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Life Investors Insurance Company might have unilaterally and unlawfully reduced the benefits paid to policy holders diagnosed with cancer for chemotherapy from the amount charged by the healthcare provider to s reduced amount covered by Medicare or other insurance.
Investigation Source
- Pennsylvania
Investigation Scope
Category Information
Investigation Topics
- Bad Faith Denial Of Benefits
- Underpaying Insurance Claims
Products or Services
- Reimbursement By Insurance Companies
- Chemotherapy Treatment
Injury Types
- Monetary Loss
- Risk of Injury
Investigation Details
This is an ongoing investigation and pending class action against Life Investors Insuance Company.
The class action lawsuit seeks to represent a class of cancer insurance policyholders in Pennsylvania and challenges Life Investors’ reduction in its benefits payments for chemotherapy and radiation therapy.
In April 2006, Life Investors stopped paying benefits based on the charges set forth in healthcare providers’ bills as its policies required, and began paying reduced benefits based on the amounts the providers were paid by Medicare or other insurance.
The class action lawsuit seeks to represent a class of cancer insurance policyholders in Pennsylvania and challenges Life Investors’ reduction in its benefits payments for chemotherapy and radiation therapy.
In April 2006, Life Investors stopped paying benefits based on the charges set forth in healthcare providers’ bills as its policies required, and began paying reduced benefits based on the amounts the providers were paid by Medicare or other insurance.
Defendant Details
| Name (Stock Symbol) | Brief Description |
|---|---|
| Life Investors Insurance Company | Life Investors Insurance Company sells insurance products and annuities. Insurance Company of America has merged with the Transamerica Life Insurance Company. |