A three-year oversight period that was part of UnitedHealth Group's $14 million settlement with 41 state insurance regulators has successfully concluded, those regulators announced Friday.
The settlement was reached in 2007, and the company pledged to improve its claims accuracy and timeliness in 2008, 2009 and 2010. Independent assessments of their goals found the company met its targets, and no further penalties were assessed.
UnitedHealth Group said it will continue to use independent consultants to maintain its accuracy standards.
In agreeing to the settlement, the company did not admit it broke any insurance regulations or laws.
Connecticut's share of the fine was $112,863.21 because only 34,126 of the 6,047,322 enrollees in the UnitedHealthcare employer-based plans nationwide at the time of the settlement were Connecticut residents.Copyright © 2015, CT Now