Anyone Writing MedAmerica Transitions STC?

[thomasm]

Interested in any info from people with experience writing this product, as well as where to get contracts.

 

[Arthur Rudnick]

You might want to re-post this in the Long Term Care Insurance Forum

 

[thomasm]

Thanks,

Never mind though, I just found their rates.

Was curious how competitive they were compared to Medico.

 

[goillini52]

Thanks,

Never mind though, I just found their rates.

Was curious how competitive they were compared to Medico.

Are they competitive with Medico?

 

[thomasm]

Are they competitive with Medico?

Actually there only a few dollars more in my state but they do have a pool of money benefit so I'd say maybe.

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But with a minimum 20 day elimination period, probably not.

 

[TwiLight]

Look to SLAICO/Standard Life and Accident Ins Co and Guaranteed Trust Life for more Competitive rates. Usually 20-30% less than Medico.

Both Companies Ala Cart the benefits instead of the bundling method that Medico uses.

 

[thomasm]

Thanks for the info.

The one thing I don't like about GTL is they only pay after the 3 day hospital admittance rule is met, which is pretty much what my whole STC marketing angle is hinged on.

 

[goillini52]

Thanks for the info.

The one thing I don't like about GTL is they only pay after the 3 day hospital admittance rule is met, which is pretty much what my whole STC marketing angle is hinged on.

You should read the brochure again. Unless it's different in your state, it doesn't require the 3 day stay.

"RECOVER CASH pays benefits
right away. No prior hospital
stay is required."

 

[thomasm]

You should read the brochure again. Unless it's different in your state, it doesn't require the 3 day stay.

"RECOVER CASH pays benefits
right away. No prior hospital
stay is required."

Thanks Goillini52,

GTL's Recover Cash wasn't offered in my state when I contracted. Good to see it's now available!

I was thinking about the Skilled Nursing rider on the Hospital Indemnity product, which does have the 3-day rule. I assumed Recover Cash would be same.

Good to know I have more STC options in my bag then just Medico!