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$50-$75 a year was fine. $20-$25 a year isn't worth the time and expenses.
Part D Surprise 2010
- Thread starter MedSuppPro
- Start date
$50-$75 a year was fine. $20-$25 a year isn't worth the time and expenses.
- 15,319
Many MA plans are zero premium. Perhaps you would be happy with a zero commission.
The actual cost of Part D is closer to $200 per month. How about a 20% commission as being fair?
Rick
- 1,908
I agree. You need to forward that info to your clients and prospects who want it. Send them to someone else, who puts up with all that.
I see nothing wrong with letting people know that the carriers of this type of coverage have made it very unattractive for you, as a professional, to represent their product, and that you suggest they go to (insert name her - if you know someone still willing to sell PDP's). While you will still keep up on changes for them, you can't, in good conciense (sp?) represent that type of coverage.
The more up front and honest you are with Seniors, the more it builds up your credibility.
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The money is only one issue, the regulations the scope of appt. the trying to service or help the senior, all issues that make it unrealistic for me!
I have clients that have been with me for 25 years, and I love my customers.. I will lead them in the right direction and let them know where to turn for help with part d... but I quit offering the plans last year!
I have clients that have been with me for 25 years, and I love my customers.. I will lead them in the right direction and let them know where to turn for help with part d... but I quit offering the plans last year!
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Don't forget, the PDP companies collect a premium from the consumer, and, a bounty (my official term) of +$100 from CMS for each enrollee.
On a $30 PDP premium, that would translate to collecting $1360/yr. If your commission on this product is say $25, you as an agent are getting a 1.8% commission.
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- 148
Linda Ronstadt, didn't she marry Gov. Brown from CA?
Now you know the behind the scenes....
- 1,240
The time that you put into researching their drugs (i.e. getting their list, entering it into the site, looking for ST, PA, what pharmacies participate, mailing out the printouts) is soooo time consuming. I'm not writing them either but I'm still trying to help them find the right plan. Basically for free.
That said, from the prescriptions I've run for my clients, First Health Part D, Aetna and AARP keep coming up as some of the top carriers for 2010. First Health is still quite cheap for 2010, in MI it runs $16.? a month. AARP and Aetna have plans that run in the $30 some odd dollar range with no deductible and excellent mail order rates for generics.
That said, from the prescriptions I've run for my clients, First Health Part D, Aetna and AARP keep coming up as some of the top carriers for 2010. First Health is still quite cheap for 2010, in MI it runs $16.? a month. AARP and Aetna have plans that run in the $30 some odd dollar range with no deductible and excellent mail order rates for generics.
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Just maybe we may not have to worry about Part D for the t-65 crowd. This prospect I was talking too did not initiate contact with Soc Security to get her medicare card. She will be 65 in Dec.
I advised her to call them up and get enrolled in Part A and Part B and then we would get together. Checked back today and it turns out they also enrolled her in Part D.
So I guess the gov't is getting proactive in enrolling the newbies to Medicare. Do they get the first year commish?
Perhaps in the next few years they will auto-enroll them in a med advantage plan as some have entertained in prior posts. With the number of plans shrinking, it may boil down to a choice of a hmo/pos or a ppo.
I advised her to call them up and get enrolled in Part A and Part B and then we would get together. Checked back today and it turns out they also enrolled her in Part D.
So I guess the gov't is getting proactive in enrolling the newbies to Medicare. Do they get the first year commish?
Perhaps in the next few years they will auto-enroll them in a med advantage plan as some have entertained in prior posts. With the number of plans shrinking, it may boil down to a choice of a hmo/pos or a ppo.
- Thread starter
- #20
- 1,255
Sooo, What do you say to Joe-the-Client who has his MedSupp with you.
What is the verbage that you use?
Just telling em to go to an out-of-network pharmacy doesn't get Joe the mail order savings.
How are you non-PDP agents wording this to your clients?
"I'm sorry buster you need to go screw yourself with that Bankers-Humana agent."
What is the verbage that you use?
Just telling em to go to an out-of-network pharmacy doesn't get Joe the mail order savings.
How are you non-PDP agents wording this to your clients?
