Insurance scams have been around a long time. However, in the next few months, you may hear about more of them than usual.
The ongoing implementation of the Affordable Care Act gives fraudsters multiple opportunities to prey on unsuspecting victims. First of all, the law affects nearly every American in one way or another, but many of us are unsure of how exactly we are affected. The law is extremely complex, and even the “experts” implementing the law have expression utter confusion over it. Additionally, some parts of ObamaCare, particularly the insurance exchanges and Medicare and Social Security regulations, vary from state to state. What someone knows to be applicable in one state may not be true in another.
Due to its overarching impact, the lack of cohesion, and the confusion surrounding the law, it is practically an open invitation for deception and abuse. Here are the three most common ways that fraudsters are trying to take advantage of the rest of us: