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Further Thoughts You'll Need Next Time You Go Shopping For a HealthCare Insurance Policy
by Chad McDonald
Prohibited Marketing Practices. It is unlawful for a company or
agent to use high pressure tactics to force or frighten you into
buying a Medigap policy, or to make fraudulent or misleading
comparisons to get you to switch from one company or policy to
another. Deceptive "cold lead" advertising also is prohibited.
This lactic involves mailings to identify individuals who might
be interested in buying insurance. If you fill in and return the
card enclosed in the mailing, the card may be sold to an
insurance agent who will try to sell you a policy.
Check Your Right to Renew. States now require that Medigap
policies be guaranteed renewable. This means that the company
can refuse to renew your policy only if you do not pay the
premiums or you made material misrepresentations on the
application. Beware of older policies that let the company
refuse to renew on an individual basis. These policies provide
the least permanent coverage. Even though your policy may be
guaranteed renewable the company may adjust the premiums from
time to time. Some policies have premiums which increase as you
grow older.
Know With Whom You're Dealing. A company must meet certain
qualifications to do business in your state. You should check
with your state insurance department to make sure that any
company you are considering is licensed in your state. This is
for your protection. Agents also must be licensed by your state
and may be required by the state to carry proof of licensure
showing their name and the company they represent. If the agent
cannot verify that he or she is licensed, do not buy from that
person. A business card is not a license.
Keep Agents' and/or Companies' Names, Addresses and Telephone
Numbers. Write down the agents' and/or companies' names,
addresses and telephone numbers or ask for a business card that
provides all that information.
If You Decide To Buy, Complete the Application Carefully. Do
not believe an insurance agent who tells you that your medical
history on an application is not important. Some companies ask
for detailed medical information. If you leave out any of the
medical information requested, coverage could be refused for a
period of time for any medical condition you neglected to
mention. The company also could deny a claim for treatment of an
undisclosed condition and/or cancel your policy.
Look For an Outline of Coverage. You must be given a clearly
worded summary of the policy... READ IT CAREFULLY.
Do Not Pay Cash. Pay by check, money order or bank draft made
payable to the insurance company, not to the agent or anyone
else. Get a receipt with the insurance company's name, address
and telephone number for your records.
Policy Delivery or Refunds Should be Prompt. The insurance
company should deliver a policy within 30 days. If it does not,
contact the company and obtain in writing the reason for the
delay. If 60 days go by without a response, contact your state
insurance department.
Use the "Free-Look" Provision. Insurance companies must give
you at least 30 days to review a Medigap policy. If you decide
you don't want the policy, send it back to the agent or company
within 30 days of receiving it and ask for a refund of all
premiums you paid. Contact your state insurance department if
you have a problem getting a refund.
And again, do not rush or be pressured into deciding on a
policy. Trusting salespeople will take their time with you. If
you are uncertain about a particular program, have the
salesperson tell it to someone else, this sometimes helps too.
About the author:
Submitted on behalf of a travel health insurance site for people
searching for health insurance travel information.
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Yahoo! News Search Results for Classic Car Insurance
Yahoo! News Search Results for Classic Car Insurance
Vauxhall Car Prices Lowered in Line With VAT Reduction (carpages)
1 Dec 2008 at 6:58am
From today Vauxhall will reduce the cost of all its cars by 2.5 per cent, in line with the Chancellor's announcement earlier last week that VAT will be charged at 15 per cent, down from 17.5 per cent.
Thailand: Capital Feels Pinch From Airport Shutdown (Sin Chew Jit Poh)
2 Dec 2008 at 4:11am
BANGKOK, THAILAND: The orchids given to passengers on Thai Airways have long since wilted on the international runways shut down for a week.
Thai capital feels pinch from airport shutdown (AP via Yahoo! Malaysia News)
2 Dec 2008 at 3:56am
The orchids given to passengers on Thai Airways have long since wilted on the international runways shut down for a week.
Thai capital feels pinch from airport shutdown (GMA News)
2 Dec 2008 at 4:01am
BANGKOK, Thailand - The orchids given to passengers on Thai Airways have long since wilted on the international runways shut down for a week. Now thousands of Thai families who raise orchids - flown t...
Sentinel Morning Update: Family tailors sweaters for goats (The Sentinel)
2 Dec 2008 at 12:13am
Misty walks around the pasture like any ordinary goat, eating grass and looking for a little attention from her people. But unlike most ordinary goats, Misty, a black and white LaMancha, pads through ...
Auto body shop moves back to Shippensburg (The Sentinel)
2 Dec 2008 at 12:22am
A shop specializing in auto body repairs and restoration work is back in the Shippensburg area after moving to Carlisle five years ago.
How did the NBER reach its recession finding? (The Globe and Mail)
1 Dec 2008 at 1:58pm
And, how to buy gold bars for investment purposes
Traditional green and quaint Ireland still exists, but it'll cost you (Pittsb...
30 Nov 2008 at 11:27pm
CAMP, Ireland -- This was the place, or close enough. ...
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Technorati Search for: Classic Car Insurance
Technorati search for Classic Car Insurance
The Bobo says - Show Us ?Them Guys? was Down Wit Hemp
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We Were in the Bobo Carnival of Politics - here?s the poop; and our retort follows. Here we are - once again. Considering it was Thanksgiving Week - we still had a pretty good turnout with the submis...
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The classic car of your dreams is out there Go out and don't hesitate, there's a world of quality Pick ups out there. Buy a Pick up now before the price goes up! You won't be sorry. I've had too much...
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How to Bargain For a Cheaper Car Rental? By Pankaj Gupta No doubt, car rental has evolved as one of the most fantastic ways to travel at any corner of the world. Car rental provides immeasurable com...
7 Unexpected Ways Your Credit Score Affects Your Finances
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We all know just how important our credit score is when we apply for a loan. High credit scores get approved, while low scores do not, subject to other factors of course. But as it turns out, your cre...
Things to Consider Before Buying a Car
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by Darren Cason To be successful financially, you have to show some motivation and independent thinking. This includes the decisions you make regarding the type of vehicle you drive and some intellig...
Creating a Car Wash Business Plan
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Michael Gregory asked: Before embarking on writing a business plan for starting a car wash, a definition of what a business plan is in order. A business plan is a document to identify an opportunit...
Women Are the Worst Back Seat Drivers?
30 Nov 2008 at 11:41pm
Women may be great drivers behind the wheel, but they are the worst back seat drivers. The car is hardly moving, when they feel an overriding compulsion to shout, ?turn left, that way is faster? or ?t...
1971 Was a Good Year For vintage car : Or Having Fun in My Antique Car
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