Hi, I am seeing more insurance companies offer Medigap plans close their book of business when their premiums no longer remain competitive and then open a new book under a new subsidiary name and start the process over.
This practice may look good from a company's financial point of view, but the plan member that cant get thru underwriting (to switch plans/companies) may not share that same enthusiasm.
Some states have implemented the 'birthday rule' to give Medigap plan members the right to change plans without going thru underwriting either in the 30-day window before/after their b
Source of insurance-forums.net
This practice may look good from a company's financial point of view, but the plan member that cant get thru underwriting (to switch plans/companies) may not share that same enthusiasm.
Some states have implemented the 'birthday rule' to give Medigap plan members the right to change plans without going thru underwriting either in the 30-day window before/after their b
Comments
Post a Comment