Scroll down for a discussion on IPA health plans within the General Insurance Agent Discussions.
Need to confirm my take on this outfit that I talked to in Phx. Marketed by IPA, Independent Producers of America (ipa-america.com). Underwritten by IAIC, ...
Need to confirm my take on this outfit that I talked to in Phx. Marketed by IPA, Independent Producers of America (ipa-america.com). Underwritten by IAIC, Independence American Insurance Co. Administered by IAC, Insurers Administrative Corp.
Leads, decent commissions, and advances. But...
Ground ambulance limited to $500 per year. Air transport not covered.
No prescriptions just a discount card.
Additional benefits package, $49.50/$59.50 ind/family for $5K accident, etc, includes generic drugs at $250 month/$3000 year max per person. Discount name brand for only an additional $24.50/$44.50 ind/family.
And app fee is $95!
Even my limited agent experience tells me to walk on by. It looks like one step up from Mega Life.
At first, the manager was reluctant to meet with me because he doesn't hire experienced agents. I assured him I was new to the business. That was a red flag, right?
They offer $35 office visits but no meds or ambulance. It's labeled "The Complete Plan". Their previous plan used World and paid ground ambulance and $5k for air. Now they pulled that. And the manager stated what a great plan it is. It should be illegal. Air transport to Phx can run $20k.
Jacodaro - This sounds like a limited discount junk plan. There is a reason they do not want to hire experienced agents and it is transparent. I bet the manager is an ex Mega/Midwest/UA/Snake oil peddler.
Would you really want to sign someone up for one of these plans? Would you take one? Chances are, you could offer a true MM plan for the same cost or less - even if MM costs more, at least it would cover most of their bill after deductible. The type of plans you are talking about are not worth the paper they are written on.
BKr, not a discount plan. MM except for the meds and ambulance. Manager is quite young and so are his agents. Not a plan I would recommend or have myself.
Spoke with the boy manager and informed him I could not in good faith recommend his plan. I asked him if he had any problem with no meds or ambulance. His reply was that I didn't understand what they do and that they market to people who don't take meds. I asked what would happen if someone became seriously ill. He didn't want to talk to me anymore but assured me he made big money and that I had too many questions and was not a good fit for their organization. I suggested he keep his e&o current. That's the problem in this business--everyone says they market a great policy when in fact it could be junk.
Hello everyone,
I am glad I found this site. I was seriously considering IPA. I have been in outside sales for 12 years and I'm interested in getting into the insurance business. I've heard a few mention Health Choice. Any other companies I might want to check out?
Due to the economic and employment situations, I think we are being overrun with a large contingent of newbies and prospective newbies...
My prediction is that the washout rate will climb from 92% to 96% in no time.
It must look easy to be an insurance man/woman?
Ease of entry, online licensing training, webinars- I guess we shouldnt be surprised. The key reason most wash out is two fold; lack of selling skill and undercapitalization.
This "newbee" found this site and hoped someone might be able to give some advice as to weather IPA was a good or bad company to work for. I have looked into the insurance arena before but it wasn't the right time. No, I'm don't think selling insurance would be "easy" (no sales position is) but I definitely have the selling skills and this field does interest me. If anyone would like to be kind enough to share some words of wisdom it would be welcomed. If you just look at me as a potential competitor, then I guess I'm asking the wrong people.
Due to the economic and employment situations, I think we are being overrun with a large contingent of newbies and prospective newbies...
My prediction is that the washout rate will climb from 92% to 96% in no time.
It must look easy to be an insurance man/woman?
Haha... I agree with you there! It's definitely NOT an easy career. The hours in the beginning can be daunting and long as your business is built, and the people that are looking for that fast 6 figure income become quickly discouraged and yes...(sniff) eventually quit!
This "newbee" found this site and hoped someone might be able to give some advice as to weather IPA was a good or bad company to work for. I have looked into the insurance arena before but it wasn't the right time. No, I'm don't think selling insurance would be "easy" (no sales position is) but I definitely have the selling skills and this field does interest me. If anyone would like to be kind enough to share some words of wisdom it would be welcomed. If you just look at me as a potential competitor, then I guess I'm asking the wrong people.
Sandy,
Pay no attention to the comments. You found a good post and it applied to you and you said thanks. The post was almost 2 yrs old but who cares other than Rick and a couple others. LMAO
If you can look past the sarcasm and rudeness long enough you will be able to learn some stuff from these same guys that seem so rude at times.
Welcome to the forum and my advise is to watch and read for a little bit then you will know that they aren't attacking you that is just how some of them communicate.
LOL I see your from Tennessee. I am in White House, TN
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Excalibur Benefits
Larry Roberts
Larry.Roberts(at)Excaliburbenefits. com
Need to confirm my take on this outfit that I talked to in Phx. Marketed by IPA, Independent Producers of America (ipa-america.com). Underwritten by IAIC, Independence American Insurance Co. Administered by IAC, Insurers Administrative Corp.
Leads, decent commissions, and advances. But...
Ground ambulance limited to $500 per year. Air transport not covered.
No prescriptions just a discount card.
Additional benefits package, $49.50/$59.50 ind/family for $5K accident, etc, includes generic drugs at $250 month/$3000 year max per person. Discount name brand for only an additional $24.50/$44.50 ind/family.
And app fee is $95!
Even my limited agent experience tells me to walk on by. It looks like one step up from Mega Life.
At first, the manager was reluctant to meet with me because he doesn't hire experienced agents. I assured him I was new to the business. That was a red flag, right?
IPA health plans
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