Insurance Fraud Accountability Act

Strengthens protections against fraudulent enrollments in qualified health plans by increasing penalties for agents and brokers who submit false or misleading enrollment information, and by imposing new verification, registration, reporting, and audit requirements on agents, brokers, and marketing organizations. It also directs the Secretary and States to share enforcement information with plans and regulators and gives the Secretary authority to regulate and audit marketing organizations and agents to improve consumer protections.

New verification, reporting, and audit processes must be implemented for plan years beginning on a date set by the Secretary but no later than January 1, 2029; the measure also requires States and federal officials to share lists of suspended or terminated agents and related enforcement actions with plans and regulators.