Thank you for explaining the why behind the rules. It makes for longer content, but those of us getting ready to make these decisions need just this information that is not found elsewhere.
Was given a quite for Ace prop. ins as least expensive (for our area of so . Calif. ) but finally found a website that said Ace had been selling Medicare supps for a" long time". Had never heard of them.
Ace Medicare supplement plans are part of ACE Property & Casualty. Ace started selling Medicare supplement plans in August of 2022. This is one of those companies that were looking to difersify out of P&C because of all the claims from the riots and changes in City laws that allowed crime against businesses. Call if you would like a better recommendation 800-847-9680
Mr. Claassen, this video is outstanding. It took me a bit more than 6 months to study how Medicare supplement plans work and how to analyze which companies to choose from for my Medigap coverage and for my wife’s Medigap coverage. You confirmed my personal thinking on the various hidden traps of Medigap insurance companies. Thank you so much for your efforts.
Great video, as usual, Matthew. In addition to Lumico, Elips is also owned by Swiss Re. Also, my sister who lives in PA was in a Plan G with Transamerica since she turned 65 in January 2019. A little more than a year after that in September 2020, Transamerica stopped offering supplement plans to new people. (They had been in the supplement business only 5 years, since 2015.). Her rates went up at least 14% each year. We talked about it back in June of this year and she passed underwriting and moved to a Plan N with Mutual of Omaha in August. She's saving $64/mo. I was afraid that her premiums would keep rising with the ever shrinking pool of people in the Transamerica plan. I've learned SO much watching your videos and some other videos on RUclips. Thank you for what you do for seniors!!! (I'm a subscriber and I 👍all of your videos.)
Oh ya, I remember Transamerica having a supplement too. That is a company with a checkered past! They bought out Stonebridge (old Sears or JC Penny Card lender and insurers) and became a very aggressive cold caller company.
I love your calm, fact based approach. I have learned a lot from watching your videos. My initial enrollment period doesn't begin till January but from watching your videos I know I'll be selecting a Plan N supplement plan. I now realize I'll likely need help picking the insurer, lol.
Excellent content; very meaty and informative! I have one year to go before I enroll in Medicare and definitely will be in touch about four months out before my Medicare effective date. In the meantime, I have been educating myself about Medicare... pros, cons, pitfalls. With such a life-impacting decision, it pays to do research! I am reminded of a proverb: "The inexperienced person believes every word, but the shrewd one ponders each step." Thank you for taking the time and thought to record this, Matthew!
Matthew-great video! Call it “Advanced Medicare Training for nerds!” I’m a nerd, and have been studying Medicare since I was 60 - mostly via RUclips videos. It’s this type of video that goes above and beyond, and has attracted me to have already contacted your firm - I turn 65 next May! Thanks for “advanced” videos like this!
Yes, Matthew, what a great video. (Before I retired, I used to do presentations rather like this in an entirely different zone & I know, from the many hours I spent at that, how much time & energy goes into producing content--clear & useful-- in a zone that will be at least somewhat "exotic" to the audience.) Many many thanks for the ongoing education & the peace of mind that comes from listening to your videos. Your depth of knowledge & believability shine through.
Liked, been subbed quite awhile. Never bored with your videos. Always have pen and paper taking notes! Thanks for all the great info Matt. Appreciate it!
Being a geek I like knowing these background details but at the same time count on people whose day job it is for advice. When my wife and I worked with you several years ago to change supplement plans you talked about some of these topics but this was more in depth coverage. Interesting point you stressed that picking the right insurance carrier is as or more important than picking the right supplement plan. One needs to do both and hope their crystal ball is as accurate as possible. At least in our case your recommendations have been spot on and I appreciate the effort you put into educating folks about Medicare.
WOW, thank you for all the digging up information you get to share with us. So very helpful and eye opening. I really appreciate the work you do. Much of this video was so much new information. Thanks
Great video Matthew! I continue to learn so much from all your videos. You are my go to expert. My husband and I worked with Talita at your firm & she was excellent & very knowledgeable. We are signed up & feel confident in our choices using her assistance & your knowledge guiding us. 😊
Medicare insurance agent here...thank you, thank you, for the information you presented in this and the previous video! I have discovered some, but by no means all, that you presented regarding med supp companies, ONLY from experience and ZERO through training, etc. Thank you for making these informative videos that I will benefit from to be a better and more informed agent for my clients. Thank you, also, for not disparaging agents like we are all money-hungry, disingenuous, amoral cockroaches like another youtuber (except him, of course)--rhymes with "Westfall."😊 I truly appreciate all the information that IS NOT widely known (I don't know where you got it all from) that you so articulately conveyed. From one agent to another, I thank you. PS...You mentioned Allstate/National Gen. In my state currently (not Florida)...they have come in at the lowest rates all of a sudden. You warned us about what traditional P and C companies are doing, but then you said in another portion they should not be considered new and they say on the quote engine DECADES in the business...but they are new in our state with med supp...we didn't have Nat Gen med supp, either. Is All-State one of those trying to recoup from p and c losses? Thanks again!
Allstate bought out Nat Gen, a very old insurance company with a long history in Medicare. Nat Gen used to be GMAC. Anyway, they use the Nat Gen management for Medigap, so they are not new.
@@MedigapSeminars I know you did but I wasn't clear on if that was one of the ones you were talking about with that situation. Just wanting clarification. Since they are not new
I liked the option of the two videos. I recommend your series to anyone starting or wanting to know about Medicare. I appreciate you being so thorough, I’ve learned so much. 👍
Great video. I'm retiring in about 5 years and I will definitely be reaching out to your company for help in navigating this complicated issue of Medicare supplements. Keep up the good work and I'm so blessed to have found you!
Worked in the life insurance business for 19 years. This is a great video. Personally, I would advocate 1 step up from your ratings guides. Very glad I found your company, you set me and my BTW with great supplement plans, would have made a bad decision if I tried to do it on my own.
As a new broker/agent I find your videos helpful for my own knowledge to pass on to clients. You, like my upline, do things with integrity, but they have limited time to train me, so these videos are very helpful.
Very few people in this business take the time to train the people under them. I made the decision years ago not be anyone's upline because being good at that means less time to grow your own business. Of course, I have enough videos to train anyone. Many agents and doctor offices use my videos to train staff.
@@MedigapSeminars Initially they told me it was going to be my own business and I should get an S corp. but in reality I am just a 1099 employee. They own my book of business. They are really decent people and I may never have any issues with them, but as a business owner myself prior to getting into insurance and still ongoing, I would prefer actually being the business owner. I know there are other opportunities out there, because as you know, once licensed, you get lots of emails trying to recruit you, but I needed to gain experience. I started out just doing ACA, but just started doing Medicare this annual enrollment.
