Long-term Care Insurance Denial Cases on the Rise
July 10, 2009 (PRLEAP.COM) Business NewsHouston, Texas – July 10, 2009 - In today's economic climate, almost every business has been forced to cut corners. As a consequence, many long-term care insurance companies are trying to save dollars by wrongfully denying an increasing number of people the money they need to pay for serious health care expenses.
People who have had a long-term care insurance denied are being encouraged to fight for their rights by hiring a lawyer who understands long-term care insurance and the complex issues pertaining to denied claims. Robert Smith from the Texas-based law firm Lorance & Thompson, PC, says, "Long-term care insurance companies underestimated the cost of insuring the millions of baby boomers, who as they age, are incurring more medical costs. To save money and boost profits, these companies are wrongfully denying claims, delaying the claim process, or otherwise making it virtually impossible for hardworking people to ever receive their money…just when they need it most."
Robert Smith recommends that individuals find a bad faith insurance attorney who can analyze their long-term care insurance policy, determine if they have a case, and bring the case all the way to trial if necessary. "Policies can be confusing. A legal professional can cut through the red tape and fight to get you the compensation you deserve. "
Consumer watchdogs predict that these types of bad faith claim problems will only get worse as America's baby boomers continue to reach retirement age. "The most important thing for policyholders to remember though," adds Robert Smith "is that they don't have to take no for an answer. "
About Lorance & Thompson, PC
Lorance & Thompson, PC is a leading law firm specializing in claims related to wrongful denial of long term care insurance coverage. For over 35 years the Texas-based firm has handled all types of complex insurance claims and lawsuits including issues pertaining to denied claims under long-term care insurance policies, and related bad faith claims after long-term care insurance was improperly denied.