by Monica Mendoza Published: September 1,2011
A new health insurance website launched today from the Colorado Division of Insurance hopes to answer the questions about the cost of health insurance — questions that plague Coloradans, officials said. “This new website will help arm consumers with the facts on what drives the cost of health insurance premiums, how to shop smart for [...] [...]
by Monica Mendoza Published: August 29,2011
Tags: Colorado Division of Insurance, Medicare fraud, Senior Medicare Patrol
Colorado’s Senior Medicare Patrol is tough on Medicare fraud and was recently recognized for its efforts. The Colorado Division of Insurance’s Senior Medicare Patrol received three national awards for its role in combating Medicare fraud. Colorado was recognized for being among the states with the highest number of Medicare fraud cases referred for investigation – [...] [...]
by Rebecca Tonn Published: December 21,2010
The Colorado Division of Insurance says the average annual rate increase this year was 12.9 percent. And, it’s expected to keep rising in 2011. Some factors that affect costs include: “claims experience,” or how many claims were filed in the prior year and how severe they were; medical costs, including doctors, hospital charges, laboratory services [...] [...]
by Amy Gillentine Published: November 17,2010
The Colorado Division of Insurance fined Pioneer General Insurance Co. $533,000 for violations of insurance law related to the Colorado bail bond business. Pioneer General is licensed to provide a range of surety bonds in Colorado, but the recent market conduct examination focused on its bail bond business. According to figures reported to the division, [...] [...]
by Amy Gillentine Published: November 8,2010
Marcy Morrison, commissioner of the Division of Insurance, will retire at the end of November. Gov.-elect John Hickenlooper will appoint her replacement as part of his transition plans for 2011. But Morrison doesn’t plan to wait. “Typically, December and January are a slow time of year,” she said. “And insurance companies are going to want [...] [...]
by Amy Gillentine Published: September 29,2010
Tags: Aetna, Colorado Division of Insurance, small group insurance
Aetna will no longer offer small group insurance in Colorado starting Friday, according to reports from Colorado Managed Care News. The insurance company decided it “could no longer meet the needs of our customers” while remaining competitive in the small group market. That group includes employers with between two and 50 people. Aetna declined to [...] [...]
by Amy Gillentine Published: September 20,2010
World Insurance Company has paid a $153,000 fine for not providing coverage to Colorado customers that it promised, a violation of state insurance law. The Colorado Division of Insurance cited the Nebraska-based company for: failure to provide coverage for procedures that were preauthorized by the company; failure to provide complete benefits for newborns, including an overly restrictive [...] [...]
by Amy Gillentine Published: September 16,2010
Anthem will pay about 90,000 policyholders in Colorado a total of $20 million under the terms of a settlement with the Colorado Division of Insurance. The money will go to people who were insured by Anthem’s individual health insurance policies from Jan. 1 to Sept. 30 of this year. The settlement came as a result [...] [...]
by Amy Gillentine Published: August 23,2010
The Colorado Division of Insurance has cancelled a public hearing against Pinnacol Assurance that was scheduled for Wednesday. The division and Pinnacol have reached a tentative agreement on the problems and Pinnacol’s board of directors will vote on the settlement tomorrow. The hearing – the first time the division has taken the step in a [...] [...]
by Amy Gillentine Published: July 23,2010
Tags: American Trade Association, Colorado Division of Insurance, fraud
A deadline of Aug. 31 has been set to to apply for refunds from an unlicensed health benefits company called American Trade Association. The Colorado Division of Insurance was alerted earlier this year that the company was selling unauthorized, and possibly non-existent, policies. ATA’s assets are being liquidated by the Tennessee Department of Commerce and [...] [...]
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