Last year I finally bit the bullet and sold it at a capital loss of $21K
According to Morningstar if you had $100,000 of VBILX on Jan 31, 2020 and you reinvest dividends, today you would have $99,808. A loss of 0.19% (-$192).
We are waiting to hear how the insurance companies and state insurance regulators interpret the Section 1557 of the Inflation Reduction Act legislation that goes in to effect in 2025 that could put the kabash on medicare supplement underwriting all together.This would be good for some people but it will make it more expensive for most.
Whatever Medigap (supplement) insurance company you pick for your Medigap plan check to see how many "closed block of business / closed risk pool" (deadpool) policies the company has.
This is done because the current book of business have people who have become older and therefore have more illnesses meaning more claims (higher loss ratio). Insurance companies close that book and raise the rates to cover the increasing losses. Then, they open a new book with younger, healthier folks and charge a lower premium do to lower claims ratios. After a couple of years, rinse and repeat.
Whatever Medigap (supplement) insurance company you pick for your Medigap plan check to see how many "closed block of business / closed risk pool" (deadpool) policies the company has.
This is done because the current book of business have people who have become older and therefore have more illnesses meaning more claims (higher loss ratio). Insurance companies close that book and raise the rates to cover the increasing losses. Then, they open a new book with younger, healthier folks and charge a lower premium do to lower claims ratios. After a couple of years, rinse and repeat. In most states you will be unable to change supplement insurance companies without medical underwriting. A few states have a birthday rules that allows you to change Medigap plans without medical underwriting around your birthday.
Comments
Post: The bond market
Link to comment from April 10, 2025
Being a value investor in retirement (IRA for 20 years) and holding 50% of US equity portfolio in DFA US CORE EQUITY II (DFQTX).
Post: My Mistakes by Jonathan Clements
Link to comment from February 21, 2025
Is this also try of Medicare Medigap (supplement) insurance? Thanks Plaul
Post: CLUES LEFT BY A KILLER ECHO WIDESPREAD ANGER AT HEALTH INSURERS
Link to comment from December 9, 2024
Is there a “Medical Loss Ratio” for Medicare Advantage plan (Part C)?
Post: CLUES LEFT BY A KILLER ECHO WIDESPREAD ANGER AT HEALTH INSURERS
Link to comment from December 8, 2024
We are waiting to hear how the insurance companies and state insurance regulators interpret the Section 1557 of the Inflation Reduction Act legislation that goes in to effect in 2025 that could put the kabash on medicare supplement underwriting all together.This would be good for some people but it will make it more expensive for most.
Post: The Sickest Patients Are Fleeing Private Medicare Plans—Costing Taxpayers Billions
Link to comment from November 17, 2024
Post: HELP, I Want My Money Back!
Link to comment from November 17, 2024
Whatever Medigap (supplement) insurance company you pick for your Medigap plan check to see how many "closed block of business / closed risk pool" (deadpool) policies the company has. This is done because the current book of business have people who have become older and therefore have more illnesses meaning more claims (higher loss ratio). Insurance companies close that book and raise the rates to cover the increasing losses. Then, they open a new book with younger, healthier folks and charge a lower premium do to lower claims ratios. After a couple of years, rinse and repeat.
Post: Prefer the Original
Link to comment from October 26, 2024
What about using IBIK iShares iBonds TIPS etfs?
Post: Giving Credit
Link to comment from September 14, 2024
Whatever Medigap (supplement) insurance company you pick for your Medigap plan check to see how many "closed block of business / closed risk pool" (deadpool) policies the company has. This is done because the current book of business have people who have become older and therefore have more illnesses meaning more claims (higher loss ratio). Insurance companies close that book and raise the rates to cover the increasing losses. Then, they open a new book with younger, healthier folks and charge a lower premium do to lower claims ratios. After a couple of years, rinse and repeat. In most states you will be unable to change supplement insurance companies without medical underwriting. A few states have a birthday rules that allows you to change Medigap plans without medical underwriting around your birthday.
Post: Medigap pricing question
Link to comment from September 3, 2024
Post: Question of Interest
Link to comment from August 10, 2024