NameTaken2
Recycles dryer sheets
- Joined
- Jan 15, 2014
- Messages
- 185
Recieved an "Introducing Via Benefits" mailing from their Medicare advisor service-
Fine print notes that Via "receives compensation in the form of commissions from insurance companies from the sale of insurance products and services we offer."
Expected that -but statements that followed appeared intended to portray their services as essentially fiduciary in nature:
"Whether or how much insurers may pay in such compensation does not play any role in the Via Benefits' insurance recommendations."
"Via Benefits also may receive other compensation from third parties, such as for selling or referring the sale of other products or services"
"Individual benefit advisors are compensated the same whether you pick a Medicare Advantage or Medicare Supplement plus PDP plan and regardless of which carrier you choose. For other kinds of products, the compensation they receive may vary based on the kind of product you purchase, but does no change based on carrier"
Hard to believe -their profits are based on compensation by insurance companies, but that they don't consider that when advising clients(?)
ie: they essentially act as fiduciaries?
Do all Medicare advisors/brokers make similar claims, apparently intended to create a level of trust where clients see little need to be cynical in questioning and comparing their expert advice to other options?
Would be great to push the Trust Button, saving a lot of time. Hard to believe that would be a smart thing to do.
Appreciate any related perspective/experience-
Thanks for your time!
Fine print notes that Via "receives compensation in the form of commissions from insurance companies from the sale of insurance products and services we offer."
Expected that -but statements that followed appeared intended to portray their services as essentially fiduciary in nature:
"Whether or how much insurers may pay in such compensation does not play any role in the Via Benefits' insurance recommendations."
"Via Benefits also may receive other compensation from third parties, such as for selling or referring the sale of other products or services"
"Individual benefit advisors are compensated the same whether you pick a Medicare Advantage or Medicare Supplement plus PDP plan and regardless of which carrier you choose. For other kinds of products, the compensation they receive may vary based on the kind of product you purchase, but does no change based on carrier"
Hard to believe -their profits are based on compensation by insurance companies, but that they don't consider that when advising clients(?)
ie: they essentially act as fiduciaries?
Do all Medicare advisors/brokers make similar claims, apparently intended to create a level of trust where clients see little need to be cynical in questioning and comparing their expert advice to other options?
Would be great to push the Trust Button, saving a lot of time. Hard to believe that would be a smart thing to do.
Appreciate any related perspective/experience-
Thanks for your time!