What it Covers?
- Biden Government has banned misleading ads for Medicare Advantage Plans.
- Advertisement Target- The elder Americans. The ad was powerful enough to allow people to sign up for plans without heeding the cover for doctors and prescriptions.
- Centers for Medicare and Medicaid Services said that they would ban the kind of ads that had confusing words, images, and logos.
The latest regulation issued: Has to mention a health insurance plan by name; otherwise, the adverts would be taken down/redacted. - Privately-run versions of the Medicare Program for 65-plus folks or people with disabilities.
- Close to ½ of the Medicare People- converting to Medicare Advantage Plans. The figure comes to be about 28 million.
The federal agency on Wednesday sanctioned regulations establishing new wait-time standards for mental health providers that are in-network for Medicare Advantage plans.
These standards allow space for the applicants to access mental health-care appointments within 10 days.
Administrator Chiquita Brooks-LaSure stated that the proposed rule “takes important steps to hold Medicare Advantage plans accountable for providing high quality coverage and care to enrollees.”
Medicare Advantage Plan is essentially an added benefit provided to people over the medical coverage or insurance that one usually is privy and entitled to.
Many Americans do not opt for Medicover because of its steep costs. However, insurance, especially health insurance, should cover all accidents and mishaps of different intensities.
About 6% of non-Hispanic whites were uninsured, according to the data, which was collected from July 27 through Aug. 8. The same was the case for 9.2% of non-Hispanic Black individuals and 17.1% of Hispanics. The estimates, calculated by U.S. News, are based on data from respondents whose insurance status was unknown.
These facts and figures were last updated on 8th September 2022.
The Senate Finance Committee Democrat leaders disentangled an investigative report in the previous month. It showed that many states also reported an increase in complaints about deceptive marketing schemes in 2021.
The deceptive marketing schemes bewilder individuals and end up coning them.
The committee’s investigation found that older adults in Ohio, for example, were sent emails resembling federal government tax forms promising more extensive Social Security checks if they enrolled in a new Medicare Advantage plan. The lengths to which people can go to achieve their goal is astounding.
Nationwide TV commercials featuring celebrities have also misled some customers by telling viewers they can get “money back to your Social Security check” but forgot to mention that the plans they were selling vary by ZIP code or don’t cover all providers.
Surveys show that household income is another deciding factor in claiming medical insurance. Advertisements are standard fodder for households. The viewing and engagement rates of advertisements have also demonstrated stark changes.
Advertisements have taken a new birth in this digital age- the landscape of ads making it susceptible to scams.