3 Possible Ways Your Medical Insurance Company Might Be Conning You
The ever rising number of consumers signing up for health insurance plans has resulted in a rise in the number of scam medical insurance providers. These medical insurance providers often target people who have recently retired and seniors who are unable to arrange better rates with legitimate health insurers. Read on to discover 3 ways in which your health insurance company may try to scam you.
1. Failure to settle claims
Usually sham health insurance agents sign up a very large number of individuals quickly by offering them lucrative deals. These insurers themselves pay small premium amounts and settle small medical claims but, if there is a sizeable claim has to be met or regulators catch them, these illegal companies simply vanish as if they had never existed.
So, just beware if you you encounter delays in receiving payments or if your insurer is offering poor excuses for failing to make the payments. If you have one of these unlawful plans you may also find that you are liable for medical bills for your employees as well if you have taken a policy as a small business employer.
2. Selling health plans which are not licensed
If the insurance company does not have a license from the State Insurance Commissioner then you could find yourself in difficulty. In this case your service provider is almost certainly scamming you by offering non-licensed health plans.
You also need to know that agents are not allowed to provide union or ERISA plans, both of which are governed by federal law. So, if your insurance agent tries to dupe you by selling you an union or ERISA plan you should report this to your state insurance department.
3. Unusual cover being offered at lower rates
If you are offered unusual cover regardless of your state of health and at a lower rate than you would expect from other insurers then it is time for you too hit the panic button. Do not get taken in by an apparently very attractive offer as you are more than likely to find yourself being taken for a ride. The scammer's aim is to collect very large sums of money as early as possible and so they try to sell as many plans as they can as fast as possible before they disappear.
Of course these are just a few of the many tricks that the scammers get up to but in most cases the presence of one or more of these things should make you stop and look closely at what you are purchasing. - 23211
1. Failure to settle claims
Usually sham health insurance agents sign up a very large number of individuals quickly by offering them lucrative deals. These insurers themselves pay small premium amounts and settle small medical claims but, if there is a sizeable claim has to be met or regulators catch them, these illegal companies simply vanish as if they had never existed.
So, just beware if you you encounter delays in receiving payments or if your insurer is offering poor excuses for failing to make the payments. If you have one of these unlawful plans you may also find that you are liable for medical bills for your employees as well if you have taken a policy as a small business employer.
2. Selling health plans which are not licensed
If the insurance company does not have a license from the State Insurance Commissioner then you could find yourself in difficulty. In this case your service provider is almost certainly scamming you by offering non-licensed health plans.
You also need to know that agents are not allowed to provide union or ERISA plans, both of which are governed by federal law. So, if your insurance agent tries to dupe you by selling you an union or ERISA plan you should report this to your state insurance department.
3. Unusual cover being offered at lower rates
If you are offered unusual cover regardless of your state of health and at a lower rate than you would expect from other insurers then it is time for you too hit the panic button. Do not get taken in by an apparently very attractive offer as you are more than likely to find yourself being taken for a ride. The scammer's aim is to collect very large sums of money as early as possible and so they try to sell as many plans as they can as fast as possible before they disappear.
Of course these are just a few of the many tricks that the scammers get up to but in most cases the presence of one or more of these things should make you stop and look closely at what you are purchasing. - 23211
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Getting medical insurance from legitimate insurers does not have to cost you an arm and a leg so get some free, no obligation low cost health insurance quotes today from one of this county's most competitive insurance providers.
posted by X - Men @ 9:09 AM
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