Missouri Plan F

[freighttrain]

Who has the cheapest plan F in Missouri zip 64155? Male turning 65.

 

[G.Gordon]

Married/single?

Tobacco user?

I'm going to say United of Omaha Plan J is cheaper than the cheapest plan F you find. It pays both deductibles like F, but was added to the book later so it hasn't taken a rate increase.

 

[John C. Osborn]

G.Gordon, MO is an Issue Age/Preferred State and higher premium is not required during Open Enrollment. I would recommend National States Plan F in the St. Louis area (they are also domicile in St. Louis). It is less expensive and pays greater commission than United of Omaha's F or J. Also, Plan J is going away in 2010 and you would have to either move them when the plan is no longer offered or they could be subject to future increase with no where to go unless they can qualify health wise. I am an independent broker in Springfield, MO you can contact me about contracting with National States or download the contract below. JCO

800.647.0724

 

[retread]

G.Gordon, MO is an Issue Age/Preferred State and higher premium is not required during Open Enrollment. I would recommend National States Plan F in the St. Louis area (they are also domicile in St. Louis). It is less expensive and pays greater commission than United of Omaha's F or J. Also, Plan J is going away in 2010 and you would have to either move them when the plan is no longer offered or they could be subject to future increase with no where to go unless they can qualify health wise. I am an independent broker in Springfield, MO you can contact me about contracting with National States or download the contract below. JCO

800.647.0724

Sorry, but you do not have to move a client whose plan is no longer offered. They can keep it 'till the cows come home. Agents just can't sell a deleted plan to a new enrollee. Check the DIFP site.

 

[Chazm]

From what I understood, you get "grandfathered" into the J plan. Or, are you saying that the J plan will significally go up in price?

 

[G.Gordon]

A. Johnny O doesn't have a clue.
B. Chasm is wasting his time trying to make sense of what he said.

So Jonny O, do you have a clue on Mutual of Omaha's "written policy" on those that are buying plan J?

 

[John C. Osborn]

A. Johnny O doesn't have a clue.
B. Chasm is wasting his time trying to make sense of what he said.

So Jonny O, do you have a clue on Mutual of Omaha's "written policy" on those that are buying plan J?

It is true you do NOT have to move to another plan but common thinking was that many companies within the last year submitted a Plan J to the State for approval simply because they thought that when they did away with the Plan J and Federal Continuation would kick in for a 63 day loss of coverage that would generate a guaranteed issue in to another plan that many agents wouldn't be able to move or the client would retain Plan J. Hence, by the plan going away it would mean seniors would be stuck with their Plan J and unless they could qualify health wise for another plan because they missed the guaranteed issue period then they would have to absorb the premium increases until, "the cows come home". Fortunately, I received the revised interpretation from the MODOI along with the gleaming of speculations I stated above and the simple format for replacing plans no longer offered after 2010 Modernization is:

ALL companies must adhere to issuing on a Preferred/Issue Age basis any application submitted 30 days of renewal into one of the plans mentioned in the thread above (Plan A, B, C, etc.) if the plan is no longer available. Everything has stayed the same in the wording for MO anniverary guaranteed issue except they added, "if available". Easy enough and great for the client but once again this was unclear because I've personally contacted the MODOI since January of this year to get the official word.

In addition, both of you are correct that you can continue the Plan J coverage because even if the plan is discontinued it is guaranteed renewable as well as you will no longer be able to offer those old plans. I apologize for leaving out the finer points in my previous response.

The least expensive Plan J in the entire State is still Old Surety out of Oklahoma. $105.18 monthly bank draft for Male or Female ages 65-70 if Plan J still makes sense to you please reply.

Personally I solicit Plan F because as an agent. Companies will continue to offer Plan F in the future because most of the Med Supp business in MO is F ad if the company wants to write business and be profitable they will market what is already available. Also, the conditioning of the client and then the replacing Plan F to save premium for the client in the future will be an easier book to manage. If this doesn't make sense ask any of the many agents who can no longer move the Plan D or Plan C they was priced so well in recent past. JCO

 

[John C. Osborn]

A. Johnny O doesn't have a clue.
B. Chasm is wasting his time trying to make sense of what he said.

So Jonny O, do you have a clue on Mutual of Omaha's "written policy" on those that are buying plan J?

