About 400,000 Iowans between the ages of 45 and 65 will soon receive letters from Governor Chet Culver encouraging them to make wise long-term health insurance decisions.
The letter will partly respond to recent reports that many health insurance companies have applied for TARP funds, are raising their policyholders’ monthly premiums, and may be at risk of becoming insolvent.
The governor advises older Iowans to consider long-term options, although he warns them that some companies might be riskier than others. Some Iowans have resisted locking into long-term plans because they fear large future rate increases and a lack of suitable care.
If you or anyone you know has failed to receive insurance payments, contact the Iowa insurance bad faith lawyers of LaMarca Law Group, P.C., at (515) 705-0233.