More News on PLan N

[G.Gordon]

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).

I just woke from a nap... it was my eyesight.


It won't make much sense (looking at MOO's rates) for the younger beneficiaries to pick N over D with the lack of real savings, but for older seniors that's where the savings gets considerable and will easily be a sale to those on limited incomes as everything else around them gets higher.

 

[arnguy]

I just woke from a nap... it was my eyesight........

Thank God! I was about to call my opthalmologist for an appointment. A nap at 3:00 PM----how do you manage that?

 

[insurance0707]

Just went to MOO's website and downloaded the outline. In Mi their offering Plans M and N. Female age 65 plan M $80.88 Plan N $ 75.79. Male Plan M $ 85.13 Plan N $79.78 You guys are right, at the older ages is where they seem to be more competative

 

[Yoda]

Oh no were not all going to get rich selling those "N" plans.....I am shattered and crushed........not!

 

[JMO Fan]

Today's sales of Modernized 2010 plans won't be issued until June 1, right?

 

[G.Gordon]

right.... they can't have an effective date earlier than 6/1

 

[sman]

It's not that you forgot, you said:

It is official, agents can begin selling the new MOO Standardized Plans tomorrow

I'm not trying to be a jerk, just pointing it out.

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

 

[Daytona_Guy]

Now that we're nearing March 31st, has anyone seen any guidance from any government entity that will allow a person on a MA plan to leave it for the newly-offered Plan M or Plan N for June 1?

That would be great..

 

[jdeasy]

Now that we're nearing March 31st, has anyone seen any guidance from any government entity that will allow a person on a MA plan to leave it for the newly-offered Plan M or Plan N for June 1?

That would be great..

There are no plans for an SEP to allow people out of lock in.

There should be, but, there won't be. As I've said many times, most problems with MA and PDP's would go away if there was no lock in.

It may be a good time for the LIS folks to finally get a med sup?

 

[MedSuppPro]

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

Rick

Pooling will be decided state by state.

Some DOI's are saying "no" to new pooling.

If all this seems confusing, then listen to "N" as in Nancy explain it:

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