Do you watch Medicare Advantage commercials on TV?
Opinions expressed are those of the author. Co-Founder of Elite Insurance Partners, a Medicare learning resource center for all Medicare beneficiaries. If you've ever watched cable television during Medicare's annual enrollment period, you've probably noticed a bounty of commercials for Medicare Advantage plans.
Why are there so many Medicare Advantage ads for retired athletes?
Those who are aware of other supplemental Medicare options, including Medigap plans, might wonder why there are so many advertisements for Advantage plans. Why aren't retired athletes promoting Medigap plans instead? The answer lies primarily in the way Advantage plans get funding.
What does Joe Namath’s Medicare commercials on TV mean?
Every fall, you may notice countless Medicare commercials on TV, some featuring retired NFL quarterback, Joe Namath. The advertisements in which Namath appears are for Medicare Advantage plans. It’s important for beneficiaries to know the truth behind the advertising.
Why are Medicare Advantage plans so advertised?
Advantage plans are heavily advertised because of how they are funded. These plans' premiums are low or nonexistent because Medicare pays the carrier whenever someone enrolls. It benefits insurance companies to encourage enrollment in Advantage plans because of the money they receive from Medicare.
Why are there so many Medicare commercials on TV now?
0:123:43Why Are There So Many Medicare Commercials??? - YouTubeYouTubeStart of suggested clipEnd of suggested clipAnd the reason for this is because medicare advantage plans are much more lucrative for insurance.MoreAnd the reason for this is because medicare advantage plans are much more lucrative for insurance.
Why are we still seeing Medicare Advantage commercials?
Advantage plans are heavily advertised because of how they are funded. These plans' premiums are low or nonexistent because Medicare pays the carrier whenever someone enrolls. It benefits insurance companies to encourage enrollment in Advantage plans because of the money they receive from Medicare.
What football player does Medicare commercial?
Joe NamathJoseph William Namath (/ˈneɪməθ/; NAY-meth; born May 31, 1943) is a former American football quarterback who played in the American Football League (AFL) and National Football League (NFL) for 13 seasons, primarily with the New York Jets.
Who is behind all the Medicare commercials?
The commercials, said "Friends Talk Money" co-host Terry Savage, a syndicated personal finance columnist and author and Medicare expert, promote their one-stop shopping and potential money savings.
Are the Medicare ads ever going to stop?
–Not Quite Yet! The brief December respite from Medicare Advantage Plan TV commercials is over. Starting January 1, Medicare Advantage insurance plans have until March 31 to convince current plan users to switch between Medicare Advantage Plan companies.
What are the negatives of a Medicare Advantage plan?
Medicare Advantage can become expensive if you're sick, due to uncovered copays. Additionally, a plan may offer only a limited network of doctors, which can interfere with a patient's choice. It's not easy to change to another plan. If you decide to switch to a Medigap policy, there often are lifetime penalties.
Does Joe Namath get paid for doing Medicare commercials?
No, the Joe Namath Medicare commercials are not a scam. They advertise legitimate Advantage plans but include few details about the benefits. A large company pays Namath to appear in their advertisements and tell viewers to call a number where they can buy plans. How long will Joe Namath Medicare commercials run?
What disease does Joe Namath have?
Years ago, Namath received treatment at Jupiter Medical Center after watching a fellow player struggle with chronic traumatic encephalopathy (CTE), the degenerative brain disease caused by repeated head injuries.
What commercial does Joe Namath do for Medicare?
The TV campaign, which first aired in 2018 and stars 78-year-old Joe Namath, is for the Medicare Coverage Helpline. With a crinkled smile, Namath lists a handful of health care benefits—from no co-pays to home-delivered meals—intended to attract callers on Medicare.
Do celebrities get paid for Medicare commercials?
The fact of the matter is: TV ads with famous spokespeople can grab our attention, but most celebrities aren't experts in Medicare. They paint a picture of the perfect plan that's ready for you to enroll, but private entities pay those same celebrities to advertise for them.
How much is Medicare premium for 2021?
