subject: Three Scams To Look Out For When Buying Health Insurance In Nashville [print this page] The emerging number of consumers taking up health insurance plans has led to the mushrooming of scam health insurance of Nashville providers. These providers often target new retirees and the elderly individuals and small-business owners, who can't negotiate better rates with legitimate insurers. Be very cautious before you invest in any health policy. Read on to get an idea about 3 ways in which your health insurance company can scam you.
1. Failure to pay claims
Usually fraud health insurance agents sign up a huge number of people quickly by offering them lucrative deals. These insurance providers keep paying small premium amounts and medical claims, but if there is a substantial claim amount or regulators catch them, these illegal companies vanish as if they never existed.
So, just beware if you are getting delayed payments or your service provider is presenting fake excuses for the failure to make the payments. If you have signed up for these illegitimate plans, you may be liable for the medical bills of your employees as well.
2. Non-licensed health plans
If the company from which you have acquired your health care policy is not licensed by State Insurance Commissioner, you can be in trouble. If all the protections of insurance regulation do not apply on your service provider, then the company may be phony. In this case your service agent is scamming you by selling non-licensed health plans.
Insurance agents are not allowed to sell any legitimate ERISA or union plan as federal law governs them. It will help the health insurance industry if you report any insurance agent who tries to trick you by selling an "ERISA" or "union" healthcare plan.
3. Unusual coverage offered at lower rates
You must beware of any service provider offering you really great health insurance coverage in spite of of your health condition at a too good to be true rate and way more benefits than other insurers because this is a sign of a phony provider. The goal of these health insurance scammers is to collect as much as they can as soon as possible by selling the largest amount of policies at very low rates. So, don't get duped in by these low rate offers or you will regret it.
Three Scams To Look Out For When Buying Health Insurance In Nashville
By: Erika Townsend
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