Navigation Links
State Governments are Snookering Seniors

Boomers Beware!

ONTARIO, Calif., March 4 /PRNewswire/ -- Seniors have done their share. Millions stepped up and bought long-term care insurance policies. Unfortunately, big insurance and state government have failed to stop runaway premium increases. Those who bought and paid for rich coverage have been forced to lapse their policies. Now, long-term care insurance has your states' seal of approval and endorsement.

Last week's Wall Street Journal cover story detailed how the State of California sent millions of "pitch letters, urging low and middle-income residents to buy long-term care insurance to cover future nursing home bills." States Draw Fire for Pitching Citizens On Private Long-Term Care Insurance, see

"75 million Americans over 50, are aggressively being targeted for long-term care," says Frank N. Darras, the nation's leading disability and long-term care insurance lawyer. "Why hasn't State government stopped runaway premium rate increases? Seniors need to keep their coverage."

Some insurance companies, greedy for market share, oversold and under priced long-term care. Why? Long-term care generates 10 million dollar a year in premiums. Policies were poorly underwritten, had generous contract language and paid big commissions. These same carriers are now succeeding with repeated rate increases. See

The Journal went on to say, "Behind the plug: California, like many other states, is trying to curb the high costs of long-term care paid under Medicaid. Last year, Medicaid expenditures for nursing-facility and other long-term care bills hit $100 billion. Along with California, 14 other states are now endorsing long-term care policies under marketing partnerships with the insurance industry. More than a dozen others are getting started."

Seniors can't endorse big insurance or put faith in long-term care partnerships until several things happen, says Darras.

-- First, state governments must stop granting unreasonable rate

increases. How are seniors going to fund 100-300% price increases when

they depend on social security checks to eat?

-- Second, seniors need reassurance their state will ensure their

righteous claims get paid timely. What good is a policy if the claim

process is difficult and confusing?

-- Insurance companies know sick people don't fight hard.

-- Old people don't last long.

"Drilling seniors into the claim mud pays rich dividends," says Darras. "Seniors frustrated with the process give up and eventually lapse their coverage."

Big insurance wants seniors to lapse their coverage? Why? Many carriers are losing their financial shirts. Investment income is down. Poor underwriting has saddled carriers with a mountain of claims.

Darras says that Seniors are in a confidence crisis and need their state government to protect them. Offering "state approved insurance policies" that tout enhanced consumer protection is terrific.

State government has a poor track record of helping seniors keep their policies or get paid. Every state needs to stop long-term care rate increases. Get your seniors' claims paid and then ask them to buy.

SOURCE Frank N. Darras
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. Pennsylvania Health Secretary Tours the State to Discuss the Importance of Health Insurance for All Pennsylvanians
2. Comprehensive Pharmacy Services Awarded $80 Million Dollar Pharmacy Services Contract for the State of Massachusetts
3. Michigan Leaders Join Network to Push for Coverage of States 1.4 Million Uninsured
4. Shared Health Partners With State of Tennessee to Provide Electronic Health Information for Statewide Health Information Network
5. Gentiva(R) Health Services Completes Acquisition of Major Home Health Provider in CON State of Mississippi
6. Physician Assistant Karen Bass Elected Speaker Elect of California State Assembly
7. Gates Foundation Statement on House Committee Action on Global AIDS, TB, and Malaria
8. Chemo Break Benefits Some Men With Prostate Cancer
9. Johnson & Johnson Diabetes Institute, LLC Launches New Center to Provide State-of-the-Art Education, Training to Health Professionals
10. New child health data show state-to-state differences in quality of care
11. Breast cancer death rates among black women not decreasing across all states
Post Your Comments:
(Date:11/30/2015)... ... November 30, 2015 , ... At Grand Dental PC, their priority ... , When you have dental problems, you need to turn to a dentist who ... and treat your needs, a friendly dentist who counsels you on the best ways ...
(Date:11/30/2015)... ... ... Newly reviewed and approved “NJ Top Dentist”, Dr. Eugene Isola III, is ... in 1935. His father graduated from NYU School of Dentistry in 1965. ... their commitment and passion to the Practice of Dentistry. Continuing the family practice ...
(Date:11/30/2015)... ... November 30, 2015 , ... The ... prostate cancer education and prevention—is joining forces with the award-winning creator and writer ... elegance on December 7, 2015 at the Union League of Philadelphia. , ...
(Date:11/30/2015)... ... ... While powdered supplements and drinks can reduce food preparation time, locating the ... has found an easy to keep track of the scoop. , He developed a ... a canister or other container handy and readily accessible. As such, it prevents the ...
(Date:11/30/2015)... ... 30, 2015 , ... Since its inception, Seniors Guide has ... assisted living and all other retirement options. Support for issues surrounding the senior ... a top priority. , So it’s no surprise that every November, Seniors ...
Breaking Medicine News(10 mins):
(Date:11/30/2015)... MOUNTLAKE TERRACE, Wash. and ST. ... Cross and Express Scripts (NASDAQ: ESRX ) today ... benefit agreement. The partnership, which began in 1999, will ... --> --> After evaluating pharmacy ... process, Premera concluded that Express Scripts continues to offer ...
(Date:11/30/2015)... CHICAGO , Nov. 30, 2015   Nuance ... The National Decision Support Company (NDSC) today ... support and collaboration capabilities that utilize the American College ... and healthcare provider organizations to comply with current ... --> --> By combining clinical ...
(Date:11/30/2015)... , Nov. 30, 2015 Varian Medical Systems (NYSE: ... an educational partnership with Apollo Hospitals Group, the largest hospital chain ... will help train radiation technologists in the country. The MoU was ... Apollo Knowledge, and Ashok Kakkar , Varian,s India ... India , Varian intends to deploy its ...
Breaking Medicine Technology: