My comment about low risk refers to the insurance company's risk and only applies to supplement plans. Supplement plans are different from Advantage plans. For supplement plans, the insurance company uses historical Medicare claims data to price the plan. They depend entirely on Government to evaluate and validate the claims before they will pay any benefits. When it comes to any insurance, I would rather self insure myself if I can afford to do so, but some people may need the insurance. Maybe I watch too much television, but I sure see a lot of ads for Medicare supplement plans. These ads seem to imply that you are getting more coverage, when, in fact, they are only providing the co-pay for claims that are approved by the Government.
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