Florida tells Association of Independent Managers to stop selling fake health insurance

Florida has warned Floridians not to by bogus health insurance plans sold by the Association of Independent Managers (AIM).

As many as 1,800 consumers may have already purchased the fake health plans, which offer little to no coverage, according to the OIR. The companies behind the plans are not licensed to sell health insurance in the state, officials said in a press release.

AIM is based in Valhalla, N.Y., and "has sold the policies in numerous states under at least 19 company names, the Sun-Sentinel reports.

"Bogus health insurance scams rob consumers of their hard-earned money and also leave them uncovered in the event that medical care is needed," CFO Alex Sink, who oversees the Department of Financial Services, said in a statement. Regulators are working to find and hold accountable any agents involved in selling unauthorized insurance.

The Department of Financial Services has received complaints from about 100 consumers involving 49 agents selling health benefits provided by AIM, the Miami Herald reports.

AIM has marketed unauthorized insurance plans under many names including:

  • AIM Health Solutions
  • AIM Guaranteed Health Insurance
  • CEO Club Benefits
  • Chief Executive Officers Club
  • CEO Health Select

To learn more:
- read the Florida Department of Financial Services (DFS) and the Office of Insurance Regulation's press release
- see the Miami Herald article 
- check out the story in USA Today
- here's the Sun-Sentinel story