 

[AffordableLife]

Re: It Does Not Look Good for Agents Selling Medicare Supplements

I still think you have about as good of source of info on how this is going to play out as my cat does! For the good and decent agents that have been doing things right and selling medicare supplements there will be no change. It is only the bums and free loaders who have been making a living giving away free medicare advantage plans that are in for a rude awakening.

I would prefer to sell a med sup, but where I live the med advantage plans are impossible to beat. You tell me how you would sell a med sup to a senior, that has this plan, that is available in my area.

$0 premium
$0 doc copay
$0 hospital copay
$0 out patient copay
$0 skilled nursing copay
$0 emergency copay
$0 ambulance copay
$0 preventative copay
$0 tier 1 drugs
$15 tier 2
$50 tier 3
ALL drugs covered thru gap
90% of area doc's in plan

SO $200 a month or $0 a month almost same benefits as plan F and only needs to use network doc's.

I am sure this will change soon but for now this is the best. When it does change I can go back and move them all to a med sup.
</IMG>

 

[motorcyclegogo]

Re: It Does Not Look Good for Agents Selling Medicare Supplements

Ive seen medsupps referred to as "Private Insurance Policies"

Straight from CMS website...
"A Medigap policy is health insurance sold by private insurance companies to fill the "gaps" in Original Medicare Plan coverage."

I may be reading this wrong, but it says that Medigap policies are "sold" by private insurance companies. It fills in the gap of the health insurance provided by the government, thus the name Medigap. One cannot have a Medigap policy UNLESS they have A and B, but they can have A and B without a Medigap. So am I to believe this is Health insurance or a supplemental insurance to fill the gap for A and B? Just asking.