Navigation Links
Top Insurance Expert Calls on 144,000 Holders of Long-Term Care Polices to Protest an Eleventh Hour Conseco Trust
Date:9/25/2008

ONTARIO, Calif., Sept. 25 /PRNewswire/ -- Conseco, an Indiana based insurance company, without notice to policyholders has decided to move 144,000 Long-Term Care policies into a Trust that could financial ruin senior citizens, 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)

Frank N. Darras has urged 144,000 holders of these Long-Term Care insurance policies to protest immediately the creation of this Trust. See http://www.savemyltc.com.

"Without any notice or warning to these faithful, premium paying seniors, Conseco has proposed creating a new Senior Health Insurance Trust to uncouple a hemorrhaging block of business it purchased from American Travelers and Transport Life in the mid-1990's," says Darras. "The end of the comment period to the Pennsylvania Department of Insurance is September 30, 2008."

According to Darras, Conseco has a history of treating its Long-Term Care policyholders badly. Earlier this year, the Pennsylvania Insurance Department found Conseco had violated insurance claims handling practices and fined the company $32.3 Million. Acting Pennsylvania Insurance Commissioner Joel Ario, defined the bulk of the fine as "restitution to consumers who were harmed".

Now, however, the Pennsylvania Department of Insurance appears to be working with Conseco to approve this Trust. The timeline started in an August 11 Conseco conference call and the deadline for commentary is September 30th. "What's the rush?" asks Darras.

"Conseco wanted to be the industry leader in Long-Term Care. Now it's time for the company to honor what it sold. It looks as if the company is attempting to spin off an eleventh hour Trust, without notifying the very policyholders that will be affected and that is wrong," says Darras.

Conseco policyholders and all LTC policyholders are urged to write or fax the Pennsylvania Insurance Department to weigh in on this very important Trust, according to Darras.

Contact Frank N. Darras directly at http://www.savemyltc.com or call 800-458-4577, visit http://www.darrasnews.com or email at info@savemyltc.com.


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

Related medicine news :

1. Patients with Medicaid and those lacking insurance have higher risk of advanced laryngeal cancer
2. Insurance Impacts Laryngeal Cancer Detection
3. Record Number of Americans Lack Health Insurance
4. National Association of Subrogation Professionals (NASP), the Largest Insurance Subrogation Association in the World - Announced Today that Leslie Wiernik has Joined the Organization as Director of Education
5. CIGNA Group Insurance Shows Consumers Theres More to Life Through a New Consumer Education Toolkit
6. HealthInsuranceFinders.com Launches Video Contest for Young Directors
7. Dr. Allen Woolf Appointed Chief Medical Officer For CIGNA Group Insurance
8. International Gateway Insurance Brokers Partners With MEDILINQ
9. New AHIP Report Takes a Ten Year Look at the Unintended Consequences of State Efforts to Change the Insurance Market
10. ComPsych(R) Corp. Announces Health at Work(SM) Award Winners: Sprint, Erie Insurance, City of Naperville and Green Hills Public Library
11. Health Insurance Industry Contributions to Politicians Block Regulation, Affordability in Health Care Debate, Says FTCR
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/20/2017)... ... 20, 2017 , ... Chuck E. Cheese’s® and Center for Autism and Related ... Chuck E. Cheese’s locations throughout New England, New York and New Jersey to provide ... the fun of visiting Chuck E. Cheese’s in a sensory-friendly environment. , After ...
(Date:2/19/2017)... ... February 19, 2017 , ... The Citadel’s new Swain Department ... being led by Amelia Joseph, Ph.D. Joseph was engaged by the college as a ... department in early 2016. After a nation-wide search, she was selected to head the ...
(Date:2/19/2017)... ... February 19, 2017 , ... ... result in better care, and MEDfx and the Delaware Health Information Network (DHIN) ... , As the nation’s first state-wide health information exchange, DHIN stores and shares ...
(Date:2/18/2017)... Waltham, Massachusetts (PRWEB) , ... February 17, 2017 ... ... be the leading source of disruptive innovation in the industry, according to the ... Insights Reports are based on surveys of the NEJM Catalyst Insights Council, a ...
(Date:2/18/2017)... ... February 17, 2017 , ... Park Cities Pet Sitter President, Joette White, ... Pet Life Radio network. The episode, which was posted this week, features a ... factors led to Park Cities Pet Sitter’s being awarded the 2017 National Association of ...
Breaking Medicine News(10 mins):
(Date:2/19/2017)... Feb. 19, 2017   AC Group Inc. , ... ranking of vendors in the PMS/EHR healthcare marketplace, will ... system requirements to succeed in this ecosystem at HIMSS,17. ... together information obtained from over 200 ACOs, compared and ... and services companies that are providing different pieces of ...
(Date:2/19/2017)... , February 18, 2017 Marapharm ... to purchase a Medical Delivery Service with the specific ... transactions between qualified patients and caregivers. The delivery service ... located in the Coachella Valley, California ... Los Angeles area to the West, population ...
(Date:2/18/2017)... Feb. 17, 2017   Parker Waichman ... the rights of victims injured by medical devices, ... to call for better reporting. Congress required hospitals ... Safety concerns involving power morcellators and duodenoscopes prompted ... investigate how hospitals report injuries and deaths related ...
Breaking Medicine Technology: