Deceptive Or Misleading Methods In Health Insurance Sales Hearing Before The Subcommittee Etc

Author : United States Congress Hous Oversight
Publisher : Forgotten Books
ISBN 13 : 9780483878754
Total Pages : 112 pages
Book Rating : 4.8/5 (787 download)

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Download or read book Abusive Insurance Sales and Marketing Techniques Involving the Earned Income Tax Credit written by United States Congress Hous Oversight and published by Forgotten Books. This book was released on 2018-01-25 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Abusive Insurance Sales and Marketing Techniques Involving the Earned Income Tax Credit: Hearing Before the Subcommittee on Oversight of the Committee on Ways and Means, House of Representatives, One Hundred Third Congress, First Session, March 4, 1993 Over the past six months, the Subcommittee on Oversight staff investigated problems of misrepresentation in the sales and marketing of health insurance policies to low-income taxpayers eligible to claim the earned income tax health insurance credit. The staff's investigation initially focused on a series of questionable marketing techniques, particularly health insurance sales involving the use of Government logos or sales implying Government affiliation or approval. During our investigation, the staff also discovered problems involving the types of health insurance policies that have been sold to eitc-eligible taxpayers, particularly policies that did not qualify as health insurance for purposes of the health insurance credit. The schemes we identified operated relatively simply once individuals had agreed to buy health insurance policies. At taxpayers' requests, their employers made payroll advances of the basic earned income tax credit, which were then deducted from employees' paychecks and paid over to an insurance company as premium payments for the employees' health insurance policies. Some taxpayers were led to believe that the policies qualified for the health insurance credit, and that at the end of the year they would be able to recover the costs of these policies through the health insurance credit. In many instances this did not turn out to be true. The Subcommittee has had a long-standing interest in the use of misleading mailings and deceptive representations by companies that imply a connection with the Internal Revenue Service, the Social Security Administration, and other Federal agencies. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.