Shoppers mistaking medical discount plans wind up losing money and still having no insurance. People are led to believe that these are real California health insurance plans and marketers of their plans see nothing wrong with that.
Real California health insurance plans will cover your complete hospital stay up to five million dollars. In comparison, a discount plan will give you $500 per day if you are admitted to the hospital. What good is $500 if your bill is over one hundred thousand dollars in one day? To make matters worse, marketers of the discount plans are telling shoppers that they have unlimited access to California health insurance providers. The truth is that the discount cards hold no value to the consumer.
The California Department of Managed Health Care is asking for new licensing regulations regarding medicl discount plans.