U.S. residents seeking affordable healthcare plans should read the fine print on related agreements to avoid falling victim to industry scams, experts say.
Coalition Against Insurance Fraud spokesman James Quiggle said the ongoing recession has led left U.S. residents desperately searching for cheap health insurance and there are certain individuals taking advantage of that demand, the Providence (R.I.) Journal said Monday.
“They are looking for affordable ways to cut their medical costs and discount cards are springing up in response to an urgent market need,” Quiggle said. “Unfortunately, much of that response is fraudulent and abusive.”
Health Insurance Commissioner Christopher Koller said customers of these questionable insurance plans are not aware how little the plans will actually cover should they need medical care.
“They are not limiting your liability, which is really what health insurance is all about … Often (consumers) don’t find out how poor the coverage is until they need it,” he told the Journal.
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