Travel Insurance

Why Travel Insurance?
You might have cross-checked your luggage, your passport, your visa………..but what about your travel insurance?
While we choose to travel, very few of us realise the importance of travel insurance even though our travel agents tell us a whole saga about its importance. Let’s find out what all situations you might confront during your travel:
•Cancellation or Delays: If for some unexpected or unknown reason your flight gets delayed or cancelled, your travel insurance will cover you. •Medical Emergencies: If you fall sick or are injured during your travel, your travel insurance will give you financial coverage.
•Loss or Stolen: If your luggage gets lost or stolen during your trip then your travel insurance will cover you as per the plan policy.
While taking up travel insurance cover most of us think about small things like luggage, cancellation and delays. It tends to skip our mind that travel insurance also takes care of major issues like our illness and accidents which we might encounter during our trip. Travel…… whether for business or pleasure should be accompanied by travel insurance. Travel insurance is specifically designed to cover you against the possible risks you may experience while travelling abroad. There are wide number of providers who can offer you travel insurance. Don’t opt for the first insurance cover that comes your way.
Explore the market; educate yourself with all the terms and terminologies of the travel insurance cover that will help you to avail the best travel insurance.

See my other guide on Travel

Health Insurance

Health Insurance Fraud: What You Should Know

Due to rampant deception, scams and abuse in the health care system, consumers are forced to pay the price—literally—through escalating medical costs and rising health insurance premiums.
Health Insurance Scams
According to the Insurance Information Institute, health providers and facilities such as doctors, hospitals, nursing homes, diagnostic labs and attorneys routinely attempt to defraud the health insurance system…with devastating results.
Billing health insurance companies for expensive treatments, tests or equipment patients never had or never received
Giving health care recipients unnecessary, dangerous, or life-threatening treatments
Selling low-cost health insurance coverage from fake insurance companies
Stealing medical information and using it to bill health insurance companies for phantom treatments
If health insurance fraud knocks on your door, these types of scams may leave you with medical debts, damaged credit ratings, falsified health records, a high level of stress and overpriced health insurance premiums…or the inability to get any health insurance at all.
Charge your health insurance company for services you never received or medical procedures you don't need
Bill your health insurance company for brand-name drugs when you actually get generics
Misrepresent cosmetic or other health care procedures not usually covered by health insurance plans as covered
Fighting Health Insurance Fraud
* Check with your state insurance department to make sure your health insurance company is licensed in your state. * Check out your health insurance company for consumer complaints, fraud convictions and bankruptcies through your state department of insurance. * Keep detailed medical records. * Never sign blank insurance claim forms. * Avoid salespeople offering free health services or advice. * Never pay your health insurance premiums in cash. * Beware of health insurance companies offering you coverage at an unreasonably low price. * Ask your health insurance provider about anything you don't understand regarding your bills.
Protect your right to health insurance, lower your premiums and keep your medical information safe.

See my other guide on Travel