Golden Rule Insurance Company
Encyclopedia
Golden Rule Insurance Company is a UnitedHealthcare company based in Indianapolis, Indiana, U.S.A., and has offered insurance to individuals and families for more than 60 years. It offers a type of health insurance known as a health savings account
(HSA), and was closely involved in the political discussions that led to the enactment of legislation that offered tax incentives to consumers who set up health savings accounts, in addition to funding conservative politicians such as Newt Gingrich to fight broader reform. In April 2007, Golden Rule launched HSAcenter.com (http://www.hsacenter.com/), a website that offers general, comprehensive information about HSAs so that consumers can better educate themselves about health savings accounts and how they work. Its political action committee has raised substantial funds for Republican politicians who support health savings accounts.
Golden Rule became a UnitedHealthcare company in 2003. UnitedHealthcare’s individual line of business, which includes Golden Rule, PacifiCare, American Medical Security (AMS), MAMSI, Oxford Health Plans and UnitedHealthcare administered by Golden Rule, currently offers PPO
health insurance and HMO products to individuals and families in 40 states and the District of Columbia.
In the 1980s, the company sued the Educational Testing Service
(ETS) and the Illinois Department of Insurance, claiming that the ETS examination for Illinois insurance agents discriminated against members of minority groups. The parties reached a settlement.
, a not-for-profit consumer group.
Health savings account
A health savings account is a tax-advantaged medical savings account available to taxpayers in the United States who are enrolled in a high-deductible health plan . The funds contributed to an account are not subject to federal income tax at the time of deposit. Unlike a flexible spending account...
(HSA), and was closely involved in the political discussions that led to the enactment of legislation that offered tax incentives to consumers who set up health savings accounts, in addition to funding conservative politicians such as Newt Gingrich to fight broader reform. In April 2007, Golden Rule launched HSAcenter.com (http://www.hsacenter.com/), a website that offers general, comprehensive information about HSAs so that consumers can better educate themselves about health savings accounts and how they work. Its political action committee has raised substantial funds for Republican politicians who support health savings accounts.
Golden Rule became a UnitedHealthcare company in 2003. UnitedHealthcare’s individual line of business, which includes Golden Rule, PacifiCare, American Medical Security (AMS), MAMSI, Oxford Health Plans and UnitedHealthcare administered by Golden Rule, currently offers PPO
PPO
PPO is a three letter acronym for:* 2,5-Diphenyloxazole, an organic scintillator* Personal Protection Officer* Pfadfinder und Pfadfinderinnen Österreichs* Planned purchase order, a suggestion by a MRP system that can become a purchase order...
health insurance and HMO products to individuals and families in 40 states and the District of Columbia.
In the 1980s, the company sued the Educational Testing Service
Educational Testing Service
Educational Testing Service , founded in 1947, is the world's largest private nonprofit educational testing and assessment organization...
(ETS) and the Illinois Department of Insurance, claiming that the ETS examination for Illinois insurance agents discriminated against members of minority groups. The parties reached a settlement.
Affiliations
Golden Rule is closely affiliated with the Federation of American Consumers and TravelersFederation of American Consumers and Travelers
The Federation of American Consumers and Travelers is a not-for-profit consumer group based in Edwardsville, Illinois, United States. They provide disaster aid, continuing education scholarships, community and classroom grants, assistance for small business owners, travel discounts and a...
, a not-for-profit consumer group.