Conseco to introduce to the systems and the functional solution of long term care the group

carMEL, Ind., November 28 /PRNewswire FirstCall/ — Conseco, Inc.. mentioned today that it is thereby to introduce has, systems and functional solution made term available care of business in its other business in the discharge segment from long term care the Group, Inc. (LTCG) for certain Zurueckbuero functions long. Conseco announced early this year that it regarded this solution. Under the agreement:

— LTCG transfers responsibility for the customer attendance center and the processing of the continuing requirements and other negotiations for the 170,000 long term care political guidelines in the other business in the discharge segment. The parties expect that LTCG all requirements moves away to its systems up to the early 2009, and all politics line to its systems up to the 2010. The Conseco employee, who accomplishes at present these functions, becomes employees of LTCG. — for these political guidelines, Conseco keeps responsibility for output requirement decisions, requirement of resemblances and the financial report, and the Conseco employee, who accomplishes at present these functions, remains with the company. — Conseco keeps the whole policy concerned on its books and keeps also responsibility for all processing functions, which are referred to long term care the policy, which will geherausgeben by its bank experiencing and accident subsidiary.

Conseco CEO Jim Prieur said, “this is an important step, if it improves the achievement long term care of the business in the other business in the discharge segment. By extending our relationship to LTCG to the further systems of the lever strength LTCG’s and to the service oh knowledge, we handle this business better and serve better our customers.” “management crew Consecos is specified to excellent services totally to to make available and correct treatment from cases of damage to their evaluated insurants,”, said Peter Goldstein, LTCG president. “we are proudly to have been decided to be helped to obtain and look to long designation a relationship forward this goal.” LTCG CEO Bruce Baude said, “our company profits from adding the Conseco carmel staff. They are a group in high of degrees motivated and engaged individuals, who are passionate over their jobs. We are pleased to welcome it into our organization.” long term care Group, Inc. is the largest manager care term long the country and places services too over 30 long term care insurers including eight of the upper 10 for the order. The company offers complete politics policy including the application processing, first-class charge metering, customer service and requirements and care management. On adding LTCG has a durable advised practice to specialize in product development, risk management, observance and insurance-statistic services. Under mark careLink LTCG puts a full distance of the telephone and confidential estimates to its nation at the disposal, which generally use its net of the nurses. With nearly 1,000 employees and over 1 million political guidelines under management, LTCG in the Eden grass country, Minnesota is had and functional in the middle into double cities, in the Nashville and in the Orlando has. Conseco, assistance of companies insurance Inc. protect working American families and senior against financial misfortune: Medicare addition, long-term care, cancer, heart/stroke and accident-political guidelines protect people from unplanned main expenses; Bonds and life insurance products help people plan during their Geldtermingesch�efte. To more information web site attendance Consecos on www.conseco.com. Concerning caution rushing legend forwardlooking is statements. Our statements, trend analyses and other information, which will contain this Pressekommuniqu�s for products Consecos in relative.to the markets and in the tendencies in the enterprises or in the financial results Consecos, as well as other statements, contain statements within the meaning of the federal collateral of laws and the private collateral law case improvement act of 1995 forward to look. Forwardlooking statements usually by the use of designations as “to anticipate,” “believe,” “plan,” “estimation,” “expect,” “project,” “intend,” “be able,” “become,” “,” “consider marked,” “possible,” “attempt,” “search procedure,” “, if,” “,” a “goal,” a “goal, could” “on rail,” “comfortably also,” “optimistic” and similar words, although some forwardlooking statements are expressed differently than. They should regard statements, which contain these words carefully, because they describe our expectations, plans, strategies and goals and our faith is regarding the future business conditions, our results of the enterprises, financial situation and our business prospect or it indicates other one the information “, which forwardlooks”, which is based on at present available information. Acceptance and other important factors, which could arrange our actual results to differ from those materially which were anticipated in our forwardlooking statements, include, among other things: (i) our ability increases to achieve sufficient and rate within the prescribed period to our additional health products including our long-term care business; (ii) number of deaths, morbidity, consumption of the health care services, perseverance, the suitability of our preceding reserve estimations and other factors, which can affect the profitability of ours insurance products; (iii) changes in our acceptance, which produced at the expense politics or the value of political guidelines inforce at the effective date are referred; (iv) our ability anticipated to obtain reductions of expenses and levels of the functional efficiencies including improvements in the requirements awarding and continued automation and rationalization of the operating systems; (V) achievement of ours investments; (vi) our ability to mark products and markets in which we can compete against competitors with larger market share, higher evaluations, larger financial operational funds and stronger mark consciousness effectively; (vii) the crucial result of processes arranged against us and other certified and regulating procedures, to whom we are topic; (viii) our ability to the remediate material weakness in internal controls over the insurance-statistic reporting process, which we year end to 2006 on and effective controls over the financial report marked to maintain; to continue (ix) our ability, productive representatives and distribution of partners and customer answer to the new products to draw in and keep to the selling ways and to the marketing initiatives; (X) our ability degradiert to obtain an ascending of the financial strength evaluations of ours insurance company subsidiaries as well as the possible effect of the evaluation on our business; (xi) the danger factors or the uncertainties registered occasionally in our archivings with the collateral and exchange commission; (xii) regulating changes or activities, including regarding are regulation of the financial affairs of ours insurance companies, like the payment the regulation care from dividends to us, regulation of the financial services, those affect (among other things) bank sales and a signing insurance of the products, regulation of sale price firmly, signing and set of the products, and health, which affects health insurance products; (xiii) economic overall situations and other factors to sell including vorherschende interest rate levels, stock and credit market achievement and health care inflation, which (among other things) can affect our ability, products and capital on acceptable designations to make the return on and the market value accessible ours investments, and the mistake rate and the profitability of political guidelines; and (xiv) changes in in the laws and the regulations of the federal income tax, which can affect or which relative tax benefits of some our products to eliminate. Other factors and acceptance, which are not marked above, are relevant also to the forwardlooking statements and if they examine wrong, actual results could also arrange, from those materially to differ project. The completely written or forwardlooking mouth statements, which are zuzuschreibend us, are qualified expressly in their entireness by the preceding caution rushing legend. Our forwardlooking statements speak only starting from the formed date. We do not take an obligation to update or announce the results public to all possible New editions to any of the looking forward statements to reflect around actual results, future cases or developments, changes in the acceptance or to changes in other factors, which affect the looking forward statements.

