Moving with a Supp?

I wonder how that works if a consumer has a complaint against the carrier. They complain to the DOI but the carrier is not even licensed to do business in the state and servicing a policy or settling a disputed claim is doing business.


You're venturing into the realm of very small chance in hell
if ever. Besides... the DOI in a given state is the popo for any and all insurance related business in that state. So no matter if that company is active in that state (selling policies) the DOI still has authority over it's conduct concerning a resident of that state.

Kinda like your state's AG filing suit against a company taking advantage of someone in your state. Even though the company is not physically IN that state their actions effected someone that was.
 
I wonder how some of this could play out though, if there are no residency requirements. Suppose you live in an attained age state and say you are paying 300/ mo for a Plan F or whatever the rate would be for an 85 year old in one of those states. So you come to my state for vacation where that same plan would be 158 month based on a community rating system. Plus, you have guaranteed issue if you have not had a lapse in coverage of more than 90 days. So you let the other one lapse or pay both for a month and sign up a supp in this state and take that home with you.

Where am I going wrong here? What are the barriers to this.

I believe actuarial departments would eventually pick up on the skewed policies being issued from one state and claims being consistently processed from another state altogether, put 2 and 2 together and probably disallow the practice.

There's a reason premiums are adjusted state to state - higher vs lower health care costs. Companies track claims very closely and a red flag would show up eventually.
 
I believe actuarial departments would eventually pick up on the skewed policies being issued from one state and claims being consistently processed from another state altogether, put 2 and 2 together and probably disallow the practice.

There's a reason premiums are adjusted state to state - higher vs lower health care costs. Companies track claims very closely and a red flag would show up eventually.

This is totally a mute point.

Other than United American, and I'm not sure if they still allow it, insurance companies will not issue a policy if the app is written in a state that the person does not reside in, period.

It ain't gonna happen unless, like United American, the insurance company allows it. This is one reason why every Med Supp app I have ever seen requires the applicants permanent address as well as the city and state where the app was written.

If the agent lies about it on the app then the policy will be canceled.

Insurance companies consistently receive and pay claims from people who no longer live in the state the policy was originally written in. Why? Because they move.
 
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