HealthMarkets, Inc. was recently fined $20 million following a market conduct exam that found problems with consumer disclosure and agent oversight. Do you recognize the name? Perhaps you would recognize some their affiliate names: the Mega Life and Health Insurance Company, the Chesapeake Life Insurance Company, or Mid-West National Life Insurance Company of Tennessee. The bad news for HealthMarkets, Inc. didn’t stop with the hefty fine as their A.M. Best rating was recently lowered as well. Founded in 1899, A.M. Best is a global full-service credit rating organization dedicated to serving the financial and health care service industries, including insurance companies, banks, hospitals and health care system providers. Visit www.ambest.com for more information.
If you currently have insurance from one these companies or if you’re considering coverage from one of these companies, then you might want to request other Health Insurance Quotes or Life Insurance Quotes to give you a few options.