Attorney General Peter F. Neronha is advising Rhode Islanders about limited benefit, or “junk,” health insurance plans which may appear to provide health insurance coverage, but do not provide the same coverage as regulated health insurance plans.
“Consumers have enough to worry about without wondering whether their health insurance is legitimate or not,” said Attorney General Neronha. “With skyrocketing premiums and the failure of the federal government to extend tax credits, health insurance has never been more expensive, leaving consumers searching for cheaper alternatives. With open enrollment now underway, Rhode Islanders may see more advertisements promoting fake or low-value health insurance plans. As long as there is money to be made from health care, there will be those who are ready and willing to exploit consumers to turn a profit. I urge consumers to educate themselves before making any health insurance plan purchases to ensure that the product is both legitimate and adequate for the needs of you and your family.”