Thursday, July 11, 2013

3 Ways Your Health Insurance Company Is Scamming You

The growing number of consumers taking up health insurance plans has led to the mushrooming of scam health insurance providers. These providers often target new retirees and the elderly individuals and small-business owners, who can't negotiate better rates with legitimate insurers. Be very cautious before you invest in any health policy. Read on to get an idea about 3 ways in which your health insurance company can scam you.

1.    Failure to pay claims

Usually fraud health insurance agents sign up a huge number of people quickly by offering them lucrative deals. These insurance providers keep paying small premium amounts and medical claims, but if there is a substantial claim amount or regulators catch them, these illegal companies vanish as if they never existed.

So, just beware if you are getting delayed payments or your service provider is offering fake excuses for the failure to make the payments. If you have signed up for these illegal plans, you may be liable for the medical bills of your employees as well.

2.    Non-licensed health plans

If the company from which you have bought your health care policy is not licensed by State Insurance Commissioner, you can be in trouble. If all the protections of insurance regulation do not apply on your service provider, then the company may be phony. In this case your service provider is scamming you by selling non-licensed health plans.

Insurance agents are not allowed to sell any legitimate ERISA or union plan as federal law governs them. So, if your insurance agent tries to dupe you by selling an “ERISA” or “union” plan, report them to your state insurance department.

3.    Unusual coverage offered at lower rates

If you are offered an unusual coverage irrespective of your health condition and that too at lower rate and much more benefits in comparison to other insurers, its time for you too hit the panic button. Do not get fooled by the lucrative offer, else you can be taken for a ride. The ‘scamsters’ aim to collect huge amounts as early as possible so, they try to sell maximum number of policies at attractive prices. 3 Ways Your Life Insurance Company Is Scamming You

Wednesday, May 8, 2013

Personal Bank Loans For Life's Little Emergencies

Personal bank loans are the perfect way to get past life's little emergencies. Life can through some pretty stressful things your way, and more often than not, it seems like all that it takes to get past those most stressful of times is some extra cash. If you are faced with uncertain times and could use some extra cash in your pocket to get over life's most recent curve ball, consider what getting a personal loan from a bank can do for you.

Cheap Personal Loans For Consolidation!

Impending debt problems can lead a negative impact on your credit score. Over a period of time, it can cripple your financial situation. Are debts jeopardizing your life? Worried that you will never be able to handle your debts? If your answer is yes, to any of the problems, you can avail cheap personal loan for consolidation. You must be wondering how cheap personal loan for consolidation will change your life! Is it just another loan that will add to your existing debt burden? The answer is NO! Contrary to popular belief these loans will help merge your various high interest debts into one affordable loan and help you manage your debts properly. Debt consolidation secured personal loan comes with a lower interest rate which contributes to a lower monthly payment so you can save! You can easily put an end to the harassment of your various lenders and think ahead - a DEBT FREE life!