More News on PLan N

[insurance0707]

I just called United Health Care/AARP and found out that Plan N is subject to the $155 deductible. After that is met, than the plan will cover office calls with a $20 copay and emergency with a $50 copay.

If your AARP Plan F or G clients want to change over to the new Plan N, they just need to call the home office and they will switch them over with no health questions asked. You will still be the agent of record though and continue to get the commissions. I asked them if there was anyway that I could just switch them and they said "no" it was easier with just a phone call for them to switch.

 

[GreenSky]

Given the fact that the deductible will apply, this plan better be at least $20 a month less than Plan F or J. It has to make financial sense to assume the deductible.

The interesting thing will be to see if the "new" plan F is lower in price than current due to the new pool.

Rick

 

[insurance0707]

In Michigan the Plan F went from $126.35 a month down to $117.60 a month.....$115.60 if you include the $2 discount. Not too bad. Plan N is $84.10 with the discount - there is no Plan G.

 

[sman]

Well, the "new" Plan F here in Georgia with United of Omaha has the same premium a the "old" Plan F. However, the United of Omaha product just came available in December. There are other states where the new Plan F is less expensive. Also, from what I can tell, the states that have community rating, the premium hasn't changed.

Given the fact that the deductible will apply, this plan better be at least $20 a month less than Plan F or J. It has to make financial sense to assume the deductible.

The interesting thing will be to see if the "new" plan F is lower in price than current due to the new pool.

Rick

 

[Frank Stastny]

It is official, agents can begin selling the new MOO Standardized Plans tomorrow in the following states. As long as the agent has the 2010 app they can use it for the new plans.

The states are:

ME, ME, UT, MT, AL, WV, OK, MO, MS and MI.

The following are some examples of the rates between an F and an N:

MO F = $135.31, N = $110.84
AL F = $151.00, N = $112.49
MI F = $107.08, N = $79.78

(The zip codes were random, rates will vary depending on the zip code. These are only examples to show the premium difference.)

This appears to be an excellent time to be in the Med Supp market.

Approval is still pending in the remaining states. More may be added yet this week.

 

[G.Gordon]

It is official, agents can begin selling the new Standardized Plans tomorrow in the following states. As long as the agent has the 2010 app they can use it for the new plans.

The states are:

ME, ME, UT, MT, AL, WV, OK, MO, MS and MI.

The following are some examples of the rates between an F and an N:

MO F = $135.31, N = $110.84
AL F = $151.00, N = $112.49
MI F = $107.08, N = $79.78

This appears to be an excellent time to be in the Med Supp market.

WHAT COMPANY ARE YOU QUOTING? OR IS IT SECRET...

 

[sman]

Frank, we can already sell "standardized" plans. I'm sure you meant Modernized plans.

As someone else posted earlier, Plan N will have the $155 deductible (I can't confirm or deny this, but have no reason to not believe what the other person posted). If you add that to the cost of Plan N, in some states, like MO, it doesn't seem like such a good deal. That's only a savings of a little over $11 per month in that scenario.

It is official, agents can begin selling the new MOO Standardized Plans tomorrow in the following states. As long as the agent has the 2010 app they can use it for the new plans.

The states are:

ME, ME, UT, MT, AL, WV, OK, MO, MS and MI.

The following are some examples of the rates between an F and an N:

MO F = $135.31, N = $110.84
AL F = $151.00, N = $112.49
MI F = $107.08, N = $79.78

This appears to be an excellent time to be in the Med Supp market.

Approval is still pending in the remaining states. More may be added yet this week.

 

[G.Gordon]

I'm looking at UOO right now. Man it'd be crazy for those "older" seniors trapped on F due to health problems to not take N.

80f... plan F 187.... N 125.

The savings would pay for the B ded. and 29.45 office visits.​

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[Frank Stastny]

Frank, we can already sell "standardized" plans. I'm sure you meant Modernized plans.

As someone else posted earlier, Plan N will have the $155 deductible (I can't confirm or deny this, but have no reason to not believe what the other person posted). If you add that to the cost of Plan N, in some states, like MO, it doesn't seem like such a good deal. That's only a savings of a little over $11 per month in that scenario.

Yep, I sure did forget to add "Modernized". I guess I just assumed that everyone would know. I should never "assume" anything.

I can definitely confirm that with Plans M & N they will have to pay the Part B deductible. That was just one of those rumors that got out of hand. There was never any talk about Plans M or N paying it.

If you want to send me your e-mail address I can send you the outline of coverage and rates for the states the agent can begin selling in tomorrow.

 

[arnguy]

WHAT COMPANY ARE YOU QUOTING? OR IS IT SECRET...

If my eyesight isn't failing me, I believe Frank mentioned MOO. I am not sure if that is Dairy Farmer's Insurance Company of Missouri or The Wild Kingdom a/k/a Mutual of Warren Buffet Land (Omaha).