State, industry leaders meet at Montana Insurance Summit in Helena

Insurance industry professionals from around Montana were in Helena Monday for a conversation with state leaders. About 270 people attended the Montana Insurance Summit, organized by the State Auditor’s Office. The event returned a year after it wasn’t held because of COVID-19 restrictions. Recent Stories from ktvh.com “I’m just really happy to see such a … Read more

Montanans to receive partial refunds for insurance premiums

Nearly 16,000 Montanans who purchased Blue Cross Blue Shield insurance through the marketplace are set to receive partial reimbursement for premiums paid between 2018 and 2020. The Affordable Care Act requires insurers selling plans on the marketplace to spend a certain percentage of the premiums they collect on medical or health-related expenses like doctor visits, … Read more

State Auditor helps seniors avoid scams while having fun

Click HERE to view the entire article. There are a couple of unavoidable aspects of getting older. Firstly scammers are more likely to target you, and secondly, there will be BINGO. A group of senior citizens and residents at Edgewood Senior Living Facility enjoyed a fun round of BINGO and learned how to protect their … Read more

Pharmacy Benefit Managers Are Feeling a Push From States to ‘Turn the Lights on’ to Their Business Practices

BY GABY GALVIN August 26, 2021 at 12:01 am ET More than 100 bills targeting pharmacy benefit managers have been introduced across the country this year, after the three biggest PBMs processed roughly 77% of all U.S. prescription claims in 2020. The Biden administration tabled a Part D drug rebate rule to help pay for the … Read more

Montanans find insurance alternative, pitfalls, with health care sharing ministries

Seaborn Larson Click HERE to view the entire article.  When Maria Moeller went into the operating room for the cancer occupying her abdomen, her husband, Ron Moeller, followed behind with a weight of uncertainty. The Moellers, a retired Helena couple, joined a health care sharing ministry in 2017, two years before Maria Moeller’s surgery. Generally, such … Read more

Homeowners advised to check insurance policies during early fire season

Click HERE to read the entire article. BUTTE, Mont. — As evacuations remain in place, 55 homeowners in Wise River are wondering if they have anything to come back to. For many, fear is in the unknown. An early fire season means calls are coming in from around the state from homeowners concerned about insurance. … Read more

State panel recommends using federal funds to fight exploitation of elderly

A state advisory committee has recommended Montana direct $645,000 of federal COVID-19 recovery funds to increase efforts to fight exploitation of senior citizens by adding three elder councils to the state and hiring more staff to focus on crimes that hurt the elderly community. Mark Mattioli, chief of the Office of Consumer Protection and Victim … Read more

States Step Up Push to Regulate Pharmacy Drug Brokers

Click HERE to read the entire article. Under pressure to rein in skyrocketing prescription drug costs, states are targeting companies that serve as conduits for drug manufacturers, health insurers, and pharmacies. The companies are powerful, together administering medication plans for more than 266 million Americans. A handful of the companies, CVS Caremark, Express Scripts, and OptumRX, control … Read more

Elder Abuse and Wildfire Insurance in Montana

On Tuesday, State Auditor and Insurance Commissioner Troy Downing spoke to KGVO about elder exploitation in Montana. State officials noted that in 2020 a record 4,500 Montanans were victims of elder abuse, an increase of nearly 30% since 2018. “Montana has the second oldest population in the country,” Downing said. “That’s an interesting data point. 75% … Read more

Elder abuse prevention takes center stage at Helena events

The state delivered a double whammy on elder abuse Tuesday, with an observance held at a Helena bank outlining the state’s actions on dealing with the problem and a group meeting later in the day to expand an elder justice council started two years ago in Eastern Montana. State officials noted that in 2020 a … Read more