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Do not let insurance companies trick you out of the benefits you deserve

When you or someone close to you is struck by a serious illness or injury, dealing with insurance companies often adds stress, frustration and delay to a situation that is most likely already quite challenging. Unfortunately, because insurers increase their profits by minimizing the benefit payments they make to you and other policyholders, they have an incentive to make the claims process as confusing and discouraging as possible.

Companies profit by minimizing claims payments

The good news is that, by learning to recognize some of the most common tactics used by insurance companies to maximize their own profits at your expense, you can help level the playing field and increase your chances of obtaining the maximum benefits you are entitled to. Although not every insurer engages in these underhanded tactics, some do. Therefore, it is important to be aware of the issue and take steps to protect your own interests if you encounter difficulties obtaining fair payment for your insurance claim.

Some of the most commonly used methods of minimizing payments to insurance claimants include:

  • Denying claims. One of the easiest ways for insurance companies to increase their profits and minimize payments is by simply denying claims, even if they are valid. Because many people simply give up when a claim is denied, rather than pushing back and resubmitting the claim or filing an appeal, this is often a very effective way for insurers to avoid making payments.
  • Delaying payment. Another way that insurers save money for themselves is by putting off paying claims, often by requiring additional documentation or complex paperwork. For insurers who wish to avoid payment, this tactic can be successful in one of two ways. In some cases, the claimant may simply give up or even die before securing payment. In other cases, even if the company does end up paying out the claim, the insurer still increases its profits by holding onto the funds for a longer period of time.
  • Deliberately causing confusion. The insurance claims process is notoriously complicated and confusing, and this is often no accident. By making the claims process difficult to navigate, insurers create obstacles that prevent insured individuals from getting the benefits they are entitled to. Not only do needless complications deter and discourage claimants from seeing their claims through, they also increase the chances of errors that provide insurers with the excuse to deny or delay those claims.

If you have had trouble obtaining payment on an insurance claim, it is important to understand that you have legal rights and that there are professionals available who can advocate on your behalf and help you stand up to the insurance company. Contact The Law Office of Samuel G. Livingston, P.C., to discuss the details of your situation and learn about the legal options that are available.

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The Law Office of Samuel G. Livingston, P.C.
25188 Genesee Trail Road,
Suite 140,

Golden, CO 80401

Phone: 720-443-5876
Fax: 720-904-0471
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