What Med Supp Plans Do You Recommend?

Discussion in 'Senior Insurance Forum' started by russelltw, Nov 14, 2010.

  1. ksigmtsu
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    ksigmtsu Well-Known Member

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    I've been seeing 5-10% difference in rate increases between F, C and D, G, for the last 2 years, plus the base rates started out lower so the rate increases are dramatically higher with most carriers.
     
  2. insurance0707
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    insurance0707 Well-Known Member

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  3. Russ
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    Russ Well-Known Member

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    The area I live in, United Healthcare went up more in 2011 on their med-supps with plan B(4.3%) and plan N(3.9%), then plan F(3.6%).
     
  4. Frank Stastny
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    Frank Stastny Well-Known Member

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    Yes it does, that's another reason I sell Plan D. Three years ago a company had an increase and Plan F went up 25% and Plan D only went up 9%.

    My clients didn't bitch at all about a 9% increase. I know agents who were selling Plan F for that company and they were scrambling to move their clients to a less expensive plan.
     
  5. ksigmtsu
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    ksigmtsu Well-Known Member

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  6. SeniorAgent
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    SeniorAgent Member

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    Let me give you the right answer to your question. One Letter does not fit all clients.

    Anything under an F plan in the alpha is inferior to the rest

    F - covers it all so most agents sell it because they don't have to answer claim questions.

    G- An F and Drops the Part B Deductible

    N is nothing more than a G with co-pays

    Premium highest with F, lowest with N. Personal opinion is Plan G is the best buy
     
  7. ksigmtsu
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    ksigmtsu Well-Known Member

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    Please explain the reason you're saying nothing about D and C.

    I'm just curious if you understand them, when I first started selling the reason I didn't use D and C was because I didn't understand the difference between C and F, D and G, and what the difference actually meant.
     
  8. YouGotMyMoney
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    YouGotMyMoney Well-Known Member

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    D and C have lower premiums than F and G, so that's less $$ in the FMO's pocket, theres your answer.
     
  9. Frank Stastny
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    Frank Stastny Well-Known Member

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    I believe N is a D with copays, not a G. G pays 100% of excess charges, D pays nothing toward excess charges nor does N.

    I wouldn't call any plan "under an F" "inferior". Since over 99% of doctors accept assignment Plan D provides a senior with all the benefits they will need and use.

    Plans A and B provide less actual benefits than the other plans but all the others will cover their doctor and hospital expenses other than the Medicare Part B Deductible which is paid by Plan F.

    A G is an F without paying the Part B Deductible.

    D is a G without paying excess charges.

    N is a D with an up to $20 copay.
     
  10. G.Gordon
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    G.Gordon Well-Known Member

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    How many times... [​IMG]
     
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