Insurance Companies to Pay $1 Million in Fines

6 years 10 months 3 weeks ago Friday, August 09 2013 Aug 9, 2013 Friday, August 09, 2013 7:22:46 AM CDT August 09, 2013 in News
By: The Associated Press

JEFFERSON CITY - Three health insurance companies that issue policies for Assurant Health have agreed to pay $1 million for violating Missouri laws on handling claims.

Missouri's Department of Insurance says it found several instances in which Time Insurance Co., Union Security Insurance Co. and John Alden Life Insurance Co. denied claims for childhood immunizations, colon cancer screenings, mammograms, Pap smears and prostate screenings.

Under the settlement announced Thursday, the companies agreed to pay a $500,000 fine to the Missouri State School Fund and donate $500,000 to a state charitable or nonprofit organization of their choosing.

The companies also agreed to provide childhood immunizations without copayments, co-insurance, deductibles or waiting periods. They will also review all claims they denied for the basic procedures since Jan. 1, 2004.

 

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