Short Term Medical-Risk Vs Reward

[FLM2]

You vote Democrat, right?

Your mind is made up. No reason to confuse you with facts.

I have no clue what that means as it relates to me but, given what I originally posted (some of which is below), I guess reading comprehension isn't one of your strengths:

'What they really want is for the agent to gloss over this and, if a claim is made and denied, put it back on us. I don't treat my clients this way nor do I want any E&O claims for misrepresentation.'

Personally, I vote for the candidate I prefer regardless of party and didn't vote for Obama in 2012. My belief is that ACA is a very bad law and has the potential to bankrupt the country with the amount of subsidies that are going to be paid.

If you had taken the time to ask about my strategy for 2014 I would tell you (not that you would pay attention) that my clients above the 400% FPL will be advised to switch to a carrier that is continuing the current plans until the end of 2014, at which time we can decide on the best options.

But you don't really care, you just like to get off with veiled criticism to make you feel a lot smarter than you really are.

 

[AllenChicago]

I'm being presented with a scenario that people over the subsidy level will increasingly go with short term medical to save premium $ in 2014 and years beyond that.

One of the short term companies, HII, is now public and has sold their financial underwriters on this growing market (the have about 50K subscribers now).

It sounds like a good idea but the problem, for me, is the way pre-existing conditions are defined and the ability to decline claims based on these.

It's good to see that Health Insurance Innovations is now a thriving NASDAQ company. Several of us were disappointed when Michael Kosloske left the HPA presidency to start HII, but it seems to have paid off for him with good timing and a STM that has more "sizzle" than the other run-of-the-mill TEMP plans. Now that HII is traded publicly, I'll have to see their STM premiums again. They were WAY too high when Michael first started the company. Maybe (hopefully!) they've come down since then.

FLM2, you're wise to investigate alternatives to the ultra-expensive ObamaCare Major Medical. There's a recent multi-page thread in the regular Health Insurance forum discussing the pros/cons of STM in this environment, so I won't go into here. But I will say THANK-YOU for the HII information and update.

-Allen

 

[RayNY]

If you had taken the time to ask about my strategy for 2014 I would tell you (not that you would pay attention) that my clients above the 400% FPL will be advised to switch to a carrier that is continuing the current plans until the end of 2014, at which time we can decide on the best options.

Not trying to provide criticism, but I know that in my state, all carriers have made it pretty clear that all current product will be a hard 1/1/14 stop date. Do you have confirmation of your carriers allowing you to enroll/renew in non-exchange compatible products through to 2015?

If so, I'd like to know who (especially if it's a big carrier, UHC, BCBS, Aetna). They don't say much to us, it would be nice to get a confirmation, even if it's a different state. Give us all a little hope =)

 

[FLM2]

Not trying to provide criticism, but I know that in my state, all carriers have made it pretty clear that all current product will be a hard 1/1/14 stop date. Do you have confirmation of your carriers allowing you to enroll/renew in non-exchange compatible products through to 2015?

If so, I'd like to know who (especially if it's a big carrier, UHC, BCBS, Aetna). They don't say much to us, it would be nice to get a confirmation, even if it's a different state. Give us all a little hope =)

Cigna, Humana, United Healthcare, and Assurant have all announced, in writing, that current policies will not terminate until December, 2014 in most of their current states, including Florida and Georgia, where most of my business is located.

No one will be allowed to enroll in one of these plans in 2014, it will have to ben done sometime in 2013 or simply renew your current plan (the carriers will automatically do the renewals in December).

All of this information is publicly available and I've read that New York has specifically banned it.

 

[RayNY]

Well, it makes a lot more sense when we know what state you're in.

Guess you just have to cross your fingers and hope the Fed's don't follow NY's example.

 

[Yagents]

Cigna, Humana, United Healthcare, and Assurant have all announced, in writing, that current policies will not terminate until December, 2014 in most of their current states, including Florida and Georgia, where most of my business is located.

.

I didn't know, or haven't seen this announcement from Humana. Can you forward to me at [email protected] ? Or point me elsewhere?
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Well, it makes a lot more sense when we know what state you're in.

Guess you just have to cross your fingers and hope the Fed's don't follow NY's example.

The feds are the one's that allowed for or presented the "renewal" loophole. It's the liberal states that are choosing to screw their citizens and ignore the federally allowed loophole.

 

[stuy119]

The feds are the one's that allowed for or presented the "renewal" loophole. It's the liberal states that are choosing to screw their citizens and ignore the federally allowed loophole.

There are certain downsides to states' rights.

 

[timsip]

I don't believe this applies to STM. From Assurant email sent in May:

Sell Assurant Health's individual major
medical—benefits and rates won't change
until December 2014!*

When you sell plans effective April 1, 2013 through December 28, 2013, you're selling your clients the certainty that their benefits and rates will stay the same until the end of next year. Most important, your clients are the ones making the choice—and if they decide they want a plan with complete health care reform benefits as of January 1, 2014, the choice is theirs.

Bolding mine....this is for major medical only unless you have something that I missed.

 

[Yagents]

I sold 4 assurant policies just yesterday, it's a hell of a solution and story for your higher income clients, or those that just don't want anything to do with O'care.

 

[timsip]

I sold 4 assurant policies just yesterday, it's a hell of a solution and story for your higher income clients, or those that just don't want anything to do with O'care.

I agree...but STM isn't included in the "Sell with Certainty" offer, correct?