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Negative information abounds online on most major companies, including HealthMarkets... Read More
The health insurance industry is highly regulated. As such, state regulators have the right to take a close look at the policies and procedures of any insurance company selling within their state either as part of a routine review, or as part of a market conduct exam if they perceive there are issues with a company. Read More
No. As detailed in the Multi-State Market Conduct exam report recently published by the Washington Office of the Insurance Commissioner, the re-examination of the Company’s business practices was required as part of the Regulatory Settlement Agreement (RSA) the Company entered into in 2008. Read More
Does HealthMarkets sell health benefit plans - whether scheduled plan designs or otherwise?
The company voluntarily discontinued marketing scheduled plan designs in May 2010 following the enactment of federal healthcare reform. HealthMarkets’ insurance subsidiaries continue to serve all of our new or existing customers who have in-force health plans.
To the extent that HealthMarkets’ insurance subsidiaries still offer health insurance plans, they comply with the federal guidelines in the Patient Protection and Affordable Care Act of 2010 (PPACA). All of the plans offered are also subject to approval and oversight by the insurance regulators in each state where they are sold. Read More
HealthMarkets’ insurance subsidiaries utilize several methods to provide customers with detailed information about the coverage they have purchased. Read More