|
Beware of bogus Health Insurance Plans
As we see the costs of health insurance and health care costs rise each and everyone of us will have been faced with an annual increase in health insurance premiums. It is only natural that people will look for a lower cost alternative and in doing so some are finding themselves the victims of fake health insurance plans.
Fake health insurance plans look like genuine authorized health insurance plans they are set up with the intention to take your money and not to pay benefits or abide by any state insurance laws. People who buy into a fake health insurance plan can often find themselves with little recourse to justice and are often left with large debts in the event of a claim against the health insurance policy.
There is some confusion surrounding who has the regulatory authority to investigate and prosecute bogus health insurance plans, is it the Department of Labor or state Departments of Insurance. Licensed agents are mainly responsible for selling bogus health insurance plans and can be held liable for selling unlicensed and fraudulent products.
It is important for to licensed agents verify the legitimacy of any product they intend to offer for sale. So it goes without saying that all licensed insurance producers and consumers should verify the legitimacy of any product before putting any money down. Everyone is at risk of being a victim of a fake health insurance plan including individuals, families and employers
Some points to consider before making a decision
Are the health insurance premiums being offered significantly lower than similar health insurance products you have considered.
Is the health insurance plan offering universal coverage with no mention of exclusions or pre-existing conditions.
Anyone who claims they do not need a license to sell their health insurance product.
If the agent is indicating this product is exempt from state regulation you should beware.
A health insurance plan that does not use the word insurance anywhere in its materials or documents.
This article has been written by http://www.healthinsurerquote.info
For more information on health insurance, visit our web site http://www.healthinsurerquote.info
This article is not a substitute for medical advice.
Please feel free to use this article in your newsletter or on your web site, the resource box must be included. If you use this article, please send a brief message to let me know where it appeared: mailto:hiq@t4star.com Thank you.
Written by: Tony
|
 |
Home
List of Articles
Recent Articles
Benefits Tailored To The Changing Needs Of Canadians
Increasingly, traditional benefits packages are disappearing from the Canadian business landscape. As the face of the Canadian workforce continually changes, companies are finding it necessary to address these shifts. The reality for many employers...
Do You pay to much for your Auto Insurance?
If you’re shopping for auto insurance, shop around and do it yearly. Don’t just keep paying the invoice over and over without comparison shopping. Below are a few suggestions to help you get the best deal available on your automobile insurance...
Online Used Cars - Buying Guide
Tips for Searching Used Cars Online
Searching for used cars online is easy and convenient. Here are
a few tips on how to use the internet to search for used cars
online.
1. Make use of the internet's convenience advantage.
What's so...
|
