Wiz Insurance – The increasing number of consumers taking health insurance plans has led to the proliferation of fake health insurance providers. These service providers often target new retirees and parents and small business owners, who can not negotiate better rates with legitimate insurance companies. Be cautious before investing in a healthcare policy. Read on to get information on the 3 ways in which your health insurance company can cheat you.
1. Failed to pay claim
Sometimes, health insurance agents cheat large numbers of people quickly by offering lucrative deals. The insurer keeps paying small premiums and medical claims, but if there is a substantial amount of claim or regulation, they will be deemed invalid.
So, be careful if you get delayed payments or your service provider offers false excuses for failure to make payments. If you have signed up for this illegal plan, you may also be responsible for the medical bills of your employees.
2. Health plan without license
If the company you purchased your health insurance policy is not licensed by the State Insurance Commissioner, you may be in trouble. If all insurance regulatory protections do not apply to your service provider, then the company may be fake. In this case, your service provider tricks you into selling a health plan without a license.
Insurance agents are not allowed to sell ERISA plans or legitimate unions because federal laws regulate them. So if your insurance agent is trying to cheat you by selling the “ERISA” or “union” plan, report it to your state’s insurance department.
3. Unusual protection is offered at a lower price
If you are offered unusual protection regardless of your health condition and also at a lower level and more benefits than other insurance companies, it’s time for you to also press the panic button. Do not be fooled by a lucrative offer, otherwise you can be taken up. Scamsters aims to raise large amounts of money as early as possible, so they try to sell the maximum amount of policies at an attractive price.