With the passage of the PP&AC Act comes many new laws, so many in fact that most American still know little about them and are confused about what it all means to them. One segment of the American population to be most confused and concerned about the changes affecting them are senior citizens. And where there is confusion you will always find devious individuals who will try to profit from that confusion.
Immediately after the PP&AC Act was signed into law by President Obama, many new scams started to appear. According to several news sources, there are people going around posing as door-to-door salespeople selling “Obamacare” insurance policies to seniors. Additionally, a cable television advertisement aired recently that stated viewers could call an 800 number to take advantage of a limited enrollment period to get “special” coverage. What the advertisement doesn’t state is that this “special” coverage offers coverage that is now entitled to citizens under the PP&AC Act.
Combine confusion about the new laws and the fear generated by the worst economy since the depression and you have a perfect mix for scammers to take advantage of consumers, especially senior citizens. As agents, we encourage you to talk to your clients and tell them to beware of any potential offers they receive in relation to their health care. This also means you’ll have to stay abreast of the latest scams as well. Here are some areas of the Act that could potentially be exploited:
The $250 prescription drug rebate for Part D – scammers may offer expedited payment for a price.
The creation of Plan B – federal and state governments have 90 days to create this program, but scammers may likely start selling policies for this Plan B though it won’t exist for quite awhile.
The $250 prescription drug rebate for Part D – scammers may offer expedited payment for a price.
As more details of health care reform come out, there may be more areas that could be exploited, so continue to be on the lookout. The best way to verify the legitimacy of any offer received by your clients is to call your state department of insurance and see if the organization or person offering the deal is licensed to do business in your state. Once you verify a scam, report it to authorities and your state’s DOI, and then spread the news as much as possible. Stay vigilant my friends.
Want to find out more about medicare supplements? Then visit Alex Stone’s site on how to choose the best medicare supplement for your needs.
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