URGENT: Tell WA State Attorney General Bob Ferguson to investigate consumer fraud by long term care insurance companies.
According to a new report, many big long term care insurance companies are scamming Washington consumers by:
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Denying coverage for pre-existing conditions, turning down applications from Washingtonians suffering from Alzheimer's, Diabetes, Parkinson's, Dementia, Breast and Cervical Cancer, and other more. More than 1 in 5 people older than 50 looking to purchase long term care insurance are automatically denied coverage.
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Leaving consumers high and dry, charging consumers thousands a month, paying CEOs big salaries and bonuses, then shutting their doors. For example, Penn Treaty Insurance declared insolvency in 2017, impacting more than 2,800 WA seniors and other families who had paid tens of thousands in premiums.
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Breaking consumer trust, by exploiting loopholes to jack up Washingtonians' premiums by 20%, 50%, even 300%. Hundreds more consumers say big insurance companies deny people with serious illnesses or injuries professional care at home, or care in a rehabilitation or nursing facility.
Ongoing consumer fraud by many long term care insurance companies is why the state created the Washington Cares Fund, a reliable, trustworthy, and affordable public alternative to Medicaid and corporate long term care insurance.
Long term care insurance agents are selling thousands of policies now to unsuspecting families. As Attorney General, Bob Ferguson is the consumers' advocate. He can take testimony from consumers, subpoena witnesses and insurance company records, and file lawsuits to help thousands of families scammed by long term care insurance companies.
Join us in asking Washington State Attorney General Bob Ferguson to launch an investigation into the widespread deceptive practices of long term care insurance companies.WA Attorney General Bob Ferguson,
We call on you to immediately launch an investigation into big long term care insurance companies' shady schemes and unethical business practices.
Ongoing consumer fraud by many long term care insurance companies is why we need Washington Cares Fund, a reliable and affordable public alternative.
Many long term insurance corporations' regular business practices include:
➡ Denying coverage for pre-existing conditions: Long term care insurance corporations are turning down applications from Washingtonians suffering from Alzheimer's, Diabetes, Parkinson's, Dementia, Breast and Cervical Cancer, and other pre-existing conditions.
➡ Leaving consumers high and dry: Long term care insurance corporations are charging consumers thousands a month, paying CEOs big salaries and bonuses, then shutting their doors.
➡ Breaking consumer trust: Long term care insurance corporations are exploiting loopholes to jack up Washingtonians' premiums by 20%, 50%, even 300%, according to hundreds of consumer complaints.
We call on you to launch an investigation now. It's up to you to hold long term care insurance companies accountable for their impacts on Washington consumers.
