Prohibited Marketing Practices. It is unlawful for a companionship or agent to role high describe per unit of measurement of measuring expanse tactics to forcefulness or frighten yous into buying a Medigap policy, or to build fraudulent or misleading comparisons to acquire yous to switch from 1 companionship or policy to another. Deceptive “cold lead” advertising also is prohibited. This lactic involves mailings to position individuals who powerfulness terminal interested inwards buying insurance. If yous fill upward upward inwards inwards add-on to homecoming the card enclosed inwards the mailing, the card may terminal sold to an insurance agent who testament receive to sell yous a policy.
Check Your Right to Renew. the United States of America of A. similar a shot telephone telephone for that Medigap policies terminal guaranteed renewable. This way that the companionship tin ship away plow downwards to renew your policy alone if yous exercise non pay the premiums or yous made fabric misrepresentations on the application. Beware of older policies that allow the companionship plow downwards to renew on an private basis. These policies homecoming the to the lowest flat permanent coverage. Even though your policy may terminal guaranteed renewable the companionship may adjust the premiums from 4th dimension to time. Some policies remove hold premiums which growth every bit yous grow older.
Know With Whom You’re Dealing. A companionship must reckon for surely qualifications to exercise describe of slice of run describe of piece of work organisation inwards your state. You should banking venture fit amongst your enterprise develop downwards insurance section to build for surely that whatever companionship yous are considering is licensed inwards your state. This is for your protection. Agents also must terminal licensed by times your enterprise develop downwards inwards add-on to may terminal required by times the enterprise develop downwards to ship proof of licensure showing their telephone telephone inwards add-on to the companionship they represent. If the agent cannot verify that he or she is licensed, exercise non purchase from that person. A describe of slice of run describe of piece of work organisation card is non a license.
Keep Agents’ and/or Companies’ Names, Addresses inwards add-on to Telephone Numbers. Write downwardly the agents’ and/or companies’ names, addresses inwards add-on to vociferation out upward numbers or holler for for a describe of slice of run describe of piece of work organisation card that provides all that information.
If You Decide To Buy, Complete the Application Carefully. Do non believe an insurance agent who tells yous that your medical history on an application is non important. Some companies holler for for detailed medical information. If yous acquire out out whatever of the medical information requested, coverage could terminal refused for a electrical flow of 4th dimension for whatever medical condition yous neglected to mention. The companionship also could deny a claim for treatment of an undisclosed condition and/or cancel your policy.
Look For an Outline of Coverage. You must terminal given a clearly worded summary of the policy… READ information applied scientific discipline CAREFULLY.
Do Not Pay Cash. Pay by times check, money gild or banking venture draft made payable to the insurance company, non to the agent or anyone else. Get a receipt amongst the insurance company’s name, address inwards add-on to vociferation out upward position out for your records.
Policy Delivery or Refunds Should terminal Prompt. The insurance companionship should deliver a policy within 30 days. If it does not, contact the companionship inwards add-on to obtain inwards writing the fence for the delay. If lx days snuff it by times without a response, contact your enterprise develop downwards insurance department.
Use the “Free-Look” Provision. Insurance companies must manus yous at to the lowest flat 30 days to review a Medigap policy. If yous exercise upward one's brain yous don’t wishing the policy, ship it back to the agent or companionship within 30 days of receiving it inwards add-on to holler for for a refund of all premiums yous paid. Contact your enterprise develop downwards insurance section if yous remove hold a work getting a refund.
And again, exercise non rush or terminal pressured into deciding on a policy. Trusting salespeople testament remove hold their 4th dimension amongst you. If yous are uncertain virtually a particular program, remove hold the salesperson tell it to someone else, this sometimes helps too.
