By Al Sunshine, SouthFloridaReporter.com, Consumer Investigator, Sept. 30, 2015 – Uncle Sam may have money back for you as part of a huge Million Dollar Settlement into a phony health insurance company. Per the FTC: “The Federal Trade Commission is mailing 6,832 checks totaling more than $1.1 million to consumers who lost money to a health insurance scam.”
The case goes back to 2012, and alleges consumers who signed up never got the insurance they thought they were buying, just a worthless membership into what the FTC calls “an obscure trade group”.
“In 2012, the FTC charged the Independent Association of Businesses (IAB) and Health Service Providers (HSP) defendants with violating the FTC Act and the FTC’s Telemarketing Sales Rule by deceiving consumers seeking comprehensive health insurance. Instead of health coverage, consumers received membership in IAB, an obscure trade association that provided purported discounts on services such as identity-theft protection, travel, and roadside assistance, and some healthcare related benefits that were subject to broad exclusions and limitations.”
