How to Avoid Scams When Buying Health Insurance Plans

It’s a fact that some health insurance plans are better than others. You may find insurance plans with similar premiums, but one offers better coverage than the other. Two insurance plans may offer the same type of coverage, but one may come at a more reasonable cost. But some of these plans are so bad that they’re outright scams.

So how can you avoid being duped? Here are some excellent tips from the FBI:

  1. Always check that the health insurance company is licensed in your state. You can easily find out about his online.
  2. A scammer rep may insist that their insurance company is exempted from having to get a state license because they operate under some sort of federal guideline. You have to ignore this, since it’s not true. A state license for insurance companies is mandatory.
  3. You must always be wary about insurance plans that sound too good to be true. Like any other businesses, real insurance companies aim to make money. So if they offer astonishingly low pricing for their insurance plans, you may want to do yourself a favor by walking away from the deal.
  4. Scams are often fronted by truly aggressive salespeople. If they persist with a barrage of emails and phone calls, you have to doubt them.
  5. One common tactic for scammer insurance reps is to intimidate people to buy insurance for them, because it’s the law that they need insurance. That’s the kind of approach that a real insurance company won’t engage in.
  6. Many of these scammers also put on extra pressure on you by insisting that you can enjoy a better price for your health insurance only if you sign up immediately. While it is true that there are certain deadlines in the business, usually it’s about making the cutoff date. It’s not about hurrying you through the entire process of buying insurance. Real agents will give you time to make your decisions properly.
  7. You don’t ever want to sign any insurance claim form that’s blank.
  8. To minimize your worries, you should always ask your medical provider about how much they will charge for their services, and how much you will need to pay out of pocket. That should minimize any sort of unpleasant surprise.
  9. Many scammers make it easy for you to pay up front for their fake insurance plant. You may be told that there’s no need for you to send them a list of your current medications. They may even reassure you that you don’t need a physical checkup.
  10. Medical discount cards are not insurance plans, despite what the advertising for them may say. While some may actually be helpful, these aren’t meant to stand in for real health insurance.
  11. Don’t trust any insurance representative who requires you to disclose your personal financial details before the insurance plan can be issued. There’s no need for them to know about your finances. If they insist on knowing your credit card numbers or your bank account info, you need to bail out.
  12. Never trust an agent who seems very evasive about explaining the details of the insurance policy. They may avoid answering your questions, or insist that all the necessary information will be included in their brochures. Some of these scammers don’t even bother to show you an actual policy you can check out.

Fall prey to any of these scams, and you may end up with catastrophic medical bills, and the scammers may even siphon off money from you as well. Heed these 12 tips so that you can ensure that the health insurance you obtain is valid.