When You Need Long Term Care, Don’t Look to Medicare, Agency Warns

Author: LTC Financial Partners
Dateline: Mon, 27 Oct 2008

freeNewsArticles Story Summary: “KIRKLAND, Wash., Oct. 27 (SEND2PRESS NEWSWIRE) -- Many Americans assume that Medicare will cover their long-term care expenses, says Cameron Truesdell, CEO of LTC Financial Partners LLC (LTCFP), one of the nation's largest and most experienced long term care insurance agencies. 'But it just isn't so. The Government expects people to cover the expenses on their own -- out of pocket or through long term care insurance.'”



A R T I C L E:

Social Security Statement, Unread by Many, Recommends Private Long Term Care Insurance

KIRKLAND, Wash., Oct. 27 (SEND2PRESS NEWSWIRE) -- "Many Americans assume that Medicare will cover their long-term care expenses," says Cameron Truesdell, CEO of LTC Financial Partners LLC (LTCFP), one of the nation's largest and most experienced long term care insurance agencies. "But it just isn't so. The Government expects people to cover the expenses on their own -- out of pocket or through long term care insurance."

CEO Cameron TruesdellThe Government's position is plainly stated in the Social Security Statement, available online and sent in print form to Social Security recipients. "But not everyone reads the fine print," Truesdell says. He recommends that everyone do so, at:
www.socialsecurity.gov/mystatement/sample4.htm.

The section titled "About Social Security and Medicare" reads as follows:

Social Security pays retirement, disability, family and survivors benefits. Medicare, a separate program run by the Centers for Medicare & Medicaid Services, helps pay for inpatient hospital care, nursing care, doctors' fees, drugs and other medical services and supplies to people age 65 and older, as well as to people who have been receiving Social Security disability benefits for two years or more. Medicare does not pay for long-term care, so you may want to consider options for private insurance.

"Unless you're without means and qualify for Medicaid," Truesdell emphasizes, "the Government is just not prepared to help you when you need extended care for performing the tasks of daily living." He says it is vital, especially in recessionary times, "to do exactly what the Government says, look into private LTC insurance options."

Truesdell's organization offers help from over 550 independent long term care agents. "They're available by phone or in person to advise everyone on the best policies from leading insurance companies," he says. "They know which policy options fit specific needs; and they know which companies have the best track records."

A listing of LTCFP's agents, by state, is available at web.ltcfp.com/ltcfp/find-agent.aspx.

###


Copyright © 2008 by LTC Financial Partners and Send2Press® Newswire, a service of Neotrope® - all rights reserved. Information believed accurate but not guaranteed. Sourced on: freeNewsArticles.com.

Story Title: When You Need Long Term Care, Don't Look to Medicare, Agency Warns
• REFERENCE KEYWORDS/TERMS: LTC Financial Partners, , , Long term health care, Long Term Care, , , .

IMPORTANT NOTICE: some content which is considered "old" or "archival" may reference an event which has already occurred; some content possibly considered "advertorial" may also reference a promotion or time-limited/sensitive offering, and in all of these instances certain material may no longer be valid. For notably stale content, you should directly contact the company/person mentioned in the text (LTC Financial Partners); this site cannot assist you with information about products/services mentioned in the news article, nor handle any complaints or other issues related to any person/company mentioned or promoted in the above text. Information believed accurate but not guaranteed as of original date of story [Mon, 27 Oct 2008 05:55:00 GMT].

USE THIS CONTENT FOR FREE: To use this content in your newspaper, broadcast outlet, news portal, blog/ezine or similar, free of cost, CLICK HERE to learn how.