What is life insurance fraud?Life insurance is one of the motives for murder in the US. Recipients of insurance money would kill or hire another person to murder the policyholder for the hundreds of thousands of dollars in insurance payout. Other instances of insurance fraud go as far as faking disabilities or death to obtain insurance money. Insurance fraud is generally described as hiding information during the application procedure and making false insurance claims afterward. People would also tend to cover up their ailments to be able to acquire a life insurance policy. With so much money at stake, insurance companies typically examine claims and suspicious deaths.They seek help from private investigators to probe insurance claims. However, some people are capable of using tactics to collect life insurance money and deceive family, friends, and insurers.
Types of life insurance fraudThere are two main types of life insurance fraud. The first kind is easier to investigate and has less legal or criminal consequences. The second kind is more dangerous and involves serious criminal charges. Here are some ways life insurance fraud are committed:
Faked Deaths and Disabilities
What is health insurance fraud?Health insurance fraud is another type of insurance fraud perpetrated by few deceitful individuals or institutions. Unfortunately, both providers and patients can commit this kind of sham. The medical providers who commit health insurance fraud often misrepresent and alter claims. They also charge more for services, items, and patient appointments that never occurred or furnished. The primary motivation for healthcare fraud by providers is to get more compensation from Medicare. Patients who try to scam healthcare also usually fabricate or conceal health information to receive benefits. Individuals often modify forms; deliberately not reporting information, or covering pre-existing conditions.
Types of health insurance fraudThe two types of health insurance fraud are as follows:
Individual Health Insurance Fraudster
Medical Institution Fraudster
Why do you need to talk to an attorney if you’re accused of insurance fraud?Insurance fraud robs other people of the benefits due to them. It’s a severe problem in the healthcare industry, and anyone proven to have committed the offense can face criminal charges. Violators might pay fines and spend significant time in prison. Any medical provider or individual who is found guilty of life and health insurance policies will have to live with a felony record and stigma for the rest of their lives. This is why you need to talk to an attorney if you've been accused of insurance fraud. As an insurance fraud attorney, Robert A. Dodell, Attorney at Law, will be able to resolve whether you have a legitimate claim and will fight for your best interests. Compensation must be accorded to you if you’ve been unjustly deprived of insurance or accused to have acted in bad faith.
Contact a Fife Insurance Attorney in ScottsdaleContact Robert A. Dodell, Attorney At Law for any fraud defense, or send an inquiry thru email to discuss your case if you’ve fallen victim or have become a pawn in life and health insurance fraud.
Finding a Life and Health Insurance Fraud Attorney to Help You was first seen on Law Offices Dodell
10601 N Hayden Rd, #I-103
Scottsdale, AZ 85260