Beware of UCR Rate Reductions

If you keep up with insurance industry news you may have heard the fuss about something called UCR rate reductions. The protest is because the big insurers have found another way of ripping their customers off. In the industry, the term UCR stands for "Usual, Customary, and Reasonable" fees, and is basically a way for insurers to estimate an average cost of medical care in a specific location.

But the trouble comes when your insurer gets their average numbers by using whatever data they choose, and then low-balling the general cost of care. By doing this, your insurer will determine the maximum amount of your payable benefits. By intentionally underestimating costs, they are reducing the amount of money they will have to pay you.

This practice has come under much scrutiny lately and the big insurers are on the defensive. It has been especially under fire in the state of New York, where in 2009, the State Attorney General lead a campaign that resulted in several class-action lawsuits.

And while new legislation by President Obama's administration is meant to protect consumers from insurer abuses, UCR rate reductions remain all-too-common. The best way to protect yourself against a rogue insurer is to know your rights. For legal advice, contact a Massachusetts class action attorney with experience and knowledge in UCR rate reduction cases.

For more information on out-of-network fees and insurance rate reductions and overcharges, visit our library. 

The attorneys at Phillips & Garcia will fight for your rights in your health insurance class action lawsuit. We are committed to protecting your best interests and helping you collect the damages you need and deserve to move on with your life. If you have been treated unfairly or been a victim of insurance claim denials or overcharges, contact Phillips & Garcia today to schedule your FREE legal consultation - (877) 892-5620.