Anthem, an Ohio health insurance company was found to be overcharging consumers with health plan rates inconsistent with the terms filed with the Ohio Department of Insurance.
Earlier in the year, when policyholders realized that they were paying higher premiums and co-insurance rates offered via Anthem, some consumers contacted the Ohio Department of Insurance, requesting an investigation. According to Insurance Director Mary Jo Hudson, more than 45,000 consumers were paying significantly higher premiums than filed with the state of Ohio.
As a result, the Ohio health insurance company Anthem will issue refunds or credit valuing $6 million. To date, Anthem is cooperating with the parties involved in the situation.
By law, Ohio health insurance companies have to file their rates with the Ohio Department of Insurance. Although the Ohio Department of Insurance reviews Ohio health insurance policies to make sure that consumers are receiving equitable medical coverage for the price, the state does not always verify that every Ohio health insurance company extends policies as promised. The aforementioned details are a classic case of what happens when Ohio health insurance company ovreceharges.
How to Avoid Excessive Premiums from Ohio Health Insurance Companies:
President of Ohio Life and Health, Michael Novelli recommends that consumers execute the following due diligence:
- Consumers in need individual Ohio health insurance policy, attain the lowest premium by obtaining a minimum of two quotes.
- Simplify the quest for affordable Ohio health insurance quotes by working with an unbiased insurance agent, representing a roster of major Ohio health insurance providers. Avoid any agent, offering unknown or “new” health plans. All too often imposters sell fake policies, leaving the consumer with expensive hospital bills in the end.
- Prior to subscribing to a new policy, review all the exclusions and fine print. Be sure to verify that the premiums are concurrent with the new Patient Protection and Affordable Care Act (PPACA) by contacting the Ohio Department of Insurance at 800-686-1526.
- Before providing any agent with personal information to obtain an Ohio health insurance quote, verify that the agent’s license is current.
For hassle-free Ohio medical insurance advice, please dial: 1-866-522-5953.