Insurance Companies: Healthcare and MWI
What is actually a health insurance? This is a kind of agreement between an insurance company and a person. Insured pays money regularly and due to this contract the insurer must pay all the medical costs of the insured in case if he or she gets ill. This is rather simple and legal. Then why are there so many issues with private insurance? We will discover this question on the basis of complaints against two insurance companies: Healthcare and WMI.
No transparency in financial sphere.
In Healthcare and MWI it happens really often that insurance companies raise their recompenses but their customers get a notion of it only in the end of the year. And in such situation a person counts on his or her insurance plan but all of the sudden it is found out that the premiums of the insurance company have raised.
Constant delays.
When an insured makes a claim and the sum of it is quite large, then insurance company agents do take their time like in many cases with Healthcare , delaying payments as much as possible, saying that there is a great need to check everything, to get some proofs, etc. In some cases they intend to avoid payments.
No coverage for some treatment.
There is usually a very long list of different treatment or diseases which are not covered. But what should sick people do if everything else had not helped? If this kind of treatment or medicines is the last chance? Besides, most insurance companies do not provide dental care coverage.
They influence the way people are treated.
Sometimes insurance company restricts the number of visits to doctors, because they cover those expensive procedures. Or they can reject to pay for the more expensive kind of treatment, even though it is more effective.