Monday, September 22, 2008
LETTER TO STOP THE TRUST- COPY/PASTE FILL IN AND SEND
Honorable Joel Ario
Attention: Robert Brackbill
Chief Company Licensing Division Insurance Department
1345 Strawberry Square
Harrisburg, PA 17120
Fax:(717) 787-8557
Email: rbrackbill@state.pa.us Date
Your Name
Address
City, State, Zip Code
Telephone number
Email address
Re: CONSECO Senior Health Insurance Company FORM A Filing
Dear Commissioner Ario:
I am writing about the plan Conseco Senior Health Insurance Company has submitted to the Pennsylvania Department of Insurance to move my Long-Term Care insurance policy into a “Trust.”
If Conseco will be making a one time contribution of $175 million to the trust and policyholders like me will be asked to contribute between $300 and $400 million in the form of future rate increases; how is this a good solution for senior citizens who are policyholders?
My rates have already been increased and increased and increased. This Trust will surely force most of us policyholders to lapse our policies because we cannot afford more increases.
I am concerned that any claim request I have will not be treated fairly once my policy is no longer backed by an insurance company.
Gambling with my financial security to save an insurance company from a bad investment cannot be allowed to proceed.
This Conseco Senior Health Insurance Company (CSHI) Trust is a very bad idea and I am opposed to it and ask you to disapprove it outright.
Respectfully,
Name
Attention: Robert Brackbill
Chief Company Licensing Division Insurance Department
1345 Strawberry Square
Harrisburg, PA 17120
Fax:(717) 787-8557
Email: rbrackbill@state.pa.us Date
Your Name
Address
City, State, Zip Code
Telephone number
Email address
Re: CONSECO Senior Health Insurance Company FORM A Filing
Dear Commissioner Ario:
I am writing about the plan Conseco Senior Health Insurance Company has submitted to the Pennsylvania Department of Insurance to move my Long-Term Care insurance policy into a “Trust.”
If Conseco will be making a one time contribution of $175 million to the trust and policyholders like me will be asked to contribute between $300 and $400 million in the form of future rate increases; how is this a good solution for senior citizens who are policyholders?
My rates have already been increased and increased and increased. This Trust will surely force most of us policyholders to lapse our policies because we cannot afford more increases.
I am concerned that any claim request I have will not be treated fairly once my policy is no longer backed by an insurance company.
Gambling with my financial security to save an insurance company from a bad investment cannot be allowed to proceed.
This Conseco Senior Health Insurance Company (CSHI) Trust is a very bad idea and I am opposed to it and ask you to disapprove it outright.
Respectfully,
Name
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