Tag: Persistency
Medigap Persistency Data Reported by Medicare Supplement Insurance Association
Seniors who purchase Medicare Supplement (Medigap) coverage appear to be satisfied with their plan choice according to a study just conducted by the American Association for Medicare Supplement Insurance (AAMSI). “Medigap persistency is a measure of plan satisfaction,” says Jesse Slome, director of the organization. AAMSI surveyed independent Medicare insurance agents who have been selling Medigap plans for 5 years or longer. The several hundred agents participating in the study shared that 53% of their Medigap policies remained on the books for 9 years or longer. Some 41% had a persistency of between 5 and 7 years. “There’s so much ... Read more