When shopping for insurance, avoid scams by asking the right questions.
When shopping for insurance, avoid scams by asking the right questions.
When you’re shopping for insurance, many people will help you. Some, however, will try to take advantage of you with practices that range from misleading to downright illegal.
Protect yourself with these reminders.
Ask if it’s too good to be true.
Insurance coverage that costs little or nothing is worth just that. Even some seemingly reputable companies will entice you with a low rate upfront, but it may cost you considerably more in the future.
Find the right fit.
There are many Medicare Supplement plans—all approved by the federal government. If one insurance company or their offerings don’t suit you, find another company.
Expect great service.
Medicare Supplement plans are identical from one company to another—federal law requires it. The difference lies in the service you receive. Look for a company that:
Question insurance agent compensation.
Some insurance companies compensate their agents to get a quick sale. Be sure the company pays its staff to do what's in your best interest instead of what will make money fast.
It is illegal for insurance companies to do any of the following:
If you suspect illegal or suspicious activity, please report it to the National Association of Insurance Commissioner.