Commissioner Stewart Fines Highmark BCBSD and Aetna $483,000
Insurance Commissioner Karen Weldin Stewart today announced she has fined Highmark Blue Cross Blue Shield Delaware $383,000 for numerous violations, including failure to pay policyholder claims in a timely fashion. Commissioner Stewart has also fined Aetna, Inc. $100,000 for failing to pay policyholder claims in a timely fashion and for charging excessive copays, among other violations.
Sign Up for Health Insurance before January 31 or Pay Higher Penalty at Tax Time
The open enrollment period for obtaining health insurance through Delaware’s Health Insurance Marketplace ends on January 31. If you want health insurance coverage to begin on February 1, you’ll need to enroll in a plan by January 15. If you enroll in a plan between January 16 and January 31, your health insurance will not take effect until March 1, 2016.
Commissioner Karen Weldin Stewart Receives National Recognition as Insurance Pioneer
Influential trade publication Captive Review magazine has named Insurance Commissioner Karen Weldin Stewart to its first Enterprise Risk Captive Pioneers list, recognizing 20 of the “key influencers” in the United States’ smaller captive industry.
Maryland Businessman Jeffrey Cohen Sentenced to 37 Years in Federal Prison for Crimes Uncovered by Delaware Insurance Department
DOVER, DE – Delaware Insurance Commissioner Karen Weldin Stewart announced today that former insurance company executive Jeffrey B. Cohen, was sentenced to 37 years in federal prison and required to pay $137 million in restitution by U.S. District Court Judge William D. Quarles, Jr. in Baltimore, Maryland today. Cohen had perpetrated multiple frauds upon policyholders […]
The Health Insurance Marketplace Open Enrollment Period Has Passed, But You May Qualify for a Special Enrollment Period
The open enrollment period for the Health Insurance Marketplace, www.healthcare.gov, ended on February 15; however, some people may qualify for a special enrollment period (SEP) going on right now. The time to apply is limited; this special enrollment period ends on April 30.
