Issue Age Med Supp vs. Community Rated Med Supp

[BillyC]

I understand this is a OLD thread, but I feel like it would help by not opening a new thread, PLUS it's relevant.

Bare with me... this question is hard to ask

QUESTION:
Right now, when I quote someone with my quoting tool, no matter what age they are the Price with Medico is $151.29 for a plan G. My question is if a senior signed up for this exact plan with MEDICO 5 years ago, is his premium right now $151.29?

The reason I ask is im worried that everyone gets the community rates or equal rates, and i wouldn't be able to save them money. I''m probably wrong, but please explain...


well i guess you could save by switching companies,

 

[somarco]

Rating varies by state and carrier.

Most GA carriers are entry age with a few that use community rating. In other states attained age is the norm.

Your quoting tool should indicate the rating basis. I know CSG does and I think the one from Ritter does as well.

And rather than bare with you I decided to keep my clothes on.

 

[BillyC]

All the rates are community rated in the state in which i am working. All the carriers are community rated.

 

[policy doctor]

And rather than bare with you I decided to keep my clothes on.


Well than, you're not a player. In this forum, I thought we bare all!

 

[somarco]

Only some of us, Helen. The rest stay clothed.

 

[viviajm]

I want to know if the medigap plans sold in Missouri are issue date rated or attained rate dated. I saw a letter from the state insurance dept from 1999 that said plans were to be attained age rated, but a a paper done by Kaiser in the early 2000's that the plan are now issue date rated. Does anyone reading this know the correct answer or where I can find it?

Thanks

John

 

[somarco]

CSG Actuarial, call the state DOI, ask a carrier that writes business in MO.

 

[Todd King]

I want to know if the medigap plans sold in Missouri are issue date rated or attained rate dated. I saw a letter from the state insurance dept from 1999 that said plans were to be attained age rated, but a a paper done by Kaiser in the early 2000's that the plan are now issue date rated. Does anyone reading this know the correct answer or where I can find it?

Thanks

John

I just took a look on CSG Actuarial and all the plans are Issue Age but one. That was Western Catholic Union that was listed at Attained Age. I didn't search the entire state, but I did search a few counties spread out over the state and got the same results.

 

[goillini52]

I want to know if the medigap plans sold in Missouri are issue date rated or attained rate dated. I saw a letter from the state insurance dept from 1999 that said plans were to be attained age rated, but a a paper done by Kaiser in the early 2000's that the plan are now issue date rated. Does anyone reading this know the correct answer or where I can find it?

Thanks

John

According to Manhattan Life's UW Guide, the Show Me State is Issue Age.

 

[kstein]

Pretty much every carrier in MO is issue age. I've never seen an attained issue policy in 10 years.