Among all the reasons for rising health insurance premiums, this one might be the most obscure: A long-term care insurer in Pennsylvania just went belly-up.[...] failures are rare, but when they happen, other companies are responsible to help pay claims and protect policyholders through groups known as state guarantee associations.In these situations, long-term care coverage is treated as health insurance, so health insurers are liable for the payments — and some are disputing that.Industry analysts estimate that Penn Treaty has long-term claims liabilities approaching $4 billion, but only about $700 million in assets.Health insurers can pass along those costs by imposing premium surcharges, or they can shift the burden to taxpayers by paying less in state premium taxes.Anthem, the nation’s second-largest health insurer, estimates it will pay $253.8 million to cover its portion of claims.Most state guarantee associations will provide up to $300,000 for each policyholder who files a claim, but the limits vary by state.In California, more than 130,000 people who bought long-term care policies from the state workers’ retirement system received 85 percent rate hikes in recent years.Virtually all of the health insurance companies, especially the big ones, have never sold long-term care insurance,” Belth said, “so they are not appreciative of being assessed.
NYS Entity Status
NYS Filing Date
APRIL 16, 2014
NYS DOS ID#
NYS Entity Type
FOREIGN LIMITED LIABILITY COMPANY
2014 - DOYLE GROUP ASSOCIATES LIMITED LIABILITY COMPANY
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By Ryan Moran - Friday Jul 28, 2017
Wearing custom, spike-less golf shoes painted in Spartan blue and yellow, first-year San Jose State head coach Brent Brennan, approached a microphone at Levi’s Stadium on Friday and immediately was chided for his attire. Apparently, the white crew-neck underneath Brennan’s polo shirt was displeasing to the eye of Stanford’s associate athletic director Matt Doyle. The two went to high school together and Doyle’s father, Kevin, was a sports editor for the late Peninsula Times Tribune newspaper. And where did Kevin Doyle study? San Jose State. Brennan’s return to the Bay Area is greeted with history, from his mother, a former SJSU cheerleader, to his father, a former end for the Spartans.
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