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Ways Health Insurance Company Can Scam You

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    IDEAS Ways Health Insurance Company Can Scam You

    The growing number of consumers taking up health insurance plans has led to the mushrooming of scam health insurance providers. These providers often target new retirees and the elderly individuals and small-business owners, who can't negotiate better rates with legitimate insurers. Be very cautious before you invest in any health policy. Read on to get an idea about 3 ways in which your health insurance company can scam you.

    1. Unusual coverage offered at lower rates

    If you are offered an unusual coverage irrespective of your health condition and that too at lower rate and much more benefits in comparison to other insurers, its time for you too hit the panic button. Do not get fooled by the lucrative offer, else you can be taken for a ride. The ‘scamsters’ aim to collect huge amounts as early as possible so, they try to sell maximum number of policies at attractive prices.

    2. Failure to pay claims

    Usually fraud health insurance agents sign up a huge number of people quickly by offering them lucrative deals. These insurance providers keep paying small premium amounts and medical claims, but if there is a substantial claim amount or regulators catch them, these illegal companies vanish as if they never existed.

    So, just beware if you are getting delayed payments or your service provider is offering fake excuses for the failure to make the payments. If you have signed up for these illegal plans, you may be liable for the medical bills of your employees as well.

    3. Non-licensed health plans

    If the company from which you have bought your health care policy is not licensed by State Insurance Commissioner, you can be in trouble. If all the protections of insurance regulation do not apply on your service provider, then the company may be phony. In this case your service provider is scamming you by selling non-licensed health plans.

    Insurance agents are not allowed to sell any legitimate ERISA or union plan as federal law governs them. So, if your insurance agent tries to dupe you by selling an “ERISA” or “union” plan, report them to your state insurance department.

    Hi Thanks for sharing a informative post . It is really helpful to know about the ways of health insurance here I would like to share some information about health insurance scams are just like another most instances victims are offered fake health coverage.The unfortunate part of health insurance scams is they are not always caught.if you were well equipped with information, you can defend yourself against that all types of fake health insurance plans and policies.
    Fake Health Insurance Policies: some of the artists will go out to create seemingly to create seemingly to legitimate the health insurance companies.They usually win people over with promises of low premium payments and comprehensive health coverage.
    Universal Health cards:
    obamacare formally known as Affordable care act provides health insurance to many who previously could not afford it.Some of these criminals will looking to cash in on Obamacare by claiming they need your information for your Universal Health Card or National Health Card .


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