Every year our licensed, Medicare agent goes through extensive training, part of which is on Medicare Fraud, Waste & Abuse and it shocks and infuriates us to find that nearly $65 BILLION dollars annually is reported as such. Read that again….. $SIXTY-FIVE-BILLION-DOLLARS! That’s a whole lot of money that affects Medicare, Medicare Insurance Companies and Patients.
And we wonder why everything is so expensive. This problem is on every level of health care imaginable from healthcare providers to members, agents and brokers and prescription drug benefits. The most common types of Medicare and Healthcare/Insurance Fraud are… *Double billing: Submitting multiple claims for the same service. *Phantom billing: Billing for a service visit or supplies the patient never received. *Unbundling: Submitting multiple bills for the same service. What can I do? You ask. Here are some ideas….
Fraud, Waste & Abuse is not limited to Medicare either. Medicaid and private health insurance companies are victims also. To report Medicaid Fraud contact CMS at: https://www.cms.gov/About-CMS/Components/CPI/CPIReportingFraud OR 1-800-447-8477 and other health care fraud to the US Health & Human Resources Office of Inspector General Listed above. With the high cost of Medicare and Healthcare and Insurance, it’s important for everyone to do their part. Hopefully the information in this blog post will help you better understand Fraud, Waste & Abuse and what you can do to protect yourself, prevent it, and report such atrocities. We here at Curtis Insurance wish you and yours a Blessed and Happy Thanksgiving. We will be closed on November 24th and 25th in observance of the holiday. Until next time, take care and stay aware. Tommy Curtis and Staff Disclaimers: ALL material on this blog is available for informational purposes only and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own personal advisors before making these types of decisions. Life and Medicare Products marketed through Curtis & Associates Financial Services, Inc. {A Life and Health Agency} Medicare has neither endorsed nor reviewed this information. Not connected or affiliated with any United States Government or State agency. Calling this number will direct you to a licensed Agent/Broker. *By contacting us and providing information, you agree that an authorized representative or licensed insurance agent may contact you by phone, e-mail or mail to answer your questions and provide additional information about Medicare Advantage, Part D or Medicare Supplement Insurance plans. Comments are closed.
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Tommy Curtis
Is an insurance agent with integrity and your best interest in mind. Call to speak directly to him. Contact us Phone: 337-433-1683 Address: 509 7th Street Lake Charles, LA 70601 Office Hours: M-F 9a - 5p (CST) Follow Us
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