Great points for people to take into consideration. I especially like the manor in which you describe some of the internal information regarding the insurance industry without being overly pointed. Having worked for many years in a State Insurance Department (legal division) I knew many of the risks you speak of, and have directed several friends nearing retirement to view your videos for a better explanation of the pitfalls to avoid. I tend to be entirely to caustic when speaking privately. You do a much better job. Thanks for educating the public.
I have been educated by your videos and watch the new ones you publish. I have recommended you to my sister and friends urging them to get informed BEFORE they sign up for Medicare. Please know your efforts are appreciated.
Not boring at all (to those of us craving to know "the why," those of us desirous of obtaining a fuller-body of knowledge before we make this critical, possibly life-altering decision). Thanks, Matthew!
I am so glad I clicked on a link to see a totally unrelated video because somehow that video led me to you! It had to be fate since there is no other explanation. My husband and I are totally lost in what I call The Medicare Maze. I was panicking until I watched one of your videos. This is only the second video of yours that I have watched and I have already calmed down considerably. You are exactly what we need. Your videos are filled with an enormous amount of information yet you explain everything so clearly. I will be back later today along with my husband to watch more of your videos. Thank you so much for caring enough to share your incredible amount of knowledge with those of us who desperately need it.🙂
Fantastic I would never have guessed that the business end was going to become so complicated! Thanks I will be sure now to check the history of each company! Great job keep up the great work 🎉
Great video Matthew. Your advice is spot on. I saw a video recently about the "Top 10 medigap companies" and in the video the host explained to avoid large companies because they have the biggest rate increases. I almost fell off my chair. He mentioned several companies I had never heard of. It went against my sense of what to look for and was very different to your sage advice.
LOL. I am going to have to look that up and watch it! One point I did not mention is that small, no name insurance companies offer lots of incentives to attract agents. Big name companies don’t have to do that.
Again, thanks for such a great informative, empowering video!! You and Christopher Westfall are my favorites. I will definitely be calling you to see what my options are, hopefully to get a lower rate on my Plan F supplemental. I know how lucky I am to have Plan F, arbitrarily denied anyone past a certain age (GRRRR!), but I'd still like to pay less than $300 for my Medicare supplement. I think it's outrageous that it costs nearly double what I pay on my Medicare premium, just for that 20% Medicare doesn't cover. Ridiculous! You'll be hearing from me after the first of the year.
I had Lasso and got that letter just a month ago. Went with AARP United for a G supplement. I got a 2 year look at how advantage plans try and dictate what procedures they are willing to OK for ya and if it’s expensive they will deny,deny,deny until you file a grievance with Medicare. Do you know exactly why Lasso quit the MSA plan ? I called them up, and as their customer rights says in writing on the website, that they must send me in writing the reason for cancellation of policy. All I got from the conversation with some gal was “Oh that statement is for if we cancel you individually, not if we totally drop the plan for everyone” I said BS. It says for any reason, if we drop you’re plan we will send in writing Why. She hung up on me. So, so, so, glad to be rid of Lasso
I heard that Lasso went out of business because they could not generate a high enough Star Rating from Medicare. It is not well known but, Medicare bonuses companies with four or five stars. Lots of Extra $$. If Lasso priced themselves in such a way that they needed the bonus, then they are losing money without it.
Thanks Matthew, as an broker in NM I have often thought of these scenarios, but they have never been explored or explained by any of the uplines I've been aligned with. Time to seek out a new upline...AGAIN! Good info here! Now subscribed, +👍 !
I don't know of an upline that even understands these concepts. My background as a financial analyst is what gives me the ability to see things from a different perspective.
Terrific insight as usual Matthew! I had no Idea about BC/BS. I just established supplemental and part D plans. I can say one aspect that was confusing, was verifying my prescriptions in the 2024 formularies. One has to triple check generics AND drug strength to verify coverage. The same drug in different strengths may be covered differently.
Question: If a company ceases operating completely, would I be able to transfer to another company offering the same supplement plan without being subject to underwriting?
I’m a fan of your videos and have learned a lot from you. I even used your team to help me shop for a supplement policy when I retired almost two years ago. I purchased a policy through you from Accendo as recommended by your team. I did question the short time they had been offering policies but was assured it was CVS/Aetna behind the company. 2 years later and Accendo is one of those short lived companies you warn against in this video. A bit disappointed……
Mathew, Thanks for another informational video. The subject matter is quite different than the usual video floating around. I thought the content was well organized and presented. More visual props might have been used in a few cases, such as when you state the 'Rules'. I had to repeat some areas of the video to grasp the message, but it finally soaked in. We signed up with Jordan last year using Allstate Healthcare and we are happy with her responsiveness to questions and the performance of the carrier. I started to think we might have made a mistake until you mentioned the Allstate purchase of National General and its history. I still don't quite understand the depth of that, and I will seek a little more clarification down the road. Thanks again.
New company's are those without experience in Medicare supplements. National General (formerly GMAC Insurance Group) had decades of experience with Medicare supplement policy management. Allstate just brought new life to the plans.
This is a very busy time of year. I suggest using this form to get in touch with us first. medigapseminars.org/request-a-quote/ We can get information out to you and schedule a telephone meeting
Very good video. Luckily our employer recommended large, well known insurance companies for our supplement plans. So far(5 years), this has been fine. You mention Blue Cross/Blue Shield, these are the main Medicare Advantage plans that MD Anderson will take. It is uncertain (from their website) that MD Anderson will take other Medicare Advantage plans.
Would like to pass a thought by you. Why would a advantage plan expect patients to go through physical therapy before approving surgery,couple examples. Needing total knee replacement,& fragments both knees from calcium above tibia from Osgood slaters. I know both indeviduals.
Because the more hoops people are required to go through, the more likely it is they will give up or choose another company. If they make getting care difficult, a frustrated person will choose a different company during AEP and the original company saves the cost of the surgery. Sick, isn't it.
Mathew, I thought that if you transfer to “like” supplement plan, you are not subject to underwriting. Example; if you have a plan G and your insurance company goes bye bye are you not able to get a plan G from another insurance company without underwriting? Please comment. I used MS when I started MC a few years ago and continue to do so. Great video thanks for helping senior weed thru the supplement carrier jungle!
