http://www.healthinsurancecolorado.net/blog1/2006/10/02/ask-your-agent-if-this-is-a-push-week/ Research and discussion of the Colorado health insurance industry and the healthcare crisis in America. Tue, 16 Mar 2010 22:14:50 +0000 http://wordpress.org/?v=abc hourly 1 http://www.healthinsurancecolorado.net/blog1/2006/10/02/ask-your-agent-if-this-is-a-push-week/comment-page-1/#comment-1460 Mark Tue, 23 Jan 2007 03:52:13 +0000 http://insuranceshoppers.net/blog1/2006/10/02/ask-your-agent-if-this-is-a-push-week/#comment-1460 You couldnt have explained it better, other to say that someone with no conscience and a bit of greed can make a heck of alot of money working for Mega/Mid-West NASE/ALLIANCE. I pulled some time with them in NC and the set-up is the same. It's amazing that what I saw was the regional manager hire people before they even had licenses....with the promise of wealth when they got licensed. Mis-representing the product was common because of a new agents lack of knowledge. Customers buy because of all the good features of these plans (ie price) but the insufficient parts of the plans could bankrupt someone as quick as if they didnt have health insurance at all. The local mantra at the weekly "sales" meetings was "well if they buy it, it's better than not having anything at all". This is true, but just think of all the customers who had great health plans that buy into these everyday because they can save $100-$200 a month. It's a shame the Gallegos out in LA County cant bankrupt them.... You couldnt have explained it better, other to say that someone with no conscience and a bit of greed can make a heck of alot of money working for Mega/Mid-West NASE/ALLIANCE. I pulled some time with them in NC and the set-up is the same. It’s amazing that what I saw was the regional manager hire people before they even had licenses….with the promise of wealth when they got licensed. Mis-representing the product was common because of a new agents lack of knowledge. Customers buy because of all the good features of these plans (ie price) but the insufficient parts of the plans could bankrupt someone as quick as if they didnt have health insurance at all. The local mantra at the weekly “sales” meetings was “well if they buy it, it’s better than not having anything at all”. This is true, but just think of all the customers who had great health plans that buy into these everyday because they can save $100-$200 a month. It’s a shame the Gallegos out in LA County cant bankrupt them….

]]> http://www.healthinsurancecolorado.net/blog1/2006/10/02/ask-your-agent-if-this-is-a-push-week/comment-page-1/#comment-247 Colorado Health Insurance Insider » How To Save on Health Insurance in Colorado Wed, 29 Nov 2006 03:44:52 +0000 http://insuranceshoppers.net/blog1/2006/10/02/ask-your-agent-if-this-is-a-push-week/#comment-247 [...] Most importantly, make sure there is a limit on the coinsurance.  Companies like MEGA Life and Health or Mid-West National have an option to cap the coinsurance, called the “Accumulated Covered Expense” (ACE) Rider.  Even when the option is selected, it can leave you with an extra $15,000 to $20,000 financial exposure - way too much for what they charge for a policy like that.  [...] [...] Most importantly, make sure there is a limit on the coinsurance.  Companies like MEGA Life and Health or Mid-West National have an option to cap the coinsurance, called the “Accumulated Covered Expense” (ACE) Rider.  Even when the option is selected, it can leave you with an extra $15,000 to $20,000 financial exposure – way too much for what they charge for a policy like that.  [...]

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