Senator Grassley is now looking at AARP and their practices on marketing and selling health insurance. It’s not a pleasant job by any means today trying to sell what everyone hates, health insurance. Sure the websites all list what is covered, charges, etc. but today with any carrier you just never know how they will perform until you need it, the black hole of the health insurance business, you just never know what you will get relative to claim payments these days as the process has become so very complicated with so many loopholes and provisions, and as posted recently one carrier is now creating a venture capital fund, so who knows where that will lead and if others are going to follow in the same footsteps. BD
A prominent member of the Senate Finance Committee is looking into some niche health insurance plans offered to AARP members to see if they mislead purchasers into thinking the coverage is greater than it actually is. The inquiry by U.S. Sen Chuck Grassley, R-Iowa, part of a wider investigation into health costs and coverage, centers on so-called limited-benefit plans, including some policies offered by Minnetonka-based UnitedHealth Group.
"We're treating the questions raised by Sen. Grassley very seriously," said Adam Sohn, an AARP spokesman. "The indemnity plans are not designed to be comprehensive insurance, nor should they be communicated in this manner."
UnitedHealth spokeswoman Martha Jones said, "We do not market this as major medical catastrophic insurance, or as an alternative to major medical. All advertising materials note the plan offers limited benefits.''
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