40% rate increase in IL

[somarco]

Medigap is not a threat to MA or the agents who peddle those plans. You might think otherwise given the way agents rail against them like they were the spawn of Satan.

 

[Newby]

Some people don't want supps to tank. They NEED and WANT the unlimited networks so they can be seen in and out of state anywhere that accepts medicare. In areas that have fantastic health care that probably isn't an issue but in many rural areas and smaller cities or states with really crappy health care that issue becomes much more important.

Duh!
Do you think that has ever stopped a politician from ruining something though?

 

[Newby]

Medigap is not a threat to MA or the agents who peddle those plans. You might think otherwise given the way agents rail against them like they were the spawn of Satan.

I have a brick and mortar Medicare shop that is 85% Med Sup right here on the Indiana/Kentucky border.
Kentucky went birthday rule this year with almost no commission to the agents. Indiana just announced for next year.
We local agencies that actually meet with people in person and service them every year on their RX plans are a Dying Breed. The politicians are pressing on the accelerator though.

 

[gregj]

Careful selection at time of enrollment is helpful.

Of course you have to remember this . . . MEDIGAP carriers are not subsidized with taxpayer money.

that, & insuring unmanaged care attracts beneficiaries with more health problems, or the likelihood of them

 

[Medicare bro]

I have a brick and mortar Medicare shop that is 85% Med Sup right here on the Indiana/Kentucky border.
Kentucky went birthday rule this year with almost no commission to the agents. Indiana just announced for next year.
We local agencies that actually meet with people in person and service them every year on their RX plans are a Dying Breed. The politicians are pressing on the accelerator though.

You mean no commission for guaranteed issue?

 

[Newby]

Like a 1-time $25.

 

[vic120]

Like a 1-time $25.

Make it up in volume LOL

I remember my first FMO when I found out I got less on some MA plans
This is what the manger said to with a strait face

 

[wolf5150]

Here's a portion of the email I received from Chubb today:

INA - Insurance Company of North America

Launching: July 1, 2025

Beginning July 1, INA will serve as our active Medicare Supplement product for all new business in approved states. While ACE will no longer accept new applications after June 30th, all existing ACE policies will remain active and fully supported. We're proud of the success we've had with ACE and look forward to continuing that momentum with INA.

 

[somarco]

The Insurance Company of North America (INA), founded in 1792, was the first capital stock insurance company in the United States. It was a major player in the insurance industry for nearly 200 years, specializing in marine and fire insurance. INA eventually merged with Connecticut General Life Insurance Company to form CIGNA in 1982. Later, INA was acquired by ACE Limited, which is now known as Chubb Limited.

This is how carriers purge existing blocks and effectively start over again with a fresh group of policyholders.

How long before INA shuts down the Medicare line? Choppy waters ahead for new carriers charting a course in the Medicare market.

 

[Todd King]

The Insurance Company of North America (INA), founded in 1792, was the first capital stock insurance company in the United States. It was a major player in the insurance industry for nearly 200 years, specializing in marine and fire insurance. INA eventually merged with Connecticut General Life Insurance Company to form CIGNA in 1982. Later, INA was acquired by ACE Limited, which is now known as Chubb Limited.

This is how carriers purge existing blocks and effectively start over again with a fresh group of policyholders.

How long before INA shuts down the Medicare line? Choppy waters ahead for new carriers charting a course in the Medicare market.

Ah, the games we have to play!