What are the characteristics of AARPs health insurance?
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Asked March 10, 2014
AARP is a membership organization that provides numerous discounts and savings for people 65 years old and older. The company does not underwrite insurance policies directly, but provides access to insurance through preferred affiliates. They are not a provider, simply an aggregate for companies to sell insurance through.
Where an independent broker like this website offers coverage through a number of insurance companies, AARP provides select plans from preferred affiliate companies. You are not necessarily getting a better deal, but buying insurance is simplified. Instead of a range of possible choices, you may only have one choice for each insurance category, and buying multiple policies may not provide you with any bulk savings.
AARP only provides coverage through insurance companies that are highly rated by companies such as the A.M. Best financial ratings company. This guarantees you that the companies you are dealing with have a solid financial foundation and positive long term outlook. This is done as a service to AARP members to help them find dependable health, life and auto insurance.
Purchasing health insurance through AARP provides you with a number of options based on traditional HMO-style coverage's. In addition to traditional health care, AARP members have access to hearing, vision and dental coverage, long term care insurance, extended hospitalization, and variations on plans offered through Medicare. They also provide access to health screenings, discounts through major pharmacies and other health tools designed especially for older Americans.
The advantage of buying insurance through AARP is because the organization is able to secure group insurance plans and provide multiple types of health related policies under a single source. AARP does not underwrite any of the plans they make available, they only give you a range of selections in a single place, from a preferred group of affiliate insurers. The large number of AARP members is where the main source of savings comes from, comparable to what you might get from a large employer.
Answered March 10, 2014 by Anonymous