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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowUp to 150 of Conseco Inc.’s 2,300 Carmel employees could see their jobs transferred to a Minnesota company under a plan being considered by company executives.
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.
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