http://explainmyclaim.com/news Fri, 14 Nov 2008 21:32:46 +0000 http://backend.userland.com/rss092 en A multi-state investigation has resulted in a multi-million dollar fine against long term care insurance giant, Conseco. The fine was imposed due to a pattern of consumer harm in Conseco’s long term care insurance practices. The settlement breaks down into a $2.3 million dollar fine with an additional $30 million ... http://explainmyclaim.com/news/?p=3 The Wall Street Journal recently investigated the growing trend for states to join up with private insurance companies to market long term care insurance. It found that many states are trying to curb the high costs of long term care paid under Medicare, the joint federal-state health insurance program for ... http://explainmyclaim.com/news/?p=5 Parade Magazine says that while Americans are living a lot longer, the increased longevity has created a new financial dilemma: how to prepare for the high cost of old age. Many people will need assistance with dressing, bathing and housekeeping tasks. The article tells you what to look for when ... http://explainmyclaim.com/news/?p=7 In what is sure to be the most important Supreme Court decision in the area of long term disability claims in decades, the Court has agreed to hear the case of MetLife v. Glenn. The Court will decide whether or not the standard of review should be heightened when an ... http://explainmyclaim.com/news/?p=9 Senate Finance Committee ranking member Chuck Grassley (R-Iowa) this week asked 11 long-term care insurers to provide information on their business practices in response to "troubling data," the New York Times reports. In a letter sent to Genworth Financial, Conseco, Penn Treaty American and eight other insurers, Grassley asked for ... http://explainmyclaim.com/news/?p=11 Iowa Attorney General Tom Miller is launching a probe into long-term care insurance, following complaints from seniors who say they're not receiving the benefits they were told their policies would deliver. Miller has long taken an aggressive stance towards fraud aimed at seniors. The state ranks second in the nation ... http://explainmyclaim.com/news/?p=13 Michael Moore’s new movie, Sicko, takes a hard look at the healthcare system in the US today. While the stories he presents in the movie are sometimes hard to watch, they do represent real life situations of Americans who have been treated very badly by their insurance companies. It is ... http://explainmyclaim.com/news/?p=15 Unfortunately, many people’s experience with long term care insurance have been far from wonderful. Hilda Puth, a Southern California homemaker, took out a long-term care policy on herself in 2001 because her husband, George, had been disabled by a stroke. She wanted to be sure that if she, too, became ... http://explainmyclaim.com/news/?p=17 The New York Times reports that a Congressional committee has begun looking into business practices in the long term care insurance industry. The House Committee on Energy and Commerce has asked Conseco and the Penn Treaty American Corporation, two of the nation’s largest sellers of long-term care insurance, to produce ... http://explainmyclaim.com/news/?p=19 Members of Congress are calling for investigations into alleged long-term-care-insurance abuses just as the government is set to release its latest survey, showing a 97% satisfaction rate among policy claimants. This follows a report in the New York Times of a high number of claims being denied, and practices that ... http://explainmyclaim.com/news/?p=21