Medical Savings Insurance Company...

CHUMPS FROM OXFORD · 12-02-2008, 12:51 PM

I never used them since they were not an "A" rated company...

Click on the link or a stray beagle will take residence under your deck.

State takes reins of Medical Savings Insurance Co. | IndyStar.com | The Indianapolis Star

moonlightandmargaritas · 12-02-2008, 12:55 PM

Not surprising.

Their troubles have been going on for years...

CHUMPS FROM OXFORD · 12-02-2008, 02:23 PM

I thought so. They wrote (obviously) a lot of business in Indiana, but a fair amount in Ohio as well.

Rates were great. I guess too great.

moonlightandmargaritas · 12-02-2008, 02:36 PM

Originally Posted by CHUMPS FROM OXFORD

I thought so. They wrote (obviously) a lot of business in Indiana, but a fair amount in Ohio as well.

Here in Florida, there was no PPO network, it was all "Usual & Customary".

MSI started unilaterally deciding what was "fair" when paying hospitals and other providers - and guess what - it was far less than the billed amount!

Hospitals and other providers started suing them back in '04 - and stopped taking assignment.

The client would have to pay up front, file a claim, and await whatever reimbursement MSI deemed "fair".

A real bad scene. Glad I was never tempted.