PRES. BIDEN IS SHUTTING DOWN BOGUS INSURANCE PLANS

Jul 07, 2023

President Biden recently announced that he is taking action against bogus insurance plans, which have been a major problem for many Americans. These plans often leave people with little to no coverage when they need it most, and they can be incredibly expensive.

What are bogus insurance plans?

Bogus insurance plans are essentially scams that are designed to look like real insurance. They often have low premiums, which can be very enticing, but they don't provide the coverage that people need. These plans are often marketed to people who can't afford real insurance or who have pre-existing conditions that make it difficult to get coverage.

bogus insurance plans

Why are they a problem?

Bogus insurance plans are a problem because they leave people without the coverage they need when they need it most. Many people who have these plans end up with huge medical bills that they can't afford to pay. In addition, these plans can be incredibly expensive, even though they don't provide the coverage that people need.

medical bills

What is President Biden doing about it?

President Biden is taking action to shut down these bogus insurance plans. He has directed the Department of Health and Human Services to take a closer look at these plans and to make sure that they are not being marketed to people who can't afford real insurance or who have pre-existing conditions. In addition, he has instructed the Department of Justice to go after companies that are selling these plans and to hold them accountable for their actions.

president biden

What does this mean for you?

If you have a bogus insurance plan, you should be aware that it may not provide the coverage that you need. You should also be aware that these plans are illegal and that you could face penalties if you continue to use them. If you're not sure whether your insurance plan is legitimate, you should contact your state insurance commissioner or a licensed insurance agent for help.

What should you do if you have a bogus insurance plan?

If you have a bogus insurance plan, you should contact your state insurance commissioner or a licensed insurance agent for help. They can help you find a legitimate insurance plan that will provide the coverage that you need. You should also report any companies that are selling bogus insurance plans to the Department of Justice.

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insurance agent

Conclusion

Bogus insurance plans are a major problem for many Americans, but President Biden is taking action to shut them down. If you have a bogus insurance plan, you should contact your state insurance commissioner or a licensed insurance agent for help. Together, we can make sure that everyone has access to the coverage they need. LET DEFENDRIGHT HELP YOU!

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