Yep, I've had the same thing. Not a problem to handle.
I'm assuming you guys told your clients to ignore this?
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Yep, I've had the same thing. Not a problem to handle.
I had just written this lady and told her how the plan covered all of the deductibles and copays to Medicare, then she gets the letter making her question what I wrote her. I reassured her that Medicare and the Medicare supplement policy would take care of specialists visits, chemo, mayo clinic, etc. etc.
I'm assuming you guys told your clients to ignore this?
As everyone here has commented the insurance companies are trying to sell them a "supplemental" policy that would cover them should they get cancer in addition to the coverage. You are 100% correct that they would get payment, sometimes as lump sum depending on the specific policy. A lot more useful for someone who is still working and dependent on income to cover living expenses while laid up, etc. But a senior who is most probably living on guaranteed retirement income and will have 100% of their medical costs covered, would not gain much benefit. Sure, they'll get a lump sum should they get cancer, but what real benefit would that payoff give them?I agree they really should word the package better, the way I always explained it to clients back when I worked there was simply that the policies are not made to be a major supplement. For the type of pay it gives out and the fact that it pays money directly to client means that its primary use would be for personal expenses that otherwise wouldnt be covered like what Frank had mentioned. Fun times.
Have you ever had a client that had one of these older cancer plans,the ones that they are paying some where around $50-$80
per yr!
You can tell them they are duplicating there coverage.If they have used it, you better pick your battles wisely!
All they remember is collecting and only paying a small amount in premium.
So let me ask,if one of "our" clients signs up for one of those cancer plans, will Moo send us a check?
IMO- This company has a long history of pooping on its agents!
That's good to know. I just got my appointment with MOO, Gerber and Woodsmen. Hopefully not all of these will engage in the same practices. But with all the hooping and hollering about MOO being competitive, the gap is not as great as I originally thought. Still looking into it, but on the face not much difference in the state of GA between MOO and UHC/AARP Med Supp.MOO tries to policies direct to the public. That's why agents should send them as few cases as possible.
MOO tries to policies direct to the public. That's why agents should send them as few cases as possible.
That's good to know. I just got my appointment with MOO, Gerber and Woodsmen. Hopefully not all of these will engage in the same practices. But with all the hooping and hollering about MOO being competitive, the gap is not as great as I originally thought. Still looking into it, but on the face not much difference in the state of GA between MOO and UHC/AARP Med Supp.
If under 69 it looks as if MOO will be competitive, but it rapidly escalates at 70 and above for Plan F, with possible rate up depending on health issues. The UHC/AARP community rated Med Supp will be far less expensive for someone in their late 70's and beyond. I guess MOO will have its spot, but for simpler underwriting and better pricing, it seems UHC is better particularly for those older and with health issues.
Somebody stop me if I'm missing something here.