ValeRosso
Guru
- 612
I will never sell an FE it’s not ethical to. Garbage product.
Why is FE not an ethical product?
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I will never sell an FE it’s not ethical to. Garbage product.
It preys on poor people. Most will have it for a year and then drop it. FE has crazy chargeback as most people getting it don’t even have a bank account. It’s absolute garbage.Why is FE not an ethical product?
FE is not a garbage product. It's a procrastination product.It preys on poor people. Most will have it for a year and then drop it. FE has crazy chargeback as most people getting it don’t even have a bank account. It’s absolute garbage.
It’s life insurance for the ghetto who use green dot cards.FE is not a garbage product. It's a procrastination product.
I've got FE clients that pay annual premiums. They can afford it.
Not common to have it suddenly happen in the middle of AEP like this. But not uncommon to have non-commissionable plans.Is this a common occurrence? I've never seen something like this.
What you’re failing to realize is a big fat part of the expenses and a target for cuts is agent commissions , overrides and marketing money . Marketing money from carriers was much tougher this yr . Next yr I’ll be you anything carriers go after overrides starting for 2025 aep hard . Marketing money will be cut hard again if any . What Aetna doing said is nothings off the table . By axing commissions going forward on popular products anything’s possible . The agent means nothing and will be shit on if it means more profit .As I argued 4-5 months ago and I was proved correct this would a aep like no other in history . I read from Jared Stock the king of #’s on Medicare . 7% of all mapd plans nation wide were termed 10 times normal . Yes your correct plans are Heading back to pre Covid like . But it’s creating massive upheaval and movement . I’m getting calls in areas that Aetna and Humana changed little are they going under . The words spread like wildfire . I’ve talked to about 90% of my clients since 9-10. The agent who’s talked to only 20-30% of his clients will lose 30% of his clients by the end of oep . What attracted all to Medicare was the steady renewals . If you have to move 30-50% of your book yearly because of terms or uncompetitive products Medicare becomes a non growth business .Companies are scared of the landscape in 2025. Drug plans went from 23 to 14 in 2025. MAPD is feeling the burn too.
The sky isn’t falling but plans are going back to what they were pre-COVID.
In my opinion, In 2026, companies will be better suited to have their low performing plans off the market. Watch, we’ll see things back to normal then. Not 2023 normal, think 2015 normal plans. When most of you jokers were selling cars and not trying to sling MAPD when the Covid bonuses ran wild.
He can always teach a class on prognostications at Hogwarts.DonP won't be around much longer
That may be true in the long run but what one thing you are overlooking is that something like 10,000 or 11,000 or so people are turning 65 each day which will continue for a while. The baby boomers create a bubble in demand for anything that is relevant to their current age. Medicare will become a non-growth business for demographic reasons when the baby bust generation starts hitting 65 coupled with the mounting deaths of the boomers.. What attracted all to Medicare was the steady renewals . If you have to move 30-50% of your book yearly because of terms or uncompetitive products Medicare becomes a non growth business .