Vermont issues cease and desist orders against 5 unlicensed health insurance sellers

Vermont officials handed a cease and desist order to four groups and one individual selling unlicensed health insurance, according to the VTDigger.

The Vermont Department of Financial Regulation ordered the Vermont Alliance for Health Care Alternatives, its national organization Small Association Leadership Alliance, the National Association of Senior Move Managers and Sedera Health to stop selling insurance. One person, Susan Stasny, who is the executive director of the Vermont chapter of VAHCA, also was ordered to stop selling health plans.

Under Vermont law, all health insurers need a state license. As the groups and individual didn't have one, the department claims they violated state law. The department also accused the groups of deceptively marketing unlicensed health plans, according to the VTDigger

The department gave the groups 30 days to petition the order and schedule a hearing on the matter.

More articles on payers:
HCSC's CEO steps down: 3 things to know
HCSC CFO steps down days after CEO
UAB Health CEO on UnitedHealthcare amid dispute: Make $9B, but not on the backs of patients

Copyright © 2022 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


Featured Learning Opportunities

Featured Webinars

Featured Whitepapers

Featured Podcast

Top 40 articles from the past 6 months