Talk to me about Supp commissions in NC

[somarco]

Med Supp premiums and compared to Maine they are insanely cheap

This is why . . .

• Maine is one of eight states where Medigap premiums cannot vary based on age, and that provision also includes people under age 65 (some of the states that ban age-based Medigap premiums only apply that requirement to plans sold to people who are at least 65 years old). Medigap premiums in Maine only vary based on tobacco use.
• Maine residents who have Medigap coverage and terminate it to switch to Medicare Advantage also have a three-year trial period, although it’s a little more restrictive. As long as they switch back to Original Medicare within three years and apply for a Medigap plan within 90 days of the Medicare Advantage plan ending, they have a guaranteed issue right to buy a Medigap plan with benefits that are equal to or less than their original Medigap plan’s benefits

[EXTERNAL LINK] - Medicare in Maine | healthinsurance.org

North Carolina allows Medigap insurers to pick their own rating approach, so nearly all of the plans for sale in the state use attained-age rating, which means that an enrollee’s premiums will increase as they get older, regardless of how old they were when they first enrolled

[EXTERNAL LINK] - Medicare in North Carolina | healthinsurance.org

 

[KandKsmommy]

Yeah, we typically get a $9 - $10 rate hike if not more per year. The only thing I have seen stable is United American's HDG at $47.

I am not sure I love attained age but theirs is so much cheaper than ours anyways that it shouldn't be a big deal.

I love the 3-year trial right because more and more T-65 are going MAPD and I explain that before age 68 we should re-evaluate whether it is still the right option based on health changes.

I feel like it is only a matter of time before Anthem starts asking the dreaded health questions and that is going to be an issue for my non-GI who want to switch back from MAPD.

 

[Todd King]

Hi Guys,

My boss's parents and the majority of her family are moving to NC. We are trying to decide if it would be beneficial to get me a non-resident license. I was looking at their Med Supp premiums and compared to Maine they are insanely cheap so it makes me wonder what the commissions look like.
-
In Maine
Anthem Plan F Premium $237.12 and we get paid $18.75

How does it compare?

It doesn't compare well at all. In NC, like most states, you should be getting 20-22% on fully underwritten Med Supp. NC does have a separate line of authority for Medicare, so you'll have to get that as well.

 

[KandKsmommy]

Ok just want to double-check. I will want to do the Accident and Health to do MAPD and PDP then the Med Supp one correct?

 

[Todd King]

Yes.

 

[rmhaire]

Yes.

Pretty sure the Medicare/LTC line of authority is for all things medicare and the A&H is for everything else.