3 Possible Ways In Which Your Medical Insurer Might Be Defrauding You

                                                                                         

The ever growing number of people signing up for medical insurance plans has resulted in an increase in the number of scam medical insurance providers. These scammers usually target new retirees and seniors who can't negotiate good rates with legitimate health insurers. Read on to discover 3 ways in which your health insurance company could try to scam you.

1. Failure to pay claims

Usually scam health insurance agents will try to sign up a huge number of people quickly by offering them lucrative deals. These insurers themselves pay small premium amounts and meet small medical claims however, if there is a substantial claim arises or regulators catch them, these illegal companies will simply disappear as if they had never existed.

Be wary therefore if you you encounter delays in receiving payments or your service provider is offering lame excuses for failing to make the payments. If you have signed up for these unlawful plans you may also find that you are liable for medical bills for your employees as well if you have arranged a plan as a small business employer.

2. Offering medical plans which are not licensed

If your insurer is not licensed by State Insurance Commissioner then you could find yourself in difficulty. In these circumstances your insurer is almost certainly conning you by offering medical plans that are also not licensed.

You should also be aware that that insurance agents are not allowed to sell ERISA or union plans, both of which are governed by federal law. So, if your insurance agent tries to dupe you by offering you an union or ERISA plan you should report them to your state insurance department.

3. Selling unusual coverage at low rates

If you are offered exceptional cover regardless of your health condition and at a lower rate than you would expect from other insurance companies then it is time for you too hit the panic button. Do not get fooled by a seemingly too attractive offer because you are very likely to be taken for a ride. The scammers aim to collect very large sums of money as early as possible and so they will attempt to sell as many plans as they can as fast as possible before they disappear.

Naturally these are only a few of the numerous tricks that the fraudsters get up to but in the majority of cases the existence of one or more of these things ought to make you stop and look closely at what you are purchasing.

About the author:
Buying medical insurance from legitimate insurers does not have to cost you an arm and a leg so get some free, no obligation affordable health insurance quotes today from one of the county's top insurance providers.


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