A health insurer based in the Albany area has been fined $200,000 for “improperly” denying health insurance claims and charging members for copays and deductibles for preventive services, the Department of Financial Services announced Tuesday.
In a consent order, MVP Health Plan Inc. and MVP Health Insurance Co. have agreed to pay a $200,000 fine and correct their claims processing procedures. The insurer, which has roughly 100,000 members, also has agreed to make approximately $9,000 in restitution to 356 of its members.
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