Medicare Supplement Persistency - Better Than You Would Think

[rousemark]

Been a lot of debate over how many people are dropping Med Sipps for Med Advantage. This study addreeses that.

Medigap Persistency - Medicare Supplement Data and Statistics

 

[goillini52]

Been a lot of debate over how many people are dropping Med Sipps for Med Advantage. This study addreeses that.

Medigap Persistency - Medicare Supplement Data and Statistics

"The majority (53%) of agents report that the Medigap policies they have sold remain on the books for 9 or more years"

I don't believe that for one minute.

 

[DonP]

"The majority (53%) of agents report that the Medigap policies they have sold remain on the books for 9 or more years"

I don't believe that for one minute.

It was a survey of only 250 agents in the business at least 5 years . It's bs I don't believe .

 

[Yagents]

I can vouch those numbers are not bullcheet. Been selling supps for over 10 years, and I have a good 120 policies that over 9 yrs old and are still on books. Maybe lost a dozen due to death or mapd over the years.

 

[goillini52]

I can vouch those numbers are not bullcheet. Been selling supps for over 10 years, and I have a good 120 policies that over 9 yrs old and are still on books. Maybe lost a dozen due to death or mapd over the years.

UHC doesn't stay low everywhere. Not even competitive here.

 

[Yagents]

True on that, guess I'm blessed

 

[rousemark]

"The majority (53%) of agents report that the Medigap policies they have sold remain on the books for 9 or more years"

I don't believe that for one minute.

If agents are counting clients that they roll from one company to another over the years then I would think it
possible.

 

[goillini52]

If agents are counting clients that they roll from one company to another over the years then I would think it
possible.

Yeah, but that said keeping with the same carrier for 9 years. In my neck of the woods, you're doing your client a disservice by not moving them every 3-4 years if they can pass underwriting.

 

[Bill_Kiray]

If agents are counting clients that they roll from one company to another over the years then I would think it
possible.

I agree with this. I'm not buying 50% or better staying on the same policy for 9+ years...

 

[kgmom219]

What Bill said.

Mine aren't moving from Medigap to MAPD. Even when they want to discuss "Joe Namath" commercials. I say MD Anderson is out and/or prior authorizations and the conversation is over.

I will say that when I've got someone on Blue at 72+ that is still able to get through UW, we discuss moving carriers. It's enough savings that even assuming the 5 year jump (doubling) in rates and not getting through UW, it's worth the savings, assuming age 95. 95+? Probably not