What the hell are you smoking. They increased every plan 16% and plan N 20% next month.
Med Supp Rate Increases
- Thread starter SusieQ2
- Start date
What the hell are you smoking. They increased every plan 16% and plan N 20% next month.
B
Briefcaseboy
Guest
Ten years ago Principle had the lowest med supp in Arkansas, plan F was $67.00 per month. My understanding is that they didn't raise their rates for around 14 years. One day I called to get more apps and they said they just got out of the med supp business. Apparently, someone started checking the books and found out they were taking a drubbing. They made up for lost time by raising their rates.
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I talked to someone about a month ago that had a med sup with Heartland National and they told me they hadn't had a rate increase for three years or so. May be about time for one.
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I talked to someone about a month ago that had a med sup with Heartland National and they told me they hadn't had a rate increase for three years or so. May be about time for one.
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- 1,310
Regarding Heartland, they were just bought out, and their rates are incredibly competitive still right now. Service should be improving, too! Their application for Med Supp is VERY simple.
Who were they bought out by? It was my understanding that they were buying out another company.
- 1,310
In the majority of their states, their rates beat everyone else, hands down. It's good to have when you need to pull it out, no doubt about it...and to roll those folks receiving 25%+ rate increases from the big boys.
Oh, and the G.I. commissions (for now) are at full comp vs. the 1/2 commission as earned with the bigger players now.
Suddenly they look attractive.
- 1,704
Ain't no low rates here in GA.
- 1,310
No, there ain't in GA.
- 11,280
Why does it seem like you are defending them? Did you score a big contract with them?
- 1,310
Defending them by agreeing they're not competitive in GA.
Makes sense to me.
