Insurance fraud costs the average American family between $400 and $700 every year. Not only does it rob the US economy of billions of dollars annually, but many people suffer decreased quality of care and coverage as a result.
This type of fraud can be especially difficult to detect, investigate and deter. Learning about insurance fraud is not only beneficial to fraud investigators, but also to employers. When you know the signs of benefits fraud and other types of insurance fraud, you can save your company and the insurance provider a significant sum.
Want more information on insurance fraud? Read this article: The Ultimate Guide to Insurance Fraud Investigations.
As a first step towards fraud awareness, challenge yourself and your team with this insurance fraud quiz. You’ll test your knowledge and maybe even learn a thing or two. Boost your fraud awareness with the 20 multiple choice and true-or-false questions below.