Anthem again pays restitution and fine over claims delays
DAVE RESS Richmond Times-DispatchCulpeper Star-Exponent
Anthem Health Plans and its HealthKeepers managed care plan continued to delay paying claims on time despite earlier promises to fix the problem, State Corporation Commission Bureau of Insurance filings show.
As a result, the state's biggest health insurer has agreed to settle the matter by making restitution payments totaling $346,096.12 to 1,680 consumers and 586 providers.
Anthem also paid a fine of $118,000.
Virginia workers' comp rates decline again
In addition, the company promised to fix issues with its internal information about contracting, credentialing, network status and fee schedules of providers. The bureau said these internal issues had delayed claims payments to behavioral health providers.
"This offer is being made solely for the purpose of a settlement and does not constitute, nor should it be construed as, an admission of any violation of law," Monica Schmude, Anthem's Virginia president, told the bureau.
State law requires payment of "clean" claims within 40 days. These are claims for which there is no good faith determination or dispute about the claim, such as benefits covered or the eligibility of the claimant.
The company had previously paid a $300,000 fine for violating the 40-day rule, and in a July 16, 2024, letter to the bureau, said it had addressed all internal issues related to delayed claims in 2021.
But even as it wrote, the bureau was again fielding complaints about delayed claims, and Anthem settled this matter by making restitution payments of $2,676 and paying a $111,900 fine.
General Assembly sets limits on ICE, allows marijuana sales
In Assembly's sprint to finish, bills on PFAS, insurer denial pass final hurdle
Report: Home insurance rates go through the roof in Colorado
Column: Lawmakers need to listen to people with IDD
Advisor News
- Gen X and millennials seek new retirement model
- Are families ready for the costs of aging at home?
- When a client moves, their insurance plan needs to move, too
- A rising retirement challenge: The license to spend
- Financial stress leaves less room for retirement saving
More Advisor NewsAnnuity News
- Gen X and millennials seek new retirement model
- Global Atlantic names Dan Farrelly head of IMO and IBD channels
- A rising retirement challenge: The license to spend
- What lower interest rates mean to annuity payouts
- AM Best downgrades A-Cap insurers amid financial and regulatory troubles
More Annuity NewsHealth/Employee Benefits News
Life Insurance News