Health insurance is becoming increasingly expensive day by day and more individuals are refraining from health insurance. Health insurance frauds have also led to the rising cost of health insurance and this is also a reason why this insurance is moving further away from the reach of the common man. Every year thousands of individuals fall prey to health insurance frauds.
How can you save yourself from health insurance fraud?
Like there are different ways to commit fraud, there are also different ways to fight it. You need to be very vigilant when buying insurance. You may take help from the tips to fight insurance fraud mentioned below:
- No insurance comes for a handsomely low price. If your health insurer puts forth an offer that is unbelievable and suspicious, then it might be just that – suspicious. A fraud company my offer a policy at an extremely low rate but might want you to pay the premiums in cash, sign a contract immediately or may ask you to sign a blank form. Beware these are all signals! This might be a scam company here to get you.
- Check out if the company offering the ‘very tempting’ policy has a license or not. You may check with your state department of insurance and also find out if there has been any kind of complaints against the company.
- If your instincts say ‘don’t trust this company’, then listen to it. Buy insurance from reliable insurers only.
- Scam insurance companies may bear a resemblance to popular insurance companies in design. They make every attempt to copy the documents used by reputable companies. Documents like letterheads, forms, policy blueprint and the like may resemble those of a reputable company to win your trust.
- Your doctor might charge you an unusually high price for a service that usually costs lesser. Mistakes might happen but you must always be cautious. It might be fraudulent and you might become a victim.
- If you suspect any fraud, you can report it to the insurance company’s fraud handling department.
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