Illegal Activities

Q. I have been working with an agent in Atlanta who tells me his insurance policy is better than any other in the market. There are no health questions and no deductibles. His prices are much better than what I have seen from others, including you. How is coverage so much better?

A. For starters, he is not a licensed agent. It is a simple enough thing to check with the GA DOI and learn quite a bit about the people who are pitching you.

If the person is licensed, you can find out if they are new in the business or have been around a while. You can also see what kind of course work they have taken as part of their required continuing education. And you can see how many carriers they represent and which ones have appointed them.

If this individual told you they are an agent, they are misrepresenting themselves. If they told you the plan was insurance they are lying. Both are illegal acts.

The plan you are looking at from this unlicensed agent is not insurance. To qualify for health insurance you need money and good health.

To qualify for the non-insurance, discount plan he is pitching all you need is money and the ability to fog a mirror.

A true insurance plan will cover you against major illness & accident and limit your out of pocket to usually $5,000 or less.

A discount plan has no limit on how much you pay. The $60,000 bill you just rang up is all yours, they won’t pay a dime.

See the difference?

This entry was posted on August 17, 2006 at 12:51 pm and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response or trackback from your own site.

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