Market Intelligence Resource | February 27, 2012
New York Mental Health Parity Sanction Against MVP Health Plan, Inc. and MVP Health Insurance Company
February 27, 2012
The state of New York has fined MVP Health Plan, Inc. and MVP Health Insurance Company $191,720 because they failed to notify small businesses that they were eligible to buy special insurance coverage for mental illnesses and children with serious emotional disturbances. The company is being fined for violating notification requirements under TimothyÂ’s Law. The law states that insurers must give small employers the option of purchasing the extended mental health benefits when they buy or renew their basic health insurance plans.
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