Humana Insurance has agreed to pay a $161,800 fine for misleading policyholders, the Missouri Department of Insurance said Tuesday.
It’s the second time in less than a year that the department has slapped Humana with a penalty.
The latest fine stems from notices Humana sent to 1,618 policyholders, according to the department. The notices stated that, due to Missouri legislation, Humana was required to terminate their policies on Dec. 31, 2013, and replace them with new ones with 2014 benefits under the Affordable Care Act.
There is no such Missouri legislation.