New Nevada Division of Insurance logo to help with avoiding insurance scams

Avoiding insurance scams

Avoiding insurance scams 

Scams are big business. And they’re becoming more and more common in the insurance industry. Every year, Medicare alone loses billions of dollars from fraud, errors, and abuse. Luckily, the Nevada Division of Insurance (DOI) is working to recover money and help Nevada residents with avoiding insurance scams.

Nevada Division of Insurance recovers over $6.1 million for Nevadans in 2023

As insurance scams become an increasingly serious threat, the Nevada Department of Insurance investigates thousands of insurance complaints every year to attempt to recover money for policyholders who have fallen victim to scams or were not paid what they were due from insurance companies.

On September 6th, 2023, the Nevada DOI announced they had recovered over $6.1 million for Nevada consumers this year. The funds came from helping residents settle claim disputes and recovering money owed to policyholders from their insurance companies.

“As Nevada’s insurance regulator, our job is to make sure insurance companies are providing the services and benefits they have promised to their policyholders. These recovery numbers show the Division’s continued commitment to protecting Nevada’s consumers,” said Commissioner Scott Kipper in the press release.

Tips for avoiding insurance scams

Although the DOI works to recover money lost in insurance claims and scams, the best way to not be a victim is to understand basic tips for avoiding insurance scams:

      • Work with a local team – One of the best ways to avoid being scammed is to work with a reputable local health insurance team and meet with them face to face. Many scams are performed over the phone or internet, and meeting someone in person is a great way to avoid scams.
      • Understand your policy – Some insurance policies, like discount plans, aren’t regulated by the Affordable Care Act. Make sure you understand your policy and the coverage options to ensure you’re covered for specific procedures and that you don’t overpay for insurance.
      • Safeguard your personal information – Never give out your personal information to unsolicited calls or visitors.
      • Note who you’re working with – Write down the name, license number, and agency of anyone who attempts to sell you insurance.

    If you or someone you know has information regarding suspected insurance fraud, you can contact the Nevada Department of Insurance via the Nevada DOI website. You can also contact the Attorney General’s office directly at (775) 987-2100.

    Work with a local Nevada team who cares

    At Health Benefits Associates, we understand the importance of avoiding insurance scams. Our team of dedicated professionals will meet with you to help you find the best coverage options for your needs.

    Come in and talk to a licensed broker at one of our five locations in Northern Nevada, including Reno, Sparks, Fernley, Carson City, and Truckee (California). We would be happy to walk you through the options and offer friendly advice for all your health insurance needs. Contact us today to get started.Av