15 Things Your Health Insurance Company Doesn’t Want You to Know

There’s an air of finality to the invoice that your Health Insurance Company sends your way. You assume that their agents understand your coverage better than you do, so you accept the bill for what it is and go about searching the couch cushions for a few thousand dollars.

The truth of it is, Health Insurance is a business, and successful businesses only ever have dollars on their mind. These days, you can’t count on your Health Insurance Company to look out for you. You’re on your own.

That is, until now. Here at Healthversed, we’ve scoured the web and put together a comprehensive list of frequently asked questions aimed to save you time, money and stress. Here’s what your Health Insurance Company doesn’t want you to know:

It’s a Business

Health Insurance companies design the coverage plan, they decide to approve or deny your claim and they’re responsible for footing the bill on all of the claims that they approve. Now, this would be fine if all health insurance companies were impartial, altruistic enterprises… but you and I both know that they are anything but altruistic.

Health Insurance companies are a money making enterprise, and are motivated by a lot more than just your well being. You may have to battle tooth and nail to get your claim approved. And, as sad as that may sound, that’s how the system is built.

Valeri Potapova / Shutterstock.com
Valeri Potapova / Shutterstock.com

Create a Paper Trail

This may seem counter-intuitive, time consuming and a little old fashioned, but formal complaint letters to health insurance providers get the job done in a variety of different ways. For starters, penning and mailing a good old-fashioned letter could save you from having to endure hours of on-hold jazz tunes.

More importantly, it provides you with a communication paper trail. It’ll provide you with evidence that can aid a future appeal (if it even gets that far), and you’re almost guaranteed to get a response. Just do a little research to make sure your strongly worded letter ends up in the right hands.

alexkich / Shutterstock.com
alexkich / Shutterstock.com

You Can Fight

So… your insurance claim is denied and you’re stuck with another hefty medical bill. Game over.

Well… not exactly. You see, your health insurer is hoping beyond hope that their firm rebuke will be enough to send you scurrying back home. But in reality, health insurance companies have an appeal process.

Get your documents in order, do your research and be prepared to fight for what you deserve. Expect them to fight back but don’t be afraid to reach out for professional help if necessary.

Kinga / Shutterstock.com
Kinga / Shutterstock.com
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