We’ve all seen the splashy TV commercials with Joe Namath or William Shatner promising you the world if you call a 1-800 number and opt for the Medicare Advantage plan they are hawking: Free meals, free gym memberships, free dental coverage and a bunch of other goodies that Original Medicare doesn’t cover.
The problem is, while these blasts from the past are getting paid millions for promoting a Medicare Advantage plan they never tell you the name of, many of the promises are too good to be true.
As a result of so many people being duped, the Centers for Medicare and Medicaid Services recently finalized regulations that are aimed at cracking down on misleading marketing “schemes” by health insurance companies that offer Medicare Advantage plans. New Rules Aim to Rein in Deceptive Medicare Advantage Advertising