Like I asked... DO YOU KNOW MUTUAL OF OMAHA'S WRITTEN POLICY FOR THOSE BUYING PLAN J?

IT MAKES ALL THE OTHER MUMBO JUMBO YOU WROTE POINTLESS. SINCE YOUR DIATRIBE EARLIER IN THIS THREAD WAS TO MY SUGGESTION TWO WRITE PLAN J WITH MUTUAL OF OMAHA.

Your post started with "common thinking"... it don't make a beetle's crap what someone thinks in this business. What matters is WRITTEN FACTS.


For further information, but no related to the above discussion here is an official word from the Missouri DOI:

Mr. Brown,
The revisions to the Medicare supplement rule are now published in the Missouri Register. In order to keep this provision of Missouri's rule, we added language to the "annual guarantee issue" provision that states:

"4. Paragraph (12)(B)8 shall include any Medicare supplement policy offered by any issuer, but only a policy of the same plan as the coverage in which the individual was most recently enrolled, if available, or, if not so available due to changes in the Medicare supplement plan designs, a policy with a benefit package classified as Plan A, B, C, F (including F with a high deductible), K, or L."

We will consider "old" Plan G and "new" Plan G to be "a policy of the same plan as the coverage in which the individual was most recently enrolled..." under interpretation of this section. I'm sure as time goes on, there will need to be clarifications issued by the Department on some of the changes, and this may need to be one of them. I'll add that to the list of things to discuss, but I feel confident you can continue to view this provision the same as in the past, except for those persons whose plan was completely dropped from the Medicare supplement program. They will qualify for those plans listed.

John Howser
Insurance Product Analyst III
Senior Products
(Long-term care, Long-term care Partnerships, Medicare Supplement)
Life and Health Section
Missouri Dept of Insurance, Financial Institutions & Professional Registration
Telephone: 573-751-1713
- - - - - - - - - - - - - - - - - -
We reviewed Old Surety and threw it away. The clause: "Any agent not helping us maintain low premiums will be terminated." is over the top and if reported to the DOI will get them a nice little letter explaining descrimination and/or cherry picking. Why the heck do they make you answer health questions even for those GI or open enrollment? So they can review the type of client you send them. Let one of your clients cost them money and you'll be cut out. Screw that type of relationship.

G.Gordon, fortunately your not one of 150 Missouri Medicare agents I support or one of the $5 million in annualized premium of Medicare supplement clients we have written through our hierarchy since Jan. 1st of 2009. In addition to the 80 Mutual of Omaha agents we support in the field, I received the memo. I was however above to acquire the information above from the same source as you cite this morning on the phone, when this all came about he asked me to send recommendations as early as last Spring. I can think for myself and choose not to copy and paste the regulation as you so eloquently did. I hope that the people that I have the opportunity to work with value insight and market trends so that they can use this in real insurance situations out in the field. Which as I believe is what this forum addresses. So thank you for your input but you fall short of the mark but not interpreting the written code for those that need realtime information to service their clients needs. Also, as I mentioned above, the only difference in the register is; "...in which the individual was most recently enrolled, if available, or, if not so available due to changes in the Medicare supplement plan designs...". JCO

Facts are not science - as the dictionary is not literature. ~Martin H. Fischer

 

[Chazm]

A. Johnny O doesn't have a clue.
B. Chasm is wasting his time trying to make sense of what he said.

So Jonny O, do you have a clue on Mutual of Omaha's "written policy" on those that are buying plan J?

Wow, every post you make is so negative. I feel sorry for your clients. It was a simple question.

 

[G.Gordon]

I wasn't being negative to you, but saying that you trying to make sense of his nonsense was senseless.

I'll lighten up. I tend to get critical when the experts seem to be missing basic knowledge.