Those who paid into Medicare taxes for fewer than 40 quarters must also pay a Part A premium. The monthly premium for 2021 is $259 for individuals who have contributed taxes between 30 and 40 quarters. It is $471 for those who have contributed for fewer than 30 quarters. People who have paid Medicare taxes for 40 or more quarters receive Part A premium-free.
Why are Advantage plans advertised?
Advantage plans are heavily advertised because of how they are funded. These plans' premiums are low or nonexistent because Medicare pays the carrier whenever someone enrolls. It benefits insurance companies to encourage enrollment in Advantage plans because of the money they receive from Medicare.
What is the primary source of funding for Advantage Plans?
The Centers for Medicare & Medicaid Services (CMS) is the principal source of funding for Advantage plans, paying insurance companies for each beneficiary's expected healthcare costs. Thus, the more people who enroll in Advantage plans, the more funds Medicare gives insurance companies offering these plans. In exchange, the Advantage plans, rather than Medicare, pay for enrollees' care. Critics have raised concerns that CMS steers enrollees to Advantage plans because of this.
How much is Part B premium?
Still, those on Advantage plans must continue to pay their Part B premium. The standard Part B premium is $148.50. Those with lower incomes can get help paying this premium, while higher-income earners are subject to premium adjustment.
Does Medicare accept estimates?
Plans make bids regarding estimated costs per enrollee, and Medicare accepts those meeting requirements. Each county (or region for regional PPOs) has a benchmark amount to which Medicare compares the bids.
Can you see a doctor with Medicare?
With or without secondary Medigap insurance, Original Medicare coverage enables you to see any doctor accepting Medicare assignment. As of 2020, only 1% of physicians treating adults had formally opted out of Medicare assignment, so this is similar to having an unlimited "network."
Is Medicare Advantage a pervasive plan?
Advertisements for Medicare Advantage plans are pervasive during the Annual Enrollment Period. They can also make these plans seem tempting, with their myriad benefits and low premiums.
Are Medicare Advantage Commercials Telling the Truth?
The answer is that the Medicare advantage commercials are true, sort of. They only tell you part of the story.
The Fine Print with Medicare Advantage
The main difference is that Medicare Advantage is a whole different thing than the original Medicare that you might be more familiar with. Medicare Advantage is a system where all of your medical coverage goes through your Medicare Advantage Plan.
Who is the quarterback in the Medicare commercials?
Every fall, you may notice countless Medicare commercials on TV, some featuring retired NFL quarterback, Joe Namath. The advertisements in which Namath appears are for Medicare Advantage plans.
Does Give Back reduce premium?
The amount the plan reduces your premium can be as much as the standard amount, or it could be less.
Does Joe Namath have Medicare Advantage?
In the advertisements, Joe Namath claims Medicare Advantage plans include a bundle of benefits like dental, vision, and hearing coverage, a prescription drug plan, and home-delivered meals . He proceeds to claim you can receive these features at no additional cost.
Is Medicare free with a monthly premium?
It’s important to understand that no Medicare plan is truly free. The truth is that while some Advantage plans don’t come with a monthly premium, many do require payment of a premium, and all include other costs.
Does Advantage Plan include home delivery?
While it is true that Advantage plans can include these extra benefits, said benefits vary by plan, and plan availability depends on your location. Also important to note is that not every Advantage plan offers the option for home-delivered meals. Further, even if your plan offers home-delivered meals, you must qualify to receive them.
Is Joe Namath a scam?
No, the Joe Namath Medicare commercials are not a scam. They advertise legitimate Advantage plans but include few details about the benefits. A large company pays Namath to appear in their advertisements and tell viewers to call a number where they can buy plans.
Doorbell sound effects should be illegal in commercials
Does anyone’s dog NOT go insane every time a commercial with a doorbell airs? And it’s like one every commercial break. I either have to play chicken with my mute button every night or wrestle my dog still every time one happens to avoid him losing his mind and waking up my kids.
Medusa with her Amazon sunglasses and that crappy song
I'm getting really sick of her. That song has wormed its way into my brain also.
Enough said
Ever see a commercial that is cringeworthy, badly done, or has a stupid annoying song or actor? Does every time it comes on, you want to immediately mute your television/radio or change the channel? Well whatever the reason may be that you despise it and it makes your skin crawl every time it comes on, this is the place to rant about it.
