MA Renewals My Squeak by for 2011

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One of my brokers just call called and informed me he just spoke to the senior VP of Wellcare. He was informed as of now that MA renewals should be safe thru 2011.
 
One of my brokers just call called and informed me he just spoke to the senior VP of Wellcare. He was informed as of now that MA renewals should be safe thru 2011.

Well that settles it then. As much integrity as Wellcare has shown, that should be like money in the bank, no?

http://blogs.wsj.com/health/2009/02/20/feds-wellcare-misled-and-confused-medicare-beneficiaries/tab/article/

http://www.corporatecomplianceinsights.com/2009/wellcare-fraud-wellcare-health-plans-to-pay-80-million-settlement-defrauded-medicaid-florida-healthy-kids-corp

http://www2.tbo.com/content/2008/oct/07/na-health-fraud-scheme-detailed/
 
Renewals on what ? you better factor in plan changes and non renewal of plans.PFFS will be gone in many counties..
fewer benefits and higher monthly premiums will drive many away from present advantage plans. My advice stay in close contact with your clientele. You will need to be ready to change them to different med advantage plans and many to Med supp Plans. Plan N may be a good alternative if they are really concerned about medical expenses and want a lower premium
 
I was told the other day by an agency rep. that CMS was only going to allow renewal income for 5 years on any Medicare eligible no matter what company you move them to, is that true. So for example if they are on cigna for 2 years and they move to secure horizons for 3 years, then you move them to another company there will be no more renewal pay for that person, ever.:skeptical:
 
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