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I am worried about premium increases... if i move a client to UO plan N and they skyrocket because of unhealthy block of business and i am not able to qualify my customer for a new plan, have I really helped them?
UO Plan N
- Thread starter dandan
- Start date
- 1,240
The new healthcare reform bill should help. Starting next year, insurance companies have to pay out 80% of the premiums they take in in claims. If they don't, they have to refund to the customer. In a few years, you should be able to move your clients to any insurance company with no health questions asked. I've put in both very healthy clients into Plan N and some not so healthy. I don't think everyone's just putting the sickies in Plan N. Hopefully you're giving your clients options, Plan F, G and N and explaining the differences. When I explain to Plan G and Plan N clients that starting next year preventative care will be covered at 100% with no $155 deductible or $20 copay that makes Plan G and N even more attractive.
I wouldn't worry too much about UO's Plan N
I wouldn't worry too much about UO's Plan N
- 7,066
As has been discussed in previous threads, Medicare Supplement Policies do not fall under the definition of that piece of legislation.
I do not see Med Supps being Guaranteed Issue for everyone in a "few years". There are no proposed changes like that looming in the distance.
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I know that's been discussed in the forum, but I haven't seen anything that specifically excludes Med supps from the 80% rule or the GI rule. Have you seen anything concrete on this?
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- 7,066
No, it is not stated in the piece of legislation that "Medicare Supplement Policies" are specifically excluded but one could make a list ten pages long of other things that are not specifically excluded. Read the definition of what it does apply to. It does not apply to Medicare Supplement Policies.
It doesn't apply to veterinarians either but it doesn't specifically say so.
- 1,908
Here, in Georgia, we don't have to worry about this. Big Ox is too busy running for Gov. to worry about doing his job.
- 19,673
No, it is not stated in the piece of legislation that "Medicare Supplement Policies" are specifically excluded but one could make a list ten pages long of other things that are not specifically excluded. Read the definition of what it does apply to. It does not apply to Medicare Supplement Policies.
It doesn't apply to veterinarians either but it doesn't specifically say so.
To include is to exclude. If the bill covered med sups, it would say so. Basic contract law.
Here is one take on it. This is from April and some things from the article have been changed already;http://www.asjonline.com/Exclusives...icare--And-the-Agents-Who-Sell-It.aspx?page=1
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