Gerber Life Medicare Supplement

Yoda · 10-30-2009, 05:27 PM

"What's the holdup? Gotta take off your shoes to count?"
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As soon as I figure out how to get this knot out of my shoe laces I will get on with it..........

retread · 10-30-2009, 05:30 PM

Originally Posted by Yoda

"What's the holdup? Gotta take off your shoes to count?"
============================================

As soon as I figure out how to get this knot out of my shoe laces I will get on with it..........

I figgered you wuz city folk... out here in the country we don't wear shoes... so we is faster at ciferin'.

HarryRenard · 10-30-2009, 06:24 PM

Come on YODA we are waiting, we are all lost with out your guidance.
Maybe try velcro next time.

retread · 10-31-2009, 04:19 PM

Originally Posted by Cenla Agent

How many more federal reserve notes would they have to print to make that happen? Or how much more would they have to cut provider reimbursement?

Limit the OOP to 3k (or even 5-6k, maybe even more) and there's very little or no need for MA either.

You hit the nail on the head with this comment. Our country is drowning in a sea of red ink with the unfunded liabilities to Medicare as it is. You can't increase benefits unless you raise taxes or cannibalize another program for its funds (remember what Reagan did with Social Security funds and "Star Wars"?)

Did you know that it has been estimated that your out of pocket costs under Original Medicare approaches $90,000 in a worst case scenario? Medicare was never meant to cover all health care costs. We are in a generation that "knows their rights". They want it all, and for somebody else to pay for it. That's the appeal for Medicare Advantage plans... but guess what? MA MOOPs are skyrocketing as MAOs struggle to keep their heads above water. If it continues the way it is going, it won't be long before people jump from MAs to Med Sups to "save money".

Frank Stastny · 10-31-2009, 06:01 PM

Originally Posted by retread

MA MOOPs are skyrocketing as MAOs struggle to keep their heads above water. If it continues the way it is going, it won't be long before people jump from MAs to Med Sups to "save money".

I think the potential is there for that to happen a lot sooner than we think.

retread · 10-31-2009, 11:46 PM

Getting back to the subject of rates for the plans, which is what the client is interested in, I did a little exercise with some of the carriers I am contracted with.

I chose a plan F because all Gerber sells in Kansas and Missouri is A, F, and G, so F is common to both states. (I am too lazy to do plan G at the moment)

My prospect is a non-smoking male, age 66, in the KC Metro area.

On the KS side...
AARP (community rated)= $192.50
Sterling Investors = $148.02
Gerber = $136.85
United World = $122.92

Over in MO.....
Sterling Investors = $ 277.39
AARP (attained age) = $ 172.50
Gerber = $ 169.67
United of Omaha = $ 168.22

I know which one I would pick in Kansas..... Missouri could be a toss-up.

G.Gordon · 11-01-2009, 02:31 AM

That shows you the damage that the GI law does in MO. UW has been on the street in KS for what?... 3-4 years now? And they are still the best deal going. I've got clients in KS with a 05 issue dates that are still cheaper than anything else being offered.

UW has come and gone in MO and we've already taken a rate increase for UO in MO.

I call the MO GI law our Sweet/Sour provision. It has it's sweet part and it's sour parts.

hardwork · 11-01-2009, 08:01 AM

In PA, United World as of 11/1/09 will have a 9% rate increase
Across the board for Med Supp's.

This will put Gerber at the lowest priced MS in PA IMO.

retread · 11-01-2009, 10:36 AM

Originally Posted by G.Gordon

That shows you the damage that the GI law does in MO. UW has been on the street in KS for what?... 3-4 years now? And they are still the best deal going. I've got clients in KS with a 05 issue dates that are still cheaper than anything else being offered.

UW has come and gone in MO and we've already taken a rate increase for UO in MO.

I call the MO GI law our Sweet/Sour provision. It has it's sweet part and it's sour parts.

Yes, but did you note the disparity between the SILIC rates?

There is no excuse for that. UW/UO is in line with what you would expect, as is Gerber. AARP disparity is due to commmunity rating vs attained age, but over $100/mo higher rate for SILIC in KS? You gotta be kiddin' me!

carroll · 11-02-2009, 06:19 PM

Are the gerber apps available yet? I thought they were going to mail me some but that has been two weeks ago...can we print some online??

MrMack · 11-02-2009, 07:56 PM

Gerber Life is now available in Illinois! You can download apps at www.gerberlifegroup.com and the password is medsupp. You have to call them for supplies.

carroll · 11-03-2009, 08:26 AM

Originally Posted by The Brokerage Resource

Make sure you compare apples to apples, in a lot of states they are marketing the Select rates (network based) not the "see any medicare provider" rates.

How do we know the difference? I'll be selling in KS and MO.....anybody know if those are network only states?
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Just got my gerber med supp apps today....so far, they appear to be the longest of all apps to fill out!!!!

Chazm · 11-04-2009, 12:22 PM

^you should be able to tell if it is a "select" plan by looking at the rate table. At the top, if it says "select" then in non-emergency situations you can only go to a hospital that is in their network

maleman2045 · 11-09-2009, 05:28 PM

Originally Posted by Focus LTC

There are too many 'slick' guys like this in our field and not enough nerds that actually do math. I hope for the public's sake you do not sell annuities. I'd like to sit in on that preso. Hack.

I really really want to see you sell an annuity with a bonus.

Well, an annuity sale with a 5% bonus means I am paid 5% per month for the life of the annuity, right ?

Also, I read that I am penalized for taking an advance on an immedidate annuity. Can you please explain that too mee plueeze?

My two cents.
Mike

HarryRenard · 11-09-2009, 09:47 PM

Mike can you explain how you take an advance on an annuity?

Secondly why did you choose a thread on Gerber Med Supp's to discuss annuities-

Russ · 11-10-2009, 07:06 AM

Originally Posted by HarryRenard

Mike can you explain how you take an advance on an annuity?

Secondly why did you choose a thread on Gerber Med Supp's to discuss annuities-

I think he was a-teasin.

padthaiforlunch · 11-10-2009, 02:41 PM

Source, please.

Originally Posted by retread

Did you know that it has been estimated that your out of pocket costs under Original Medicare approaches $90,000 in a worst case scenario?

bobson · 11-10-2009, 04:06 PM

Originally Posted by padthaiforlunch

Source, please.

That should be easy enough to add up on a piece of paper.

maleman2045 · 11-10-2009, 06:01 PM

Originally Posted by Russ

I think he was a-teasin.

Harry, Russ is spot on as I was just continuing the fun Focus LTC was poking.....

Sorry if I caused any confusion.
Mike

Yoda · 11-10-2009, 09:50 PM

I was told by a highly connected source this week that rolling Mutual Of Omaha business into Gerber business could cost an agent their renewals not to mention legal action by I quote " a blood thirsty Mutual Of Omaha legal department". Not only that but I was told rolling Mutual Business into Family Life and Woodman could be just as suicidal. Call me a ***** if you want but I will not be going down that road.