Federal Trade Commission building in Washington, D.C. Photo: Diego M. Radzinschi/ALM
The Federal Trade Commission is refunding nearly $100 million to consumers who purchased fake health plans marketed by Benefytt Technologies as comprehensive health insurance or an Obamacare plan under the Affordable Care Act.
Benefytt, which operated under various names, such as Health Insurance Innovations, used aggressive marketing and fraudulent websites in a scheme to lure consumers in search of health insurance into buying bogus policies with high monthly fees, according to the FTC's complaint in August 2022. After buying the bad insurance, which offered little coverage, customers often were billed for additional items they never agreed to purchase, even if they had requested a cancellation.
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