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Discussion on Golden Rule's HSA Saver Plan vs. HSA 100 within the Individual Health Insurance Forum, part of the Insurance Agents and Brokers Forum category.
You guys who write GR's HSA 's, I would like your opinion on the comparison of the two plans. The ... |
05-04-2007, 03:34 PM
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#1
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Guru
Join Date: Sep 2006
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Golden Rule's HSA Saver Plan vs. HSA 100
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You guys who write GR's HSA's, I would like your opinion on the comparison of the two plans. The prospect is single, no children. The areas not covered by the Saver Plan may not be too relevant when considering a saving in premium. Of course, I remember the admonition (I believe it was from John Petrowski) to watch out for any plan that has "Saver" in its title. 
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05-04-2007, 03:36 PM
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#2
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Guru
Join Date: Sep 2006
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Cheesburger vs filet. Don't worry about the Saver - just don't sell it.
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05-04-2007, 03:40 PM
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#3
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Guru
Join Date: Mar 2007
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The HSA Saver plan is better than the Saver 80 (non HSA) plan. But that's about it.
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05-04-2007, 04:19 PM
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#4
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Guru
Join Date: Sep 2006
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Thanks guys. 
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05-04-2007, 04:41 PM
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#5
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Guru
Join Date: Sep 2006
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Most of the business I wrote last yr was with GR and not one Saver plan.
98% was HSA or Plan 100. A handful of Copay plans (mostly on kids) and nothing else.
If you must write a Saver plan (with ANY carrier) just plan on being sued at some point if a client ever has a major claim.
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05-04-2007, 06:07 PM
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#6
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Guru
Join Date: Sep 2006
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Thanks for the input Somarco. Your advice has been noted.
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05-04-2007, 06:12 PM
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#7
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Guru
Join Date: Nov 2006
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saver to client=cheap
Saver to agent= jail, bankrupt, unemployed by loss of license
Right start to client= cheap
Right start to agent= well... u can see above
Unicare saver to client= cheap
Unicare saver to agent=..... well, u know
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05-04-2007, 06:33 PM
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#8
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Guru
Join Date: Sep 2006
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Peeler, well noted. 
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05-04-2007, 06:57 PM
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#9
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Guru
Join Date: Sep 2006
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The biggest myth is this biz is that everyone needs a cheap rate. Yet if you look a buying patterns among all consumers you find that no one buys the cheapest of anything - even "broke" people don't buy the cheapest cell phone, tv, dvd player or computer.
I can tell you for a fact that "broke" people most certainly don't buy the cheapest car. In fact, they search for the "most" car they can get.
Yet when it comes to health insurance for some reason people think the rate has anything to do with anything. It does if you don't build value in your product or don't disclose future liability.
I have never seen rate be an issue with an overwhelming majority of my clients. I don't say things like "cheap" or "afforable" when I talk. I talk about "quality" and "the best."
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05-04-2007, 10:06 PM
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#10
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Super Genius
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Quote:
Originally Posted by Peelerinsurance.com
saver to client=cheap
Saver to agent= jail, bankrupt, unemployed by loss of license
Right start to client= cheap
Right start to agent= well... u can see above
Unicare saver to client= cheap
Unicare saver to agent=..... well, u know
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why is that so? are there a lot of fine prints that are easy to miss?
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05-05-2007, 07:13 AM
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#12
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Guru
Join Date: Sep 2006
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Any plan with artificial caps, especially on Rx, is one to avoid.
That being said, I understand there are a few states where it is almost impossible to find a plan that does not cap Rx.
When you impose caps (Rx, outpatient, etc.) what you are telling the insured is we will allow you to use your plan but when you need it the most we are cutting you off.
That doesn't win friends with anyone . . . except the insured's attorney.
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05-05-2007, 12:25 PM
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#13
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Guru
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Quote:
Originally Posted by somarco
Any plan with artificial caps, especially on Rx, is one to avoid.
That being said, I understand there are a few states where it is almost impossible to find a plan that does not cap Rx.
When you impose caps (Rx, outpatient, etc.) what you are telling the insured is we will allow you to use your plan but when you need it the most we are cutting you off.
That doesn't win friends with anyone . . . except the insured's attorney.
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What states limit the cap on Rx's? It would be nice to know which ones to stay away from. thanks...
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05-05-2007, 03:52 PM
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#15
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Guru
Join Date: Sep 2006
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Seems like John said MD carriers limit Rx. At least one (KP) in CO does.
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05-05-2007, 06:19 PM
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#16
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Guru
Join Date: Sep 2006
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Carefirst Blue Cross - $500 to $1,000 cap
Aetna - $5,000 cap
Kaiser - $1,750 cap
Optimum Choice - $3,000 cap (owned by UHC)
Assurant - unlimited
GR - unlimited
Blue Cross owns 72% of the individual market in MD and the max they offer is $1,000.
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05-06-2007, 02:15 PM
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#17
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Guru
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Arnguy,
I'm probably late in responding but the reason some of the good veteran agents on this board are anti-Saver is the lack of a true out-of-pocket limit for the customer. Its easy to say who cares about office vists, OP testing and Rx but not so easy to say "even once you hit your deductible, those things will NEVER BE COVERED." Then see | | | | | | | | | | |
