2K out of Pocket Drugs question

[vic120]

If someone changes from one plan to another using SEP does the amount paid towards out of pocket max follow them

I have thought yes, but I have had a prospect told it would be like starting new
So I wanted to be sure I was correct

 

[kgmom219]

The $2K Part D accumulator moves with them.
The health accumulators DO NOT move with them, assuming they change carriers.

 

[DonP]

The $2K Part D accumulator moves with them.
The health accumulators DO NOT move with them

The health accumulators move if it's the same company and they move from HMO to hmo or ppo to ppo . I've verified that with many carriers

 

[kgmom219]

The health accumulators move if it's the same company and they move from HMO to hmo or ppo to ppo . I've verified that with many carriers

I agree with Don. I should have clarified my original post.

 

[vic120]

The $2K Part D accumulator moves with them.
The health accumulators DO NOT move with them, assuming they change carriers.

Wow I was going to say I thought so and then I was surprised about the health accumulators

This is Great information

if it is not the same company and plan type

 

[DonP]

Wow I was going to say I thought so and then I was surprised about the health accumulators

This is Great information

if it is not the same company and plan type

That info is a great retention tool . Anytime I see someone moved in the new yr I always tell them " miss Jones all the money you spent toward your moop starts over " . 98% of the time they stay put . The call centers are over the top and immoral now . I got 2 calls from panicky clients that said someone called them and told them their ins getting cancelled .

 

[Fisher]

What are health accumulators?

 

[straightnochaser]

What are health accumulators?

The amount you pay towards your MOOP

 

[Fisher]

The amount you pay towards your MOOP

I've never heard that terminology. Thanks.

 

[Special Agent]

If someone changes from one plan to another using SEP does the amount paid towards out of pocket max follow them

I have thought yes, but I have had a prospect told it would be like starting new
So I wanted to be sure I was correct

I have not seen this in action yet and not promised this to a client but my understand is that the part d deductible amount met transfers over to new plan even with different carrier .This includes both the amount paid by consumer and the insurance company.