Top

Federal Govt. Sets Rules For Selling Medicare Plans

September 16, 2008

The federal government announced new rules on Monday for insurance agents selling Medicare Advantage plans.  The idea is to protect senior citizens from sales tactics being used....Washington (dbTechno) - The federal government announced new rules on Monday for insurance agents selling Medicare Advantage plans.  The idea is to protect senior citizens from sales tactics being used.

Insurance agents have been known in the past to be deceptive, and put a great deal of pressure on senior citizens when selling these Medicare Advantage plans.

This is changing though, as the new rules aim to protect seniors from these situattions.

The new rules were issued by the U.S. Centers for Medicare and Medicaid Services.

The two biggest additions include telemarketing, and door-to-door sales no longer being allowed in any way.

They also stop agents from moving senior citizens to different plans just to get more commission.

The new rules will go into effect on October 1st.

Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Digg
  • del.icio.us
  • Netvouz
  • DZone
  • ThisNext
  • MisterWong
  • Wists

Comments


All comments are moderated.
If your comment is approved, it will be posted within 24 hours





Breaking News

Scientists Sequence Genome Of Extinct Wooly Mammoth

Washington (dbTechno) - Scientists have come out and stated that they have managed to sequence the genome of the extinct... 

November 20, 2008 |

Case Of MySpace Cyber-Bullying, Suicide Opens In U.S.

Washington (dbTechno) - 49-year old Lori Drew is on trial after posing as a boy on the social-networking site MySpace, and... 

November 20, 2008 |

Astronauts Work On System To Turn Urine Into Drinking Water

Boston (dbTechno) - Astronauts are hard at work on the International Space Station as they are trying to set up a system... 

November 20, 2008 |

Bottom