September 29, 2015

The FTC is mailing 6,832 checks totaling more than $1.1 million to consumers who lost money to a health insurance scam. In 2012, the FTC charged the Independent Association of Businesses and Health Service Providers defendants with violating the FTC Act and the FTC’s Telemarketing Sales Rule by deceiving consumers seeking comprehensive health insurance. Instead of health coverage, consumers received membership in IAB, an obscure trade association that provided purported discounts on services such as identity-theft protection, travel, and roadside assistance, and some healthcare related benefits that were subject to broad exclusions and limitations. FTC

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