Medicare Advantage Plans

I know you have seen those Medicare Advantage plans on TV…..I have written what I think about these plans…in short a con job to separate seniors from their money….

Those MediCare Advantage Plans

It appears that Congress will attempt to investigate these scams….

The Biden administration on Wednesday proposed a ban on misleading ads for Medicare Advantage plans that have targeted older Americans and, in some cases, persuaded them to sign up for plans that don’t cover their doctors or prescriptions. The rule, proposed by the Centers for Medicare and Medicaid Services, would prohibit ads that market Medicare Advantage plans with confusing words, imagery, or logos. The rule also would ban ads that don’t specifically mention a health insurance plan by name, the AP reports.

It’s an aggressive step to tackle a growing problem in the Medicare Advantage marketplace, a booming business that offers privately run versions of the government’s Medicare program for people who are 65 and older or have disabilities. Nearly half of all Medicare enrollees—about 28 million—are now turning to Medicare Advantage plans. And some have been deceived by television commercials, online ads, and mailers put out by the marketing agencies and brokers that some insurers have hired to win over customers. The proposed rule “takes important steps to hold Medicare Advantage plans accountable for providing high quality coverage and care to enrollees,” said agency Administrator Chiquita Brooks-LaSure in a statement.

The problem has become so pervasive that CMS agents have been secretly shopping for plans by calling the phone numbers in advertisements, finding in some cases that brokers have overstated the benefits that enrollees would get and the money they would save in the new plans. Democrats on the Senate Finance Committee released an investigative report last month showing that several states also reported an increase in complaints about deceptive marketing schemes in 2021. “These proposals are an important step towards protecting seniors in Medicare from scammers and unscrupulous insurance companies and brokers,” the committee’s chairman, Democratic Sen. Ron Wyden, said in a statement on Wednesday.

Will this put a stop to these types of scams or is it just going through the motions to look like the government actually cares?

Whatcha think?

I Read, I Write, You Know

“lego ergo scribo”

Advertisement

4 thoughts on “Medicare Advantage Plans

  1. I’m so happy to hear this. Those ads are misleading. Out of curiosity, I called one, and it was a hard sell for an insurance company who charged more than what Medicare charges for Part B. Then, they called me twice a month for the next 5 months.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.