The number of no-fault insurance fraud cases have risen steadily in New York with 11,000 incidences reported already this year. Compared to last year this is a seven percent increase. The New York State Insurance Department is suggesting changes be made in required auto insurance coverage to hopefully eliminate the number of fraud cases. The changes will impact consumers in terms of the insurance requirements and the cost of auto insurance.
In general the proposed rules give insurance companies much more leeway when it comes to handling what it suspects are fraud cases. For example, one proposal is to make it easier for insurance companies to dispute health care charges that exceed appropriate free schedules.
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The current debate regarding health insurance and health care is really a discussion over two distinct issues. Health insurance is a risk management product sold by insurance companies, while health care involves medical services provided by hospitals and doctors. This distinction is very important when discussing the reforms proposed by lawmakers, and an examination of the issues surrounding each is important to reform.
Health Insurance
Health insurance is a product sold to those who cannot afford to pay for the service of doctors and hospitals out of their own pocket, and this includes most Americans.
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Dental insurance is now becoming just as much of a necessity as health insurance, but when determining what dental insurance plan would fit you best, it is important not to just look for cheap and affordable dental insurance. Besides cost, there are other factors you will want to consider before choosing your next dental insurance plan. For more info on shopping for dental insurance check out The Top 5 Questions to Ask Yourself When Choosing A Dental Insurance Plan.
What your kid will pack off to college bears no resemblance to what you took. Today’s college-bound teens are leaving home with a pricey inventory of electronic equipment and sports gear. Here are some tips and basic info to make sure those valuables are protected.
Since theft is not unheard of in college dorms, check your homeowners’ insurance or your renters’ insurance policy. Your child’s campus dorm room may qualify as an extension of your home in the eyes of your insurance provider, which means all the possessions kept there are covered, usually up to 10% of your total personal property limit. For exa
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