NU Online News Service, Dec. 8, 2004, 9:43 a.m. EST
The managed care unit of a Philadelphia insurer will be paying $481,245 back to the state of Connecticut to correct a series of billing mistakes.[@@]
CIGNA Corp. says the unit, CIGNA HealthCare, also will pay Connecticut $390,000 in interest in response to the discovery of the errors in the way the unit charged the state of Connecticut Employee and Retiree Dental Benefits Plan for dental coverage between 1989 and 2004.
Connecticut Attorney General Richard Blumenthal held a press conference Tuesday to announce the $871,245 agreement with CIGNA HealthCare over the billing problems.
Blumenthal has been working with other regulators to review insurance broker compensation practices in recent months.
CIGNA is taking pains to emphasize that it believes the current commission reimbursement agreement has nothing to do with the broker comp investigations.