Key Med plan from Assurant

[Alsky]

So what do you think of the new Key Med limited benefit plan from Assurant?

 

[Crabcake Johnny]

It's not in MD - got a brochure?

 

[Crabcake Johnny]

Oh - click the link

Blank

 

[CHUMPS FROM OXFORD]

Interesting. Pretty limited coverage (as expected for this type of policy). I'm curious to see the rates.

 

[moonlightandmargaritas]

Available for effective dates starting 12/16.

LIMITED number of states have approved...only about 10.

 

[Crabcake Johnny]

Agreed - would need to see the rates. This plan would only need to be discussed in states where people who are declined have almost no options.

 

[Crabcake Johnny]

KeyMed rolls out this weekend in AL, AZ, CO, IL, MI, MO, NC, OH, SC, TN, PA and WI. The software to run rates won't be available until this weekend along with the product brochure. It rolls out in 15 more states by Feb along with more new Assurant "elite" plans.

 

[somarco]

More junk.

 

[TXINSURANCE]

Has anyone seen rates or commissions?

The reality is I can get VERY HIGH commish from UA on this type of plan.

If Assurant is planing on paying 15-20% ish on commish for what is essentially a mini med, why is going to sell it? The reason people sell mini meds (one reason) is super high commish...

This all boils down to rates and commish...

I wonder if Key Med will be available on Norvax Broker Office... Probably not due to the nature of the plan?

 

[Crabcake Johnny]

Commissions will be the same. It's a non-issue for me in MD due to MHIP.