Some states, those with Birthday Rules etc,, give a small window of time that allows the change you are talking about with no Medicare underwriting. There are also a few companies that allow you to move down in coverage without underwriting. But the vast majority of people on Medicare are required to be underwritten t qualify.
I forgot to mention in my first comment that I was watching Lasso closely and had planned to use Lasso in a trial right scenario to get the cash up front to help pay medical bills and premiums the first year, then switch to a supplement at the end of the trial right. But, I learned about a month ago from someone on RUclips that they were in trouble with CMS, and would not be allowed to offer their product in ‘24. And there is more to the story that I won’t get into here. I will be avoiding their products altogether, especially that you said they were planning to get into the supplement market. I’ll just wonder if it was the original Lasso founder or the more recent Lasso owner after the first one sold it a couple years ago.
I am not aware of any at the moment. But there may be one available on a local basis. When we help people with their Advantage plans we can see all the plans available in their area.
We are contracted with UHC (which sells AARP Plan G) but we only advise people it in a few states. Why? Because it has automatic price increases plus regular unscheduled price increase that can result in a very expensive plan by the time you're in your 70s. We strive to find the company that will provide your lowest cost over your lifetime. 800-847-9680
If yuo are using an insurance agent who is not an expert on Medicare, you are at risk of being one of his "mistakes" from which he will hopefully learn. We are licensed in all states except MA..and have over 10,000 happy clients.
Hi - here is my suggestion - I have a free four part mini-course that will help you understand the basics. You should watch it. Just go to medigapseminars.org/ and click on the talking head in the lower right. Select the mini course
OMG about BC/BS! Thank you for this information. I have BC/BS of South Carolina at my work so I thought they were national and they would be great to buy a supplement from them for my wife. Maybe not!
@@thepaulinator6934 BCBS companies do not have, in general, the best reputation for price stability. There are always exceptions, but SC is not one of them.
I have plan G from a well known company. My premium at age 70 was $200. As I was shopping for my wife I found my company was only charging $177 when I entered my information online. A few days latter my existing premium went to $224. When I called, the agent said they would put me in a different class and I got the $177 price. What REALLY happened? 1:411:41
Interesting information. I’ve been listening to several explanations of benefits. However I’m not hearing about the comparison of insurance companies. I will be contacting your company. Are there videos of comparing companies?
In general, "Avoid the small regional insurer, in order to avoid exposure to business instability" makes sense. But I am in California and went with Blue Shield of California for a Plan G. They've been at it a long time and California is huge. Do you think the regional rule should still apply in this case? Supplement plans don't have the same kind of regional risk that "Advantage" plans have: Supplement is based on original Medicare and works wherever Medicare is accepted, unlike an network-limited HMO/PPO Advantage plan. So if the only regional risk that is relevant to a Supplement plan is size of insurer, BS of CA shouldn't be a worry, should it?
Blue Cross Blue Shield is not some large national company. It is an association with 36 members who pay BCBS a fee to use their name. These are unrelated companies, many of whom only work in one state. Like BCBS of CA. So, yes, the rule does apply. In my experience, the BCBS companies have much higher rate inceases than the companies I prefer to work with for supplement plans.
We do a lot of business in Washington state. We do a lot of business in all states except Massachusetts's. When you request a quote, the email we send in reply includes a detailed description of your state rules. medigapseminars.org/request-a-quote/
I was surprised & aggravated that Accendo stopped issuing policies less than 2 years after Medigap Seminars enrolled me. I didn't choose a medicare advantage because I didn't want the hassle of constantly reveiwing & changing. Now I'm told I should change medigap company already if I can pass underwriting. 😕
Hi Zelda, well, that makes two of us. In 2019 I was Aetna's #1 independent broker in the country. In discussions with senior Aetna/ CVS management they were excited to have the Accendo brand as the new brand representing their merger. The company didn't do so well during Covid or after. The merged company was based in San Francisco and that fear mindset caused serious issues, keeping everyone home. (some still are) As a result, they lost some senior management and decided to close down the Accendo brand and remove several products from independent agents. In my opinion, this is a serious mistake they will come to regret, and is the opposite direction of the rest of the industry. Still, it's a good thing you work with us, or you would never know. If you found out from others, the only solution they would show you is another Aetna product. This is the value of working with an independent broker. If things go sideways, we can offer solutions from any company in the market. Not just the insurance company that screwed up in the first place, as would be the case if you didn't work with us.
It appears that when a company loses interest in or wants to ramp down their Medigap business there is nothing to prevent them from raising prices 15 or even 25% per year. Their customers mostly cannot easily leave. Is that true?
There is absolutely guard rails in place to prevent insurance companies from ramping up prices unnecessarily. It will be covered in a future video. The company must get permission from the state, and the state must keep the insurance company loss ratio with a certain range set by law.
Just signed up for part B effective Oct 1. Your videos have been very informative and helpful. Have a call scheduled with Vondrea to sign up for a supplement. I just watched your 2 hidden risks videos. Information was very good but I was a little disappointed in the quality of the subtitles in these videos. Several mistakes in what you said not matching what was typed. I got the impression the subtitles were computer generated and were a literal translation of your words but not your meaning. Really like your videos but thought you should know.
Thank you. Yes, subtitles are auto generated. It would take about two hours to do that manually. Thankfully the software is getting better and better every year.
I turned 65 in JULY 2023. I have original Medicare A & B plus California Medi Cal (Medicaid). my income increased and I will be put on A Medi Cal Share of Cost program in 2024 with a MONTHLY Share of Cost deductible of $1,400. Time to just go ahead and get off that program and buy a supplement plan if I can afford it?? So confusing.
@@meakasandraclaus4981 I mistakenly put 2023. Actually I turned 65 July 2022. I guess I’ll have to go trough underweighting even though I do have original Medicare part A and B. My current supplement is Medi Cal ( Medicaid) I will research more this week.
Really love your videos. I start Medicare in Jan. 2024. I was automatically enrolled in parts A & B because I have been on permanent disability (SSDI) since Jan 2023. I was approved for medi-cal with a share of cost (SOC) of $1300 a month because I was above the poverty level. Pretty much worthless. Can I still get a Medigap plan to supplement the cost. I was told no by a broker but I checked the internet and it said yes. Just wondering if you might know.
I am missing some information needed to answer your question. If you are under 65, whether or not you can get a Medicare supplement depends entirely on the state you live in. Under 65 Medigap plans are under state law. If so, when you turn 65 you get a brand new Initial Enrollment Period as if you never had Medicare. Please reach out to us. We can help no matter what the answer is. medigapseminars.org/contact-us/
Let me say you are not boring at all. You are talking about stuff nobody talks about. We will be contacting you when we are ready. I honestly don’t understand anything you are saying about the AM or S and P fitch Weiss talk. All foreign topics to me. But I’m willing to listen and learn .
