Golden Rule...American Community Mutual...Yada Yada Yada...

[Fisher]

You really think going forward, they can take on mighty sick folk on GI/no pre-x for the standard rate?

?

Nope, sure don't. Hence my initial question re. the pricing differential.

 

[Crabcake Johnny]

This is simple; GR takes on the block GI at standard rates, waits six months then hoses them down with a huge rate increase. Just say'n.

 

[moonlightandmargaritas]

Nope, sure don't. Hence my initial question re. the pricing differential.

That's why I gave you the HIPAA-eligible comparison. Count on between double and triple the standard premium...
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This is simple; GR takes on the block GI at standard rates, waits six months then hoses them down with a huge rate increase. Just say'n.

Yup.

Over the last month, they have raised the premium on every policy I have with them (outside the 12 month guarantee) between 16 and 26 percent.

 

[Crabcake Johnny]

I think after they take on this block that number will start with a "3."

 

[bcbroker]

I wonder if the original agent will be kept in the fold on this transaction?

Historically speaking, they usually are.

 

[ABC]

AC was a good carrier for mental health because they did not cover it. I was able to get a good size block covered at a below market rate. I have a handful of policies left with them because I could not move them.

Losing AC is just another blow to competition.


AC problem was they had dumb asses running the company.
Do you know on their board of directors there was not one insurance agent.

 

[taterpeeler]

I talked to my GR rep yesterday. Unless you present a new under-written app. The original rep will not get to keep the policy once it has been moved. They will treat the moved non-underwritten policy as a house account (just like how we got screwed by unicare) It will not matter if the rep has a contract with GR. I personally have 3 policies left with AC, 2 of them will be re-underwritten. 1 by GR and the other with BC/BS IL. (their both healthy) in knowing what is going on health wise with the 3rd policy I advised them to take the offer from GR. I've been moving policies from AC since the state took them over.

I didn't get screwed by unicare. Biz moved and I got paid. What happened to you???

 

[taterpeeler]

That's not how they did it in Illinois. All moved Unicare business was taken by BC as house accounts even if the agent had a valid BC account. I managed to save a some accounts by switching them out to a more resonable plan and fees.

Humm... find that strange.... same unicare, same bcbs (same ownership) Humm....

 

[somarco]

take on mighty sick folk on GI/no pre-x for the standard rate?

Not likely.

The Obamapool will do that.

board of directors there was not one insurance agent.

Did you know that Barry and his cabinet is almost entirely stocked with people who have never held a real job?