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Golden Rule Insurance Company was a provider of health insurance based in Indianapolis with operations in 40 U.S. states and the District of Columbia. It was acquired by UnitedHealth Group in November 2003. [1] [2] [3] It was closely involved in the establishment of health savings accounts (HSA) and the related tax incentives. [4]
Membership in FACT was required to buy certain health insurance products by Golden Rule Insurance Company. [3] FACT was formed in 1984 under the not-for-profit corporation laws of the District of Columbia. It has a governing board of directors with four members, who are elected annually by a vote of regular members.
John Patrick Rooney (December 13, 1927 – September 15, 2008) was the chairman and founder of the Fairness Foundation, whose goal is to help low-income Americans with education and health care. He is the father of Medical Savings Accounts, now known as Health Savings Accounts. [1] [2] [3] He had been the chairman of Golden Rule Insurance Company.
UnitedHealth Group Incorporated is an American multinational for-profit company specializing in health insurance and health care services, based in Minnetonka, Minnesota. Selling insurance products under UnitedHealthcare , and health care services under the Optum brand, it is the world's ninth-largest company by revenue and the largest health ...
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In 1820, there were 17 stock life insurance companies in the state of New York, many of which would subsequently fail. Between 1870 and 1872, 33 US life insurance companies failed, in part fueled by bad practices and incidents such as the Great Chicago Fire of 1871. 3,800 property-liability and 2,270 life insurance companies were operating in ...
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