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What’s In My New Health Insurance Booklet?

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Shortly after I got approved for health insurance, I received a big, fat, booklet of information from my health insurance company. This something that I should look over very carefully, in order to learn more about the plan I purchased. Here is a little bit of the interesting things I found in my new health insurance booklet. The very first page of this booklet shows some important information. It has my name and address. It shows my health insurance policy number, and the date that this plan became effective. It specifically states that the plan is called “ClearProtection Plus 1000”. … Continue reading →

Insurance Agent Gets Six Years in Prison for Stealing from Clients

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A (now former) insurance agent has been sentenced to 75 months in prison because she stole more than $1 million dollars from her elderly clients. She told them that she was reinvesting their money. In reality, she was spending it on things for herself. Everyone has had the experience, at least once, of getting a letter in the mail that says that your insurance company has denied your claim. When faced with a bill that you expected your insurer to cover, it is not unheard of to have less than positive thoughts about the insurance company. It is easy, in … Continue reading →

Questionable Insurance Claims Are on the Rise

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There has been an increase in insurance claims that are questionable, particularly from California and New York, but it is something that seems to be happening all across the nation, to some degree. When insurance companies deal with questionable claims, it can, potentially, make the cost of insurance increase for everyone, not just for the people who commit insurance fraud. Insurance fraud is expensive. Whenever an insurance company becomes aware of what appears to be a questionable claim it has to do some sort of investigation. This will require time and effort from workers, who need to be paid. If … Continue reading →

Cashing Out Life Insurance Is A Process

Cashing out a life insurance policy is not something that should be done on a whim. Once you do it, that policy is gone, forever. Therefore, it’s wise to do some serious thinking about why you want to cash out that policy. My husband and I have been working towards cashing out an old life insurance policy of mine. Today, we moved onto the next step in the process. Yesterday, my husband and I called the insurance company that I have an old life insurance policy with. I guess I was expecting that all I would need to do would … Continue reading →

Want to Learn More About Insurance Fraud?

Insurance fraud has been described as a crime that other people commit, but that you end up paying for. When a consumer commits insurance fraud, it costs the insurance company money, which can cause the insurance company to increase the cost of insurance for all customers, not just for the one that committed fraud. Do you understand what insurance fraud is? Would you like to learn more about it? The Coalition Against Insurance Fraud is an excellent resource to help consumers to know more about what insurance fraud is, what to do if your insurance company isn’t treating you right, … Continue reading →

What is Insurance Fraud?

Do you know what insurance Fraud is? This seems like a silly question, most of us should know what the word Fraud means–after all it was one of the basic skills we learned way back in grade school. Only at that time we called it cheating, or lying. The standard dictionary definitions all say just about the same things, fraud is the intentional perversion of truth (a lie) to induce another to part with something of value or to surrender a legal right. (To get something we want which usually has some value) In the business of insurance fraud falls … Continue reading →

Government Crackdown on Medicare Painkiller Abuse

The Department of Health and Human Services is trying to prevent people from using Medicare prescription drug plans to do “doctor shopping” for pain medication. This is part of the federal government’s efforts to combat fraud within the Medicare system. The term “doctor shopping” does not mean that someone is calling up different doctor’s offices on the phone, in an attempt to learn what they would be charged by that office for a standard visit. It doesn’t mean that someone is trying to discover which offices accept the person’s health insurance plan. Instead, “doctor shopping” is a term that refers … Continue reading →