Kreidler fines UnitedHealthcare $500,000 for not demonstrating compliance with mental health parity laws

10/18/2023

OLYMPIA, Wash. — Insurance Commissioner Mike Kreidler has imposed a $500,000 fine against UnitedHealthcare Insurance Company (UHIC) for failing to demonstrate how it administers its mental health and substance use disorder benefits in accordance with state and federal laws. Half of the fine — $250,000 — is suspended, pending adherence to a compliance plan.

“We expect companies to deliver critical benefits to consumers who need them, without barriers, and to demonstrate their compliance when asked,” Kreidler said. “If they cannot do so, we will hold them accountable.”

UHIC…

Kreidler: Communication between insurers and people important to wildfire recovery

10/17/2023

OLYMPIA, Wash. — Washington state Insurance Commissioner Mike Kreidler thanked insurance companies and adjusters for their diligent work with communities impacted by the Gray and Oregon Road fires outside Spokane in late August.

Kreidler also stressed the importance of adhering to the communications standards between insurance companies and policyholders set forth in state law.

“The admirable work performed by insurers and adjusters hasn’t gone unnoticed,” Kreidler said. “The recovery process from these two devastating, tragic fires will be a long one, and communication is…

Need assistance with Medicare open enrollment? SHIBA can help!

10/13/2023

OLYMPIA, Wash. – The open enrollment period for Medicare starts Oct. 15 and runs through Dec. 7, and the Statewide Health Insurance Benefits Advisors (SHIBA) program is here to help you with your plan options that work best for you.

During this time, you can review your current coverage and decide if there are better options for you based on changes to your current plan, your budget or your health needs.

“Navigating Medicare plan options can be overwhelming,” says Insurance Commissioner Mike Kreidler. “Our trained SHIBA volunteer advisors in your community can answer your…

Kreidler issues $179,000 in fines for violations in September

10/11/2023

OLYMPIA, Wash. — Insurance Commissioner Mike Kreidler issued fines in September totaling $178,964 against insurance companies and insurance producers who violated state insurance laws and regulations. 

Insurance companies

TransAmerica Life Insurance Company, Cedar Rapids, Iowa; fined $40,000 (order 23-0161).

TransAmerica failed to keep adequate accounts and records of its obligations and transactions, resulting in valuation errors on annuity policies. Thirty-eight policies in Washington were affected, 32 of which were active. 

Great American Alliance…