How about those large MAPD commissions?

[Travis Price]

If you go back to that post, you will see that they are comparing the highest paid MAPD scenario with one of the lowest paid Med Supps. That's the "ifs" they came up with. Not a very accurate portrayal. So, when you change the "ifs" around, you can make it sound the way you want it to.

Here's an example in your state. Let's say you do a Male, 65, NT with Medico. That's 117.07 per month. Not a bad price. At 33% commission in MI, you will make $463.60 for the 1st 3 years. That's $1390.80 in the first 3 years. With a MAPD, you would make $601 the first year and $301 the next 2 years. That's $1203.

So, IF you look at 3 years, Med Supp wins.

Like I said, you can plug in a lot of IFS and make it work the way you want it to.

That's a fair argument. The issue is when you cout year 4+ its dunzo. Which is why I'm saying MS just barely wins out.

But you can definitely change the argument by reframing it.

 

[sshafran]

That's a fair argument. The issue is when you cout year 4+ its dunzo. Which is why I'm saying MS just barely wins out.

But you can definitely change the argument by reframing it.

The article was misleading as soon as he got to the Plan N commission. It's almost never that low. But it writes a better story that way of good agent looking out for the little guy.

 

[Travis Price]

The article was misleading as soon as he got to the Plan N commission. It's almost never that low. But it writes a better story that way of good agent looking out for the little guy.

I didn't read the article. I'm just saying in MI, you pretty much break even with MAPD v Medigap for years 1-3, and MAPD kills it afterward.

 

[goillini52]

I didn't read the article. I'm just saying in MI, you pretty much break even with MAPD v Medigap for years 1-3, and MAPD kills it afterward.

Not if you move them to a new Med Supp (if they can qualify) every 3 years.

 

[Fisher]

At 33% commission in MI, you will make $463.60 for the 1st 3 years.

Is 33% street in MI? That's one big number!

 

[sshafran]

Is 33% street in MI? That's one big number!

Drops in year 4

 

[Chazm]

I can make the numbers work with plan N in Fl too.

UA T65 Female NS Plan N $144/month at 22% = $2,280 after 6 years.
MAPD = $2101 after 6 years.

He got people talking and ultimately, that's his goal.

 

[Travis Price]

Is 33% street in MI? That's one big number!

29-31 is standard for G. N is a couple of points higher. BUT, we only get three years fyc and then it drops to almost nothing.

G does have a point flipping them every three years.. but that requires me to put them on a really low plan that would flip higher in year 4, like BCBSMI (possibly.)

I tend to put people with plans that are in the middle of the road, so they don't have to flip for the next shiney until they can't, but that's just me.