Global Insurance Education

Every year thousands of people become victims of health insurance scams and a high percentage are seniors. According to research recently carried out at Georgetown University, four of the biggest unauthorized insurers have left at least 100,000 victims with $85 million in unpaid medical bills. To help detect these health insurance scams before you become a victim, read this advice on how to protect yourself. This is not exactly looking for affordable health insurance

What if you are 65 years old and need immediate surgery? While Medicare might cover some bills, it may not pay for everything. But you think you are prepared because you bought supplemental health insurance from an insurance company to cover just this situation. Yet when you try for weeks to get authorization from your insurance company, you can?t get anyone on the phone. Then you learn the awful truth - the health insurance you bought was a sham and you have no coverage.

Health insurance scams work like this: ?Insurance agents? sign up as many people as possible, and keep them paying premiums for as long as possible. Some small medical claims get paid, but when claims get substantial or regulators catch on, these ?offices? close up and move out of town.