Medicare Supplement Plan F Vs N

Jul 15, 2016

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  1. wdisera
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    wdisera New Member

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    Hello,

    I am shopping for Medigap insurance. I live in Will County, lLLinois. I am considering Plan F and N am leaning towards Plan N. I considering BCBS and AARP/UHC. BCBS prices its product via age related and while it UHC uses a community rated method.

    My research shows over the long term, the community rated may be less expensive. Can anyone confirm this? I'm aware of other factors that go into the pricing such as actual claims and inflation.

    Also, any opinions on which company is better overall or possibly a completely different company I should consider.

    Thanks
     
    wdisera, Jul 15, 2016
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  2. kgmom219
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    kgmom219 What's Next?

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    I am not licensed in Illinois, so I will answer.

    We are all (almost) agents on this forum. We make a living and provide for our families by answering the questions you have posted.

    I would hope that no one responds with the answer and that an agent in Illinois contacts you directly. Or perhaps you can contact a local agent and give them a chance to earn your business?

    Thank you.
     
    kgmom219, Jul 15, 2016
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  3. FLM2
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    FLM2 Guru

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    Let me add one more thing, not that it will make a difference since this guy has posted the same thing in 3 Forums:

    AGENTS HAVE THE SAME RATES AS GOING DIRECTLY TO THE INSURANCE COMPANY, IT COSTS $0 TO WORK WITH A LICENSED, PROFESSIONAL AGENT.


    I'm not licensed in Illinois either and have no interest in providing a very simple answer to the question.
     
    FLM2, Jul 15, 2016
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  4. asher
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    asher Super Genius

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    Well said FLM2.

    I hate individuals picking our brain
    and doing it themselves and later running into propblems

    This shopper should work with an agent and let that agent provide service
    and a living.
     
    asher, Jul 15, 2016
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  5. AboutThatLife
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    AboutThatLife Guru

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    Medicare supps can be bought directly? The way I figure, even if you go direct to the company there is an agent that signs you up. That agent makes a commission. That's just the way it is.

    If you need help in this process feel free to PM me.
     
  6. sman
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    sman Guru

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    Umm, no. The person answering the phone at BCBS and UHC aren't getting paid a commission. They get paid an hourly rate. Additionally, they aren't being objective. They have only their plans to offer. And as many of us know, those two carriers are rarely the least expensive.
     
    sman, Jul 16, 2016
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  7. WCMason
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    WCMason Guru

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    A "community rated" plan that has an age-related "discount" that goes away a little bit every year mimics an attained age plan almost exactly and the community rating label does not necessarily make it less expensive.
     
    WCMason, Jul 16, 2016
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  8. AboutThatLife
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    AboutThatLife Guru

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    so they go out and get licensed to sell health insurance then sit in a call center and get an hourly rate?
     
  9. WCMason
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    WCMason Guru

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    Sure. Steady pay, benefits, no prospecting. An hourly rate agent can do better than an independent who can't figure out how to get in front of prospects.
     
    WCMason, Jul 16, 2016
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  10. Seeking Help
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    Seeking Help New Member

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    I'm one of those agents answering the questions of people all day long that have no idea of the time the effort and the training that we go through. They are the same people that have a personal tendency to always run into problems that could have been avoided using a trained agent. They are also the ones that come to Costa Rica stay in an over priced Hotel, pay to much for everything and try to beat some little old lady out of fifty cents for some cheap trinket to take home to a life long friend.
     
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