Mike Kreidler (Photo: Washington State Office of the Insurance Commissioner)
Mike Kreidler, the Washington state insurance commissioner, has imposed fines on two health insurance market players in the past two weeks.
Kreidler announced that Health Plan Intermediaries Holdings LLC, an arm of Health Insurance Innovations Inc., has agreed to pay a $1.5 million fine to resolve allegations concerning its appointments with two insurers, its affiliations with 434 insurance producers, the registration of a "doing business" as name, and the authorization status of some of the products it sold in Washington state.
Kreidler announced Dec. 30 that he has ordered another organization, Trinity Healthshare Inc., to pay a $150,000 fine, and blocking the organization from operating in Washington state after 2020, in connection with the allegation that Trinity has marketed itself as a health care cost sharing ministry without meeting Washington state's legal definition of a health care cost sharing ministry.
Resources
- Links to information about Washington state's action against Health Insurance Innovations Inc. are available here.
- Information about Washington state's action against Trinity Healthshare is available here.
- A link to Health Insurance Innovations' statement is available here.
None of the allegations included in the Health Insurance Innovations order or the Trinity Healthshare order seems to involve a failure to pay the promised benefits.
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Allison Bell
Allison Bell, a senior reporter at ThinkAdvisor and BenefitsPRO, previously was an associate editor at National Underwriter Life & Health. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached through X at @Think_Allison.
