Always remember, Part B effective date trumps everything. Always get that date as soon as you can in your meeting/phone call unless of course they're T65.
Just because someone is retiring and coming off group means nothing. Get that Part B effective date! Like Somarco said, she didn't take Part B until 3/1...that's all that matters, she's OE and good to go 6 months from the effective date of Part B with no medical underwriting.
For anyone still learning...if someone age 65 and over takes Part B Medicare, then ends up going back to work and on group insurance and opts-out of Part B, they do not get another 6 months of OE when they finally retire and enroll in Part B again.
I've done this for 7 years now and seen a massive change in educated seniors that have opted out of Part B until they decide to retire. Back in 2000-2011 or 2012 there were way more people who had Part B and were retiring, many of which we had to send through GI. Thank goodness it was full comp back then, not so much now though.
If you get a lead that has a birth year of anything older than 1950 at this part of the year, your immediate goal should be to determine Part B effective date as early as possible. Then if they're beyond the 6 mos. OEP your next step should always be to qualify them based on health ASAP.
If they can't qualify and need to go through GI Plan F coming off group, your next step is to check your comp sheets.
If they're U65 then always same thing, all by Part B effective date to determine 6 mos. of OEP. U65 will vary HUGELY by state, but some pay full comp and are well worth it. Others you can just do the right thing and send them to the appropriate company that you feel is best for them. Worth the effort to do the right thing and help those folks out.
Just because someone is retiring and coming off group means nothing. Get that Part B effective date! Like Somarco said, she didn't take Part B until 3/1...that's all that matters, she's OE and good to go 6 months from the effective date of Part B with no medical underwriting.
For anyone still learning...if someone age 65 and over takes Part B Medicare, then ends up going back to work and on group insurance and opts-out of Part B, they do not get another 6 months of OE when they finally retire and enroll in Part B again.
I've done this for 7 years now and seen a massive change in educated seniors that have opted out of Part B until they decide to retire. Back in 2000-2011 or 2012 there were way more people who had Part B and were retiring, many of which we had to send through GI. Thank goodness it was full comp back then, not so much now though.
If you get a lead that has a birth year of anything older than 1950 at this part of the year, your immediate goal should be to determine Part B effective date as early as possible. Then if they're beyond the 6 mos. OEP your next step should always be to qualify them based on health ASAP.
If they can't qualify and need to go through GI Plan F coming off group, your next step is to check your comp sheets.
If they're U65 then always same thing, all by Part B effective date to determine 6 mos. of OEP. U65 will vary HUGELY by state, but some pay full comp and are well worth it. Others you can just do the right thing and send them to the appropriate company that you feel is best for them. Worth the effort to do the right thing and help those folks out.
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