Govt. Sets Rules For Agents Selling Medicare Plans

September 16, 2008

The federal government has come out and announced a new set of rules which insurance agents have to follow when selling Medicare Advantage plans.......Washington (ChattahBox) – The federal government has come out and announced a new set of rules which insurance agents have to follow when selling Medicare Advantage plans.

The new rules were issued by the U.S. Centers for Medicare and Medicaid Services, and aimed to protect seniors.

The goal of these new rules is to protect seniors in the U.S. from the deceptive tactics used by insurance agents in the U.S.

The hope is to avoid the pressure put on seniors by agents to buy Medicare Advantage plans.

As part of the new rules, agents are now prohibited from taking part in telemarketing, and door-to-door sales.

They also will no longer be able to get seniors to switch plans to boost their own commission.

The new rules will go into effect on October 1st.


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One Response to “Govt. Sets Rules For Agents Selling Medicare Plans”

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