5 Ways Your Health Insurance Company Is Scamming You

5 Ways Your Health Insurance Company Is Scamming You

Health Insurance Company Scamming is a type of fraud‚ false or misleading information is provided by a health insurance company in an attempt to have them pay. The growing number of consumers taking up health insurance schemes has led to the mushrooming of scam health insurance providers. 

These providers often target fresh retirees and elderly individuals and small-business owners, who can’t negotiate better rates with fair insurers. Be very careful before you invest in any health policy. Read on to get an idea about 5 Ways Your Health Insurance Company Is Scamming You.

Health Insurance Company Scamming

Failure to pay claims

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

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

Non-licensed health plans

If the organisation from which you have bought your health care policy is not licensed under National Medical Commission Act, 2019, you can be in trouble. If all the protections of insurance regulations do not apply to your service provider, then the company may be phoney. In this case, your service provider is scamming you by selling non-licensed health plans or health insurance.

Insurance agents are not allowed to sell any legitimate Pradhan Mantri Suraksha Bima Yojana and Ayushman Bharat Yojana or union plan as the central government. So, if your insurance agent tries to trick you by selling a “Pradhan Mantri Suraksha Bima Yojana and Ayushman Bharat Yojana” or “union” plan, report them to your state insurance department. 

Unusual coverage offered at lower rates

If you are offered an unusual coverage irrespective of your health situation and that too at a lower rate and much more benefits in comparison to other insurers, it’s time for you to hit the panic switch. 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 feasible so, they try to sell a maximum number of policies at attractive prices.

Extra Fee for Anything

Scammers say you need to pay a fee for a new Health Care Card or you’ll lose your Health Care Card coverage. But you never need to pay for a new health card. And health care card will never call out of the blue to say you’ll lose coverage. Those are scams. 

 Fake Medical Discount Plan

Health Insurance Company Scamming sent their scammers to try to sell you a fake medical discount plan. Medical discount plans charge you a monthly fee for discounts on distinguishing medical services or products from a list of experienced providers. They’re not an alternate for health insurance. While some medical health discount plans provide legitimate discounts, others take people’s money and offer very small in return. So if you’re believing one, check out every claim the plan makes, including whether your doctor participates in the program. And be sure to get the facts of the discount plan in writing before you sign up.

So, if your health provider company are trying to sell you this type of insurance then they might be a Health Insurance Company Is Scamming you. 

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