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HSAs and HRAs not so directly, as they sound

Employees do not know possibly their ABCs, as well as they know to think that them, if it comes to the confusing alphabet soup, which health insurance is. Although 61 per cent said workers in a new fidelity investments overview co-ordinated the fact that they have a good work knowledge their health care of use, more than half did not know, which HSAs or HRAs is. Health savings accounts (HSAs) and health remuneration accounts (HRAs) do not know possibly large discussion of individual parts, but probabilities its are you, or someone, which you know, has soon. Forty three per cent of Korporationen offer now insurance plans with low premiums however high deductibles, according to data of the international basis of the employ-operational age power supplies. The HSAs connected with tax benefits and the HRAs usually go apart from high-derivable health plans to fill the distance between, begin medical costing and medical insurance begin to pay. “are they a use, or hurt them? It hangs, “called Paul off Fronstin, director of the health research for Angestellt-Nutzen-Forschungsinstitut, one Washington based group, which, employing use programs and health studies to form care general policy and tries. Maintenance organizations, but HMOs connected high-derivable health of plans erFordern lower out of bag expenses for patients with HSAs and HRAs supplies usually auserleseneres as health. “someone could come by a HMO situation, into it to a restrictive net of the doctors was bound and it ready is to be paid to have auserleseneres” said Fronstin. He said that HSAs and HRAs for low incomes can be less favourable, unhealthy people, because expenses with the quantity of the used health care services increase out of bag. Since these kinds audits began first to take form 2001 more consumer to the applicable costs medical care in this country was exposed. Health savings account and health remuneration account view similarly at the first volatile view. In both cases Vorbesteuerungdollar are marked to pay over deductibles or for the services not usually taken off through insurance, like eye care and orthodontia.

Key differences however some key differences form better for workers and the other one a possible money rescuer for employers, said Fronstin.

