- 3,345
Seasoned MAPD agents which supplemental hospital indemnity to sell with MAPD plans : MEDICO OR GTL ? Which one, and why?
Prefer GTL or Medico Hospital Indemnity with MAPD
- Thread starter HealthGuy
- Start date
Plan N
Because for about the same price,
You can go anywhere and
No out of pocket in the hospital,
No submitting bills to various insurance companies it's easier better
has more coverage for part B stuff not done in a hospital
as well Better for follow up treatments
Because for about the same price,
You can go anywhere and
No out of pocket in the hospital,
No submitting bills to various insurance companies it's easier better
has more coverage for part B stuff not done in a hospital
as well Better for follow up treatments
- 29,515
Not a MAPD agent, but I've compared the 2 side by side in the past, and I'd go with GTL all day long.
- 2,058
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- 2,058
Nebraska
Guarantee Trust Life Insurance Company
Dear GTL Agents,
We have received a number of calls in response to a letter sent to our policyholders regarding an upcoming "Meeting of Policyholders" to take place in April of this year. Included in this letter is a proxy notice which allows our policyholders to assign their vote to designated Board members to vote his or her interest. We send out a proxy notice every year to our policyholders- this is nothing new.
What is new is there is a specific subject matter identified in this notice and it seems that has created calls to our agents when in prior years our notices have not created such calls. The subject is our contemplated re-domestication to the state of Nebraska. Notice of such to our policyholders is required by statute. It is my fault for not anticipating our notice would be received in a way different from the millions of proxy notices sent out over the past number of years. And so I apologize for putting you in a position of not having been given advance notice.
Our move to Nebraska is being done only after serious deliberations. Our company was founded in Illinois in 1936 and we have been a Chicago based company for better than 85 years. Unfortunately, the business and regulatory environment in Illinois has grown increasingly less friendly to businesses and as we are regulated at the state level, it is critical we reside in a state whose regulatory profile is competent and fair. Having spent considerable time with leaders in Nebraska it is very clear the interests of Guarantee Trust Life Insurance Company are far better served by becoming a Nebraska domiciled company.
Our move does not impact any agent or policyholder in any way. Most of our employees, and executive team, will remain at our existing campus in Glenview. Yet, once finalized, Nebraska will become our primary regulator. As I look for ways to position our company for future success, there are few things I could do which will have a more enduring positive impact on Guarantee Trust than this decision.
Once again, I apologize for not having communicated our intentions at an earlier date such that you would have been prepared for any inquiries directed to you.
And let me emphasize again, other than providing our company a much more attractive regulatory environment in which to operate, there is no change whatsoever to any representative or insured of Guarantee Trust.
Thank you, in advance, for your understanding.
Richard S. Holson III
President and C.E.O.
Guarantee Trust Life Insurance Company
Dear GTL Agents,
We have received a number of calls in response to a letter sent to our policyholders regarding an upcoming "Meeting of Policyholders" to take place in April of this year. Included in this letter is a proxy notice which allows our policyholders to assign their vote to designated Board members to vote his or her interest. We send out a proxy notice every year to our policyholders- this is nothing new.
What is new is there is a specific subject matter identified in this notice and it seems that has created calls to our agents when in prior years our notices have not created such calls. The subject is our contemplated re-domestication to the state of Nebraska. Notice of such to our policyholders is required by statute. It is my fault for not anticipating our notice would be received in a way different from the millions of proxy notices sent out over the past number of years. And so I apologize for putting you in a position of not having been given advance notice.
Our move to Nebraska is being done only after serious deliberations. Our company was founded in Illinois in 1936 and we have been a Chicago based company for better than 85 years. Unfortunately, the business and regulatory environment in Illinois has grown increasingly less friendly to businesses and as we are regulated at the state level, it is critical we reside in a state whose regulatory profile is competent and fair. Having spent considerable time with leaders in Nebraska it is very clear the interests of Guarantee Trust Life Insurance Company are far better served by becoming a Nebraska domiciled company.
Our move does not impact any agent or policyholder in any way. Most of our employees, and executive team, will remain at our existing campus in Glenview. Yet, once finalized, Nebraska will become our primary regulator. As I look for ways to position our company for future success, there are few things I could do which will have a more enduring positive impact on Guarantee Trust than this decision.
Once again, I apologize for not having communicated our intentions at an earlier date such that you would have been prepared for any inquiries directed to you.
And let me emphasize again, other than providing our company a much more attractive regulatory environment in which to operate, there is no change whatsoever to any representative or insured of Guarantee Trust.
Thank you, in advance, for your understanding.
Richard S. Holson III
President and C.E.O.
N? Does not G have more than N?
Thanks for pointing that out. I think I misunderstood what you were saying. However, now I may need more clarity. Were you saying the cost of Plan N is comparable to GTL and Medico?
Assuming a beneficiary is not GI, would they have to go thru underwriting for GTL and Medico? If so, and if what you are saying about the costs of N being comparable, why do some agents go the MAPD, plus GTL route? I'm kinda new to this MedSup/MAPD stuff.
I write a ton of Gtl . Medico has a very broad meaning question I didn’t like that can be used to deny claims . Gtl is Gi from 64.5 to 68 . They won’t pay claims on preexisting conditions the first 6 months . Plan N you also need a pdp plan . A good pdp plan comparable to a mapd plan with no part d deductible is in the $40-$50 a month range . So you now at $150 plus min a month . Depends on income of someone . Also dental very good on mapd plans
