As we see the costs of health assurance and health care costs rise each and everyone of us will have been faced with an annual increase in health assurance premiums. It is only natural that people will look for a lower cost alternative and in doing so some are finding themselves the victims of fake health assurance plans.
Fake health assurance plans look like genuine authorized health assurance plans they are set up with the intention to take your money and not to pay benefits or abide by any state assurance laws. People who buy into a fake health assurance plan can often find themselves with little recourse to justice and are often left with large debts in the event of a claim against the health assurance policy.
There is some confusion surrounding who has the regulatory authority to investigate and prosecute bogus health assurance plans, is it the Department of Labor or state Departments of assurance. Licensed agents are mainly responsible for selling bogus health assurance plans and can be held liable for selling unlicensed and fraudulent products.
It is important for to licensed agents verify the legitimacy of any product they intend to offer for sale. So it goes without saying that all licensed assurance producers and consumers should verify the legitimacy of any product before putting any money down. Everyone is at risk of being a victim of a fake health assurance plan including individuals, families and employers
Some points to consider before making a decision
Are the health assurance premiums being offered significantly lower than similar health assurance products you have considered.
Is the health assurance plan offering universal coverage with no mention of exclusions or pre-existing conditions.
Anyone who claims they do not need a license to sell their health assurance product.
If the agent is indicating this product is exempt from state regulation you should beware.
A health assurance plan that does not use the word assurance anywhere in its materials or documents.
This article has been written by http://www.healthinsurerquote.info
For more information on health assurance, visit our web site http://www.healthinsurerquote.info
This article is not a substitute for medical advice.
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