Post by sherlew99 on Nov 8, 2013 17:14:13 GMT -6
Insurance Scam; How Private Insurance Companies Are Using Obamacare Fears To Rip People Off
AUTHOR: RANDA MORRIS NOVEMBER 5, 2013 12:27 AM
[Excerpt]
Here’s how this scam works.
How this scam works is that private insurance companies send out letters notifying existing customers that their current policy has been canceled, because of the ACA’s new requirements. They then offer customers a new, ACA compliant policy at far higher rates than what the customer would pay if he went through the ACA marketplace. In most cases the insurance companies do not tell their customers what other options are available or even let them know they have a choice under the new law. Some insurance companies have pressed their customers to sign up for the new policies by a certain date, saying if they don’t, their health coverage will be lost.
AUTHOR: RANDA MORRIS NOVEMBER 5, 2013 12:27 AM
[Excerpt]
Here’s how this scam works.
How this scam works is that private insurance companies send out letters notifying existing customers that their current policy has been canceled, because of the ACA’s new requirements. They then offer customers a new, ACA compliant policy at far higher rates than what the customer would pay if he went through the ACA marketplace. In most cases the insurance companies do not tell their customers what other options are available or even let them know they have a choice under the new law. Some insurance companies have pressed their customers to sign up for the new policies by a certain date, saying if they don’t, their health coverage will be lost.
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