The Current State Of ObamaCare - ACA

[FLM2]

Keep this in mind prior to ACA what was the avg life of a IFP policy???????
50% drop off in 6 months....don't preach all this life long IFP policy holders speech to me ...lol......The TURNOVER WAS FREAKIN HUGE DUDE!

You have no clue.

My annual persistency has been between 85-90% for the past 7 years, it's the result of lowering premiums while keeping (or improving) benefits with a client base that values health insurance and wouldn't be comfortable without it.

I can afford to walk away from clients that don't fit that description, maybe that's why I have a successful business that doesn't need to pander to the Exchange or people who only want something for free.

I'm sure many of the other experienced agents on this forum have the same experience.

You, on the other hand, obviously have very little to offer in terms of knowledge or ideas other than to attack people like Ann who have helped every person who read or post on this forum.

I would say you should be embarrassed but clearly you aren't sharp enough to understand.

 

[somarco]

Healthcare spending relative to GDP is now at 18%

Can you explain how Obamacrap will lower this figure?

 

[houcoogster]

It sounds like things are falling into place. Keep us posted.
Did you grow your book yes or no?
So far every poster said they grew their book. What's the problem?

Don't fall into the thinking of comparing what we have to what we could have had(tooth fairy). Compare what we Had to what we now Have.

Keep this in mind prior to ACA what was the avg life of a IFP policy???????
50% drop off in 6 months....don't preach all this life long IFP policy holders speech to me ...lol......The TURNOVER WAS FREAKIN HUGE DUDE![/quote

How do you know what the turnover rate was. How many IFP clients did you have prior to 10-1-13? This law is a complete disaster for my clients? You say " sounds like thing are falling into place". You might be the only agent on this forum that carries the obamacare kool -aid container. I think you should be called obamacoogster from now on.

Obamacoogster" I have well over 500 IFP clients. The retention is much greater than 6 months. I have never had one client get cancelled by a carrier when they got sick. I never had one client get singled out for a rate increase. I have never had a client call me and tell me there health plan was sub-par. I have had clients with cancer to heart attacks to organ transplants.

There is always turnover in the insurance business, however if you write quality carriers, stay in touch with your clients, and provide a service they will stay with you. 2/3 of my book is Grandfathered..

You really sound like a commercial for Obamacare that one would see on the Rachel Maddow show. You just do not know what you are talking about and every post you submit diminishes what ever credibility you have left.

Your book was the exception and not the rule, good job with the niche marketing. I have a hard time understanding why someone could be so mad when they grew their book...oh well.

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You have no clue.

My annual persistency has been between 85-90% for the past 7 years, it's the result of lowering premiums while keeping (or improving) benefits with a client base that values health insurance and wouldn't be comfortable without it.

Here again your book is the exception and not the rule. Good job.

You, on the other hand, obviously have very little to offer in terms of knowledge or ideas other than to attack people like Ann who have helped every person who read or post on this forum.

Homework assignment: Look up the words "Attack" and "Defend" and write a description of each.

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Can you explain how Obamacrap will lower this figure?

I'll let you go first, explain how what we Had would've lowered this figure?

 

[Yagents]

90% of my book stuck pre aca . 100% of my non grandfathered book will lose coverage and rates double at end of year. Seems that you are the exception. Stop believing what u read in lib press.

 

[FLM2]

Your book was the exception and not the rule, good job with the niche marketing. I have a hard time understanding why someone could be so mad when they grew their book...oh well.

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Here again your book is the exception and not the rule. Good job.




Homework assignment: Look up the words "Attack" and "Defend" and write a description of each.

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I'll let you go first, explain how what we Had would've lowered this figure?

Everyone is an exception, right?

To accuse Ann H, who has selflessly, consistently given this forum excellent advice over the past few years, of 'attacking' you is ridiculous.

Many others, including myself, have taken the time to research information about ACA and share our experiences, all geared toward helping other agents.

All you do is offer opinions and blanket statements, including the one about 50% of all pre-ACA plans lapsing within 6 months, that are based on your very limited experiences. If that was your experience then you suck as an agent and shouldn't be in the market.

You offer nothing to this forum, period.

 

[houcoogster]

Everyone is an exception, right?

To accuse Ann H, who has selflessly, consistently given this forum excellent advice over the past few years, of 'attacking' you is ridiculous.

Many others, including myself, have taken the time to research information about ACA and share our experiences, all geared toward helping other agents.

All you do is offer opinions and blanket statements, including the one about 50% of all pre-ACA plans lapsing within 6 months, that are based on your very limited experiences. If that was your experience then you suck as an agent and shouldn't be in the market.

You offer nothing to this forum, period.

FLM we can discuss this in adult manner I hope. Here's the proof. See exhibit 2

View attachment Health Aff-2014-Sommers-hlthaff.2014.0005.pdf

 

[FLM2]

FLM we can discuss this in adult manner I hope. Here's the proof. See exhibit 2

View attachment 2082

While the overall lapse rate may be in that range it includes everyone who takes out coverage and then changes within a year-this includes those who switch to group coverage, change individual plans, etc, etc etc

I have no interest in working with people who won't keep their coverage, I'm sure many others on this forum feel the same way. If you focused on that part of the population (those without prior coverage or without the resources to pay the premium) it is no wonder you failed in the individual market and need subsidy-based plans to have any success.

 

[number9]

The client the agent chooses to work with has a great deal to do with their persistency. My long term clients have been business owners and self employed. The persistence has been great on them in the past. People who are in between jobs or never owned insurance before have never had a good persistency.

This year has been a tale of two clients. The clients I have had for a long time that expect to pay a reasonable price for a reasonable product they are really easy to work with and have lead to additional sales. Then there were the exchange clients the majority who had no idea what they were purchasing and wanted everything for little or nothing out of pocket. They were time consuming and really don't have the money that lead to other quality business. In my case every one of these will have to be rewritten at the end of the year. I am done with exchange business!

It could be worse you could have been writing through Cover Oregon. The video link below summarizes Cover Oregon what I've been dealing with and is pretty funny:

https://www.youtube.com/watch?v=Dh9munYYoqQ

 

[GreenSky]

I insure a business. The owner called me to say his group carrier did not allow a spouse to be added after the anniversary date. He thought he had until 3/15 because clearly everyone understands how plans work. And I clearly remember Obummer telling everyone they had until that date so why would there be confusion?

So now it's almost May 1 and they spouse still has no insurance - and she's healthy. Both the employer and employee were trying to comply with Obamacrap but what should she do now? Nothing is available either on or off exchange.

Seems the democcraps that passed this law (and then I guess they later read it) have made it illegal for her to buy insurance for the rest of the year.

I know this is an isolated case but indicative of just how oppressive this law truly is. Imagine! You are going to pay a penalty - sorry, a tax - because you didn't buy insurance. And it's illegal for you to buy insurance.

But I guess for some people who are making money "selling" taxpayer funded insurance this works well.

Rick

 

[AllenChicago]

now would be a good time for people to have the ability to purchase policies across state lines. Oregon Nevada Arizona and I think Pennsylvania still have companies or coops selling qualified health plans now.