Health

Continued from part 1…

A second indicator that the health insurance provider you are dealing with might be a scam is the presence of less than usual or even the absence of the regulations that govern other insurance providers. Fraudulent health insurance plan providers also try to attract potential clients by boasting about regulatory freedom at the state level. Don’t be fooled: legitimate health insurance providers are not immune from state regulation. Quite the opposite is true. Many types of insurance, including health care insurance, are regulated primarily by each state.

Additionally, while health care insurance fraud is a nation-wide problem, a survey of some of the identified medical insurance scams has revealed Texas and Florida as particular hotbeds of fraudulent insurance activity. Beware of any health care insurance providers that have recently started business. Check with your Better Business Bureau to make sure there have been no complaints.

There are some things you can do to protect yourself against fraudulent health insurance plan scams. The first thing you can do is be aware that bogus plans are out there. The second step you take to protect yourself while still getting a reasonable health care insurance plan is to educate yourself about your available options: shop around, ask questions, request proof of licensing (operating an unlicensed insurance operation is illegal in every state), get recommendations and contact a state insurance commissioner to verify the legitimacy of a health care insurance operation before you sign anything. Check out our information about the best health insurance companies to find a great company that isn’t a scam!