Medicare Supp / MAPD Comp Stability

Dec 28, 2015

Tags:
  1. saintstigers
    Offline

    saintstigers Guru

    Posts:
    287
    Likes Received:
    0
    Or those of you who have been selling med supp and MAPD for 10+ years...has broker compensation been stable or has it been declining?

    Furthermore, what do you prognosticate for the next 10 years...will it go to hell in a hand basket like IVL?
     
  2. G.Gordon
    Offline

    G.Gordon Guru

    Posts:
    3,182
    Likes Received:
    4
    State:
    Missouri
    It has decreased a bit, but my book of business has outgrown any negative impact. I see the next ten being like the last 20, more of the same. Change is constant, stay loose and informed, one thing is for sure, no matter how crazy it gets, everyone needs the expert.
     
    G.Gordon, Dec 29, 2015
    #2
  3. Todd King
    Offline

    Todd King IMO/FMO Owner

    Posts:
    7,875
    Likes Received:
    1,396
    State:
    Virginia
    MA plans do pay less today than they did when they first came out. A lot has changed in that area. Med Supps are still pretty much paying out what they did 10 years ago.

    Now, some of the "soothsayers" that I've talked to seem to thing that Med Supps are going to go away and all we'll be left with is MA Plans. Furthermore, they do seem to think that the MA companies will be narrowed down to about 3 major companies and that's it.

    Although I do see some changes in the Med Supps coming, I just don't see that Med Supps going away in their entirety anytime in the near future. We do see evidence of many MA companies being bought out by some of the major players (Aetna, etc) though.
     
  4. TDFnCali
    Offline

    TDFnCali Guru

    Posts:
    3,143
    Likes Received:
    8
    State:
    California

    I dont have ANYWHERE close the exp that Todd has (although I can tell u hes a decent poker player)...I dont see how in any way, shape, form or fashion that Med supps go away, or any big changes to their compensation. Now as far as MA & MAPDs, thats another story....the big 3-4 seems about right tho.
     
    TDFnCali, Dec 29, 2015
    #4
  5. Mrs.A.Mann
    Offline

    Mrs.A.Mann Expert

    Posts:
    80
    Likes Received:
    2
    Something fun that may or may not exist.... I hear that in the future MA's may be paying out in similar fashion to Med Sups.
     
  6. WCMason
    Offline

    WCMason Guru

    Posts:
    2,151
    Likes Received:
    299
    State:
    Colorado
    Similar fashion as in a percentage of premium? That would be bad news.
     
    WCMason, Dec 31, 2015
    #6
  7. cadylou
    Offline

    cadylou Guru

    Posts:
    948
    Likes Received:
    1
    Just don't put all of your eggs in one basket & you'll be fine!
     
    cadylou, Dec 31, 2015
    #7
  8. vic120
    Offline

    vic120 Guru

    Posts:
    2,619
    Likes Received:
    428
    State:
    Tennessee
    But $0 premium plans will pay 100% of premium
     
    vic120, Dec 31, 2015
    #8
  9. Mrs.A.Mann
    Offline

    Mrs.A.Mann Expert

    Posts:
    80
    Likes Received:
    2
    Similar fashion in that pay will be dolled out as earned, instead of in one bulk sum annually.
     
  10. JimmyUt
    Offline

    JimmyUt Guru

    Posts:
    2,576
    Likes Received:
    16
    State:
    Utah
    I would be happy to get paid a % of what the insurance company gets from medicare. Let's say it's 700 a month for the beneficiary. 5 to 10% of that would be awesome every month
    . I'll take 5%
     
    JimmyUt, Dec 31, 2015
    #10
Loading...