Your Insurance Matters Archive Page

The September 28th, 2008 Show

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Topics

Hyperbaric Oxygen Therapy and its role in Sports Medicine.
In recent years, professional and college teams have started using hyperbaric oxygen therapy to treat sports injuries.
HBOT has been used to facilitate soft-tissue healing.
To minimize the time between injury and HBOT treatment, some professional sports teams have on-site centers.

Insurance In The News

An influential auto safety group is calling on states to raise the age for getting a driver's license.
Car crashes are the leading cause of death among teenagers.
Not surprisingly, a lot of teens hate the idea. Many parents do too.

Insurance Outrage of The Week

With The Economy and Financial Giants Failing, What Happens to Conseco’s 144k Long-term Care Policyholders?
Seniors with LTC policies administered by Conseco, are going to be put into an irrevocable trust that may cost them dearly. 
They haven’t even been notified.

Special Guest:

Lori Klauber

Term of The Week
Ancillary Services:
Health care services conducted by providers other than physicians and surgeons. These will usually include such services as physical therapy and home health care.

Larry's Tip of The Week
With the financial crisis that looms over us and many consumers having difficult financial times we’re seeing an auto insurance scam that is putting drivers at risk.

The scam is fraudulent insurance I.D. cards and is currently predominant on the east coast.  These cards are being purchased by consumers in an effort to not pay for auto insurance and still get their vehicles registered for the road.  These cards are also being purchased by honest unsuspecting consumers who believe they purchased legitimate insurance.

Officials estimate that New Yorkers have lost millions to fake insurance card scams.  If you  are involved in an auto accident that is not your fault, and the other driver does not have legitimate insurance you are left holding the bag.  Unless you have uninsured and underinsured  motorist coverage, you are not  going to collect for damages to your car.

If an uninsured motorist hit’s a pedestrian, that leaves the pedestrian with the responsibility of paying his medical expenses, unless he has health insurance.

The swindlers are targeting undocumented immigrants as well as consumers who are not that well educated about buying insurance.

The  best things you can do to protect yourself.

  1. Buy insurance from a licensed agent or broker.  You can verify the agents license on the dept. of insurance website, for your state.  If you don’t have Internet access you can call your state dept. of insurance.

  2. You can also call the licensed insurance company to verify that you have real insurance coverage.

  3. I recommend that you carry uninsured and underinsured motorist coverage to protect you from those without insurance.  Like the slogan from an older “American Express” card commercial say’s,
    “Don’t leave home without it”.


 

 

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