Original Medicare pays doctors more and provides more freedom of decision making than an Advantage Plan for medical services . ....However some Advantage plans provide big bonuses to doctors for every patient that can get into the Advantage plan. This is especially true with HMOs . If you doctor is encouraging you to go to an Advantage Plan, it is for his $ pocket, not your health. That is why I advise finding a different doctor.
@@MatthewClaassenCMT my doctor is great, does not agree that medicine is the only solution to what's wrong. So I don't want to change doctors until I financially have no other choice. So wouldn't it make sense to go with an Advantage plan that doesn't charge as much premium since they don't/can't pay my doctor bills anyway? Eventually I hope to afford private insurance but until then, I'm stuck with what there is now. Also, Aetna Supp plan won't even tell us what their new rates are til late November! Seems manipulative to me. FYI, my doctor doesn't recommend any healthcare plans whatsoever. I paid out of pocket for my visit last year.
Had signed up for Accendo insurance and before had asked agent if it was ok company, he said no complaints so far. The card said Accendo CVS on it so maybe CVS does co ins.? You have more info hadnt heard from our old agent. What think of medicare ins. co's like State Farm and USAA?
Accendo was the brand created to mark the merger of CVS ans Aetna. After Covid, CVS completely changed direction, lost some important people in management and decided to stop with Accendo and start up their own in house agency. As far as State farm and USAA - I believe I mentioned in this video how Property & Casualty companies are trying to get into the Medicare market. I have had USAA property & casualty insurance since 1980...but i would never buy a supplement froom them. State Farm - same issue. They don't know Medicare, have very little in Medicare and their agents are no knowledgable in Medicare. Why choose them?
@@MedigapSeminars had gone with USAA, this year but they are raising rates now, so am looking again (may call you soon). The plan G HD seems like it would be good, and for some reason thought it wouldnt pay at all, till deductible was payed, but Medicare pays part B(Dr's office and testing), and person would pay rest 20% till deductible. Mostly would like to find a good Dr, who doesnt first try to prescribe drugs (which all so far have made me sick). Wonder if better to just get a catastrophic plan (those still available?).
Hi Mathew, I have what might be a funny question about Medicare Supliments, I understand that an insurance company takes the risk for paying out for medical needs with an Advantage plan, In a Supliment plan I thought the government paid out for medical needs and the Supliment company only managed it, please let me know if this question makes sense to you. Thank you for the great videos.
An Advantage Plan replaces Medicare. The Advantage insurance company gets $$ from the US Governments every month for every policy (typically between $1,000 and $1,800 a month) They are required to cover everything Medicare covers, but two Inspector General reports and Congressional investigations show they do not. They use delaying and denying coverage to increase their bottom line. When you have a supplement, Medicare is your primary insurer. This is your Primary Insurance: medigapseminars.org/wp-content/uploads/2023/10/2024-Part-APart-B-IRMAA.pdf and they rely on your doctor to determine medical necessity. They are linked with your supplement and electronically communicate when the supplement owes money. Most supplement pay >80% of their bills within 48 hours, without human intervention.
Do different insurance companies pay you different amounts for signing people up, which could therefore influence the company you help guide the person to choose?
They are all pretty much the same. Every state has guidelines the insurance companies must follow on supplement commissions. Usually, insurance company compensation can vary by a percent or two. I pay my licensed staff an hourly rate plus a flat bonus for every application, no matter which plan or which company. That completely eliminates any potential influence from commission levels. Have you seen this video that touches on that subject? ruclips.net/video/eh_RFjGpVo4/видео.html
What is your opinions on retired military members currently using Tri-care prime and about to become medicare age in 2024, concerning about a "medigap" or advantage plan???
So valuable Matthew. Some folk don’t have a business sense. Most of us need guidance. I am so grateful to you for this 😊
you are welcome
Thank you for explaining the why behind the rules. It makes for longer content, but those of us getting ready to make these decisions need just this information that is not found elsewhere.
Was given a quite for Ace prop. ins as least expensive (for our area of so . Calif. ) but finally found a website that said Ace had been selling Medicare supps for a" long time". Had never heard of them.
Ace Medicare supplement plans are part of ACE Property & Casualty. Ace started selling Medicare supplement plans in August of 2022. This is one of those companies that were looking to difersify out of P&C because of all the claims from the riots and changes in City laws that allowed crime against businesses. Call if you would like a better recommendation 800-847-9680
Mr. Claassen, this video is outstanding. It took me a bit more than 6 months to study how Medicare supplement plans work and how to analyze which companies to choose from for my Medigap coverage and for my wife’s Medigap coverage. You confirmed my personal thinking on the various hidden traps of Medigap insurance companies. Thank you so much for your efforts.
Great video, as usual, Matthew. In addition to Lumico, Elips is also owned by Swiss Re. Also, my sister who lives in PA was in a Plan G with Transamerica since she turned 65 in January 2019. A little more than a year after that in September 2020, Transamerica stopped offering supplement plans to new people. (They had been in the supplement business only 5 years, since 2015.). Her rates went up at least 14% each year. We talked about it back in June of this year and she passed underwriting and moved to a Plan N with Mutual of Omaha in August. She's saving $64/mo. I was afraid that her premiums would keep rising with the ever shrinking pool of people in the Transamerica plan. I've learned SO much watching your videos and some other videos on RUclips. Thank you for what you do for seniors!!! (I'm a subscriber and I 👍all of your videos.)
Oh ya, I remember Transamerica having a supplement too. That is a company with a checkered past! They bought out Stonebridge (old Sears or JC Penny Card lender and insurers) and became a very aggressive cold caller company.
@@MatthewClaassenCMT😊😊
If you’re willing to invest time to make informed supplement choices and then to follow up this series is perfect.
I love your calm, fact based approach. I have learned a lot from watching your videos. My initial enrollment period doesn't begin till January but from watching your videos I know I'll be selecting a Plan N supplement plan. I now realize I'll likely need help picking the insurer, lol.
We would be happy to help. medigapseminars.org/contact-us/
Excellent content; very meaty and informative!
I have one year to go before I enroll in Medicare and definitely will be in touch about four months out before my Medicare effective date.
In the meantime, I have been educating myself about Medicare... pros, cons, pitfalls. With such a life-impacting decision, it pays to do research!
