The increasing number of customers who are enrolling in health insurance plans has resulted in the proliferation of bogus health insurance providers.
This kind of service often targets new retirees, the elderly, individuals, and small-business owners who are unable to negotiate better prices with legal insurance carriers. Before you buy any kind of health insurance coverage, use extreme caution. Continue reading to get an understanding of three ways in which your health insurance provider might defraud you.
1. Failure to pay claims when they are due
Typically, scam health insurance salespeople sign up a large number of customers rapidly by giving them tempting incentives in exchange for their business. They continue to pay minor premium amounts and medical claims, but when a large claim sum is paid or when authorities catch up with them, these illicit insurance providers disappear as if they had never been.
So, if you are receiving delayed payments or if your service provider is providing fictitious justifications for the inability to make payments, be on the lookout. It is possible that you may be held accountable for the medical expenditures of your workers if you have enrolled in these unlawful insurance policies.
2 – Non-licensed healthcare plans are number two.
If the firm from whom you purchased your health insurance coverage does not have a license from the State Insu-rance Commissioner, you might find yourself in legal jeopardy. If your service provider does not offer you all of the safeguards afforded by insu-rance regulations, the firm may be a scam. In this instance, your service provider is defrauding you by offering you non-licensed health insu-rance policies.
Because they are governed by federal law, insu-rance salespeople are not permitted to market any genuine ERISA or union plan. As a result, if your insurance agent attempts to defraud you by selling you an ERISA or union plan, you should file a complaint with your state insu-rance authority.
3. Unusual coverage is available at a cheaper cost.
If you are provided an extraordinary level of coverage, regardless of your health status, and that too at a cheaper premium with much more benefits in comparison to other insurers, it is time for you to press the panic button as well. Do not be deceived by the attractive offer; else, you may find yourself being taken for a ride. Scammers want to collect as much money as possible as quickly as possible, therefore they attempt to sell as many policies as they can at the most tempting pricing.
