The old adage: “You get what you pay for,” is applicable to the cheap health insurance coverage. But, more and more underinsured are bamboozled by marketing jargon and the fine print exclusions. For some 40+ million Americans without health insurance, there is a lack of consumer information about buying a medical insurance policy.
During the onset of the 21st century, a series of health insurance companies scammed at least 100,000 American consumers, absconding them with $85 million worth of hospital bills. The problem with the cheap health insurance coverage myth is that by the time “policyholders” realize their medical insurance is worthless, it’s too late. It happens about the time an authorization or unforeseen hospitalization is necessary.
A sole proprietor from Elgin, Illinois, who purchased cheap health insurance coverage, had a heart attack. After a month of rehabilitation, hospital bills started piling in. To no avail, the insurance holder contacted the insurance agency for the unpaid claims. But, the illicit insurance company had long disappeared with the premiums.
Today, these bogus cheap health insurance policies are national, affecting people in Illinois and across the nation. From the discount medical card, the dreaded disease policy (a policy which says that it covers chronic ailments such as cancer, heart disease) to the faith-based health plan, these inexpensive health scams cost the consumer in the end.
The cheap health insurance inflicts an aftermath of financial devastation. Once the unsuspecting policyholder develops an illness, necessitating hospital stay, these illicit insurance companies disappear without a trace. Meanwhile, consumers are saddled with an outrageous hospital bill, and the stigma of a “pre-existing medical condition,” rendering them uninsurable.
Avoiding fraud in the pursuit of obtaining Illinois health insurance is a matter of following two consumer smart strategies:
1. As due diligence is necessary, be sure to conduct your own background check, researching the health insurance company. Call the State of Illinois Attorney General’s office to confirm that the company holds a current license and does not have any reports or complaints. If your investigation determines that the health insurance company is not licensed or if the agency alleges that they are exempt from adhering to regulatory guidelines, it is an indication to continue shopping for another policy.
2. Opt for an agent with a proven track record and a reputable insurance provider. Although you may pay a little more for the policy, it exceeds the uncertainty associated with the cheap Illinois health insurance coverage.
For assistance on selecting an economical yet effective Illinois health insurance quote, please click here, Illinois health insurance quote. Our quotes are no obligation whatsoever.
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