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:6/28/2017)... ... June 28, 2017 , ... American Farmer proudly announces the participation of Pure ... television series, scheduled to broadcast fourth quarter 2017. American Farmer airs Tuesdays at 8:30aET ... of garden pea seed. As demand grew, the small company located in Moscow, Idaho ...
(Date:6/28/2017)... ... June 28, 2017 , ... ... financial consultations to communities in northern Virginia and DC, is announcing a cooperative ... for patients with Alzheimer’s and other disorders that lead to memory impairment. , ...
(Date:6/27/2017)... ... , ... Harbour , a DAO (decentralized autonomous organization) that harnesses the ... their technical specifications . , 2017 has seen an explosion of token launches ... which offerings will garner the greatest ROI. Dean Eigenmann, Co-founder and CEO of Harbour, ...
(Date:6/27/2017)... ... , ... A January 18th article on medGadget reports that the ... the year 2024 according to a new report. The article also notes that the ... Los Angeles area clinic Beverly Hills Periodontics & Dental Implant Center says that it ...
(Date:6/27/2017)... (PRWEB) , ... June 27, 2017 , ... ... P. Fabrykiewicz Scholarship Foundation Fundraiser hygiene symposium in Mystic, CT. Covering the process ... Urbanski offered their experience in these popular periodontal procedures. Drs. Toback and Urbanski ...
Breaking Medicine News(10 mins):
(Date:6/14/2017)...  ivWatch LLC, a medical device company focused on ... is pleased to announce it was the Bronze Winner ... and Equipment at the 2017 Medical Design Excellence Awards ... The award was presented by Medical Device and Diagnostics ... New York during MD&M East, ...
(Date:6/12/2017)... , June 12, 2017 Kineta, Inc., a ... announced Kineta Vice President of R&D and Head ... the Pandemic Preparedness for the Northwest and Beyond ... held on June 14, 2017 from 8:30-10:30 AM PDT at ... Dr. Bedard will be joined by ...
(Date:6/9/2017)... and INDIANAPOLIS , June 9, ... living with diabetes. In a further effort to help ... affected by this condition, the International Diabetes Federation (IDF) ... ) have come together for the second phase of ... Systems programme (BRIDGES 2), reaffirming their commitment to helping ...
Breaking Medicine Technology: