Live Insurance News

Health insurance scam victims get almost $100 million in FTC refunds

April 22, 2024April 20, 2024 Nordstrom

Consumers previously charged for sham medical plans will receive refunds. The Federal Trade Commission has announced that consumers that were charged for Benefytt Technologies-marketed scam health insurance plans will receive a refund as part of a total $100 million. This is the outcome of an FTC complain from August 2022 Benefytt and its third-party partners allegedly ran a number of deceptive websites aimed at consumers who were shopping for comprehensive health insurance plans that were Affordable Care Act qualified. Agents were allegedly selling the Benefytt plans even though they were…

FTC issues warning about health insurance scams

October 22, 2014October 19, 2014 Marc

States are promoting their insurance exchanges, but consumers could be at risk of exploitation Many states in the U.S. are beginning to promote their health insurance exchange ahead of a new open enrollment period, but consumers are being warned that they could be taken advantage of by scams. The Federal Trade Commission has issued a warning about insurance scams that seek to prey on those that are shopping for policies through state-based exchange marketplaces. These exchanges will begin selling coverage in November, and those that are not careful about how…