Medicare Misinformation?
The Medicare “Annual Enrollment Period” (aka AEP) starts on October 15. It runs through December 7.
This is 54 days of Medicare marketing, some of it is straightforward, other bits– not so much.
Every year there are changes to plans, premium, and benefits.
If you’re anywhere near age 65 (or older), you can expect to see ads on TV, social media, news papers, in your mail box and so on. Starting right about now.
There are some sports heroes and actors of yesteryear who will pitch to you, especially on TV.
Buyer beware!
“When it comes to sales pitches about Medicare, there is a lot of incomplete information. And sometimes, total Medicare misinformation.
“Unfortunately, Hall of Fame quarterback Joe Namath seems to be complicit. In a TV ad, Namath tells viewers to “get everything you’re entitled to.”
He names a laundry list of ‘extra’ benefits senior can get “all at no extra cost.” He then urges people to “call the number on your screen now. It’s free.”
What he’s not telling you…
He’s not telling you the cost can be much greater than you might think.
“A couple who buys a Medicare Advantage plan could pay up to $13,400 a year before their new plan pays for anything.”
“It’s too complicated,” says Bonnie Burns, a Medicare consumer advocate.
“No wonder people throw up their hands. That’s why people sign up for an Advantage plan with little or no premium. And find out what the costs really are as they use benefits through the year.”
The Company Joe Namath is Pitching For
It’s my understanding that the number Joe Namath sends you to is not an actual insurance agency. Instead they sell your information to many insurance agents.
These people will then call you. Say 5 agents repeatedly calling you about Medicare. Most of them are likely not local and don’t know which providers are in network with which plans.
How to Deal with Medicare Misinformation – Your Best Bet
Your best bet– is to connect with a local, licensed broker. They know the carriers, the plans, the networks, and the communities. A Medicare Advantage plan might be best for you. Or a Medicare Supplement plan could be better– it really depends on your individual situation.
Local brokers know which carriers & plans have 5 Star ratings. Do you want a free, no obligation, analysis of what are likely to be your best Medicare options?
My advice? Go local.
I help Texans get health insurance. You can read about me here: https://houstonhealthandlife.com/about-me/
