Colorado S.E.P. for Plan F

Update on November 20, 2021: Colorado has created a unique Special Election Period for January 1 through June 30, 2021. Update from 11-13-2020: "The state of Colorado recently revised the date applications can be submitted for the SEP. You may now submit applications for the SEP 60 days prior to January 1, 2021." All insurance carriers have begun sending the notice of this opportunity to all of their policyholders spelling out this opportunity. See carrier example letter here See GPM notice to agents here This affects those on Medicare Supplement Plan F or Plan C, or High Deductible Plan F. "Current policyholders of a Medicare Supplement Policy Plan C may utilize the special enrollment period to enroll in a Medicare Supplement Policy Plan D, without underwriting, with either their current insurer or a different insurer. D. Current policyholders of a Medicare Supplement Policy Plan F may utilize the special enrollment period to enroll in a Medicare Supplement Policy Plan G without underwriting, with either their current insurer or a different insurer. E. Current policyholders of a high deductible Medicare Supplement Policy Plan F may utilize the special enrollment period to enroll in a high deductible Medicare Supplement Policy Plan G without underwriting, with either their current insurer or a different insurer." See the state law with Reg 4-3-3 Concerning 2020 Medicare Supplement Policy Changes and Establishing a Special Enrollment Period 2-1-2020. Are all policyholders on Plan F getting a letter saying that they can switch to Plan G with GI rights? – Yes, see document above that outlines this. Section 5-K. Insurers need to provide notice to policyholders no less than 60 days prior to the start of the SEP. Do they have to wait until January to switch via GI and if they chose to do so? - Yes, the SEP does not start until Jan. 1st. Section 5-B, does it have to be with the same company or can it be Plan G with any company? – They can switch from carrier to carrier, it does not have to be with the same carrier. Section 5-C. And do we the agent get paid full comp? – The comp will be paid according to how the carrier pays GI comp. Most carriers in CO pay full comp on GI, see below. I can’t find a carrier that doesn’t pay full comp on GI. (Colorado law specifics that G.I. cases must be paid at full compensation - some carriers like Manhattan Life have had to be reminded of this fact. ) MOO Street: Full comp on GI but lower if it is an affiliate conversion. (TIP - put them with a different carrier then where they are now, if you can.) Aetna: GI pays the same CIGNA: They don’t separate GI:

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