The FTC is sending millions of dollars of refunds to victims of a health insurance scam perpetrated by Consumer Health Benefits Association (CHBA) after settling its lawsuit against the company. The FTC sued CHBA alleging that the company sold misleading medical discount plans to people who were led to believe they were buying comprehensive health insurance. CHBA sold misleading medical discount plans and made if difficult for customers to get refunds or cancel the plans. Among the misrepresentations of CHBA were that the plans were widely accepted, which they were not and that they would provide the same cost savings as legitimate health insurance policies.
TIPS
Choosing and purchasing medical insurance can be confusing and difficult. Before purchasing any policy from a company with which you are not familiar, you should check with your state insurance commissioner's office to find out if the company is properly licensed and truly selling insurance. For this information you can go to http://www.naic.org or http://www.consumeraction.gov. It also is helpful to do an online search using the company name and the words "scam" or "complaint."
Here is a link to information about how to choose a medical plan. https://www.healthcare.gov/choose-a-plan/comparing-plans/
Here is a link to an article by the FTC that describes the critical differences between health insurance and medical discount plans. https://www.consumer.ftc.gov/articles/0165-discount-plan-or-health-insurance
For more information about this particular refund program go to the first page of Scamicide.com to the "FTC Scam Refunds" section.
If you are not a subscriber to Scamicide.com and would like to receive daily emails with the Scam of the day, all you need to do is sign up for free using this link. https://scamicide.com/scam-of-the-day/
No comments:
Post a Comment