How Do You Handle Health Insurance Fraud?
If you suspect insurance fraud, report this immediately. Several private and government agencies handle insurance fraud claims. The Coalition Against Insurance Fraud estimates that health care fraud alone cost taxpayers $54 billion a year. Another study done by the Rand Institute for Civil Justice estimates that one-third of those in an auto accident inflate the extent of their injuries, costing an estimated $18 billion to American taxpayers each year. If you suspect insurance fraud or other swindles within the insurance industry, you can report it using this guide. Contact the insurance company directly to report insurance fraud. You may report insurance fraud to a number of agencies, but it is critical that the insurance company knows this first, so it can avoid financial losses and a host of other critical pitfalls. Reporting fraud to other agencies may take time, and in that time more abuse could take place, so notify the insurance company first. Call the National Insurance Crime B
