Insurance Commissioner Karen Weldin Stewart today announced she has fined Companion Life Insurance Company $487,000.00 for numerous violations of Delaware’s insurance code, including misrepresenting its limited benefit and short term health insurance plans as compliant with the Affordable Care Act.
The Delaware Department of Insurance and the National Association of Insurance Commissioners (NAIC) announced a national service that provides consumers with search capabilities to help find a deceased person’s lost life insurance policies and annuities.
Insurance Commissioner Karen Weldin Stewart and the Delaware Department of Insurance announced today that its Consumer Services Division recovered $2,959,783.45 for consumers during the first nine months of 2016. Delaware employers also saved $12,126,418.00 in workers compensation premiums during the same period through the Department’s Workplace Safety Program.
The open enrollment period for health insurance plans offered in 2017 through Delaware’s Health Insurance Marketplace ends on January 31, 2017. If you want coverage to begin on January 1, you need to enroll in a plan by December 15. Delaware residents who are looking for personal assistance with selecting a plan should visit www.choosehealthde.com to connect with health navigators who provide free support. Consumers can select or change plans on their own at www.healthcare.gov.
Medicare’s annual open enrollment period continues until December 7. If you’re a Medicare recipient, now is the time to review the options for 2017 Part D prescription drug plans. The Delaware Medicare Assistance Bureau (DMAB) exists to assist Delaware’s Medicare recipients with their questions related to Medicare, Medicare Advantage and prescription drug plans.
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