I am reminded of a proverb: "The inexperienced person believes every word, but the shrewd one ponders each step."
Thank you for taking the time and thought to record this, Matthew!
you are very welcome.
Matthew-great video! Call it “Advanced Medicare Training for nerds!” I’m a nerd, and have been studying Medicare since I was 60 - mostly via RUclips videos. It’s this type of video that goes above and beyond, and has attracted me to have already contacted your firm - I turn 65 next May! Thanks for “advanced” videos like this!
Yes, Matthew, what a great video. (Before I retired, I used to do presentations rather like this in an entirely different zone & I know, from the many hours I spent at that, how much time & energy goes into producing content--clear & useful-- in a zone that will be at least somewhat "exotic" to the audience.) Many many thanks for the ongoing education & the peace of mind that comes from listening to your videos. Your depth of knowledge & believability shine through.
You are welcome, and Thank you for your kind words.
All the best. No one ever mentioned AM Best ratings.
I am surprised at that.
Liked, been subbed quite awhile. Never bored with your videos. Always have pen and paper taking notes! Thanks for all the great info Matt. Appreciate it!
You are very welcome
Thank you for this information. It was all new to me and I thought I was pretty well informed
You are welcome
I just signed up for a supp and so glad I went with a national company that's been around. Good information.
Being a geek I like knowing these background details but at the same time count on people whose day job it is for advice. When my wife and I worked with you several years ago to change supplement plans you talked about some of these topics but this was more in depth coverage. Interesting point you stressed that picking the right insurance carrier is as or more important than picking the right supplement plan. One needs to do both and hope their crystal ball is as accurate as possible. At least in our case your recommendations have been spot on and I appreciate the effort you put into educating folks about Medicare.
Thank you Tom. I will try to find more geeky Medicare subjects for you too!
Here is a Link to Part 1 if needed ruclips.net/video/N6_4uJ6ViV4/видео.html medigapseminars.org/contact-us/ What do you think of this video?
WOW, thank you for all the digging up information you get to share with us. So very helpful and eye opening. I really appreciate the work you do. Much of this video was so much new information. Thanks
You are so welcome!
You make Medicare so much easier to understand
Thank you Rose
Great video Matthew! I continue to learn so much from all your videos. You are my go to expert. My husband and I worked with Talita at your firm & she was excellent & very knowledgeable. We are signed up & feel confident in our choices using her assistance & your knowledge guiding us. 😊
Thank you. and I will make certain Talita sees your kind comment.
Medicare insurance agent here...thank you, thank you, for the information you presented in this and the previous video! I have discovered some, but by no means all, that you presented regarding med supp companies, ONLY from experience and ZERO through training, etc. Thank you for making these informative videos that I will benefit from to be a better and more informed agent for my clients. Thank you, also, for not disparaging agents like we are all money-hungry, disingenuous, amoral cockroaches like another youtuber (except him, of course)--rhymes with "Westfall."😊 I truly appreciate all the information that IS NOT widely known (I don't know where you got it all from) that you so articulately conveyed. From one agent to another, I thank you. PS...You mentioned Allstate/National Gen. In my state currently (not Florida)...they have come in at the lowest rates all of a sudden. You warned us about what traditional P and C companies are doing, but then you said in another portion they should not be considered new and they say on the quote engine DECADES in the business...but they are new in our state with med supp...we didn't have Nat Gen med supp, either. Is All-State one of those trying to recoup from p and c losses? Thanks again!
Allstate bought out Nat Gen, a very old insurance company with a long history in Medicare. Nat Gen used to be GMAC. Anyway, they use the Nat Gen management for Medigap, so they are not new.
@@MedigapSeminars ok...but is Allstate one to avoid?
@@floridagirl5250 I mention Allstate specifically in this video
@@MedigapSeminars I know you did but I wasn't clear on if that was one of the ones you were talking about with that situation. Just wanting clarification. Since they are not new
I liked the option of the two videos. I recommend your series to anyone starting or wanting to know about Medicare. I appreciate you being so thorough, I’ve learned so much. 👍
Great video. I'm retiring in about 5 years and I will definitely be reaching out to your company for help in navigating this complicated issue of Medicare supplements. Keep up the good work and I'm so blessed to have found you!
Worked in the life insurance business for 19 years. This is a great video. Personally, I would advocate 1 step up from your ratings guides. Very glad I found your company, you set me and my BTW with great supplement plans, would have made a bad decision if I tried to do it on my own.
Amazing in depth video touching on subjects I had no clue about. I have an appointment with Jordan next week. Thankyou !!!
You are very welcome.
Thank you for all this education.
As a new broker/agent I find your videos helpful for my own knowledge to pass on to clients. You, like my upline, do things with integrity, but they have limited time to train me, so these videos are very helpful.
Very few people in this business take the time to train the people under them. I made the decision years ago not be anyone's upline because being good at that means less time to grow your own business. Of course, I have enough videos to train anyone. Many agents and doctor offices use my videos to train staff.
@@MedigapSeminars Initially they told me it was going to be my own business and I should get an S corp. but in reality I am just a 1099 employee. They own my book of business. They are really decent people and I may never have any issues with them, but as a business owner myself prior to getting into insurance and still ongoing, I would prefer actually being the business owner. I know there are other opportunities out there, because as you know, once licensed, you get lots of emails trying to recruit you, but I needed to gain experience. I started out just doing ACA, but just started doing Medicare this annual enrollment.
Great points for people to take into consideration. I especially like the manor in which you describe some of the internal information regarding the insurance industry without being overly pointed. Having worked for many years in a State Insurance Department (legal division) I knew many of the risks you speak of, and have directed several friends nearing retirement to view your videos for a better explanation of the pitfalls to avoid. I tend to be entirely to caustic when speaking privately. You do a much better job. Thanks for educating the public.
The best is Medicare A and B with Tricare For Life. In my opinion the best coverage in the United States.
I have been educated by your videos and watch the new ones you publish. I have recommended you to my sister and friends urging them to get informed BEFORE they sign up for Medicare. Please know your efforts are appreciated.
😀
Not boring at all (to those of us craving to know "the why," those of us desirous of obtaining a fuller-body of knowledge before we make this critical, possibly life-altering decision).
Thanks, Matthew!
