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According to BusinessWeek Magazine, 65% of all insurance companies are using consumers' medical histories and personal information to deny coverage, charge higher premiums, and exclude certain medical conditions from policies. For many healthcare and life insurance customers, failing to verify their medical report files from each of the nationwide consumer reporting agencies for insurance has become an expensive problem, costing policyholders an extra $50 to $5,000 per year for insurance premiums.
The Federal Trade Commission warns that, "in addition to an individual's credit history, data collected by the Medical Information Bureau Inc. (MIB Group Inc.) may include medical conditions, driving records, criminal activity, and participation in hazardous sports, among other [medical and non-medical] facts. The MIB Group Inc. member insurance companies account for 99% of the individual life insurance policies and 80% of all health and disability policies issued in the United States."
Expanding the Market
Right now, 160 million Americans purchase health insurance policies and 188 million are expected to subscribe by 2019. But many who want to buy health insurance can’t: 20% of individual insurance applicants are rejected for pre-existing conditions, or errors and omissions. We work with clients at all insurance companies, including Aetna, Blue Cross Blue Shield, CIGNA, Highmark, Humana, Kaiser, UnitedHealthcare and WellPoint.
"AnnualMedicalReport.com is an organization that seeks to improve privacy protections for personal medical information" - Consumers Digest (2011). We maintain strict privacy requirements to safeguard important information. Our systems are protected by 256-bit SSL encryption and all requests are completed via a secure transfer protocol.
We work on behalf of families, employees, and businesses to improve privacy protections for personal medical information, establish technological standards for insurance company use of consumer reporting data, and reduce out-of-pocket costs for consumers by detecting and deterring insurance company fraud and discrimination. At AnnualMedicalReport.com, our mission is to save insurance consumers $1 billion dollars by 2015!
What People Are Saying
Sheila, Gulfport, MS
My doctor made a mistake and recorded my asthma as chronic obstructive pulmonary disease. Because of this coding error in my Medical Information Bureau (MIB) report, I’ve been rejected for an individual health insurance policy by three different companies.
Michael, Abingdon, VAAfter exhausting my COBRA benefits, I was distressed to learn that I was uninsurable because of a pre-existing condition. I’ve been diagnosed with diabetes but I’m perfectly healthy.
CEO, National Association of Health Underwriters
It sounds harsh, but insurance is an actuarial science that looks at the likelihood of something happening and what the cost will be. When a diabetic does have complications, they are unbelievably expensive, and that’s why a diabetic is always turned down, even if they’re running marathons.
Ryan, Los Angeles, CA
I checked my medical report and I found a major problem with the information in the file. By fixing the mistake with the MIB, I was able to save $1600 per year in health insurance premiums!
Director, Health Care Marketplace Project - http://bit.ly/hY8ph1
Most consumers would be shocked to learn that information about their past prescriptions is being bought and sold — and could come back to haunt them.
Dr. Kate Atkinson, Amherst, MA - http://bit.ly/hWEmtH
I had a patient on Prozac, not for depression, but for menopausal hot flashes, and they were denied life insurance because it’s also an antidepressant. I wrote an appeal letter to the insurance company, but they still wouldn’t give it to her.
Paula, Gilbert, LA - http://bit.ly/hY8ph1
We can’t get health insurance because we’re taking medications that were prescribed by our doctors. I don’t think that’s right.
Vice President, MIB Solutions Inc.
We know of insurance companies that have full-time rescission underwriting departments.