Health Insurance Scams on the Increase
November 28, 2007
Many individuals search for affordable health insurance nowadays. Of these many are falling victims to scams of late. According to reports, more than 200,000 US residents and small businesses have purchased health care plans which are fraudulent. This has resulted in many medical claims being rejected amounting to hundreds of millions of dollars.
Fake Medicare prescription drug plans and fake Medicare Advantage policies are being sold to people, specially seniors. Also information garnered from such sales calls is being used for identity theft. One way these scams are being spread around is through unsolicited faxes.
Another problem is misrepresentation of Medical Discount Cards as insurance. This is being done online by certain websites and also by agents offline. Promised discounts are not provided by illegitimate networks.
One way to protect yourself from such scams is to do a lot of homework before going for an insurance product. If it is being offered to you at throwaway rates, be well advised to look into the fine print as well as do some research on it. A little pain before buying your insurance policy can save you a lot of headache later. So beware of fake insurance solicitations and put that hard earned money to good use.