I am so glad I clicked on a link to see a totally unrelated video because somehow that video led me to you! It had to be fate since there is no other explanation. My husband and I are totally lost in what I call The Medicare Maze. I was panicking until I watched one of your videos. This is only the second video of yours that I have watched and I have already calmed down considerably. You are exactly what we need. Your videos are filled with an enormous amount of information yet you explain everything so clearly. I will be back later today along with my husband to watch more of your videos. Thank you so much for caring enough to share your incredible amount of knowledge with those of us who desperately need it.🙂
Fantastic I would never have guessed that the business end was going to become so complicated! Thanks I will be sure now to check the history of each company! Great job keep up the great work 🎉
Great video Matthew. Your advice is spot on. I saw a video recently about the "Top 10 medigap companies" and in the video the host explained to avoid large companies because they have the biggest rate increases. I almost fell off my chair. He mentioned several companies I had never heard of. It went against my sense of what to look for and was very different to your sage advice.
LOL. I am going to have to look that up and watch it! One point I did not mention is that small, no name insurance companies offer lots of incentives to attract agents. Big name companies don’t have to do that.
@@MatthewClaassenCMT If you are interested in viewing it the actual video title is "Top 10 Medicare Supplement Carriers"
@@JeanPierreWhite I just found it, thank you..
Thank you for your service. You make things so much clearer.
Again, thanks for such a great informative, empowering video!! You and Christopher Westfall are my favorites.
I will definitely be calling you to see what my options are, hopefully to get a lower rate on my Plan F supplemental. I know how lucky I am to have Plan F, arbitrarily denied anyone past a certain age (GRRRR!), but I'd still like to pay less than $300 for my Medicare supplement. I think it's outrageous that it costs nearly double what I pay on my Medicare premium, just for that 20% Medicare doesn't cover. Ridiculous! You'll be hearing from me after the first of the year.
Once again you've provided important information about Medigap policies. Thank you very much!
I learned all kinds of new things from this. Thank you. But I'm not seeing the link to the recommended companies.
?? There is no link to recommended companies. If you would like my advice, please contact us. medigapseminars.org/contact-us/
I had Lasso and got that letter just a month ago. Went with AARP United for a G supplement. I got a 2 year look at how advantage plans try and dictate what procedures they are willing to OK for ya and if it’s expensive they will deny,deny,deny until you file a grievance with Medicare. Do you know exactly why Lasso quit the MSA plan ? I called them up, and as their customer rights says in writing on the website, that they must send me in writing the reason for cancellation of policy. All I got from the conversation with some gal was “Oh that statement is for if we cancel you individually, not if we totally drop the plan for everyone” I said BS. It says for any reason, if we drop you’re plan we will send in writing Why. She hung up on me. So, so, so, glad to be rid of Lasso
I heard that Lasso went out of business because they could not generate a high enough Star Rating from Medicare. It is not well known but, Medicare bonuses companies with four or five stars. Lots of Extra $$. If Lasso priced themselves in such a way that they needed the bonus, then they are losing money without it.
Thanks Matthew, as an broker in NM I have often thought of these scenarios, but they have never been explored or explained by any of the uplines I've been aligned with. Time to seek out a new upline...AGAIN! Good info here! Now subscribed, +👍 !
I don't know of an upline that even understands these concepts. My background as a financial analyst is what gives me the ability to see things from a different perspective.
Great video Matt. I thought it was very easy to follow and understand!
I am glad to hear that. I'm always nervous that these videos are boring. Mostly because I don't sensationalize or scare etc.
This is very valuable information. I must watch video one and two again to absorb this information. Thank you very much.
Wow! I hope people find your videos because everyone needs to know this before signing up for a supplemental plan.
Excellent presentation - very clear and diffidently not boring.
Thank you
Terrific insight as usual Matthew! I had no Idea about BC/BS. I just established supplemental and part D plans. I can say one aspect that was confusing, was verifying my prescriptions in the 2024 formularies. One has to triple check generics AND drug strength to verify coverage. The same drug in different strengths may be covered differently.
Arggh! That part D is driving me crazy!
Question: If a company ceases operating completely, would I be able to transfer to another company offering the same supplement plan without being subject to underwriting?
Helpful information. I think that when I'm ready for Medicare I'll just give your company a call and tap into your knowledge.
That's what we are here for! medigapseminars.org/contact-us/
I’m a fan of your videos and have learned a lot from you. I even used your team to help me shop for a supplement policy when I retired almost two years ago. I purchased a policy through you from Accendo as recommended by your team. I did question the short time they had been offering policies but was assured it was CVS/Aetna behind the company. 2 years later and Accendo is one of those short lived companies you warn against in this video. A bit disappointed……
Thank you for the information. Very helpful.
Glad it was helpful!
Mathew, Thanks for another informational video. The subject matter is quite different than the usual video floating around. I thought the content was well organized and presented. More visual props might have been used in a few cases, such as when you state the 'Rules'. I had to repeat some areas of the video to grasp the message, but it finally soaked in. We signed up with Jordan last year using Allstate Healthcare and we are happy with her responsiveness to questions and the performance of the carrier. I started to think we might have made a mistake until you mentioned the Allstate purchase of National General and its history. I still don't quite understand the depth of that, and I will seek a little more clarification down the road. Thanks again.
New company's are those without experience in Medicare supplements. National General (formerly GMAC Insurance Group) had decades of experience with Medicare supplement policy management. Allstate just brought new life to the plans.
Thank you!I love the sharp on the financial parts!!
Very Interesting, Thank you for sharing.
Ill be calling your office next week for help and advice to sign up for Medicare
This is a very busy time of year. I suggest using this form to get in touch with us first. medigapseminars.org/request-a-quote/ We can get information out to you and schedule a telephone meeting
Consistently excellent programs, thanks
Glad you like them!
Is AETNA a good company?
I am not going to answer that on RUclips.
Very helpful video for someone who's new to this and just doing some research.
Excellent video. You've given tips that would not have thought of.
Very good video. Luckily our employer recommended large, well known insurance companies for our supplement plans. So far(5 years), this has been fine. You mention Blue Cross/Blue Shield, these are the main Medicare Advantage plans that MD Anderson will take. It is uncertain (from their website) that MD Anderson will take other Medicare Advantage plans.
Would like to pass a thought by you.
Why would a advantage plan expect patients to go through physical therapy before approving surgery,couple examples.
Needing total knee replacement,& fragments both knees from calcium above tibia from Osgood slaters.
I know both indeviduals.
Because the more hoops people are required to go through, the more likely it is they will give up or choose another company. If they make getting care difficult, a frustrated person will choose a different company during AEP and the original company saves the cost of the surgery. Sick, isn't it.
