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Posts Tagged ‘Dad’
Can GMAC Be Liable for Letting Someone Commit Fraud on a Credit Life Insurance Policy?
Dad bought Tahoe at GMAC, they (dealer, who he’s known for 30 years) knowingly new he had all the conditions listed on application, but still let him apply anyway. Dad passed 8/09/06, so now credit life sends forms wanting to know all health problems. If had none of the problems, then car would be paid off, otherwise my mother will get back the $2,220 the price of policy. Somehow shouldn’t GMAC have fraud charges on them or some kind of consequence. Besides the dealer, the financial person also knew that he had all the illnesses. How can they let someone apply, knowing if they have any of the illnesses they will be denied and if they answer no to illnesses and credit life wants a medical history on applicant, which then applicant can get charged with fraud.
Question About Hospital Bills and Write-Offs?
I stayed at a hospital for three days in November. I have a $1500 deductible which I have not met yet. My EOB (Estimation of Benefits) said I may owe $2200 (out of $6000) — most of that $2200 includes my deductible and co-insurance. However, when I recdived the bill a month ago (around December 15th), it shows that I owed only $58 and, according to the itemized bill, most of the $2200 I owed was written off. Is this possible? Or does this sound like an accounting mistake? (My mother-in-law, who knows a lot of people who work at that hospital, will be checking it out this week.)
1. I’ve had outpatient procedures at this hospital and I can tell you that they have not written off a huge amount like this — some, but not a huge amount.
2. About two years ago, my dad had gallbladder surgery at a different hospital. Out of the $25,000 he owed, insurance paid $15,000, but he ended up owing only $1,000 because the hospital wrote the rest of this off.
3. Do hospitals tend to write off big bills that are processed towards the end of the year — for tax purposes?
I am on Blue Cross/Blue Shield BlueOptions (PPO) with a $1500 annual deductible. They have a contract with this hospital.
medical billing association