I received the payment coupon for my husband's medical supplement. When I started this process, I was quoted, the monthly payment would be $203.50 for Part F & $41.90 for Part D. However, I am now informed that the monthly payment for Part F is $277.50. I called to investigate why the difference, that 203.50 was just a base price & there were other factors now that increased the rate, which the polite gentleman told me I should have been informed at the time of my application. Since this is really the only supplement for someone under 65, I am going ahead with it...it is cheaper than $660 a month which is what he had. I just thought I would share my experience, so others would know that possibly the price quoted, may not be what it cost in the end.
Yes, I found out NO supplement fees stay the same even in 1 year. We had AARPs program at first; coverage good, some extras like exercise discounts (didn't use), but rate went up every year. Changed to State Farm because converage was same, price less. BUT at each of our birth dates, rates go up. I called to question why rates go up so often, and was told birthdates AND claims. More claims, rate rises. "Underwriters underestimated claims." That shouldn't be my problem, but it is. We're all caught in the web of increasing costs of everything, but as retirees, our income certainly doesn't keep up. And, of course, our savings for retirement has diminished, too. Okay, sorry for the vent. Kadee's fault; she got me started. lol
My monthly fee for AARP is 165.43 oprox. I am 72. Maybe there is a more expensive plan for under 65. It goes up every year also but my husband has Mutual of Omaha and it goes up every year also and costs more than the AARP. I don't want to change companies in mid stream. Our part D is about the same as yours and we have Humana. Don't want to bother that either. I sold our truck this week and talking with our Insurance Agent he removed it from our policy but said he didn't want to remove Paul because any time you submitted a change the Company wants to know WHY. He said our premium would not be extra with him still on it. He no longer drives.
Imohr...I called our ins. agency because DH did not renew his drivers license to remove him from the policy. I was advised to leave him listed on the policy because questions would be asked. Funny....He worked for that Company until he retired and originally wrote the policy.
Wow, what's the deal with the insurance companies and removing an insured??? As you may know, we are just now tackling the "you cannot drive" topic at our house and I've not done anything about the insurance. Guess I better not...
My son is out of the country (S. Korea) for a year and my car insurance agent said to take him off the policy while he was gone since we are positive he won't be driving the car :) Maybe the agents don't want to take off your LOs because the reason would be ALZ and they don't want it on your records???
When DH stopped driving, I went to see my insurance agent. He already knew DH had ALZ. But it was no problem taking him off the policy and my premium was also reduced since there is only one driver. There were no questions asked about AD or anything - just dropped him from the policy.
When I spoke to my Insurance Agent about taking my husband off, he also said, not to change anything, too many questions ask. The rates would be the same no matter if he was on it or not. So I left him on. I am sure AARP is more due to my husband being 58. However, I have no choice, since AARP is the only provider in my state for under 65. I just wish they informed me that what I was quoted was the base price & it could be more. Learned a valuable lesson ask more questions.
Based on Vickie's experience of lower rate for fewer drivers, makes me wonder if that might be reason for agents to discourage one from dropping spice.
Weejun, every state is different (like everything else!); but you could be right. Agents' commissions come from premium payments. We personally have known our agent for many years = so no questions, and rate reduced.
When my wife stopped driving I dropped her from the policy with no problem. Then I sold her car and dropped it. Again, no problem. Recently I changed the deductibles on auto and home owners (increased, to decrease the premiums) with no problem. The agent said lots of people were doing that due to the economy. Maybe agents in Maine are more honest.
Why do you have to say they don't drive because of AD? If that is it, I would just say they no longer want to drive. Why do they need a reason to drop a driver?
Marsh, could it be that you are a male. I think the reason was on my policy was that when changes are made they look at the situation. I am 81 and they might think I would be a bigger risk to have an accident because of age. Don't want to rock that boat.
I think each particular company has different regulations in different states. I trust my Agent completely. My husband was also an Insurance Agent and wrote our original policy years ago then sold our Agency to the present owner. Insurance Companies tend to look harder at certain things in the states where they are having a lot of claims. Example floods, hurricanes, teenagers etc. Agents used to be penalized for having too many "certain" type claims. Anyway, my husband has never wanted to change Insurance Companies because he said there was always a greater risk of being cancelled. Here in WV there were a lot of suspicious Church Fires and several companies stopped writing Insurance on Churches.
I was also told to leave my husband on the auto insurance--didn't get a reason from the agent. I figured that while he is still able to grab the keys and drive, that would be the safest anyway (unlikely, but it did happen once). I'm thinking of changing insurance agents and will readdress it then.
I had no problem with having my DH taken off the auto policy when he could no longer get a drivers' license. In fact, it was scheduled to go up because he had met a "critical birthday", age 65 and with him off it didn't go up. However, when we sold his pickup and took it off the policy the premium actually went UP because we no longer had the multi-vehicle discount. Go Figure! We are with Hartford through AARP.