Offer Plan G and Plan F - Keep It Simple!

[LostDollar]

It would be at least remotely possible to get into thousands though on the copay-coinsurance part.

 

[goillini52]

Thousands? Sorry, but I doubt that's ever happened and would challenge anyone who said it has. Ever compare the premium difference between Plans D and G or between C and F, where the ONLY difference is the excess charge? You'll find the premium difference mostly in the $5-10 per month range. A carrier exposed to thousands in additional risk would never charge so little for that additional financial exposure. Per one carrier, the average excess charge is $8.

I rarely sell N, but that's because my clients prefer the extra few dollars in premium for Plan G to have a clearly set out-of-pocket, meaning no unknown number of copays (which aren't really copays, but the 20% coinsurance not to exceed $20), and no unknown possibility of excess charges. But if they do want to consider N, I do reassure them that they will likely never see an excess charge, and if they do it will likely be small. Financial ruin? No way.

He was just being facetious.

I've seen companies price their Plan C higher than Their Plan F.

 

[MBSC]

Red above - the Med Sup would pay this on a F, G or N - correct? There is no Part B Excess here - correct?

No excess charge here. F and G would pay. N would not cover the $20 if the charge was coded as an office visit or ER visit as it falls within the amount excluded for these services.

Green above - the Med Sup pays the 20% or $19 and the 15% or $14.25 is the Part B Excess that Plan N doesn't pay and would be patient's responsibility?

Plan N would also not pay the $19 if the charge was an office visit or ER visit. Otherwise, you are correct.

 

[LostDollar]

Ever compare the premium difference between Plans D and G or between C and F, where the ONLY difference is the excess charge? You'll find the premium difference mostly in the $5-10 per month range.

So, Plans D and C. Does anyone still sell (or buy) them? Or-- for the premium levels to be "similar", are they "older popular plans" which just still have a lot of members?

----------

So reading in another thread I found one answer:

C used to be a popular plan but the Ins Co's wanted to promote F so they started giving higher commissions for F.

 

[vic120]

So, Plans D and C. Does anyone still sell (or buy) them? Or-- for the premium levels to be "similar", are they "older popular plans" which just still have a lot of members?

----------

So reading in another thread I found one answer:

C used to be a popular plan but the Ins Co's wanted to promote F so they started giving higher commissions for F.

how long have you sold medsupp?

 

[goillini52]

how long have you sold medsupp?

He hasn't Vic. LD's a consumer who's just started studying for his license.

 

[vic120]

He hasn't Vic. LD's a consumer who's just started studying for his license.

Thought it was weird statement about higher commission to push F over C, being the reason agents don't sell C

Little over thinking, Maybe, its time to get lic and some real world experience.

 

[goillini52]

Thought it was weird statement about higher commission to push F over C, being the reason agents don't sell C

Little over thinking, Maybe, its time to get lic and some real world experience.

I've been pushing him to get a license and give it a go for weeks. He's just started studying for the test. He does analyze a lot, but he just likes to understand how things work. I think he'll make a good agent.

 

[LostDollar]

Thought it was weird statement about higher commission to push F over C, being the reason agents don't sell C

Little over thinking, Maybe, its time to get lic and some real world experience.

How would you consider the statement if Todd King had made it?

 

[myinsurebiz]

I've been pushing him to get a license and give it a go for weeks. He's just started studying for the test. He does analyze a lot, but he just likes to understand how things work. I think he'll make a good agent.

It's going to take him 3 hours per sit just to explain the benefits to the client and in his own mind . . . I think he is an undercover brother for the NAIC . . .