State regulators kick unauthorized health insurance provider from Minnesota market
State regulators on Tuesday suspended and fined an unlicensed health insurance provider that allegedly sold deceptive coverage plans to nearly 1,700 Minnesotans that made them employees or “limited partners” but failed to pay their medical claims.
The
Other state authorities that have investigated the company found it classifies people who enroll in plans as employees who are supposed to install tracking applications on their phones, allowing
The
According to the
Customers were designated as “limited partners” or employees without their knowledge, according to the
Customers paid monthly premiums up to
Two Minnesotans, identified in state documents as R.W. and M.W., reported paying more than
Another customer, identified as M.T., said Strategic paid less than
“This is a cautionary tale,” said
“As open enrollment begins, Minnesotans should be extremely careful when selecting health coverage,” she said in a statement. “If it sounds too good to be true, or if the company isn’t licensed in
Insurance regulators in other states have taken actions to limit
Last year
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