Something complicated about health insurance plans in comparison to other products you purchase, is the fact that this is not a tangible product. As a result, assessing the quality of the insurance is a little bit harder, especially for the fact that you will only know how good your health insurance is until you finally have to use it.
Watch out for the improper use of terms
First thing you need to know to distinguish is the difference between legitimate terms and the ones that are deceiving. One of the first hints of scam can be found at the moment of seeing that your agent is in fact a membership or enrollment coordinator when you should be speaking to a licensed agent instead. Also, watch out for “discount plans” and others that imply lower costs when you actually might just get discount on medication but the insurance plan price would stay the same.
Moreover, if your agent ever mentions the word “reinsurance,” you should seriously consider consulting another company or at least make a few phone calls and assess the legitimacy of this company. The term “reinsurance” is used to indicate the insurance that covers health insurance companies if something were to happen to them. Therefore, this term is not relevant to clients and should not be use at any point during the communication with an agent.
Check the legitimacy of the company
Perhaps you feel too attracted to an insurance plan just because it seems very affordable and promising. However, remember that must things that look too good to be true are usually like that. Hence, it is good to investigate and get in contact with the proper authorities to verify that the insurance company you want is actually real. Also, make sure that the agent who will be handling your medical insurance inquiries actually has a license and is not someone who just wants to take your money. At the end of the day, the most reliable companies are the ones that have existed for long and had built their reputation over the years. Make a right choice and do not fall for scams!