Date Posted: Tuesday, August 12th, 2014
Categories: Insurance Commissioner
Insurance Commissioner Karen Weldin Stewart was recently recognized at the annual conference of the Society of Financial Examiners (SOFE), held this year in Philadelphia, for her Department’s assistance with a major insurance fraud investigation that has led to extensive federal charges.
Insurance Commissioner Karen Weldin Stewart, CIR-ML, announced that the Delaware Department of Insurance will submit the 2015 rate filing requests covering plans to be offered on Delaware’s Health Insurance Marketplace to the Centers for Medicare & Medicaid Services, CMS, today (8/8/14). Commissioner Stewart reviewed the filings submitted by the insurers and successfully worked with one of the insurance companies to reduce the requested rate increase of some plans.
Insurance Commissioner Karen Weldin Stewart and the Delaware Department of Insurance report that $1,407,464.40 has been recovered for consumers in the first six months of 2014. This number represents an increase of 49.57 percent in funds recovered for Delaware consumers compared to the same period last year.
Insurance Commissioner Karen Weldin Stewart is alerting drivers in Delaware that as of June 25, 2014, Delaware law-enforcement officials will accept proof of auto insurance (insurance ID card) in physical or electronic format.
With the passage of Senate Bill 42 (SB 42) in 2013 there are new Medigap options available to disabled Medicare recipients under 65 but time to purchase the plans is limited. SB 42 became effective on January 1, 2014, and requires insurance companies that offer Medigap policies to people 65 and older to also offer the same policies to anyone under the age of 65 who qualifies for Medicare due to a disability.
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