Two Minnesotans, identified in state documents as R.W. and M.W., reported paying more than $7,000 to Strategic Limited Partners before canceling because of the company\u2019s failure to pay claims. Neither was aware the business made them employees or limited partners.<\/p>\n
Another customer, identified as M.T., said Strategic paid less than $2,000 of her $40,000 in medical bills over a six-month period. Purchasers of the plans said only a small portion of claims were paid, and they faced delays or being sent to collections.<\/p>\n
\u201cThis is a cautionary tale,\u201d said Jacqueline Olson, an assistant commissioner of enforcement for the Minnesota Department of Commerce. <\/p>\n
\u201cAs open enrollment begins, Minnesotans should be extremely careful when selecting health coverage,\u201d she said in a statement. \u201cIf it sounds too good to be true, or if the company isn\u2019t licensed in Minnesota, that\u2019s a red flag.\u201d<\/p>\n
Insurance regulators in other states have taken actions to limit Strategic Limited Partners from selling insurance. <\/p>\n
Last year Wisconsin issued a cease-and-desist order to Strategic Limited Partners for selling unauthorized insurance. And New Hampshire state regulators banned Strategic Limited Partners from marketing its services effective in December.<\/p>\n","protected":false},"excerpt":{"rendered":"Two Minnesotans, identified in state documents as R.W. and M.W., reported paying more than $7,000 to Strategic Limited…\n","protected":false},"author":2,"featured_media":75280,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[163,521,85,46],"class_list":["post-75279","post","type-post","status-publish","format-standard","has-post-thumbnail","category-healthcare","tag-health","tag-healthcare","tag-il","tag-israel"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/75279","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=75279"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/75279\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/75280"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=75279"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=75279"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=75279"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}