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Iowa insurance agency probed for overbilling

by KIX101.1 /1230 KFJB News Department posted Apr 17 2014 10:08AM

DES MOINES, Iowa (AP) — The Iowa Insurance Division is investigating an insurance agency that's accused of overbilling thousands of government employees for health care coverage.

The division is focused on Two Rivers Insurance Co. The agency had been acting as an independent agent selling insurance for Wellmark and other companies.

Wellmark spokesman Traci McBee says Wellmark ended its relationship with Two Rivers on April 9 because Two Rivers had "marked up some of its customers' health insurance premiums without Wellmark's knowledge."

Todd Ackerman of Two Rivers said the company "categorically disagrees" with Wellmark's conclusion. He acknowledged Wellmark's allegations "revolve around the way we were compensated, and we believe we were transparent."

State insurance commissioner Nick Gerhart acknowledged that the state was investigating but provided no details.

Filed Under :
Topics : LaborSocial Issues
Location : Des MoinesIowa
04/17/2014 10:01AM
Iowa insurance agency probed for overbilling
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