I just called United Health Care/AARP and found out that Plan N is subject to the $155 deductible. After that is met, than the plan will cover office calls with a $20 copay and emergency with a $50 copay.
If your AARP Plan F or G clients want to change over to the new Plan N, they just need to call the home office and they will switch them over with no health questions asked. You will still be the agent of record though and continue to get the commissions. I asked them if there was anyway that I could just switch them and they said "no" it was easier with just a phone call for them to switch.
Given the fact that the deductible will apply, this plan better be at least $20 a month less than Plan F or J. It has to make financial sense to assume the deductible.
The interesting thing will be to see if the "new" plan F is lower in price than current due to the new pool.
In Michigan the Plan F went from $126.35 a month down to $117.60 a month.....$115.60 if you include the $2 discount. Not too bad. Plan N is $84.10 with the discount - there is no Plan G.
Well, the "new" Plan F here in Georgia with United of Omaha has the same premium a the "old" Plan F. However, the United of Omaha product just came available in December. There are other states where the new Plan F is less expensive. Also, from what I can tell, the states that have community rating, the premium hasn't changed.
Originally Posted by GreenSky
Given the fact that the deductible will apply, this plan better be at least $20 a month less than Plan F or J. It has to make financial sense to assume the deductible.
The interesting thing will be to see if the "new" plan F is lower in price than current due to the new pool.
It is official, agents can begin selling the new MOO Standardized Plans tomorrow in the following states. As long as the agent has the 2010 app they can use it for the new plans.
The states are:
ME, ME, UT, MT, AL, WV, OK, MO, MS and MI.
The following are some examples of the rates between an F and an N:
MO F = $135.31, N = $110.84
AL F = $151.00, N = $112.49
MI F = $107.08, N = $79.78
(The zip codes were random, rates will vary depending on the zip code. These are only examples to show the premium difference.)
This appears to be an excellent time to be in the Med Supp market.
Approval is still pending in the remaining states. More may be added yet this week.
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Last edited by Frank Stastny : 03-09-2010 at 01:53 PM.
It is official, agents can begin selling the new Standardized Plans tomorrow in the following states. As long as the agent has the 2010 app they can use it for the new plans.
The states are:
ME, ME, UT, MT, AL, WV, OK, MO, MS and MI.
The following are some examples of the rates between an F and an N:
MO F = $135.31, N = $110.84
AL F = $151.00, N = $112.49
MI F = $107.08, N = $79.78
This appears to be an excellent time to be in the Med Supp market.
Frank, we can already sell "standardized" plans. I'm sure you meant Modernized plans.
As someone else posted earlier, Plan N will have the $155 deductible (I can't confirm or deny this, but have no reason to not believe what the other person posted). If you add that to the cost of Plan N, in some states, like MO, it doesn't seem like such a good deal. That's only a savings of a little over $11 per month in that scenario.
Originally Posted by Frank Stastny
It is official, agents can begin selling the new MOO Standardized Plans tomorrow in the following states. As long as the agent has the 2010 app they can use it for the new plans.
The states are:
ME, ME, UT, MT, AL, WV, OK, MO, MS and MI.
The following are some examples of the rates between an F and an N:
MO F = $135.31, N = $110.84
AL F = $151.00, N = $112.49
MI F = $107.08, N = $79.78
This appears to be an excellent time to be in the Med Supp market.
Approval is still pending in the remaining states. More may be added yet this week.
Frank, we can already sell "standardized" plans. I'm sure you meant Modernized plans.
As someone else posted earlier, Plan N will have the $155 deductible (I can't confirm or deny this, but have no reason to not believe what the other person posted). If you add that to the cost of Plan N, in some states, like MO, it doesn't seem like such a good deal. That's only a savings of a little over $11 per month in that scenario.
Yep, I sure did forget to add "Modernized". I guess I just assumed that everyone would know. I should never "assume" anything.
I can definitely confirm that with Plans M & N they will have to pay the Part B deductible. That was just one of those rumors that got out of hand. There was never any talk about Plans M or N paying it.
If you want to send me your e-mail address I can send you the outline of coverage and rates for the states the agent can begin selling in tomorrow.
If my eyesight isn't failing me, I believe Frank mentioned MOO. I am not sure if that is Dairy Farmer's Insurance Company of Missouri or The Wild Kingdom a/k/a Mutual of Warren Buffet Land (Omaha).
If my eyesight isn't failing me, I believe Frank mentioned MOO. I am not sure if that is Dairy Farmer's Insurance Company of Missouri or The Wild Kingdom a/k/a Mutual of Warren Buffet Land (Omaha).
I just woke from a nap... it was my eyesight.
It won't make much sense (looking at MOO's rates) for the younger beneficiaries to pick N over D with the lack of real savings, but for older seniors that's where the savings gets considerable and will easily be a sale to those on limited incomes as everything else around them gets higher.
Just went to MOO's website and downloaded the outline. In Mi their offering Plans M and N. Female age 65 plan M $80.88 Plan N $ 75.79. Male Plan M $ 85.13 Plan N $79.78 You guys are right, at the older ages is where they seem to be more competative
Now that we're nearing March 31st, has anyone seen any guidance from any government entity that will allow a person on a MA plan to leave it for the newly-offered Plan M or Plan N for June 1?
Now that we're nearing March 31st, has anyone seen any guidance from any government entity that will allow a person on a MA plan to leave it for the newly-offered Plan M or Plan N for June 1?
That would be great..
There are no plans for an SEP to allow people out of lock in.
There should be, but, there won't be. As I've said many times, most problems with MA and PDP's would go away if there was no lock in.
It may be a good time for the LIS folks to finally get a med sup?
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