There are many myths around insurance, and we are here to debunk them.
The first myth is that insurance is a scam. This is not true as insurance is regulated; insurance is also a unilateral contract. A contract is to be upheld in court unless the contract violates the law and a scam is illegal, so no contract could ever be honored that is a scam.
An insurance policy will cover everything. This is a total myth, as all insurance policies have an exclusion area. COVID is a reason to deny coverage; even vaccination being a reason is fake news. Also, elective treatments like plastic surgery, weight loss, ED, and hair loss treatments are not covered. Also, any illegal act or fraud is not covered.
ACA, also known as the Affordable Care Act and the Exchange is health insurance bought on a state-based exchange like Covered California or through Healthcare.gov.
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