Navigation Links
Expert Says Conseco Trust May Significantly Alter The Senior Health Care Market
Date:10/27/2008

ONTARIO, Calif., Oct. 27 /PRNewswire/ -- Baby boomers are turning 62 every seven seconds. Many are now questioning how they will manage their own health care in their senior years, says Frank N. Darras, the nation's leading disability and Long-Term Care insurance lawyer.

(Photo: http://www.newscom.com/cgi-bin/prnh/20070717/NYFNSC02)

Senior health insurance is sold as Long-Term Care. It has been sold and marketed to our grandparents with a rich promise of independent living. Nursing home care, assisted living and in-home coverage was the bait. Many of our parents and grandparents believed the promise and have shelled out huge premiums, for a lot of years. Unfortunately, big insurance failed to honor what they sold and seniors across America are in trouble, Darras says. See http://www.darrasnews.com.

Conseco is dumping over 144,000 policyholders into a self-destructing trust through the Pennsylvania Department of Insurance. Penn Treaty is hanging on but fighting with it's re-insurer. See http://www.savemyltc.com.

"Boomers beware, this is just the beginning," says Darras. "If the Conseco Trust succeeds, the template for other insurers to dump their poorly performing Long-Term Care blocks will be set in stone."

Boomers are beginning to understand the carriers' promise of peace of mind and security is bankrupt. If companies don't deliver on their promise to today's seniors, why would anyone believe they will deliver in 10-20 years, asks Darras.

"Don't get me wrong, there are still good companies making honest promises and delivering the benefits. New York Life has never raised premiums and does a wonderful job fairly evaluating claims. Unum has done a nice job on both the individual and the group side of good faith claim handling on Long-Term Care," says Darras.

The Conseco situation demonstrates how many Long-Term Care carriers low-balled the market. After overselling and under-pricing LTC, they cannot be surprised they are losing their claim shirts, says Darras.

"Conseco should be held accountable to its many senior policyholders. After all, what did they do wrong? These people believed the promise and paid their premiums on time, every time," says Darras.

"All we want as policyholders is our benefits if we deserve them. None of us can finance disaster, that's why we buy insurance. Shop wisely and remember to hold your insurer accountable," says Darras.

Our seniors cannot afford to pay ever increasing premiums on a fixed income, only to be denied their benefits when they need them the most, says Darras. If you are wrongfully denied your benefits get help. Understand what you bought, how your policy works so you can get paid what you deserve.


'/>"/>
SOURCE Frank N. Darras
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Leading the Way in Cosmetic Surgery Los Angeles Surgeon and Beauty Expert, Dr. Christine Petti Offers Minimally Invasive SmartLipo™ – The Smart Way to Lose Fat
2. Grupo IMO Hosts Symposium on Use of TomoTherapy for Stereotactic Radiosurgery and Stereotactic Body Radiation Procedures : Experts Detail HiArt Platform Advantages for Treatment of Brain, Lung, Pancreatic and Metastatic Cancers
3. Thomson Reuters Launches Thomson Pharma KOLexperts(R) to Help the Pharmaceutical Industry Objectively Identify, Verify and Rank Scientific Experts, Product Advocates, Clinical Investigators and Key Opinion Leaders
4. Children's National Experts Presenting at American Academy of Pediatrics Conference
5. Local Experts Help Women Living and Working with Cancer Even the Score
6. Save Money, Lives, and the Earth by Combining Conservation and Family Planning, Say Experts at World Conservation Congress
7. Thousands of Public Health Experts to Address Leading Issues at APHA Annual Meeting, Oct. 25-29
8. Emory Health Policy Expert Weighs in on Candidates Health Care Plans
9. PFCD Experts Cite Health Care as Next Financial Casualty on Horizon
10. Medical Marketing Expert Offers Dentists Tips for Thriving Down Economy After the Wall Street Dilemma
11. Top Insurance Expert Calls on 144,000 Holders of Long-Term Care Polices to Protest an Eleventh Hour Conseco Trust
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/26/2016)... ... 2016 , ... Pixel Film Studios Released ProSlice Levels, a Media Slicing Effect ... videos a whole new perspective by using the title layers in ProSlice Levels ... , ProSlice Levels contains over 30 Different presets to choose from. FCPX ...
(Date:6/25/2016)... ... June 25, 2016 , ... Experts from ... at AcademyHealth’s Annual Research Meeting June 26-28, 2016, at the Hynes Convention Center ... care topics including advance care planning, healthcare costs and patient and family engagement. ...
(Date:6/25/2016)... ... , ... First Choice Emergency Room , the largest network of independent ... Director of its new Mesquite-Samuell Farm facility. , “We are pleased to announce ... Dr. James M. Muzzarelli, Executive Medical Director of First Choice Emergency Room. , ...
(Date:6/25/2016)... ... June 25, 2016 , ... Conventional wisdom preaches the benefits of ... of the latter, setting the bar too high can result in disappointment, perhaps even ... progress toward their goal. , Research from PsychTests.com reveals that behind ...
(Date:6/24/2016)... ... June 24, 2016 , ... Marcy was in a crisis. Her son James, eight, was out ... family verbally and physically. , “When something upset him, he couldn’t control his emotions,” remembers ... would throw rocks at my other children and say he was going to kill them. ...
Breaking Medicine News(10 mins):
(Date:6/23/2016)... INDIANAPOLIS , June 23, 2016 Roche ... received 510(k) clearance for its Elecsys BRAHMS PCT (procalcitonin) ... severe sepsis or septic shock. With this clearance, Roche ... provide a fully integrated solution for sepsis risk assessment ... associated with bacterial infection and PCT levels in blood ...
(Date:6/23/2016)... Research and Markets has announced the addition of ... their offering. The current ... environment for MedImmune to enter. The US ageing population creates ... drive considerable growth for effective anti-influenza medications. The introduction of ... but development is still in its infancy. ...
(Date:6/23/2016)... and INDIANAPOLIS , June 23, ... a Lilly Diabetes Tomorrow,s Leaders Scholarship is any indication, ... winners, announced today online at www.diabetesscholars.org by ... 1 diabetes stand in the way of academic and ... the Foundation,s scholarship program since 2012, and continues to ...
Breaking Medicine Technology: