The MIB Group, formerly called the Medical Information Bureau, is the only insurance credit reporting agency in America. MIB Group is made up of insurance agencies. The MIB was created in the early 1900s to gather and share medical and insurance related data.
Under the Fair Credit Reporting Act, MIB Group is considered a “nationwide specialty consumer reporting agency” and therefore must provide consumers with access to their reports annually.
Reporting done by MIB Group is used by insurance underwriters for assessing the risk of insurance applicants. This information is generally used for supplemental health insurance, life insurance, disability income, and long-term care insurance.
Not all consumers will have an MIB file. If you have applied for individual life or health insurance within the past seven years you may have an MIB report. It is a good idea to review your report to make sure it is accurate before applying for private supplemental health insurance and life insurance. Reviewing your report in advance can allow you to get ahead of errors and have them corrected before your apply for coverage.
Under the Fair Credit Reporting Act (FCRA) you have the right to dispute any errors you find on your MIB report. MIB Group will have 30 days to investigate and correct any false information.
It is important to dispute any inaccurate information right away. Errors on an MIB group report can lead to insurance denial, and higher insurance premiums. Do not pay for the mistakes of a reporting agency. You have rights under the FCRA that protect you.
We understand the frustration and stress that comes along with credit reporting errors. You shouldn’t have to pay for the mistakes of companies that collect and distribute false information about you. When it comes to medical, insurance, and prescription records, accuracy is highly important. Errors can end up costing you in higher insurance premiums, or you may be denied coverage.
If you have had issues getting supplemental health insurance or life insurance do to inaccurate information in your MIB Group report call us now at 1-877-735-8600 or fill out the online form for a free case review.
Address: 50 Braintree Hill Park, Suite 400
Braintree, MA 02184-8734