Friday, February 5, 2021

Health insurance scams can cost you big

Consumer Alerts from the Federal Trade Commission

by Lisa Lake
Consumer Education Specialist, FTC

In 2018, we told you about Simple Health, a group of companies that the FTC says tricked people into signing up for what the companies told them was comprehensive health coverage that met Affordable Care Act standards. Instead, people wound up with premiums as high as hundreds of dollars a month for coverage the FTC says was nowhere near the full, ACA-qualified coverage Simple Health promised. And as some of its customers were stuck with thousands of dollars in medical bills, Simple Health collected more than $195 million because of its deception, according to the case.

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