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Based on this eye-opening news article today, UnitedHealth, Humana May See Surge in Medicare Advantage - Bloomberg I'm now going to get certified to sell Medicare Advantage plans with 2, or perhaps 3, good carriers.
I looked at one from Humana last year for my dad in Michigan, but the out-of-pocket expenditures for medical care were stunningly high, compared to Standard Medicare mated with a Plan "F" MedSupp.
But if Medicare Advantage participation is going to grow a whopping 50% over the next 10 years, I'd be a fool not to at least have it in my portfolio of offerings.
Who's driving the growth of these Medicare Advantage plans the most.. Is it Well-To-Do Seniors who don't mind paying the high out-of-pocket costs? Or is it Seniors on very limited income who are attracted by the lower overall premium cost? Other some other demographic?
-Allen
I looked at one from Humana last year for my dad in Michigan, but the out-of-pocket expenditures for medical care were stunningly high, compared to Standard Medicare mated with a Plan "F" MedSupp.
But if Medicare Advantage participation is going to grow a whopping 50% over the next 10 years, I'd be a fool not to at least have it in my portfolio of offerings.
Who's driving the growth of these Medicare Advantage plans the most.. Is it Well-To-Do Seniors who don't mind paying the high out-of-pocket costs? Or is it Seniors on very limited income who are attracted by the lower overall premium cost? Other some other demographic?
-Allen