Mathew, I thought that if you transfer to “like” supplement plan, you are not subject to underwriting. Example; if you have a plan G and your insurance company goes bye bye are you not able to get a plan G from another insurance company without underwriting? Please comment.
I used MS when I started MC a few years ago and continue to do so. Great video thanks for helping senior weed thru the supplement carrier jungle!
Some states, those with Birthday Rules etc,, give a small window of time that allows the change you are talking about with no Medicare underwriting. There are also a few companies that allow you to move down in coverage without underwriting. But the vast majority of people on Medicare are required to be underwritten t qualify.
Thanks for your guidance so I don’t get stuck with high premiums.
You are welcome. Reach out to us for personalized advice. Our services are free to the consumer: medigapseminars.org/contact-us/
I forgot to mention in my first comment that I was watching Lasso closely and had planned to use Lasso in a trial right scenario to get the cash up front to help pay medical bills and premiums the first year, then switch to a supplement at the end of the trial right. But, I learned about a month ago from someone on RUclips that they were in trouble with CMS, and would not be allowed to offer their product in ‘24. And there is more to the story that I won’t get into here. I will be avoiding their products altogether, especially that you said they were planning to get into the supplement market. I’ll just wonder if it was the original Lasso founder or the more recent Lasso owner after the first one sold it a couple years ago.
Great info! I’m really enjoying your videos!
I did sign up for a consult. Thank you
Awesome!
Great video. Thanks for the information and your guidance.
We were on Lasso MSA for 4 years, do you see another MSA coming soon?
I am not aware of any at the moment. But there may be one available on a local basis. When we help people with their Advantage plans we can see all the plans available in their area.
What do you think of AARP G plain ? And do you sell it?
We are contracted with UHC (which sells AARP Plan G) but we only advise people it in a few states. Why? Because it has automatic price increases plus regular unscheduled price increase that can result in a very expensive plan by the time you're in your 70s. We strive to find the company that will provide your lowest cost over your lifetime. 800-847-9680
I learned something but what if my insurance man isn't on top of all this? I am pretty overwhelmed.
If yuo are using an insurance agent who is not an expert on Medicare, you are at risk of being one of his "mistakes" from which he will hopefully learn. We are licensed in all states except MA..and have over 10,000 happy clients.
Great video! Thanks for explaining and providing examples.
You're very welcome!
Great information. Thank you👏👏👏
I have been on Medicare since July 2022 & I’m really confused if I was sold the best plan. I’m afraid to change anything
Hi - here is my suggestion - I have a free four part mini-course that will help you understand the basics. You should watch it. Just go to medigapseminars.org/ and click on the talking head in the lower right. Select the mini course
OMG about BC/BS! Thank you for this information. I have BC/BS of South Carolina at my work so I thought they were national and they would be great to buy a supplement from them for my wife. Maybe not!
@@thepaulinator6934 BCBS companies do not have, in general, the best reputation for price stability. There are always exceptions, but SC is not one of them.
I have plan G from a well known company. My premium at age 70 was $200. As I was shopping for my wife I found my company was only charging $177 when I entered my information online. A few days latter my existing premium went to $224. When I called, the agent said they would put me in a different class and I got the $177 price. What REALLY happened? 1:41 1:41
Can't say. Few companies will let you change without underwriting. Did you complete a new application?
Yes
How do I read the amb rating?
That is available to us whenever we discuss companies with people. You can also look here: web.ambest.com/home
You specifically mentioned Allstate/National General which is competitive based on 4 ongoing discounts offered. How do you think they measure up?
Good information. Thanks for the insight.
Interesting information. I’ve been listening to several explanations of benefits. However I’m not hearing about the comparison of insurance companies. I will be contacting your company. Are there videos of comparing companies?
In general, "Avoid the small regional insurer, in order to avoid exposure to business instability" makes sense. But I am in California and went with Blue Shield of California for a Plan G. They've been at it a long time and California is huge. Do you think the regional rule should still apply in this case? Supplement plans don't have the same kind of regional risk that "Advantage" plans have: Supplement is based on original Medicare and works wherever Medicare is accepted, unlike an network-limited HMO/PPO Advantage plan. So if the only regional risk that is relevant to a Supplement plan is size of insurer, BS of CA shouldn't be a worry, should it?
Blue Cross Blue Shield is not some large national company. It is an association with 36 members who pay BCBS a fee to use their name. These are unrelated companies, many of whom only work in one state. Like BCBS of CA. So, yes, the rule does apply. In my experience, the BCBS companies have much higher rate inceases than the companies I prefer to work with for supplement plans.
I have watched and learned from many of your videos, thank you.
How familiar are you and your team with the rules and companies in Washington State?
We do a lot of business in Washington state. We do a lot of business in all states except Massachusetts's. When you request a quote, the email we send in reply includes a detailed description of your state rules. medigapseminars.org/request-a-quote/
FANTASTIC, THANK YOU!!!
Thank you!
You're welcome!
I was surprised & aggravated that Accendo stopped issuing policies less than 2 years after Medigap Seminars enrolled me. I didn't choose a medicare advantage because I didn't want the hassle of constantly reveiwing & changing. Now I'm told I should change medigap company already if I can pass underwriting. 😕
Hi Zelda, well, that makes two of us. In 2019 I was Aetna's #1 independent broker in the country. In discussions with senior Aetna/ CVS management they were excited to have the Accendo brand as the new brand representing their merger. The company didn't do so well during Covid or after. The merged company was based in San Francisco and that fear mindset caused serious issues, keeping everyone home. (some still are) As a result, they lost some senior management and decided to close down the Accendo brand and remove several products from independent agents. In my opinion, this is a serious mistake they will come to regret, and is the opposite direction of the rest of the industry. Still, it's a good thing you work with us, or you would never know. If you found out from others, the only solution they would show you is another Aetna product. This is the value of working with an independent broker. If things go sideways, we can offer solutions from any company in the market. Not just the insurance company that screwed up in the first place, as would be the case if you didn't work with us.
Also a very helpful video
Glad it was helpful!
Thank you. Very helpful.
It appears that when a company loses interest in or wants to ramp down their Medigap business there is nothing to prevent them from raising prices 15 or even 25% per year. Their customers mostly cannot easily leave. Is that true?
There is absolutely guard rails in place to prevent insurance companies from ramping up prices unnecessarily. It will be covered in a future video. The company must get permission from the state, and the state must keep the insurance company loss ratio with a certain range set by law.
