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How Hospitals Are SCAMMING YOU

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Finance With Sharan

Don’t you get the feeling that there is little difference left between five star hotels and the socalled stateoftheart hospitals?

Both give five star service, and if you are not aware, these hospitals charge a bomb & too, sometimes even double the average cost.

Yes, you guessed it right.

The insurance companies don’t like it. * They put a clause called “US” or “usual, reasonable and customary” clause. ❎

Meaning, they will only cover the average cost for that kind of procedure in your geographical area.

A difference of 1020% percentage is fine, but not beyond that. This is why so many claims get settled only partially. ( And it is difficult to fight for the exorbitant cost that the hospital charged you.

➡ So next time you have a planned procedure, make sure to have a rough estimate as to how much such a procedure costs in your area. You can then choose the hospital accordingly !

#financewithsharan #healthinsurance #insurancetips #insuranceagent #lifeinsurance #moneytalks #moneymotivated

posted by offevoifshy