Guardian healthcare liquidating trust

14-Jan-2016 00:57

The plans generally have lower co-pays than traditional Medicare plans, he said Guardian began a marketing blitz in the year after it began operations.

Its plans quickly gained popularity statewide, Sarant said."What do you expect when you have zero-premium plans? The company apparently grew too fast for its own good.

In the fall, Guardian mailed letters to policy holders in 27 counties instructing them that plans no longer would be offered beginning Jan. Those policy holders could switch to a different Medicare Advantage plan or opt to enroll in traditional Medicare. 1, monthly premiums increased for almost all remaining Guardian policy holders -- in some cases from zero to or from to 1, according to a letter Guardian sent to insurance agents.

A separate firm, Sterling Life Insurance Co., would assume all Guardian policies in the 18 unaffected counties -- including Berkeley, Charleston and Dorchester -- beginning Jan. Sterling paid million for the policies and for the right to use the "Guardian" name, Bowers said. The Guardian liquidation is the fifth involving a South Carolina health or life insurance company since 2000 and is the biggest during that time, she said.

The process is expected to take about two years, Bowers said.

Health care providers cannot pursue consumers to collect the claims unpaid by Guardian, she said.

We've already added 105 million people since 1970; we have a net gain of one person every 13 seconds.

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Nationwide, foreclosure increase 119% from two years ago.

MUSC spokeswoman Heather Woolwine called the loss an "unfortunate financial situation for the hospital."Statewide, more than 2,300 health providers could be affected, Bowers said.

Providers, which include hospitals, doctors and medical equipment vendors, have until the end of 2011 to file proof of unpaid claims with the trust liquidating Guardian's assets, she said.

Only 11% of the people in this valley could afford the median home price.

Through immigration and high birth rates, the United States is expected to add another 100 million people by 2050.

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