Just signed up for part B effective Oct 1. Your videos have been very informative and helpful. Have a call scheduled with Vondrea to sign up for a supplement. I just watched your 2 hidden risks videos. Information was very good but I was a little disappointed in the quality of the subtitles in these videos. Several mistakes in what you said not matching what was typed. I got the impression the subtitles were computer generated and were a literal translation of your words but not your meaning. Really like your videos but thought you should know.
Thank you. Yes, subtitles are auto generated. It would take about two hours to do that manually. Thankfully the software is getting better and better every year.
I turned 65 in JULY 2023. I have original Medicare A & B plus California Medi Cal (Medicaid). my income increased and I will be put on A Medi Cal Share of Cost program in 2024 with a MONTHLY Share of Cost deductible of $1,400. Time to just go ahead and get off that program and buy a supplement plan if I can afford it?? So confusing.
Heck, a high deductible Medicare supplement would be much better and a very low cost.
@@MedigapSeminars
Isn't this person within the 6 months to change to a supplement plan without underwriting ?
@@meakasandraclaus4981 I mistakenly put 2023. Actually I turned 65 July 2022. I guess I’ll have to go trough underweighting even though I do have original Medicare part A and B. My current supplement is Medi Cal ( Medicaid) I will research more this week.
Great info !
Thanks very informative
Really love your videos. I start Medicare in Jan. 2024. I was automatically enrolled in parts A & B because I have been on permanent disability (SSDI) since Jan 2023. I was approved for medi-cal with a share of cost (SOC) of $1300 a month because I was above the poverty level. Pretty much worthless. Can I still get a Medigap plan to supplement the cost. I was told no by a broker but I checked the internet and it said yes. Just wondering if you might know.
Call Matt's company for advice. Sounds like you may have a complex situation.
I am missing some information needed to answer your question. If you are under 65, whether or not you can get a Medicare supplement depends entirely on the state you live in. Under 65 Medigap plans are under state law. If so, when you turn 65 you get a brand new Initial Enrollment Period as if you never had Medicare. Please reach out to us. We can help no matter what the answer is. medigapseminars.org/contact-us/
Love all the info!
Let me say you are not boring at all. You are talking about stuff nobody talks about. We will be contacting you when we are ready. I honestly don’t understand anything you are saying about the AM or S and P fitch Weiss talk. All foreign topics to me. But I’m willing to listen and learn .
Very informative
My doctor no longer accepts Medicare, so then is there any reason to get a supplement plan or should I save money by getting an Advantage plan?
An Advantage Plan wont save you money. I suggest finding a new doctor.
Original Medicare pays doctors more and provides more freedom of decision making than an Advantage Plan for medical services . ....However some Advantage plans provide big bonuses to doctors for every patient that can get into the Advantage plan. This is especially true with HMOs . If you doctor is encouraging you to go to an Advantage Plan, it is for his $ pocket, not your health. That is why I advise finding a different doctor.
@@MatthewClaassenCMT my doctor is great, does not agree that medicine is the only solution to what's wrong. So I don't want to change doctors until I financially have no other choice. So wouldn't it make sense to go with an Advantage plan that doesn't charge as much premium since they don't/can't pay my doctor bills anyway? Eventually I hope to afford private insurance but until then, I'm stuck with what there is now. Also, Aetna Supp plan won't even tell us what their new rates are til late November! Seems manipulative to me. FYI, my doctor doesn't recommend any healthcare plans whatsoever. I paid out of pocket for my visit last year.
@@MedigapSeminars Amen.
Do you have any opinion on Devoted Healthcare, they haven't been around for 5 years, they are in 50 states.
I am not familiar with them at all
How do I check how creditable the company is. How do I check?
Had signed up for Accendo insurance and before had asked agent if it was ok company, he said no complaints so far. The card said Accendo CVS on it so maybe CVS does co ins.? You have more info hadnt heard from our old agent. What think of medicare ins. co's like State Farm and USAA?
Accendo was the brand created to mark the merger of CVS ans Aetna. After Covid, CVS completely changed direction, lost some important people in management and decided to stop with Accendo and start up their own in house agency. As far as State farm and USAA - I believe I mentioned in this video how Property & Casualty companies are trying to get into the Medicare market. I have had USAA property & casualty insurance since 1980...but i would never buy a supplement froom them. State Farm - same issue. They don't know Medicare, have very little in Medicare and their agents are no knowledgable in Medicare. Why choose them?
@@MedigapSeminars had gone with USAA, this year but they are raising rates now, so am looking again (may call you soon). The plan G HD seems like it would be good, and for some reason thought it wouldnt pay at all, till deductible was payed, but Medicare pays part B(Dr's office and testing), and person would pay rest 20% till deductible. Mostly would like to find a good Dr, who doesnt first try to prescribe drugs (which all so far have made me sick). Wonder if better to just get a catastrophic plan (those still available?).
Hi Mathew, I have what might be a funny question about Medicare Supliments, I understand that an insurance company takes the risk for paying out for medical needs with an Advantage plan, In a Supliment plan I thought the government paid out for medical needs and the Supliment company only managed it, please let me know if this question makes sense to you. Thank you for the great videos.
An Advantage Plan replaces Medicare. The Advantage insurance company gets $$ from the US Governments every month for every policy (typically between $1,000 and $1,800 a month) They are required to cover everything Medicare covers, but two Inspector General reports and Congressional investigations show they do not. They use delaying and denying coverage to increase their bottom line. When you have a supplement, Medicare is your primary insurer. This is your Primary Insurance: medigapseminars.org/wp-content/uploads/2023/10/2024-Part-APart-B-IRMAA.pdf and they rely on your doctor to determine medical necessity. They are linked with your supplement and electronically communicate when the supplement owes money. Most supplement pay >80% of their bills within 48 hours, without human intervention.
I'm wondering if it would be better to get a broker from my state or it doesn't matter.
Do different insurance companies pay you different amounts for signing people up, which could therefore influence the company you help guide the person to choose?
They are all pretty much the same. Every state has guidelines the insurance companies must follow on supplement commissions. Usually, insurance company compensation can vary by a percent or two. I pay my licensed staff an hourly rate plus a flat bonus for every application, no matter which plan or which company. That completely eliminates any potential influence from commission levels. Have you seen this video that touches on that subject? ruclips.net/video/eh_RFjGpVo4/видео.html
What is your opinions on retired military members currently using Tri-care prime and about to become medicare age in 2024, concerning about a "medigap" or advantage plan???
Have you seen my video on TRICARE for life and Medicare?
@@MedigapSeminars no, but I will look for it now...
What is the difference between a N plan and a N plus plan , I was checking on AARP insurance first time I saw that.