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I normally just send all health insurance cases/clients with questions to a local health agent here in town, however this is an issue that has came up a couple times in the past six months and I would like to at least have a general understanding to provide feedback for the client.
I have a client in their 70's who was in my office last week and we reviewing their investment portfolio and analyzing their current monthly budget to determine our how much we will anticipate distributing from their accounts over the next 12 months. Well, we came to the health insurance line on the budget and I find out their currently spending $800 per month for medicare supplement insurance. Now, the wife is currently on kidney dialisis...husband no health issues.
My first question is how are med supps priced? Is their individual underwriting? I assume pre-existing health conditions such as dialisis drive up the cost of one's med supp?
Thanks for the help
I have a client in their 70's who was in my office last week and we reviewing their investment portfolio and analyzing their current monthly budget to determine our how much we will anticipate distributing from their accounts over the next 12 months. Well, we came to the health insurance line on the budget and I find out their currently spending $800 per month for medicare supplement insurance. Now, the wife is currently on kidney dialisis...husband no health issues.
My first question is how are med supps priced? Is their individual underwriting? I assume pre-existing health conditions such as dialisis drive up the cost of one's med supp?
Thanks for the help
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