HealthMarkets

HealthMarkets, Inc.
Private
Industry Insurance
Founded 1984
Headquarters North Richland Hills, Texas, USA
Area served
 USA
Key people
 Kenneth J. Fasola (CEO)
Owner Blackstone Group, Goldman Sachs Capital Partners and DLJ Merchant Banking Partners
Website www.healthmarketsinc.com

HealthMarkets, Inc. is a holding company, formerly known as UICI, with its headquarters in North Richland Hills, Texas. HealthMarkets, Inc. is owned by affiliates of a group of private equity investors, current and former members of management, and its independent sales agents through the company's stock plan. HealthMarkets owns The Chesapeake Life Insurance Company, Mid-West National Life Insurance Company of Tennessee, The MEGA Life and Health Insurance Company, and HealthMarkets Insurance Company. In 2013, HealthMarkets Insurance Agency became the new consumer brand for the company's insurance agency, Insphere Insurance Solutions, Inc., which is licensed as an insurance agency in all 50 states and the District of Columbia.[1][2] Several lawsuits have been filled against HealthMarkets, Inc. and it has paid out millions of dollars in settlements.[3][4][5][6][7][8][9][10]

References

  1. ↑ "Company Overview of HealthMarkets, Inc.". Bloomberg Businessweek. Retrieved 23 August 2014.
  2. ↑ "HealthMarkets Inc". Bloomberg. Retrieved 23 August 2014.
  3. ↑ Helfan, Duke (21 October 2010). "Health insurer HealthMarkets sued by L.A. city attorney over 'junk insurance'". The Los Angeles Times. Archived from the original on 23 August 2014. Retrieved 23 August 2014.
  4. ↑ Fitzgerald, Jay (September 1, 2009). "Insurer to pay $17M to state". The Boston Herald. Retrieved August 23, 2014 – via HighBeam Research. (subscription required (help)).
  5. ↑ Krasner, Jeffrey (August 24, 2007). "State suit alleges health insurers denied benefits". The Boston Globe. Retrieved August 23, 2014 – via HighBeam Research. (subscription required (help)).
  6. ↑ Cooney, Elizabeth (September 1, 2009). "Insurer settles for $17m ; State says firm denied claims, misled customers". The Boston Globe. Retrieved August 23, 2014 – via HighBeam Research. (subscription required (help)).
  7. ↑ Pugh, Tony (December 23, 2013). "'Junk Insurance' Can Fail to Offer Financial Cure". Telegraph Herald. Retrieved August 23, 2014 – via HighBeam Research. (subscription required (help)).
  8. ↑ "Daily roundup". The Columbian. July 22, 2008. Retrieved August 23, 2014 – via HighBeam Research. (subscription required (help)).
  9. ↑ Bell, Tom (April 4, 2008). "Insurer fined $1 million by state bureau ; MEGA expects to begin mailing customer refunds within the next 60 days". Portland Press Herald. Retrieved August 23, 2014 – via HighBeam Research. (subscription required (help)).
  10. ↑ Butterworth, Jill (September 1, 2009). "ATTORNEY GENERAL COAKLEY REACHES $17 MILLION SETTLEMENT WITH HEALTH INSURERS REGARDING UNFAIR, DECEPTIVE CONDUCT". US Fed News Service. Retrieved August 23, 2014 – via HighBeam Research. (subscription required (help)).

External links