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My mother has an active, current long term care insurance policy with Banker's Life. She is living in an assisted living facility. Recently, Banker's denied our 2nd claim because my mother dresses herself. She must use a walker to go 10 ft. and has had 2...
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11 comments
Anonymous
#310543

I agree with Jeff, Barney and ac. The reimbursements (payments received by insurance companies) are based on what the doctors prescribed for your loved one and on how the nurses classified your loved one in the medical records.

That's how all policies including Medicare and Medicaid determine how much to pay based on your loved one's medical condition. There is a rating system to determine how much to receive from all insurance companies including Bankers. All insurance companies determine the reimbursement to pay back to the client or the facility, based on the claims submitted by the nursing facility, home health care agency or the assisted living facility. There is a difference between all these facilities.

Assisted living facilities are for residents who are more independent so qualifying for reimbursements from long term care policies are harder. Nursing facilities are for residents requiring more nursing care so reimbursements from insurance companies are easier because the resident requires more medical assistance, and so forth. Go to www.cms.gov and check Medicare coding to determine how Medicare "reimburses" the facility and that will give you the foundation on how insurance companies pay. It's not the insurance companies to blame on, it's how everyone in the health industry report the person's health through the government agency.

There is a different code for each type of care. Insurance companies look at the same report submitted by the facilities through the same government agency - CMS - who is in charge of Medicare.

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#131677 Review #131677 is a subjective opinion of poster.
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Bankers Life And Casualty Company Life Insurance
My mother and father have had a long term health care insurance policy form Banker's life and casualty since 1998. My father is now deceased and never made a claim from Banker's Life. My mother is currently (9-1-07) living in an assisted living facility. We...
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22 comments
Anonymous
#742570

My firm is representing claimants against Bankers Life and Casualty who were unfairly denied benefits. Often resulting in a lack of necessary care.

We have seen instances where injuries and deaths have arisen during the claims process denying care and increasing stress on the individuals and families at the time of their greatest need.

Puls & Haney,L.L.C., 300 Brunett St., Suite 160, Fort Worth, Texas 76102. Or call us at (817) 498-9911.

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#131232 Review #131232 is a subjective opinion of poster.
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Bankers Life And Casualty Company Life Insurance
My father died February 10. He had an annuity with Banker's Life. I made claim for the money on behalf of myself and two sibling in April. I never heard anything from BL. I contacted the local office mid May and they said we never returned the claim forms. We never...
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4 comments
Anonymous
#78466

Well, Kat, seems you must work for Bankers, We are not rich and our policy was only enough for his funeral, but we are also getting the run-a- round. Come on, this is cut and dry,paid in since 75, died at 94, 2009.

Can't get anyone to really talk to us.

All claim forms, death certicate, still nothing. Thank God we had the money to at least bury

him.

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#130941 Review #130941 is a subjective opinion of poster.
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Bankers Life And Casualty Company Claim

Bankers Life And Casualty Company in Northampton, Pennsylvania - It's true they are crooks

I worked for BKC for two years, I personally saw or hear every excuse possible made to clients when it came time to get benefits paid. I emailed, sent registered mail, got home office people names and supervisor's assurances, things were being handled. Ya, you guessed it, it dragged on, and on. You name the excuse, the clients heard it. It took the insurance commissioner to get one client paid and LTC claim. I personally know a client that is currently getting the run-a-round about getting his LTC policy paid that he has been paying on for 15 years. It's been 9 weeks and still no money, even when the client has a two week elimination period. A field manager stated, "you pay the first two weeks, and then Bankers pays." Well, the money has run out, the help had to let go and Bankers is still reviewing the case! I could write more, but it almost too much to be true..... One word - Beware!
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#128592 Review #128592 is a subjective opinion of poster.
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Bankers Life And Casualty Company Claim
I put my resume on the internet and I got a call to come in for an interview. So I went and then they called me back for a second and a theird interview. They had me come back and fill out some thing's on the computer and told me they would have a man named Tod...
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69 comments
Anonymous
#539674

The longest jounrey starts with a single step .I think this is a huge Organization .In 1985, I had a Three Month Training Programme with them in Cedar Rapids, Iowa. They were really good and have got a huge Potential for corporate advancement for you Most importantly that you should be a batchelor, and no dependants to worry about .; i.e., a Family or the like since you are on Commission Basis rather than with a Monthly steady income and yet it is worth the try Be assured of one thing though .ONCE A SALESMAN .ALWAYS A SALESMAN .It doesn't matter whether or not you have the right experience..

You will get it with the passage of time, and it is hoped you will grasp the whole concept in a Six Month Period That's why you need to take it seriously as though it is your job forever .Be also assured that it REALLY PAYS OFF QUITE WELL when it comes to Commision on a Big Deal ..Try to start with Co. Inactive Accounts / Potentials for a start Maybe you get lucky where others have failed and you will learn what to say how to say it .You will learn from your mistakes .I very much encourage you going for it; provided you HAVE THE WILL TO LEARN THE AMBITION TO CLIMB UP THE LADDER towards the Professionals .I know for sure some of the Senior Ones used to earn more than a Couple of Million Dollars on Anual basis out of Commission .

They were covering a Number of States, and not only the City they were situated in .It involved Lots of Travel back in 1985, but with nowadays' Internet the like, I am sure distances has been minimized to almost Zero I wonder if Mr. Brian Lucas still works with them It is just a name ingraved into my head Go for it and best of luck .References :

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#126671 Review #126671 is a subjective opinion of poster.
Mother died back in December, 2007, leaving two annuities. The one left to her second husband was eventually paid to his power of attorney. Banker's has yet to honor the claim for the second, left to her sister, two daughters and a foster child. First Bankers tried...
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31 comments
Anonymous
#427016

Some *** agent sold my mother four life insurance policies. They may have sold her more but I found out.

They policies were cancelled but they are still taking money out of her account two months later. Now they are just randomly taking money from her account. We complained to the Better Business Bureau in Illinois and Banker's Life told them there is a check in the mail. There is no check.

They are crooks and thieves. Stay far away from these predators of the elderly.

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#122662 Review #122662 is a subjective opinion of poster.
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Bankers Life And Casualty Company Life Insurance