12 Tips to Protect Yourself from Health Care Fraud

37% of Americans aged 62 –75 ranked fear of fraud ahead of concern for health crises and terrorism!

Health care fraud is not just about losing money, it can make you sick or hurt you. From unsafe drugs sold on the Internet as a “cure” for cancer, to wheelchair billing plots that try to bilk consumers and Medicare out of millions of dollars for unneeded or improper equipment, health care fraud is everyone’s concern!

Health care fraud, errors and abuse costs the US between $80 and $160 billion a year. $1 of every $10 spent on public insurance programs like Medicare and Medicaid is lost to fraud. Health care fraud causes big financial problems for you as well- the most recent estimate is that consumers themselves lose more than $10 billion each year to health care fraud.

Don’t Be a Victim!

Consumers like you play a big role in the fight against health care fraud by reporting errors and possible fraud. Law enforcement is important, but the best protection comes from preventing people from being cheated in the first place. There are 12 simple steps you can take to protect yourself and your family.

Take Action– post the 12 Tips to Protect Yourself on your refrigerator and use them as a daily checklist to make sure you are keeping your personal information and health safe.

12 Tips to Protect Yourself from Health Care Fraud

  1. Only visit your personal doctor, hospital or clinic for medical help. Only they should make referrals for special equipment, services or medicine.
  2. Never show anyone your medical or prescription records without first talking to your doctor or pharmacist.
  3. If someone calls and tries to threaten or pressure you into something – simply hang up the phone.
  4. If someone comes to your door and says they are from Medicare or some other health care company shut the door…It’s shrewd to be rude!
  5. Do your homework and talk to your health care provider before buying or investing in internet “cure-all” or “miracle” products or services.
  6. Don’t keep mail in your mailbox for more than one day. People steal personal information right out of your mailbox.
  7. Rip up or shred your Medicare or other health care papers and other important documents before throwing them away. Crooks go through the trash!
  8. Treat your Medicare & Social Security numbers like credit cards. If someone offers to buy your Medicare or social security number, don’t do it…it’s simply not worth it.
  9. Remember that “Medicare” doesn’t sell anything.
  10. Follow your instincts—if it seems too good to be true, it usually is!
  11. If you suspect an error, fraud or abuse related to health care, gather the facts and report it.
  12. ALWAYS read your Medicare Summary Notice (MSN) or health care billing statement. Your Medicare Summary Notice is the piece of mail stamped “This is Not a Bill” that comes in after you get medical care. Look for three things on your billing statement:
    • Charges for something you didn’t get
    • Billing for the same thing twice
    • Services that were not ordered by the Doctor

Everyone pays the price for health care fraud, errors and abuse, through higher insurance payments, increased costs for medical services and equipment, and greater expenses for Medicare and Medicaid. But more importantly, lives are at stake.
Source: The National Consumer Protection Technical Resource Center

13-02-2009 by Sorli

Tips: Why Should I Own An Insurance Policy?

Here are some reasons why that you should own insurance:

  • As a preparation if struck by a disaster, we do not know when an accident will occur.
  • Having insurance while still young and healthy can give higher returns when the insurance has matured.
  • As a future savings for a source after pensioning.
  • Increasingly higher cost for learning. For example, my child should possess insurance to ease our burden later.
  • As an inheritance to my child and heir if I died as a consequence of a disaster.
  • Health insurance is needed to accommodate the medical cost and treatment if I am hospitalized.

A lot of benefits when owning insurance. It is not a gamble of life but as a preparation to face the uncertainty.

by Sorli

Teach Children Money Management at Their Young

Children are not born with good money management skills, they have to be taught. And parents can start doing so around the age of three. By then the child will usually have a vague concept that money can be exchanged for food or toys. This they observed when they go out shopping with the family.

Setting Good Examples

Action speak louder than words in forming the child’s attitude toward money. Children can spot inconsistencies when parents say one thing and do another. Therefore parents should examine their own money attitude and practices.

This would, for example, mean not being overwhelmed by debts or not being a walking advertisement for branded goods.

by Sorli

Insurance and Men: Reasons Why Do They Need One

Insurance and Men.If we view the present scenario, there are still many of us does not own an insurance policy yet. Regardless of what the package core whether it is life insurance, medical insurance, education insurance or investment insurance, the interest to have an insurance is still ‘blurry’ in the society’s eyes.

This situation obviously shows the practice of having insurance still new due to lack of education and awareness of its importance of being protected by an insurance package. Let alone the living environment in this era which offers challenges whether from the economy, security and health aspect.

For some peoples, insurance is perceived as burden. This is because they are forced to allocate a portion of their salary to pay premium, whereas its return and benefit is not known when it can be taste. When some incident or disaster happens, it is then when the insurance policy interest and importance can be benefited.

