Quote:
Originally Posted by retiredguy123
An advantage plan is Medicare Part C. It replaces and covers most things that Part B (doctor visits and surgery) and Part D (drugs) cover. Part A is hospitalization.
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As Paul Harvey used to say "and now you know the rest of the story"
Why do you think you see all of these Medicare part C plan commercials… And where do you think the money comes from to pay for all of these commercials you see? It's because they are extremely profitable to the insurance company… At the expense of you.
As an investor I have seen their business model. they put a tremendous amount of money into advertisement with the sole purpose of getting as many people on the plan as they can. They then package these as investment portfolios that are bought and sold.
They make it sound very lucrative to the potential buyer of the insurance. They exploit the notion many older people especially those of conservative ilk believe that the government is bad and private industry is good.
These Medicare part C plans everybody seems to think is such a great deal because they have been duped into thinking it saves them so much money. Actually is a borderline scam. They are not concerned at all that physicians will not take them because that is not what they're about. They are all about getting money from you and then turning around and providing the most restrictive coverages they can.