Health Insurance Now !

The PP&AC Act brings with it many new laws, some of which have already taken effect, while others will do so in the future. Many Americans are still oblivious to what all these new laws mean and the changes that will come as a result. Those Americans that are the most confused and concerned are senior citizens because the PP&AC will greatly affect health care issues very important to them, such as Medicare. This confusion and concern leaves seniors vulnerable to many types of scams by devious individuals who are looking at taking advantage of the situation.

Shortly after President Obama signed the PP&AC Act into law, there was a cable television advertisement that told viewers to call an 800 number to take advantage of a “limited enrollment” period to get special coverage that is now entitled to them by the passage of health care reform. There are also several news articles going around reporting that there are door-to-door salespeople going around selling “Obamacare” insurance policies.

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.

Of course there are numerous areas of the bill that will be exploited so prepare to see all manner of exploits. To verify any offer received by your clients, one of the best ways to do so is to call your state insurance department and see if the entity offering the deal to your client is licensed to do business in your state. If you come across any scams, we encourage you to let the department of insurance know and spread the word 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.