Saturday, November 17, 2007

Grassley Requests Information From Long Term Care Insurers Beauty Health

Senate Finance Committee ranking member Chuck Grassley Beauty Health 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 Beauty Health.

Beauty Health In a letter sent to Genworth Financial, Conseco, Penn Treaty American and eight other insurers, Grassley asked for detailed information on the procedures that the companies use to process policyholder claims, inquiries and denials, and whether employees receive rewards for claims denials.

The letter cited data collected by the National Association of Insurance Commissioners that found a 92% increase in complaints about long-term care insurers between 2001 and 2006.Beauty Health In addition, the data found that a majority of complaints related to claims denials resulted in the reversal of the denials. According to NAIC, This is a pattern of error not typically found in other lines of health-related insurance Beauty Health.

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