Insurance Companies Can Easily Spot Fraudulent Insurance Claims

Fraudulent Insurance Claims Are Easily Spotted

Spotting fraudulent insurance claims is an important job for most insurance companies. The mounting losses from false and fraudulent insurance claims reported by customers can reach into the billions of dollars each year. Money lost from fraudulent insurance claims comes directly out of the insurance companies’ coffers and results in an overall insurance cost increase for honest customers. Many people mistakenly think that they can get away with filing a false claim, but the insurance industry watches claims meticulously. Insurance companies in the United States watch for suspicious indicators in order to help them prevent losses from fraudulent insurance claims cases. For example, an insurance company may conduct additional investigations before paying out a suspicious claim if the policyholder has a high debt … Read more

How to Spot and Prevent Medical Identity Theft

Medical Negligence Claims

It can happen out of the blue. You get a bill for health services that you never obtained, or maybe you file an insurance claim and your insurer tells you that you have reached your benefit limit. Identity theft can also be found in the medical and healthcare sectors. It is not just limited to your financial data. In this case, identity thieves confiscate people’s health insurance and personal details so they can obtain certain types of treatment, procure prescription drugs and receive medical care. How to Spot Medical Identity Theft Unfortunately, there are even people working in the medical field that are using patients’ information in order to submit bogus claims to insurance firms. Not only can your budget … Read more