Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Life Health > Life Insurance > Term Insurance

WellPoint Farms Out Administration Of Long-Term Care Insurance Business

Your article was successfully shared with the contacts you provided.

NU Online News Service, Aug. 20, 4:16 p.m. – WellPoint Health Networks Inc., Thousand Oaks, Calif., has hired CHCS Services Inc., Weston, Fla., to administer its long-term care insurance products in California, Illinois and Indiana for the next four years.

CHCS will handle policy administration, case management and claim payments for all new policyholders and current policyholders.

WellPoint is best known as as managed care company, but it also sells long-term care insurance under the WellPoint and Unicare brand names.

CHCS is a subsidiary of Universal American Financial Corp., Rye Brook, N.Y. It serves as a third-party administrator for insured long-term care insurance and Medicare supplement insurance programs.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.