MOO Changes Plan N Underwriting

[Frank Stastny]

I think more significant than the underwriting changes is that the commission is going to be reduced to the same commission level the agent is getting on the rest of the Plans. (See below)

"Plan M & N Compensation Effective February 16, 2011 Commission rates will change for the Medicare Supplement Plans M and N in ALL states where the Mutual, United World and United of Omaha Plans M & N are marketed, to be the same as all other Medicare Supplement plans currently being sold."

 

[Fisher]

I think more significant than the underwriting changes is that the commission is going to be reduced to the same commission level the agent is getting on the rest of the Plans. (See below)

"Plan M & N Compensation Effective February 16, 2011 Commission rates will change for the Medicare Supplement Plans M and N in ALL states where the Mutual, United World and United of Omaha Plans M & N are marketed, to be the same as all other Medicare Supplement plans currently being sold."

Frank, where'd you get that?

 

[Frank Stastny]

Frank, where'd you get that?

From a MOO memo. It's not just an "ugly" rumor.

 

[Fisher]

Plan D just got WAAYYYY more attractive.

 

[Russ]

I think more significant than the underwriting changes is that the commission is going to be reduced to the same commission level the agent is getting on the rest of the Plans. (See below)

"Plan M & N Compensation Effective February 16, 2011 Commission rates will change for the Medicare Supplement Plans M and N in ALL states where the Mutual, United World and United of Omaha Plans M & N are marketed, to be the same as all other Medicare Supplement plans currently being sold."

That's...not good. Such a shame.

Speaking of MoO...I had a lady that had a plan D with me w/MoO. She is 72. She's had it since she turned 65.

Her premium just went from $175.10 a month to $236.39 a month! Up $61.29. A 35% increase!

 

[Frank Stastny]

Plan D just got WAAYYYY more attractive.

I think it always has been. I really have not sold that many Plan N's.

 

[Fisher]

GA is not mentioned in the above. Care to speculate why not?

It is in the official MoO memo Frank just forwarded to me.

United World- AL, MD, MN, MT, ND, NJ, NM, PA, UT and WY

United of Omaha- AR, AZ, GA, IA, ID, IL, IN, KY, LA, MI, MO, MS, NC, NH, OH, OK, OR, SC, TN, TX, VA, WV
and WI

 

[Focus LTC]

Now I have to get new apps too? Sucks...

 

[Guest]

Yep, we're seeing that high increase pretty consistently with MoO.

That's...not good. Such a shame.

Speaking of MoO...I had a lady that had a plan D with me w/MoO. She is 72. She's had it since she turned 65.

Her premium just went from $175.10 a month to $236.39 a month! Up $61.29. A 35% increase!

 

[Russ]

Yep, we're seeing that high increase pretty consistently with MoO.

People won't keep a plan that goes up that much. That's too much of an increase at once.