Ritter Insurance Marketing

Posted in Medicare Supplement, Medigap Modernization | 7 Comments

7 Responses

1. on June 28, 2009 at 1:52 pm | Reply Craig

   All:

   I don’t see anything new in Section 16 (page 24). The MA compensation was modeled after the Medigap NAIC compensation model. That’s why they look similar.

   Craig

   
   
2. on June 25, 2009 at 1:22 pm | Reply Phil

   After reading more closely, Jeff is right. A flat commission schedule works. Personally, I was hoping last year for a flat MAPD commission schedule of about $275, which would have made alot more sense than this fiasco we have now.

   
   
3. on June 25, 2009 at 12:46 pm | Reply Jeff

   I read the section 16 part A. which talks about commissions to be paid. It states that commissions will be paid only if the first year commissions were not more than 200% of second year and subsequent years of commissions. I don’t see this a problem. The only med supps I am currently selling are AARP supps and the commission is the same for the first year through year six.

   
   
4. on June 23, 2009 at 7:51 pm | Reply Medicare Supplement Plan N

   I’m reading documents and it seems that under Medigap Plan N consumers will have to pay the $135 deductible then they will have a Co-Pay of up to $20 (Or the lesser of the Medicare part B coinsurance). pgs. 18823, 18832

   If this is accurate these plans will have less impact then previously anticipated.

   If anyone want to correct of concur I’d appreciate any feedback.

   Joe

   
   
   • on June 25, 2009 at 11:54 pm | Reply shaff1263

     Joe,

     I concur. Plan N will almost be like a Medicare Advantage plan without the network restrictions.

     
     
5. on June 23, 2009 at 12:23 pm | Reply Chad Hamilton

   Craig,
   On page 24 like Phil said it sounds similar to the wording on MA comps. Do you think this is going to go the way of MA? (lower comps, replacements lower yet?) Do you feel we are going to go into June 2010 not knowing what we are going to be paid (like MA) or only to find out the figure is substantially lower?
   Any word from companies is regards to my concerns?
   Also towards the end it mentions regs on advertising. Knowing what you know are the new regs different from what we currently have and how do you feel it may inpact our marketing abilities?
   After the problems with MA over the past year like you I have a whole new layer of skeptism.

   
   
6. on June 22, 2009 at 5:07 pm | Reply Phil

   Read page 24. Here comes regs for Med Supp commissions just like MA. Next will be caps on annuity commissions, etc.