Posts Tagged - ‘health insurance scams’

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Health Insurance Scammers Prey on Healthcare Reform Confusion

Wednesday, August 11th, 2010
health insurance scam warning
Image: B Rosen under CC 3.0

Over the past several months, the American public has been wrestling with the advent of healthcare reform and what it will mean for them. For many, it will require them to purchase a health insurance plan.

Unfortunately, scammers in 24 states are taking advantage of this uncertainty. They are advertising medical discount plans as full-fledged health insurance, which they are not. Unlike standard insurance, these limited plans aren’t accepted by doctors and hospitals to cover most or all of a person’s medical bills.

The Federal Trade Commission has joined in the fight to crack down on these misleading marketing tactics. They hope to eliminate them before the mandate provision of the law goes into effect in 2014.

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Tips: Beware of Health Insurance Reform Scams

Monday, April 26th, 2010

Image: ToastyKen under CC 3.0

Many people are using the healthcare reform law to sell products and services. Unfortunately, some are using scare tactics to scam consumers out of their hard-earned money.

Here are some tips to avoid being ripped off:

  • If anyone calls you and claims that they are a government employee collecting payment for an Obamacare health insurance plan, don’t give them any information. The federal government will not be collecting premiums directly.
  • There is no such thing as coverage against “death panels”. However, telemarketers are attempting to sell that non-existent coverage.
  • Make sure that you are speaking with a licensed health insurance agent before giving out any bank account information, either over the phone or in person.
  • If rates seem too good to be true, they probably are. $30 a month plans are extremely rare.
  • Do not buy coverage from an anonymous fax. Most of them list no company information.

States are increasingly investigating health insurance fraud. Be careful out there!

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