Medicare Supplement Plans and UnitedHealthcare
What is the role of AARP in setting rates for Medicare supplement plans?
1) AARP sets rates for the Medicare supplement plans.
2) UnitedHealthcare contracts with insurers.
3) UnitedHealthcare offers Medicare plans.
The false statement is that AARP sets rates for the Medicare supplement plans.The correct answer is that AARP does not set rates for Medicare supplement plans. Insurance companies are responsible for setting the rates for these plans, not AARP. AARP may endorse certain plans, but they do not have the authority to determine the rates.
Explanation:Insurance companies play a crucial role in determining the rates for Medicare supplement plans. They consider various factors such as the age of the individual, location, plan type, and coverage options before setting the rates. It is important for individuals to compare rates from different insurance companies to find the most suitable and affordable plan for their needs.
On the other hand, UnitedHealthcare is a company that offers a variety of Medicare plans and works with insurers to provide these options to consumers. They collaborate with different insurance providers to offer a range of insurance products, including those tailored for Medicare subscribers.