Imagine buying an insurance plan, paying all the premiums and then not being able to claim the insurance when the need arises.Devastating,right? But that is not something new to happen. A whole lot of people have their insurance claims denied every year,leading to financial crises.
Why a claim may get rejected:
- Failure to timely fill deadlines
- Failure to produce medical records
- Failure to request pre-authorization
These are some of the reasons why your health insurance claim may get denied.Hence,it is very necessary to be precise and efficient while claiming insurance. When it comes to making health insurance claims, an individual can go down two paths-one,to do it all by themselves and two, to hire an insurance broker.
Benefits of hiring an insurance broker
Unlike insurance agents,insurance brokers don’t work for any particular company. They help you deal with multiple companies,having a wider knowledge of the marketplace. Hiring an insurance broker is actually cost-effective contrary to what it seems. It saves you the time and the hassle that you would otherwise have to spend in claiming your insurance by yourself and the chances of rejection get drastically lowered as well.