Do Not Be Fooled By Phony Health Insurance Agents
September 9th, 2010
The rising number of consumers taking up health insurance plans has led to the mushrooming of scam health insurance of Knoxville 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 careful before you purchase any health care insurance. Read more to get an idea about 3 different way that your health insurance agency can scam you..
1. Failure to pay claims
Fake service providers will sign up a significant number of folks 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 giving fake excuses for the failure to make the payments. If you have signed up for these dishonest plans, you may be liable for the medical bills of your employees as well.
2. Non-licensed health plans
If the company from which you have obtained 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. Always remember, if this is the case, then your health insurance company is scamming you by selling non-licensed healthcare plans.
Insurance agents are not allowed to sell any legitimate ERISA or union plan as federal law governs them. It will help the health insurance industry if you report any insurance provider who tries to trick you by selling an “ERISA” or “union” healthcare plan.
3. 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.