How can I tell if a health insurance plan is a scam?

Direct answer

A health insurance plan is likely a scam if it requires an immediate wire transfer for payment, offers ‘guaranteed’ coverage without asking for your health history, or uses a high-pressure sales tactic to force an instant decision. You should verify the agent’s license through your state’s Department of Insurance website before providing any personal or financial information.

State Department of Insurance regulatory licensing verification protocols. For additional information about verifying a company’s authorization, see the National Association of Insurance Commissioners (NAIC)‘s state insurance department locator.


What this means for you

A health insurance plan is likely a scam if it requires an immediate wire transfer for payment, offers ‘guaranteed’ coverage without asking for your health history, or uses a high-pressure sales tactic to force an instant decision. You should verify the agent’s license through your state’s Department of Insurance website before providing any personal or financial information.

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