Watch out for health care reform scams
Posted on 25 April 2010
By Mark Miller
Permanent URL of this article: http://retirementrevised.com/money/watch-out-for-health-care-reform-scams
Con artists are swindling unsuspecting consumers into buying bogus health insurance products promoted as being related to the new health care law, according to The New York Times.
Insurance regulators in Illinois, Kansas and Alabama report telemarketing scams offering fake products such as Obamacare insurance or “government health care reform insurance.” Many of the scams have targeted older consumers and included requests for bank account numbers. The pitch usually involves promises of affordable compliance with the new law.
Experts told the times that the frauds are frauds are easy to detect, and advised consumers to avoid insurers who use the bogus term Obamacare or who say they can expedite Medicare prescription drug coverage rebates. Also, don’t sign anyting without confirming that an insurer is licensed to do business in your state. You can get that information from the state insurance regulator in your state.
Click here for more on health care reform scams in the Kansas City Star.
