Run run run! If an agent calls and says they have to see you in your home/office/meetup place, don't buy anything. Leave you checkbook/credit card at home. They will make it sound like the best piece of chocolate pie on the planet and you have to buy it now. Heck don't set the appointment. Tell them you are not interested and get some real insurance.
AGENTS / CAREER PEOPLE: Do not allow any of these guys talk you into signing on with their company unless you plan on using them for training purposes to further your career in the health insurance sales industry! That's what some of us brokers did. You will learn what to say to the client and how to say it. You will learn how to call all day to set an appointment, of course once you drive to the house you could get stood up! Do yourself a favor and sell from a name you know, a name you can trust. Sell from your home over the phone and know that the insurance you sell will pay. Oh and another thing the divisional managers will tell you it will cost $250 or more to contract with Mega. No other company out there charges that amount to sell for them. That $250 goes to District managers, Divisional leaders and regional directors. Only $75 goes to the company. It is crazy the amount of money that flows through the doors. It is a revolving door of agents promised to make 6 figures only to be let down on their $250 investment.
Do your homework! Look on the state's department of insurance website. Look for complaints. Mega has a lot and last year they did not sell as much as previous years. Every company has complaints, Mega tries to not let their's get to the state level. Their policy is not major medical. It does not cover doctor visits/annual physicals unless you add it to the plan, which cost a lot of money. They say they are in self-employed market! Really? Aren't all insurance companies in the self-employed market! And The deductible is a per accident, per illness, per injury deductible and could be meet three times in one year by one person! Omg! That is ridiculous. If you choose the $3500 deductible plan and you are hospitalized for an injury that is $3500 you pay first (not including the coinsurance) and then four months later you are hospitalized for another injury, not related to the first one, you will pay another $3500 (not including coinsurance). That's right! Read the policy. READ all policies before buying or selling, ask yourself, Would I sell this to my parents? My grandmother? I would have never in a million years sold the Mega plan to anyone in my family. I was actually embarrassed to tell my self-employed uncle that I sold Mega. He laughed and said "Get out of that company and sell the real stuff."
I hope this helps anyone wanting to buy or sell these products.
0 comments