Scammers are contacting people shopping for health coverage and making their offers sound like real health insurance — when in fact they’re only selling medical discount plans. According to the
FTC, these plans don’t provide the comprehensive benefits people expect from legitimate health insurance, and misleading marketers often hide the real limitations until after payment. The agency warns consumers to be wary of sales pitches that feel rushed, overly promotional, or unclear about what services are actually covered.
The FTC recommends confirming exactly what you’re buying before sharing personal or financial information. Real health insurance must meet specific federal and state requirements, while medical discount plans only offer reduced prices from participating providers — not coverage for medical bills. Reviewing plan documents carefully, asking whether a plan is ACA-compliant, and watching for vague or evasive answers can help you avoid deceptive sellers. The FTC also provides educational resources and videos to help consumers recognize and avoid these schemes.
MVSB is here to support our community by helping you protect your financial information when evaluating any insurance or health-related offer. Our team can review common fraud tactics with you, assist with secure account settings, and provide guidance on recognizing suspicious payment requests and impostor schemes. Contact us anytime to learn how we can help safeguard your accounts and keep your personal information protected.
