Humana to pay $1.8M over claims of tying health plans to life insurance

Humana has agreed to pay a $1.8 million fine for allegedly requiring some employers that purchased small group health plans to also buy a group life insurance product, according to the Missouri Department of Insurance. In the settlement, Humana said it would notify employers and insurance agents that life insurance isn't required with a health plan purchase. The insurer also will establish a $2.7 million restitution pool to refund employers that it previously required to buy life insurance. The settlement follows a multi-state investigation involving Mississippi, Missouri and Wisconsin that began in 2012. "Policyholders should be able to choose individual insurance products without insurers bundling products together," Missouri Insurance Director John Huff said Friday in a statement. "I am pleased our team was able to collaborate on a settlement with multiple states to benefit consumers." Statement