MAPD Enrollment grew 9% this year and will pass Medigap enrollment next year
- Thread starter Fire
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Big reason is because everyone is used to having a high deductible on their Obamacare/group health and also a premium in some cases so when they are shown a $0.00 premium MAPD that includes their medical, PDP, dental, vision, gym, OTC it’s a no brainer. And max out of pocket is $3500 vs. current $8700. Or they can pay an extra $110/month so now they have a deductible along with a crappy PDP with no extra benefits.
Nah That's been around for years too
this would not count for it
In fact Many would say Obamacare has been much more expensive, restrictive and with much higher deductible then Med Supp PDP and stand alone dental
And they would rather the freedom
Up till this year so that does not account for the change Because it is not a change
Well I didn't say it was just this year, the MAPD market has been growing steadily since 2008. Still agents out there saying it's a thing of the past. I think it might be here to stay so may want to offer clients all their options and let them decide. And the deductibles and max oop does grow each year on Obamacare so hasn't been the same since it came out.
On a personal level it increased a little last year but really Jumped this year
I usually do 70% MedSupp during AEP and 90% Rest of the year
2 years ago I did 50% during AEP and 80% med supp rest of the year
This last AEP I did 75% MAPD and about 70% MA so far this year
I am not doing anything different
There was no shift before this
You being a 100% medigap surely your new business is not as robust as 2-3 yrs ago. Even wealthier people looking at mapd now . The mkt has shifted massively the last 3 yrs. The pool of new medigap clients is getting smaller.
policywunk
Guru
- 542
And . . . you would be incorrect
My business grew by 9% last year and I worked less than I have in prior years . . . but thanks for asking.
Hilarious!
And 100% wrong
