Med Supp and Group Health

[junkman]

Most carriers in TN will do a retro term at least 60 days back. Sometimes you can claim "clerical error" and get a little more - especially if the employee was contributing and there were no claims.

If you are the agent, call the carrier through the normal channel & find out what the normal procedure is. Once you know policy, ask that an exception be made because "someone" screwed up & we don't want the employee to catch the brunt of the clerical error. Talk to your group rep & ask for help. The minimum refund should be 60 days, likely more.

 

[SportsNut]

Never.
If you do the math , it is better premium wise for the client to cx the employer plan and enroll on a med supp & Part D.
Coverage gap? With the premium savings, you can finance your way through the coverage gap.

True most of the time, except those instances when the insured has a high usage of Rx and Part D coverage oop is much greater than their current grp plan Rx benefit. Just ran a comaparison for a spouse of a fellow who is still employed and the cost of the maj med plan for her is rather low, like 220 mo, so the offset of Part B, med supp and Part D is pretty close in premium, but her current oop with meds is much lower than projected best option on PDP, so no sense in making the move. Also current maj med has a low ded and co-ins, so best to stay put for now. Had she not been on so much Rx, the decision of maj med vs med supp would have been a slam dunk.