This is an investigation and ongoing numerous class actions against insurance companies for selling health insurance policies such as hospital indemnity, cancer, disability and other supplemental insurance policies to a consumer on Medicaid. Such a practice is fraud. These policies are virtually worthless to the medical recipient. Some insurance companies have actually targeted these lower income consumers with this type of predatory practice.
Insurance companies currently subject to lawsuits for this practice are: Union National Life Insurance Company; American General Life Insurance Company?; United Insurance Company of America; Mutual Savings Life Insurance Company; United Health Care of America; AFLAC; Life Insurance Company of Georgia; Union National Life Insurance Company; Liberty National Life Insurance Company; Monumental Life Insurance Company; Pennsylvania Life Insurance Company.
Defendant Details
Name (Stock Symbol)
Brief Description
Union National Life Insurance Company
Union National Life Insurance Company sells life insurance.
Aflac, Inc. (AFL)
Aflac Inc. sells supplemental health and life insurance in the United States and Japan. Aflac is known for its policies, which pay cash benefits when a policyholder has a covered accident or sickness. Most of Aflacs policies are individually underwritten and distributed through its independent agent.
American General Life Insurance Company
American General Life Insurance Company is a subsidiary of American International Group, Inc. IT is a life insurance company.
United Insurance Company of America
United Insurance Company of America, a subsidiary of Unitrin, sells life insurance.
Mutual Savings Life Insurance Company
Mutual Savings Life Insurance Company, a wholly owned subsidiary of Primesco, Inc. sells life insurance and annuities.
United Health Care of America
United Health Care of America provides health insurance.
Life Insurance Company of Georgia
Life Insurance Company of Georgia was acquired by Jackson National Life Insurance Company. It sells life insurance.
Liberty National Life Insurance Company
Liberty National Life Insurance Company, a wholly owned subsidiary of Torchmark Corporation (NYSE: TMK), sells life insurance.
Monumental Life Insurance Company
Monumental Life Insurance Company sells insurance and annuities.
Pennsylvania Life Insurance Company
Pennsylvania Life Insurance Company, a subsidiary of Universal American, sells specialty disability income insurance for the blue-collar self-employed.