Three congressional committees launched an investigation Wednesday into a dozen health insurers’ “concerning practices” related to their offerings of short-term, limited-duration insurance health care plans.

The troubling practices include denying coverage and misleading customers, according to a press release from the House Committee on Energy and Commerce, one of the committees that has begun to investigate how insurers, among them industry giants Anthem and UnitedHealthcare, and 10 other companies are selling and administering  short-term health insurance plans. 

Also on Wednesday, the Iowa Insurance Division filed a regulatory settlement agreement with Health Insurance Innovations, a Florida-based health insurance company that sells short-term limited-duration health policies. Without admitting wrongdoing, the company agreed to pay a multistate settlement of $3.4 million, which will be shared by the 43 states participating in the agreement. As part of the agreement, the company agreed to provide to the states within 90 days a written compliance plan on how it will change its sales practices. The agreement caps a more than five-year investigation into the company’s practices.

Health Insurance Innovations is one of the 12 companies whose short-term health plan practices are now being investigated by congressional committees. Last year, federal regulators revised rules that broadened the coverage periods for which insurers can sell these policies. 

To continue reading this Insider story about the investigation, click here.