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Reply to What Med Supp Plans Do You Recommend?     
Old 11-14-2010, 03:36 PM   #11
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ksigmtsu on What Med Supp Plans Do You Recommend? - Insurance Forum
 
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What Med Supp Plans Do You Recommend? Re: What Med Supp Plans Do You Recommend?
I've been seeing 5-10% difference in rate increases between F, C and D, G, for the last 2 years, plus the base rates started out lower so the rate increases are dramatically higher with most carriers.

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Old 11-14-2010, 04:13 PM   #12
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What Med Supp Plans Do You Recommend? Re: What Med Supp Plans Do You Recommend?
[quote=ksigmtsu;321128]Here's the rundown.

Do you travel overseas or take cruises?
YES = F, G, N
NO = C, D, N

Do you mind paying a deductible at the beginning of the year?
YES= C, F
NO = D, G, N

Would you mind paying copays for all doctor visits?
YES = C, D, G, F
NO= N

Plan N does not have $20 copays for all doctor visits. It's going to depend on how the doctor codes the visit. If it's a yearly physical, chiropractic visit, chemotherapy, or physical therapy those all have different code #'s. The client will want to hold off on paying the $20 office call copay until they receive the statement from the insurance company letting them know if they have a $ 0 balance or a $20 balance
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Old 11-14-2010, 05:10 PM   #13
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Russ on What Med Supp Plans Do You Recommend? - Insurance Forum
 
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What Med Supp Plans Do You Recommend? Re: What Med Supp Plans Do You Recommend?
The area I live in, United Healthcare went up more in 2011 on their med-supps with plan B(4.3%) and plan N(3.9%), then plan F(3.6%).
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Old 11-14-2010, 06:01 PM   #14
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Frank Stastny on What Med Supp Plans Do You Recommend? - Insurance Forum
 
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What Med Supp Plans Do You Recommend? Re: What Med Supp Plans Do You Recommend?
Originally Posted by YouGotMyMoney View Post
And usually doesn't Plan F have a higher rate increase than Plan D?
Yes it does, that's another reason I sell Plan D. Three years ago a company had an increase and Plan F went up 25% and Plan D only went up 9%.

My clients didn't bitch at all about a 9% increase. I know agents who were selling Plan F for that company and they were scrambling to move their clients to a less expensive plan.

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Old 11-14-2010, 10:41 PM   #15
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ksigmtsu on What Med Supp Plans Do You Recommend? - Insurance Forum
 
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What Med Supp Plans Do You Recommend? Re: What Med Supp Plans Do You Recommend?
[quote=insurance0707;321237]
Originally Posted by ksigmtsu View Post
Here's the rundown.

Do you travel overseas or take cruises?
YES = F, G, N
NO = C, D, N

Do you mind paying a deductible at the beginning of the year?
YES= C, F
NO = D, G, N

Would you mind paying copays for all doctor visits?
YES = C, D, G, F
NO= N

Plan N does not have $20 copays for all doctor visits. It's going to depend on how the doctor codes the visit. If it's a yearly physical, chiropractic visit, chemotherapy, or physical therapy those all have different code #'s. The client will want to hold off on paying the $20 office call copay until they receive the statement from the insurance company letting them know if they have a $ 0 balance or a $20 balance
The questions I run through aren't really there to completely justify every aspect of the policy. I know the 20% or 20$ copay does not always apply.

The deductible wouldn't always apply either, if you want to get really technical about it.

The questions are quick reference to how I qualify which policies seem to fit them very quickly BEFORE I go over all the details, not something for you to replace all your plan materials with.
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Old 11-17-2010, 10:22 AM   #16
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What Med Supp Plans Do You Recommend? Re: What Med Supp Plans Do You Recommend?
Let me give you the right answer to your question. One Letter does not fit all clients.

Anything under an F plan in the alpha is inferior to the rest

F - covers it all so most agents sell it because they don't have to answer claim questions.

G- An F and Drops the Part B Deductible

N is nothing more than a G with co-pays

Premium highest with F, lowest with N. Personal opinion is Plan G is the best buy
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Old 11-17-2010, 10:30 AM   #17
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ksigmtsu on What Med Supp Plans Do You Recommend? - Insurance Forum
 
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What Med Supp Plans Do You Recommend? Re: What Med Supp Plans Do You Recommend?
Originally Posted by SeniorAgent View Post
Let me give you the right answer to your question. One Letter does not fit all clients.

Anything under an F plan in the alpha is inferior to the rest

F - covers it all so most agents sell it because they don't have to answer claim questions.

G- An F and Drops the Part B Deductible

N is nothing more than a G with co-pays

Premium highest with F, lowest with N. Personal opinion is Plan G is the best buy
Please explain the reason you're saying nothing about D and C.

I'm just curious if you understand them, when I first started selling the reason I didn't use D and C was because I didn't understand the difference between C and F, D and G, and what the difference actually meant.
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Old 11-17-2010, 10:35 AM   #18
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YouGotMyMoney on What Med Supp Plans Do You Recommend? - Insurance Forum
 
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What Med Supp Plans Do You Recommend? Re: What Med Supp Plans Do You Recommend?
Originally Posted by ksigmtsu View Post
Please explain the reason you're saying nothing about D and C.

I'm just curious if you understand them, when I first started selling the reason I didn't use D and C was because I didn't understand the difference between C and F, D and G, and what the difference actually meant.

D and C have lower premiums than F and G, so that's less $$ in the FMO's pocket, theres your answer.

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Old 11-17-2010, 10:57 AM   #19
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Frank Stastny on What Med Supp Plans Do You Recommend? - Insurance Forum
 
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What Med Supp Plans Do You Recommend? Re: What Med Supp Plans Do You Recommend?
Originally Posted by SeniorAgent View Post
Let me give you the right answer to your question. One Letter does not fit all clients.

Anything under an F plan in the alpha is inferior to the rest

F - covers it all so most agents sell it because they don't have to answer claim questions.

G- An F and Drops the Part B Deductible

N is nothing more than a G with co-pays

Premium highest with F, lowest with N. Personal opinion is Plan G is the best buy
I believe N is a D with copays, not a G. G pays 100% of excess charges, D pays nothing toward excess charges nor does N.

I wouldn't call any plan "under an F" "inferior". Since over 99% of doctors accept assignment Plan D provides a senior with all the benefits they will need and use.

Plans A and B provide less actual benefits than the other plans but all the others will cover their doctor and hospital expenses other than the Medicare Part B Deductible which is paid by Plan F.

A G is an F without paying the Part B Deductible.

D is a G without paying excess charges.

N is a D with an up to $20 copay.
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Old 11-17-2010, 11:02 AM   #20
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G.Gordon on What Med Supp Plans Do You Recommend? - Insurance Forum
 
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What Med Supp Plans Do You Recommend? Re: What Med Supp Plans Do You Recommend?
How many times...

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