Medicare Rules Target Agents Selling Private Health Insurance

Boston (dbTechno) - A new federal rule has been proposed by the U.S. Centers for Medicare and Medicaid Services which targets agents selling private health insurance plans to the elderly and disabled. The new rule will make it harder to force those eligible for Medicare into things they really do not need.

The new federal rule would ban agents from trying to convince the elderly and disabled into Medicare Advantage plans and other private insurance plans they don’t need or want.

It has been noted that in cases in the past, agents have been using false information to sign people up for comprehensive health insurance. In a few cases it was noted that people did not even know they were being enrolled.

Back in 2003, a law created the Medicare Advantage program, which allowed companies to sell private plans to beneficiaries.

Since then, agents have been marketing the plans very aggressively, and it has finally caught up to them.

The new rule will change the way commissions are paid to sales agents so that agents are not trying to sign people up for new plans each and every year.

The hope is that the federal oversight of Medicare Advantage marketing activities will lead to people getting the best plan based on their needs alone.