FTC secures $145 Million in settlements over misleading health insurance sales and data practices

Two major health insurance brokers will pay a combined $145 million to resolve Federal Trade Commission allegations that they misled millions of consumers and mishandled personal data, the agency announced Thursday.

Health insurance broker Assurance IQ has agreed to pay $100 million to settle allegations that it misled millions of customers seeking health insurance, the Federal Trade Commission said. In a separate action, the agency says health data broker, MediaAlpha, will pay $45 million for allegedly collecting and selling the personal data of millions of people without their consent.

Both companies “bombarded” consumers with telemarketing and robocalls, according to an FTC press release.