Billions Wasted on Approved Bogus Disability Claims

In Oklahoma, the administrative law judge Howard O’Bryan, age 87, approved 5,401 disability claims from 2007 to 2009, committing taxpayers to $1.6 billion in expenditures. The investigation detected a “strange pattern” in which applicants denied for physical ailments would later successfully appeal listing their disability as “mental retardation.”

via Billions Wasted on Approved Bogus Disability Claims.

New Study Examines Long-Term Care Insurance Claims – Largest Claims Reaches $1.7 Million Mark – Women Represent Two-Thirds Of Claimants – Insurance Broadcasting

The largest open long-term care insurance claim has reached $1.7 million in paid benefits, according to a just-released report from the American Association for Long-Term Care Insurance (www.AALTCI.org). The claimant, a woman, purchased coverage at age 43, paying an annual premium of $881. Three years later her long term care insurance claim began and has continued for almost 15 years.

via New Study Examines Long-Term Care Insurance Claims – Largest Claims Reaches $1.7 Million Mark – Women Represent Two-Thirds Of Claimants – Insurance Broadcasting.