Geico Corporation Complaint - Failure Of Geico Agent To Fully Disclose Terms Of Auto Accident Settlement
CHARLOTTESVILLE, VIRGINIA -- My Subaru was hit and totaled by a Geico insured driver in February of 2007. My air bags deployed, I was unconscious and suffered other injuries. I finally agreed to a $5,000 settlement in May of 2008, only to be told a year and a half later that this amount was simply to cover the money they had repaid to Medicare for my medical costs as a result of the accident.I When I received my first letter from Medicare telling me that I was to repay them, I called Geico and was told my another Geico agent that the only monies Geico had paid to Medicare was a check in the amount of $10.50. In my opinion, this is out and out fraud on the part of Geico.
NOW, Medicare if asking ME to repay them for the $854.45 they paid on my behalf. When I complained to the Geico agent who handled my claim, he said, "Oh, I told you what this $5,000 was for, and since it's been such a long time since we settled, I am sure you will never hear from this in this regard". Well, guess what? My letter of 10/13/08 from the Medicare Secondary Payer Recovery Contractor states, "Your failure to respond as requested within (60) days of the date of this letter may result in the initiation of additional recovery procedures without further notice, including referral to the Department of Justice for legal action and/or the Department of the Treasury for other collection actions".
I am 75 years old with social security being my primary source of income. I don't have $854.45.
The Geico agent handling my claim called me two weeks ago to say that he had successfully settled any claims that Medicare might have with them, and consequently, myself. Doesn't appear to be true.
I went on line to find out who is on the Board of Directors of Geico, and I will begin to file my complaints with each one of them.I will also write to Warren Buffet. Probably won't do me any good, but I have already written several letters to Medicare, and they don't seem to be working on my behalf either.