Deceptive marketing strategies that do not make a clear distinction between Medicare and Medicare Advantage
* Go to older uninformed people in low-income areas by aggressive agents with difficult selling techniques.
* Outsourcing of customer service to call centers abroad whose employees have less knowledge about the complex Medicare system. Many experts believe that now is the best time to register. There may be fewer plans with zero additional cost on your Part B premium in the future and premiums are increasing. With Medicare Advantage, you often pay lower copayments and get additional benefits, such as hospital overtime coverage, vision, dentistry, hearing and prevention services, such as annual exams and emergency travel coverage or even Fitness programs. It is definitely worth checking out the Medicare Advantage plan options available to you. Think you may need Medicare Advantage plans 2020? Get quotes by visiting http://www.medicareadvantageplans2020.org
Medicare drug plans are designed to reduce drug costs for subscribers and protect them against catastrophic drug costs. However, there is a monthly cost for these plans. In addition to a monthly premium, the covered individual must pay a percentage of the cost of the drug (or co-payment) and Medicare pays part of the cost. The costs of a plan vary depending on the medications taken and the type of plan selected. At a minimum, available plans must provide a “standard” level of coverage.
By 2010, a standard prescription drug plan will have the following costs:
- A monthly premium that varies from approximately $24 per month to more than $ 100, depending on the plan selected and the medications taken.
- An annual deductible equivalent to the first $310 in prescription drugs.
As MA plans are available, they have become a popular alternative to Original Medicare. In 2010 alone, approximately 25% of all Medicare beneficiaries were enrolled in Medicare Advantage plans. With an initial enrollment of 5.3 million, subscribers have more than doubled and numbers still increase every year. Medicare Advantage plans are a type of health insurance plan sold by private insurance companies. The plans are associated with Medicare. It seems that older people across the country have been tricked into enrolling in their Medicare benefits by enrolling in the Medicare Plan. In some cases, the elderly did not understand how Medicare plans worked, and in others, they did not even know that insurance agents had enrolled them in the plan. Insurance companies that sell these plans have been accused of several bad practices, including: