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Common Questions About the Trust

1. Why Pennsylvania?

Your original policy was issued by Conseco Senior Health Insurance Company, which was a Pennsylvania-domiciled company. SHIP was established when Conseco Senior Health Insurance Company separated from Conseco. As Conseco Senior Health Insurance Company was a Pennsylvania-domiciled company, SHIP and the Trust were established in Pennsylvania.


2. How is SHIP funded?

SHIP is regulated by the Pennsylvania Insurance Department. At its inception in 2008, SHIP had approximately $3 billion in reserve to support and pay future claims and future premiums collected from policyholders are added to the reserve.


3. What is an Oversight Trust?

SHIP operations are overseen by a team of Trustees who ensure that SHIP is run exclusively for the benefit of its policyholders with no profit motive.


4. Where is the company situated or located?

SHIP, like its predecessor Conseco Senior Health Insurance Company, is based in Carmel, Indiana.