What Med Supp Plans Do You Recommend?

[ksigmtsu]

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.

 

[insurance0707]

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

 

[Russ]

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%).

 

[Frank Stastny]

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.

 

[ksigmtsu]

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.

 

[SeniorAgent]

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

 

[ksigmtsu]

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.

 

[YouGotMyMoney]

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.

 

[Frank Stastny]

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.

 

[G.Gordon]

How many times...