Isn't it suspicious that Medicare Advantage plans offer gift cards and incentives to enroll?
Answered by 8 licensed agents
They are not allowed to offer incentives to induce enrollments. I advise prospects and clients to be wary of offers like this.
Answered by Joseph Meyers on April 7, 2025
Broker Licensed in MI & TN
There are rules in this area which are found on Medicare.gov. For example, if you attend an educational event, whomever is the host cannot specify names of ANY insurance companies that she/he is appointed with. AND by the same token, a gift card cannot be handed out as THAT IS ILLEGAL since that is considered to be "cash"! BUT, she/he can have light snacks available at a single event as long as it does not cost more than $15.00 per attendee. Anything valued more than that can cause a fine to be levied and a refresher course to be given to the agent.
I don’t see it as suspicious. Some plans offer additional extra benefits but these shouldn’t be used as incentives to sell or for a client to buy. Different plans may offer different things to set them apart from other carriers but your decision on which plan to purchase should never be the reason to but that plan but to pick a plan that best fits your personal medical needs.
Answered by Steve Houchens on April 10, 2025
Agent Licensed in KY & TN
Medicare advantage plans don't offer incentives to enroll. While there are a wide variety of plans out there, Health Insurance companies are just trying to encourage recipients to utilize their insurance to support good health Maintenance. All Medicare advantages are different and may cater to areas differently. All Medicare advantages are different and may offer additional benefits based on financial eligibility. Low-income recipients may be eligible for more benefits, than a recipient who is not classified as low-income.
Enrolling in a Medicare Advantage plan offers incentives because Medicare is big business. Remember, all Advantage plans must provide the same coverage that Original Medicare covers and usually have many "extra" benefits. It's just a different model for administering Medicare.
Answered by Steve Brauer on April 14, 2025
Broker Licensed in AZ & CA
Yes, it can be suspicious While legitimate Medicare Advantage plans may offer some extra benefits, such as flex cards for certain expenses, it's crucial to be aware of potential scams and misleading marketing tactics.
Answered by Vachik Chakhbazian on April 17, 2025
Agent Licensed in CA, AL, AR & 22 other states
All Medicare Advantage plans have to submit to CMS all extra benefits and incentives they plan to offer to all potential enrollees. They will not discriminate who gets these benefits.
Answered by Kelly Linster on April 10, 2025
Agent Licensed in ND, AZ, CO, IA & SD
The question begins with an improper premise.
Labyrinth plans may have a reward for caring for your health.
But I do not see plans giving enticements of gift cards to enroll.
Answered by Daniel Maisel on April 10, 2025
Broker Licensed in CA, AZ, MI & NV, OH, TN & WA
Tags:
Advice for Seniors
Medicare Advantage
The Medicare System
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