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You really need to learn a bit about insurance before you post about Medicare.
You really don't need to know squat about Medicare if you sell plan F. Besides, the more premium the insured pays, the higher the agent commission.
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You really need to learn a bit about insurance before you post about Medicare.
You really don't need to know squat about Medicare if you sell plan F. Besides, the more premium the insured pays, the higher the agent commission.
Love Plan F. My Momma and Father In Law - Love Plan F . . . No Worries!
Has nothing to do with commission. I would actually make more with lifetime renewals on MA's vs 6 to 10 year renewals on Med Sup . . .
My responses in Red . . .
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Now Now Thomas - we weren't born yesterday. Client has to initiate contact in one way or fashion my man . . .
There again - friggin Scope and Consent to contact form - just more confusion for the client . . . Agents going to either do it right or get around it.
No wonder our Seniors are confused . . .
Some MA Carriers have 4 different plans with practically no difference in plan benefits except maybe $0 premium, or a $5 difference in co-pay or $1 less copay on a Tier 1 drug . . .
Over 60 counties in GA and one plan works in 20 counties, one in 40 counties and some counties nada with that specific carrier . . .
F Plan Med Sup makes sense if they can afford it all the way . . . No worries. Get sick - they pay - all of it too!
Thankfully I put my Mom on a F Plan 5 years ago. No worries - just pay premiums. She spent 6 weeks in hospital and 45 days inpatient physical therapy this year. No worries . . .
Perfect reason for every Senior to have a personal Insurance Agent Adviser.
So this guy comes on here and says how glad he is that his mom had good coverage, and the first thing guys do is try and say he doesn't know what he's doing because she could have saved money on plan G? Yes, plan G is cheaper etc. but who cares with this situation, she had a good plan that wasn't an advantage plan! And plan F vs G doesn't take an "advisor" to figure out lol.
I hope your mom is doing better since her health setback..
Selling Plan F over G almost makes zero sense. The only situations I can ever see it going over well is when the client has so much money they can't bear the thought of getting their wallet out at the doctors office. Otherwise, why anyone would steer someone into F over a G makes zero sense to me. I think you're doing a disservice to your client.
Plan G saves the customer money over Plan F 100 out of 100 times. Not to mention we're seeing rate increases for F outpace those of G. So that $115 Plan F you sold someone a few years ago is now $190 per month (where a Plan G might still be $150) but now they are "land locked" because of serious health issues. That's not a good service to your client.
Do I have Plan F's on the books, yep. But every single client has been given the same explanation. "Are you willing to pay more premium in order for them to pay the $166 deductible? Keep in mind, this premium is going to increase and so the lower the initial premium the longer it takes to reach that painful threshold of when it's no longer affordable".
Most of the time when I explain to the client and do the math for them, they look at me with the most confused look on their face, "Uhhh....so why would anyone choose a Plan F?"
I just wrote a 72 year old yesterday who's on a Plan F right now for $175 per month. Just moved her to Plan G for $116. $708 savings in premium a year, minus Part B deductible = $542 per year.
I agree with your post...except for the part I've bolded, which isn't accurate.
In my state anyway...Bankers Fidelity Life's Plan F is less than their Plan G. There are probably others. Also, it seems like I've read that F is less than G in Florida...correct me if I'm wrong(wouldn't be the 1st time...lol).