I just received this email.
Huh?
First I've heard about this. What's he talking about?
Date: July 21, 2011
To: Valued Agent
Re: Medicare Supplements threatened by Congress
Congress has focused on changing Medigap products to eliminate “first dollar” coverage as a part of its Debt Ceiling deliberations. This is somewhat like draining the ocean with a water glass but in this case the glass will not even hold water.
We need your help in protecting America’s senior citizens from increasing out of pocket costs and defending what is the most popular insurance product in the history of the industry. Not only does Medigap allow seniors to plan for their health care costs and partially pay for them through monthly Medigap premiums, but trying to reduce the budget by shifting more costs to seniors is bad public policy.
Moreover, the proposed changes being discussed by Congress will certainly dramatically reduce the commission that can be paid on Medigap policies and may impose limits on the duration of commission payments as well.
Finally, these changes may render Medigap policies unprofitable from an actuarial standpoint and cause many companies to withdraw from the market.
PLEASE HELP US SOUND THE ALARM. We need for you to take the following actions:
Huh?
First I've heard about this. What's he talking about?Date: July 21, 2011
To: Valued Agent
Re: Medicare Supplements threatened by Congress
Congress has focused on changing Medigap products to eliminate “first dollar” coverage as a part of its Debt Ceiling deliberations. This is somewhat like draining the ocean with a water glass but in this case the glass will not even hold water.
We need your help in protecting America’s senior citizens from increasing out of pocket costs and defending what is the most popular insurance product in the history of the industry. Not only does Medigap allow seniors to plan for their health care costs and partially pay for them through monthly Medigap premiums, but trying to reduce the budget by shifting more costs to seniors is bad public policy.
Moreover, the proposed changes being discussed by Congress will certainly dramatically reduce the commission that can be paid on Medigap policies and may impose limits on the duration of commission payments as well.
Finally, these changes may render Medigap policies unprofitable from an actuarial standpoint and cause many companies to withdraw from the market.
PLEASE HELP US SOUND THE ALARM. We need for you to take the following actions:
- Go to www.protectmedigap.org and get up to speed on the issues we are facing. This site will also allow you to email your Congressional representative directly and express your concerns;
- Call 1-888-869-1923 and an operator will connect you with your Representative’s office so that you can make your feelings known.
- Involve others you know in our efforts, such as your policyholders, business associates and friends;
- Contact us via e-mail at [email protected] to express your commitment to this endeavor. We would appreciate knowing that you are involved and working with us.
