Still Selling Innovative Plan F? The State of CA doesn't think you should

Jun 10, 2019

  1. The Medicare Gal
    Offline

    The Medicare Gal Expert

    Posts:
    44
    Likes Received:
    10
    State:
    California
    Aside from the fact that Innovative Plan F skirts the birthday rule, there are other issues with it.
    Why do you think it's cheaper than a traditional Plan F?
    Here's the bill that is being discussed/voted on by the CA state legislature.
    When I talked to one of my reps about this she said that it would kill Silver Sneakers freebies.
    Not true since these are not embedded in the plan (just ask the AARP/UHC clients who lost their Silver Sneakers plans).
    Here's a copy of the bill for your enjoyment:
    http://leginfo.legislature.ca.gov/faces/billTextClient.xhtml?bill_id=201920200SB407
     
  2. goillini52
    Offline

    goillini52 MAGA...Eat More Bacon & BUILD THAT WALL!!!

    Posts:
    19,582
    Likes Received:
    5,827
    State:
    Illinois
    As I recall, the Innovative Plan F starts out as an HDF the 1st 2-3 years. That's why it would be cheaper. :yes:
     
  3. vic120
    Offline

    vic120 Guru

    Posts:
    3,011
    Likes Received:
    776
    State:
    Tennessee

    I believe there was a thread on this

    If I remember correctly the premiums go up very high after it converts
     
    vic120, Jun 10, 2019
    #3
  4. LostDollar
    Offline

    LostDollar Guru

    Posts:
    2,834
    Likes Received:
    596
    State:
    Kansas
    Well, if the carrier is required to bill separately for additional plan features, they would no longer be free.
     
  5. LostDollar
    Offline

    LostDollar Guru

    Posts:
    2,834
    Likes Received:
    596
    State:
    Kansas
    Probably more like 2-3 threads since 2016. And yes, agent forum members did not see the Plan F premium as competitive with other Plans F, after the conversion from HiF to conventional F.
     
  6. goillini52
    Offline

    goillini52 MAGA...Eat More Bacon & BUILD THAT WALL!!!

    Posts:
    19,582
    Likes Received:
    5,827
    State:
    Illinois
    It's just another gimmick. Physician's Mutual was the 1st one I saw offering it.
     
  7. Dave020
    Offline

    Dave020 Super Moderator Moderator

    Posts:
    3,363
    Likes Received:
    54
    State:
    California
    Innovative F Plans (F Extra with Blue Shield CA) are regular Plan F with the added non-Medicare benefits (hearing, vision, etc.). They are cheaper because the pool is either new to Medicare or subject to underwriting (Health Net is the exception as they allow birthday rule transfers from regular F).
     
    Dave020, Jun 10, 2019
    #7
  8. goillini52
    Offline

    goillini52 MAGA...Eat More Bacon & BUILD THAT WALL!!!

    Posts:
    19,582
    Likes Received:
    5,827
    State:
    Illinois
    That one's different. Must be state specific.
     
  9. LostDollar
    Offline

    LostDollar Guru

    Posts:
    2,834
    Likes Received:
    596
    State:
    Kansas
    Medicare Supplement Insurance | Comparison Chart of Available Plans

    There's a link to the physicians mutual table showing the one we were talking about.

    (And I may have been wrong about more than one thread on it because I was also thinking about a different company's HDF plan that gets discussed from time to time.

    Looking out on the internet, it looks like there also may have actually been at least one thread about the California plan in the forums here. )
     
  10. mickeyma
    Offline

    mickeyma Guru

    Posts:
    504
    Likes Received:
    90
    State:
    California
    Thanks for the update, The Medicare Gal.
     
Loading...