Transferred employees would continue to work either out of Conseco's offices or nearby.
Conseco announced Thursday afternoon that it might shift a call center and some claims for its long-term care insurance policies to the Long Term Care Group Inc., the nation's largest third-party administrator of long-term care policies.
Under the proposal, Conseco would still handle initial claims, appeals and financial reporting for the block of 170,000 older long-term care policies. Conseco also would handle the back-office duties for any long-term care policies sold through its Chicago-based Bankers Life subsidiary.
In a statement, Conseco CEO Jim Prieur said Eden Prairie, Minn.-based Long Term Care Group has a "superior administration system" that would help Conseco better manage its long-term care business - which has socked it with millions of losses in the last year. He said the company would make a decision on the proposal by early fall.