What is new with Medicare, you ask?

by Michael on January 20, 2009

in Accident Insurance,College Planning,Health insurance,life insurance,Medicare,Prescriptions

Medicare Advantage season was over before it began, so far as I was concerned, as the Annual Enrollment Period runs from November 15th to December 31st and the regulations got pulled on November 14th. Lots of issues over commissions and the like with certain ones acting like we insurance agents are getting rich selling this stuff. Nothing could be further from the truth. We have hours and hours invested EVERY year to certify to enroll people during the current season. Nothing else in the industry, that I know of approaches this level of time investment by the agent, with so little compensation. No one pays for our time to do this. And then the restrictions on marketing get more and more restrictive. And as for commissions, no one is getting rich here. They could only be described as low to very low – especially when you consider what a person goes through to offer them.

And as irritated as I am, personally, by all of this, I think Seniors should be even more irritated. Rules and rules and more rules – with notices after notices that no one is going to take the time to read, much less know what it means.

I have my doubts that these plans will continue for very much longer, at least not without serious changes.

Having said this, it is to be acknowledged that there are definite advantages to these types of plans – for some consumers, but how anyone finds out without talking to someone – like myself – who will tell them the truth – about all plans available, not just the ones you can sign up for at the drug store or some major retailer, I have no idea.

Every person is different, and which plan is best for them depends on unique circumstances. But plans made available in major retailers – usually is contractually limited to one or two plans, and in addition to this obvious issue that is not in the consumer’s best interest … ask the agent how long he/she has been licensed. In most cases, not long.

I have been working with Medicare Supplements for over 30 years. I believe that some people are best served by Medicare Advantage products (in spite of all the hassles), but many – if not most – are best served by traditional products.

I can help you, but due to all the regulation, I need you to ask me. I will guide you through it.

And keep in mind that CA has a rule that allows you to, in many cases, switch Medicare Supplement plans without underwriting 30 days from your birthday.

So if you have a birthday coming up – why not let me offer you my services? It won’t cost you anything – and likely will save you money.

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