Posted at Hartmann Report on Jun. 14, 2022
How Medicare Advantage Scammers Get Away With It
Buying a Medicare Advantage policy is a leap in the dark, and the federal government generally is not there to catch you: forewarned is forearmed.
In my multiple writings on the Medicare Advantage scam, the most common two responses I get (besides, “Thanks, you may have saved my life!”) are, “I’ve never had a problem with my Advantage plan,” and “If it’s so bad, how come so few people are saying so?”
Both are honest, good-faith questions and highlight how easy it is for insurance companies to get away with their Medicare Advantage scams. The answer to both boils down to the unique nature of insurance being the only “product” we buy where we have no idea if it’s any good until something bad happens — which can take years.
Every state in the union has an insurance commissioner. But why?