“UnitedHealth never sold any long-term care insurance, but state guaranty funds are requiring UnitedHealth and other health insurers to pay assessments to cover the cost of protecting the policyholders of Penn Treaty Insurance Company and a sister company. Pennsylvania regulators are in the process of liquidating both companies, after concluding that the company’s reserves cannot support the LTCI coverage the companies wrote.”
LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
The “risk pool” for insurers.
UnitedHealth to take $350 million LTCI guaranty fund charge