The Money Saving Factor

‘Money saving’ or ‘money keeping’ factor always become a reason to refuse having an insurance policy. For some people, the premium payment which is in average as low as $80, $150 or $300 per month is perceived as burden. This form a mentality in society which often avoids each time they are visited by an insurance agent.

Men which become the hope of their family and as a chief are the key individuals who need to be protected by insurance. It is a gamble of his life and put the bad luck on the man’s shoulder solely, but it is in fact a long term protection and effect which will be enjoyed by them in their hard time.

In overall the society is still not yet exposed to the benefits of having an insurance policy. Men which become the head of the family do not see their interest need to be protected. This indirectly put the fate and future of their family and beloved ones in risks.

Imagine should a man, who is unprotected by insurance and involved in an accident, does just the hospital treatment is enough for him whereas he could affords to receive further treatment in a private hospital and received financial assistance incentive during the treatment period.

by Sorli

Auto Insurance: Understanding Car Insurance

Understanding car insurance.
Unexpected losses. Future disasters. Insurance can protect against all these eventualities which are potential money draining experiences.

In the case of being an owner of a vehicle, shop around for a good policy and a good tip is to purchase more coverage than required to cover for a variety problems. Some examples of policies include:

Liability

This coverage pays for accidental bodily injury and property damages to others. Injury damages include medical expenses, pain and suffering and lost wages. Property damage includes damaged property and automobiles.

This coverage also pays defense and court costs. The law determines how much liability coverage you must purchase, but you can always get more coverage than required.

Collision

This coverage pays for damages to your vehicle caused by collision with another vehicle or object.

Comprehensive

This coverage pays for loss or damage to the insured vehicle that doesn’t occur in an auto accident. The types of damages comprehensive insurance covers include loss caused by fire, wind, hail, flood, vandalism or theft.

Medical Coverage

Pays medical expenses regardless of fault when the expenses are caused by an auto accident.

PIP

Personal Injury Protection (PIP) pays medical expenses for the insured driver, regardless of fault, for treatment due to an auto accident.

Uninsured Motorist

Pays your car’s damages when an auto accident is caused by a driver who doesn’t have liability insurance.

Underinsured Motorist

Pays your car’s damages when an auto accident is caused by someone who has insufficient liability insurance.

Rental Reimbursement

This type of coverage will pay for a rental car if your car is damaged due to an auto accident. Often this coverage has a daily allowance for a rental car.

Factors That Affect the Pricing of the Auto Insurance

Now that you know more about the various policies available, it’s also essential to know what type of factors affect the pricing of the auto insurance such as:

Drive ‘Safe’ Car

The first thing that affects your policy price would be what kind of car you drive. For instance, a sports car will definitely be more expensive to insure compared to a family car. Also, if your car is a popular target with thieves, chances are that your coverage will be more expensive.

Neighborhood and Mileage Counts

Another factor is where you reside. If you reside in an area which is crime ridden, your policy will be a more expensive one. Drivers who clock up long distance in driving will also pay more than those who live nearby their work places.

Depends on Your Profile

The final factor is that the price depends on yourself. Your age, your gender, marital status and driving records are all taken into account for. Accident rates are higher for drivers under the age of 25 years old, so if you are young, expect to pay a wee bit more.

With that in mind, have fun researching on various policy packages offered by insurance packages to find out the policy that suits your profile!

07-02-2009 by Sorli

Parents Role In Educating Their Children on Money Management

Kids today have more money to spend than previous generations. Their attitude towards money will be influenced by their parents, the media and their peers. It is important to start them on the right track since their spending habits as children and teenagers will shape their attitude towards money as adults.

Children who learn good money management skills will be better chance of becoming adults who can make sound financial decisions and not getting into money trouble.

However, teaching children about the value of money is more difficult in today’s increasingly cashless society since they do not always see money being paid immediately for the purchase of goods and services. And yet because we live in society where credit is so easily available that the ability to manage money is even more important.

But since good financial skills are taught at school, it is up to parents to develop such skill in their children. But when does one should start teaching children about money?

by Sorli

Tips How to Get Cheap Auto Insurance Quote

Here are some useful tips on getting cheap auto insurance quote. These tips are from Brian, a former insurance agent and financial consultant. He gives some tips on how to get cheap auto insurance quote:

Examine Your Auto Insurance Policy – A few changes in the auto insurance coverage can save hundreds of dollars in the insurance premium.

Increase The Insurance Deductible – Deductible is the amount of money have to be paid before an insurance company pays a claim. Raising it can save hundreds of dollars per year of the car insurance.

Install a Security System – Most insurance companies will give discount if security system is installed to the car.

Decrease Your Mileage – The auto insurance that have to be paid is directly proportional to the number of miles you drive. So cut down your mileage, try car pooling or walking sometime.

Shop Online for Cheap Auto Insurance – Try to compare them online.

06-02-2009 by Sorli