California Settles $1.3M with Sedera for Misleading Health Plans

California has settled with Sedera and Sedera Medical Cost Sharing Community for $1.3 million due to allegations of misleading advertising of their health insurance plans, which were deemed 'sham' policies. Over 2,000 individuals were impacted by these false claims regarding the nature of the health plans offered, which were misrepresented as legitimate health insurance and healthcare sharing ministry products. The settlement includes $800,000 allocated for consumer restitution and $560,000 for civil penalties, and it enforces a ban on the companies from selling or promoting any health plans in California. Furthermore, they cannot transfer existing members to other plans or direct them to alternative cost sharing entities.