Health Insurance Articles
Health Insurance Fraud And Its Possible Consequences For A Family
2010-12-22
Health insurance coverage is something that you never want to have to use but that you surely don't ever want to be without either. Medical costs have skyrocketed during the past few decades and even having a minor medical problem can cause big expenses. When something happens that requires immediate medical attention for a member of your family, it feels good to know that at least the treatments will be covered by your health insurance. Insurance fraud, however, has led many to learn too late that their policy pays nothing. It's devastating.
Obtaining health insurance coverage is a matter of trust. You believe the company to whom you are paying your insurance premiums will be there in your time of need to pay for any required medical procedures covered by your policy. They, in turn, believe you have been truthful in your application information and will not be inclined to file frivolous or fraudulent claims.
Insurance fraud can happen on both sides of a policy, although most may automatically think about a policyholder trying to put one over on their insurer. Insurance companies hire investigators to look into suspect claims in an effort to uncover policyholder fraud, but what can an ordinary consumer do to protect himself from fraud on the part of the company supposedly protecting their interests?
Deceptive or totally bogus health insurance coverage offers are prolific and spreading rapidly, being found in every state. Confusion revolving around new health care reform just makes it easier for these low-life criminals to find easy takers for their insurance scams. The Internet is a tool used by many who perpetrate insurance fraud but aggressive door-to-door pitchers are also prevalent, especially in areas with a high concentration of senior citizens. There are even instances of fake health insurance coverage being sold through 800 numbers given during television commercials.
In truth, having bogus health insurance coverage is worse than having no coverage at all. Thinking you're being protected by a policy that turns out to be worthless can be devastating. First off, you're out all the premium dollars you've put out, plus you're liable for the medical costs you've incurred. To make it worse, your health may be endangered further because of treatment delays. You may also encounter problems obtaining new coverage.
Thousands of insurance scams have been closed down by state and federal government entities but more keep cropping up all the time. It's best to learn how to protect yourself from falling victim to an insurance scam by doing your homework. Research the company you're considering contracting. This has also become very easy to accomplish through the use of the Internet.
