Benefytt Technologies Refunds (2024)

FTC sends refunds to people who bought health insurance plans

The FTC is sending payments totaling nearly $100 million to 463,629 people who paid Benefytt, a healthcare company that used names like MyBenefitsKeeper and AgileHealthInsurance.

The FTC sued Benefytt and its third-party partners, and the defendants settled. According to the lawsuit, Benefytt lied about their sham health insurance plans and used deceptive websites to sell products and services that cost as much as hundreds of dollars per month but often left customers unprotected in medical emergencies. The plans were not qualified under the Affordable Care Act and lacked key elements. The lawsuit also alleged that Benefytt tacked on add-ons, like life or accident insurance, and made it hard for customers to cancel.

As a result of the lawsuit, the defendants paid money to provide refunds and are banned from lying about their products or charging illegal junk fees.

If you get a check, please cash it within 90 days.

You can find answers to common questions about FTC refund payments onour FAQ page. If you have any other questions, please call the refund administrator at1-888-574-3126.

Benefytt Technologies Refunds (2024)

FAQs

Is FTC v benefytt technologies legitimate? ›

According to the FTC's August 2022 complaint, Benefytt and its third-party partners operated a series of deceptive websites that targeted consumers who were searching for comprehensive health insurance plans qualified under the Affordable Care Act.

Who is the refund administrator for FTC Benefytt Technologies? ›

For more information or questions, call the refund administrator, Epiq Systems, at 888-574-3126. The FTC never requires you to pay money or give account information to cash a refund check. Anyone who contacts you and says they'll help you file for a refund or get your money back — if you pay them first — is a scammer.

What is the lawsuit against Benefytt? ›

According to the lawsuit, Benefytt lied about their sham health insurance plans and used deceptive websites to sell products and services that cost as much as hundreds of dollars per month but often left customers unprotected in medical emergencies.

Why did I get a letter from Benefytt Technologies? ›

Why did I receive a Notice? You received the notice because, according to the Benefytt's records, you purchased a limited benefit indemnity plan and/or short term medical plan made available by Benefytt either directly from Benefytt or through American National, Assurance or Priority Insurance.

Is the FTC refund check real or fake? ›

Whenever there's an FTC refund program, information is available at ftc.gov/refunds. Click on a case name to see more details about the refund program, including whether we sent checks, debit cards, Zelle payments, or PayPal payments. Scammers sometimes send emails that pretend to be from the FTC or a company you know.

Who is the parent company of Benefytt Technologies? ›

Last year, Blue Lantern Health LLC launched as a "rebranded organization following the successful restructuring of predecessor company Benefytt Technologies, Inc." The company added that it "remains under the management of its existing leadership team and is majority owned by funds affiliated with Madison Dearborn ...

What do Benefytt Technologies do? ›

Benefytt Technologies, LLC provides insurance solutions. The Company develops cloud-based technology platform to distributes health insurance products, as well as assists in the development of insurance products through insurance companies. Benefytt Technologies serves customers in the United States.

What is Benefytt restructuring? ›

Pursuant to the plan, Benefytt will be split into two companies: a “cash flow” company that owns Benefytt's existing contracts and related revenue streams which will be owned by the Debtors' prepetition term lenders, and an operating company that was purchased by private equity firm, Madison Dearborn and certain co- ...

Who is the refund administrator for the FTC? ›

Consumers who have questions about their payment should contact the refund administrator, Epiq Systems, at 1-888-546-2054 or visit the FTC website to view frequently asked questions about the refund process. The Commission never requires people to pay money or provide account information to get a refund.

How much will I get from the assurance IQ settlement? ›

If you submit a valid Claim Form, you may be eligible to obtain a share of this fund. Class Counsel estimates each participating Settlement Class Member's share of the fund will be approximately between $167 to $33.

Who is the CEO of Benefytt Technologies? ›

Benefytt Technologies's current Chief Executive Officer is Todd Baxter.

What is the phone number for the FTC refund administrator? ›

You can find answers to common questions about FTC refund payments on our FAQ page. If you have any other questions, please call the refund administrator at 1-833-637-4884.

Why did I get a check from Benefytt Technologies? ›

The Federal Trade Commission is sending refunds to consumers it says bought into fake health plans falsely marketed by Benefytt Technologies as comprehensive health insurance or an Obamacare plan under the Affordable Care Act.

Is FTC v Benefytt settlement legitimate? ›

FTC Action Against Benefytt Results in $100 Million in Refunds for Consumers Tricked into Sham Health Plans and Charged Exorbitant Junk Fees | Federal Trade Commission.

Why am I getting a letter from LexisNexis? ›

If you receive a letter from LexisNexis, this message is for you. LexisNexis is working with ConsumerInfo.com, Inc., an Experian® company, to provide you with a range of credit management and identity protection services, to help recipients of the letter to monitor their credit reports for one year at no cost.

Who is the FTC refund administrator? ›

Consumers who have questions about their payment should contact the refund administrator, Rust Consulting, Inc., at 833-637-4344, or visit the FTC website to view frequently asked questions about the refund process.

Top Articles
Latest Posts
Article information

Author: Lidia Grady

Last Updated:

Views: 6656

Rating: 4.4 / 5 (65 voted)

Reviews: 88% of readers found this page helpful

Author information

Name: Lidia Grady

Birthday: 1992-01-22

Address: Suite 493 356 Dale Fall, New Wanda, RI 52485

Phone: +29914464387516

Job: Customer Engineer

Hobby: Cryptography, Writing, Dowsing, Stand-up comedy, Calligraphy, Web surfing, Ghost hunting

Introduction: My name is Lidia Grady, I am a thankful, fine, glamorous, lucky, lively, pleasant, shiny person who loves writing and wants to share my knowledge and understanding with you.