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Don’t Fall Victim to Health Insurance Fraud! 3 Ways to Protect Yourself

Cheap health insurance plans have been developed so that a person who has no coverage by their employer can find insurance coverage on their own. These low cost health insurance policies can also be very beneficial to someone who has left a 9-to-5 job to go into business on their own. Often the low cost of these policies allow for savings to put toward other forms of expense.

Sometimes, an inexpensive health care plan is designed to target retirees and elderly people who can’t negotiate the rate a large business could. Whatever your situation is, whenever you are considering a new health insurance policy you should do your homework ahead of time, so that you don’t regret it later.

What are the three ways you can be caught in the scam of health care fraud?

1. Be wary of insurance agents who try to sign you up quickly because they offer you a “special deal.” Typically these are the insurance providers who will pay for a small premium amount and lesser medical claims. However, they could vanish overnight if a more expensive claim has been filed or if regulators begin to scrutinize their behavior.

How would you know if health care fraud is a risk with your insurance company? If it is a smaller and lesser known insurance company and if you have been getting your claim delayed and they have been making excuses and not making payments. In this case it is in your best interest to go to the Better Business Bureau or the Attorney General’s office. If you are a small business owner you should be very careful about choosing an insurance company that is not familiar to you as you could wind up being liable for the unpaid medical bills your employees generate.

2. Secondly, be careful to make sure the health insurance plan you’ve signed up for is licensed by the state insurance commissioner. Your state insurance commission regulates legitimate insurance companies operating within your state. If a health plan isn’t listed with them then a company is more than likely fake and could lead to health care fraud.For more information, visit their official website.

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3. Insurance scams operate by offering policies that appear very attractive and hard to resist when first presented. If you find yourself being tempted by an unusual amount of coverage that doesn’t seem to be in line with the other plans you consider, it’s time to do your homework and dig deeper before signing anything or committing yourself. Illegitimate insurance providers try to make an offer irresistible; once they have sold a large number of policies they disappear, taking your money with them.

If you wonder if it’s possible in this day and age for companies like this to exist, watch the John Grisham legal thriller “The Rainmaker.” Keep in mind, where there is a dollar to be made people are going to try to make it, even if it means taking advantage of somebody in a deceitful and sleazy way.

Click here to find out more information about health care fraud and don’t be a victim on it or contact a health care lawyer today.