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  • Geebo 8:00 am on July 22, 2019 Permalink | Reply
    Tags: , Expedia, , insurance, , , ,   

    Scam strikes vacation sites! 

    Scam strikes vacation sites!

    If you’re still looking to plan your vacation for this summer, you may want to be extra careful who you book your vacation with. The Better Business Bureau has been warning potential vacation-goers to make sure you use the proper travel website when booking travel plans. While most reports we’ve seen have mentioned Expedia, we imagine that this could happen with any well-known travel website. The scam works like a lot of phishing scams by posing as a website that looks identical to sites like Expedia but directs you to call a different number than Expedia’s actual number. The scammers will then tell you that their system is down and can you make payment using a prepaid debit card. That should be your red flag as once payment is transferred from that card the money is gone. Real travel platforms will never ask you to pay by prepaid debit card or gift card.

    Speaking of the BBB, they’re also warning about a scam that’s currently happening in the Pacific Northwest. It appears that a genetic testing scam is happening there now. You may see commercials for services that promise to test your genetics to give you your ethnic makeup. Most of these are established services with decent reputations. However, there are scammers trying to cash in on this craze by coming to your door or setting up shop in senior centers. If you’re asked for any kind of medical insurance information such as your Medicare number it’s a scam. This particular scam is designed just to get your medical carrier information to be able to commit future insurance fraud with your information. This scam also tends to target those who are on Medicare or Medicaid.

    Lastly, we have a scam out of the Midwest where some Sheriffs Offices are warning residents about it. In this scam, you’ll receive a phone call from someone claiming to be a border agent from either the Canadian or Mexican border. These fake agents will say that a rental car registered in your name has been found with drugs in it. They’ll even try to say that your name has been connected with a drug cartel. The scammers will then try to ask you for financial information to try to clear the incident up such as your bank account or credit card numbers. If you receive one of these calls it’s recommended that you hang up immediately.

     
  • Geebo 9:02 am on June 6, 2017 Permalink | Reply
    Tags: AAA, insurance,   

    Car insurance for Teslas is about to go through the roof 

    Car insurance for Teslas is about to go through the roof

    So you finally made it to the point in your life where you can purchase a Tesla as your primary vehicle. Good for you. They’re great for the environment and they surpass most, if not all, of the safety standards put forth by the government and consumer groups. Unfortunately, that doesn’t change the fact that you may be paying another arm and a leg for the insurance. AAA has come out and said they are raising the rates for insurance on the Model S and the Model X. So if the cars are so safe why are the rates being raised?

    It comes down to the fact that in this case, Tesla is a victim of their own success. Their manufacturing process is so unique that not only are the parts prohibitively expensive, but so is the cost for specially trained mechanics. You can find many stories on the internet where Tesla owners ended up paying thousands upon thousands of dollars for something as routine as a blown tire. In AAA’s eyes this means even though the safety standard is high for Teslas, the cost of replacement parts is so astronomical it has to raise their rates to properly insure these uncommon vehicles. Other insurance companies are expected to follow.

    Do you think AAA is making a cash grab by raising the rates of one of the safest vehicles of all time, or are they justified due to the costs of parts and labor even for the most minor of items?

     
  • Geebo 10:22 am on May 26, 2016 Permalink | Reply
    Tags: , insurance   

    Healthcare coverage that leaves you feeling sick 

    Healthcare coverage that leaves you feeling sick

    The Affordable Care Act, aka Obamacare, was designed to bring affordable healthcare coverage to US citizens who previously couldn’t afford it. Even with Obamacare there are still a vast number of Americans who can’t afford health coverage. Many of those desperate for some kind of coverage may respond to one of the many ads for discount healthcare coverage that they may have found online, on TV, or even on a roadside sign that promises great benefits at a cut-rate price. As is the norm in many of these cases, the promises of great coverage for your family go largely unfulfilled.

    A lot of these healthcare plans aren’t insurance but they’re what’s called discount programs. In some cases these programs make a deal with a local or national PPO network and will allow you to see doctors at the same discounted rate that fully insured people get however the plan doesn’t actually pay any money on your behalf to your doctor. You only get a discount and still have to pay the majority of your bill to the doctor’s office. Many healthcare professionals may be in-network with the PPO plan named on the discount card but a great number of them won’t even accept any patients using only a discount plan. That’s not even mentioning that these discount plans don’t fulfill the Individual Mandate requirements of Obamacare that say those that don’t have sufficient health coverage will be fined by the government.

    Here’s a tip on how not to be fooled by these programs if you’re looking for real healthcare coverage. There’s one word you need to keep an eye out for and that word is ‘insurance’. If the ad does not use the word insurance then it isn’t healthcare coverage that you need. Back in the days when fax machines were more prevalent than the internet these plans would spam fax machines with these same promises but in very small print at the bottom, sometimes blurred out by poor quality faxes, would be a disclaimer that said ‘This is not insurance.’

    While these ads may use words that sound like they may be insurance, unless they use the actual word they’re not.

     
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