How to Avoid Michigan Health Insurance Fraud
Michigan health insurance fraud is a prevalent phenomenon. From paying premiums on to a bogus health plan to being left to cover the exorbitant cost of hospital bills, consumers are vulnerable to the financial duress of illicit “insurance agencies.” Here are several tactics to prevent falling prey to a bogus health plan.
Be leery of the cheap health insurance policy.
In terms of monthly premiums and the same types of coverage, most Michigan health plans are generally comparable. Beware of any health plan that is too lax about pre-existing medical condition or chronic illness. An abnormally low premium is generally a red flag. Remember minimal underwriting requirements are generally an indication of a fraudulent insurance company.
Conduct a background check.
Contact the attorney general’s office to determine if the insurance company has a current license in Michigan. Inquire whether the insurance company has any outstanding complaints. Also, visit the Better Business Bureau to determine if the company has more than five recent complaint files in the past year. Finally, steer clear of any insurance agency alleging that they are not licensed or exempt of state regulations.
Obtain health insurance quotes from legitimate brokers.
Find a broker who is in affiliation with at least three different insurance companies and a minimum of a B rating or better. Ask the broker for a reference list. Avoid any insurance company or agent, requiring you to: 1) Sign a blank insurance form 2) Remit cash payments (only) 3) Pay the entire year’s premiums up front.
Also avoid any agent or broker using coercive tactics, to force you into making a hasty decision.
For a no-hassle Michigan health insurance quote, contact a broker you can trust at 1-866-522-5953.