Quote:
Originally Posted by eweissenbach
AARP does not "advertise for insurance products". They use their massive membership to negotiate rates and provisions for their benefit. The New York Life plans offered through AARP are not offered through any other venue, they were specifically developed with input from AARP. You can belong to any organization you care to, but I think the political objections to AARP are overly reactionary. Interesting that several people say they like the AARP insurance programs (which were negotiated on members behalf) but don't like AARP. As they say - membership has its privileges.
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Does not advertise for insurance products??
"According to AARP's 2008 Consolidated financials, it was paid
$652,000,000 in royalties from insurance companies that sold products referred by AARP.
AARP also received
an additional $120,000,000 for the advertisements placed in its publications."
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Health insurance
Approximately seven million people have AARP branded health insurance, including drug coverage and Medigap, as of April 2007 and
AARP earns more income from selling insurance to members than it does from membership dues.
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AARP will likely become the largest source of health insurance for Medicare recipients, and AARP estimates the new products will increase its health insurance customers to 14 million by 2014.
AARP is not an insurer and does not pay insurance claims.
Instead, AARP allows its name to be used by insurance companies in the sale of insurance products, for which it is paid a commission like an insurance agent.
Senator Charles E. Grassley... Senate Finance Committee, said in 2008 that the "limited benefit" insurance plans offered by AARP through UnitedHealth
provided inadequate coverage and were marketed deceptively. One plan offered $5,000 for surgery that may cost two or three times that amount.......
AARP - Wikipedia, the free encyclopedia AARP - Wikipedia, the free encyclopedia