Insurance Agent Forum

[retread]

Originally Posted by TristanTLC

?????? I've never heard of any "non standard" Medsup plan. Perhaps it's an indemnity plan of some sort, like a GTL. I don't believe you have an actual "Medsup" plan, perhaps you have a plan that supplements Medicare but I'm not sure it's a "Medsup," plan. Perhaps semantics, but I suspect that would be the case.

The very title of the policy declares it a Medicare Supplement policy. It is NOT, however, a Standard Medicare Supplement policy. If you are not familiar with it, it is no surprise... it is very rare and you may never come across one in your career. Just because you have never heard of one doesn't mean it can't exist.... It does not come under the rubric of what we know of as "Med Sups". Don't let this bother you... I just brought it up to let people know that sometimes prospects can throw you a curve ball. You should be prepared to ask thougtful questions and don't assume you know more than they. I meet some pretty savvy seniors every week. I learn when I listen.

[G.Gordon]

I ran into a Railroad retiree that had something like that. It covered him on medicare and paid like a medsupp, but it also covered her and she was not on medicare. After she turned 65 they dropped it and bought supps from me cheaper than that plan. I think it was called Wabash Hospital Assoc. or sumsuch.

[retread]

Originally Posted by G.Gordon

I ran into a Railroad retiree that had something like that. It covered him on medicare and paid like a medsupp, but it also covered her and she was not on medicare. After she turned 65 they dropped it and bought supps from me cheaper than that plan. I think it was called Wabash Hospital Assoc. or sumsuch.

You're getting closer... I will drop this policy when my wife turns 65, also.

It is a GROUP Medicare Supplement, negotiated by my company during merger talks with the company acquiring us. It was paid for (millions of $$$) up front. Those of us "aging out" of the plan will eventually bring the plan to an end. There aren't many of us left, because I was one of the youngest on the seniority list at the time.

When I was under 65, both my wife and I had what everyone recognizes as regular retiree group insurance. However, when I turned 65, I was rolled over to this plan just as I "aged into" Medicare, and separated from my former policy which my wife remains on. Even though we are now billed separately, the benefit plan is inseparable, and if I drop mine, she loses hers, too.

[DS4]

The phrase is "Non-Standardized". When Standardized Med Supps (A to J) were introduced in the early 90's, those insureds on Non-Standardized plans were allow to keep their current plan. The Non-Standardized plans were closed to new business. I probably have 50 Non-Standardized plans still on the book. Just last week, one of my friends called me about his mother (age 84). She had Anthem Blue Cross ClaimFree CompanionCare. Premium is $250/mo. This plan covers the Part A ded, and, Part B 20%. I wrote her with AARP for $190/mo and now she also has coverage for Part B ded and excess charges. Everybody wins! Keep your eyes out for these old Non-Standardized plans, they are easy replacements!

[jwb0007]

Retread:

Good, informative posts. I learned some things. Thanks.

Jim