Lifestyle, mental factors key to LTC underwriting

Article Abstract:

Cognitive functions and applicant lifestyle are as important to effective underwriting of long-term care (LTC) insurance as the applicant's physical condition. A 1995 survey by Cologne Life Reinsurance Co found that 97% of the companies responding incorporate these assessments into their underwriting procedures. Insurers use several screening methods to assess risk in LTC applications, including questions on the applications form itself, telephone and personal interviews and use of attending physician statements.

Aged, Elderly, Long term care

---

Joint effort required to build top vendor base

Article Abstract:

Collaborative efforts between field underwriters and the home office can significantly improve quality and control costs of paramedical vendor services. A vendor service/quality control audit of services conducted by field underwriters and the home office can alert the home office to potential problems, strengthen long-term client relationships and illuminate areas of improvement. A thorough audit should rate punctuality in completing required forms, ability to administer routine medical screens and accuracy.

HEALTH SERVICES, Offices of All Other Miscellaneous Health Practitioners, Medical Service Workers, Standards, Allied health personnel, Medical personnel

---

Long-term options proliferate on tax breaks

Article Abstract:

Long-term care insurance policies provide nursing or home health care for the elderly, which is not covered by regular health insurance policies. The policies may be purchased as stand-alone policies or riders to life insurance policies. There are a number of tax benefits associated with the purchase of long-term care policies. This survey reviews 36 policies offered by 29 companies.

Surveys, Health insurance industry

Similar abstracts:

• Abstracts: Credentialing is key to avoiding lawsuits. Any willing provider laws threaten to sink managed care. Crackdown set on health care fraud
• Abstracts: Don't forget the underwriter. Putting paper in its place
• Abstracts: Review of 1992 P/C Best's rating assignments. Best's rating monitor: six month review property/casualty insurers
• Abstracts: A slight recovery in accident & health. A&H underwriting loss more than doubled, again
• Abstracts: Labor government likens pension providers to alcoholics. Opportunity awaits the prepared. Sales automation systems increase sales, productivity

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.