Bait and Switch

Why do presumably otherwise intelligent people cry foul when getting an online health insurance quote and then discover the quoted rate is not the final rate once an application is submitted? Do they claim bait and switch when they get a solicitation from a credit card company advertising 2.9% rates? Or mortgage loans at 2.9%? Or car loans? How about those nothing down, no payment until 2015 on cheap furniture? People like Rick Unger must either be ignorant or the have an agenda. As the premium prices published by any Internet health insurance exchange cannot possibly deliver the entire pricing picture, due to the fact that no insurance company listing a policy on a web-based exchange can give a ‘pre-Obamacare’ quote until all the details of an applicant’s health situation is fully known to the issuer, I viewed—and continue to view—the comparison as wholly unreasonable. To underscore the point, and to highlight the substance of my objection to Avik’s argument, I relayed some of the comments and criticisms offered up by past customers shopping at eHealthInsurance.com who experienced higher rate quotes once they went through the application process. Forbes Heads up Ricky. The same phenomena would occur if you applied direct to the carrier or went through an agent . . . unless you were in perfect health. Rates quoted for health insurance, car insurance, life insurance, car loans, mortgage loans, etc are for PREFERRED customers. If you aren't preferre...
Source: InsureBlog - Category: Medical Lawyers and Insurers Source Type: blogs