The main difference refers also, whom money keeps however used up characterized for health care. It is that employee under HSAs, the company under HRAs. HRAs emerged there a way to help to cover deductibles — the money patients must spend, before insurance a plan steps inside. During employers with rising health, HRAs used care costs wringing LED in connection with high-derivable health of plans of won traction power. Austin created complete NahrunGSMittelmarkt offers its employee to HRAs. All day workers do not pay out health insurance premium from their own pay cheque, but under a high derivable insurance plan are covered, which is connected with a HRA. Complete NahrunGSMittel finances the accounts; more years services, that more largely the contribution. “crew members can which suitable expenses it for with their HRA dollar pay would like,” to spokeswoman Ashley said Hawkins select.

High deductibles A must eichelhaeher Donnella, a director at insurance broker company the free note crystal and think CO that HRAs are meaningful for a quantity employers. By law must be fitted health savings accounts also high-derivable plans.

For 2007 the public revenue service defines high deductibles as at least $1,100 for Selbst-nur covering and $2,200 for family covering. There is no minimum, which is derivable for the plans, which with remuneration accounts it is fitted that means that employers her can existing health plans add even if her carry low deductibles. A typical company could promise an employee $1,000 one year in a HRA, in order to help to postpone deductibles or other health expenses. But a HRA is essentially a promise to pay to health care costs the employee submits. Whatever at the year end the stays in the Coffers of the company is not spent. Statistics represent that less than 20 per cent of workers exceeds $1,000 into the out of bag expenses, as much the money, that at HRAs are are specified never, paying. “it is the promise of the payment, but most dollar never leave the company,” said Donnella. Mentioned Fronstin some companies to decide let remuneration account dollar from year result to year, but, if employees leave the enterprise, leaves the money with them rare.

The HSA advantage, which is, where health savings accounts give to employee a clear advantage, said he.

In place of straight of the promise of the payment, really contribute employers money to a HSA. Workers can set money inside in addition, as Inge-set parties in third place such as parents or can. Which enters money into the account, the employee, the drawing interest and rolling become over from year to year. HSAs are mobile, therefore leaving does not mean a going for a new job away of the wertvollen health care dollar. A pot money to construct for future health care and even retirement stage expenses seeing to Fronstin, which is said, is a good incentive for the employees for not overstraining to the medical system. “with a HSA, the money is it this changes behavior. HRAs keep outstanding as employer money. The mentality, which can take over, is, ‘ does not leave everything not on the table, ‘ “said Fronstin. There are three-way taxfree years in the play in addition. Employees pay income taxes on the Kapitaln, which are not contributed to a HSA, with a maximum contribution of $2.850 for individual covering and of $5.650 for family covering, under IR guidelines for 2007. Interest on the account is also taxfree. Finally if dollar by the HSA are taken back, they are not taxed, as long as the money is used for medical purposes. There are possible impairments for employers, which contribute to HSAs. As soon as money is inserted into an account, it is always lost to the company. Also HSA dollar can explain expenses to be used like money in all possible saving nonmedical, although releases the taxes and punishments.

HSAs flare, while remuneration accounts popularity in the market won, HSAs up-snapped.

According to plan insurance health Americas one offered insurance high-derivable plans in connection with trebled HSAs from 2005 to 2006 to industrial business connection in Washington, low premium. George Owoc is a director that business line for Astrium North America, a 23-employee United States subsidiary of EADS, the European aviation giant, that possesses also airbus. It arranged health plan HSA a combined continuous blue blue cross sign of Texas, which covers 100 per cent derivable costs of the employees when giving the company one insurance Prolongationssatzes, which increased last year only by 1 per cent. Astrium kept praemienerhoehungen nailed with very large year after year, when Owoc carried out that and its workers peeled the company out near at $15.000 per person per year, around them medical covering with traditional $250 to give derivably for families. By moving that derivably to $5,000 one year, Astrium selected down its first-class costs. Instead of forming, employees, pay you the derivable, to company deposits the money in employee HSAs, in order to cover the full derivable of $5.000 for a family or of $2.500 for individual covering. “blue cross knows that it does not have front expenses and we more to spend not somehow, than we already were” said Owoc. “if an employee only $1,000 from the $5,000 spends, gives we her, has her $4,000, who remains in this account and acquires interest and with it or you goes. It can be used for medical expenses even after retirement, all the same which plan they are with then.” “as soon as we explained all, called people me to them and thanked me. That never happens, if you are in this kind of an administrative position.” lynn.cook@chron.com

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