Carson City, NV March 11, 2019
The Nevada Division of Insurance (Division) is encouraging
consumers to be on the lookout for a Multiple Employer Welfare Arrangement also
known as (MEWA) sold to hundreds of employers nationwide as AEU Holdings LLC
Employee Benefit Plan.
The U.S. Department of Labor took legal action against AEU
Holdings LLC, AEU Benefits LLC and Black Wolf Consulting Inc., seeking for the
defendants to pay more than $50 million in unpaid participant health benefit
claims and to stop the sale of such plans.
“Nevada consumers should be aware of this failed MEWA to
avoid becoming victims in case they encounter a sales pitch,” said Insurance
Commissioner Barbara D. Richardson.
It is estimated that the MEWA covered approximately 14,000
participants and beneficiaries. These consumers worked for more than 560
employers in 36 states.
If any consumers in Nevada purchased this MEWA or if someone
has tried to sell them such a product, they are encouraged to contact the
Employee Benefits Security Administration (“EBSA”) at https://www.askebsa.dol.gov or
866-444-3272. If consumers have any questions or concerns, the Division also
encourages them to contact the Division of Insurance at www.doi.nv.gov or by calling the Division’s
toll-free number: (888) 872-3234.
About the Nevada Division of Insurance
The State of Nevada Division of Insurance, a Division of the
Nevada Department of Business and Industry, protects the rights of Nevada
consumers and regulates Nevada’s $14 billion insurance industry. The Division
of Insurance has offices in Carson City and Las Vegas. In 2018, the Division
investigated more than 3,100 consumer complaints and recovered over $8.4
million on behalf of consumers. For more information about the Division of
Insurance, visit DOI.NV.GOV.