Long Term Care

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.

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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].

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Insurance, Long Term Care

Millions of Americans Face $100,000-Plus Annual Hit for College and Long-Term-Care Combo

Author: LTC Financial Partners LLC
Dateline: Wed, 23 Jul 2008

freeNewsArticles Story Summary: “KIRKLAND, Wash., July 23 (SEND2PRESS NEWSWIRE) -- According to LTC Financial Partners, millions of American couples may be in for sticker shock when their kids reach college age. It's not just the rising annual cost of college, $23,712 for 2007-08, up 6.2 percent from last year, for a private four-year institution, according to the College Board. It's also the escalating cost of long term care for their parents, their other set of potential dependents.”



A R T I C L E:

LTC Insurance Offers Relief

KIRKLAND, Wash., July 23 (SEND2PRESS NEWSWIRE) -- According to LTC Financial Partners, millions of American couples may be in for sticker shock when their kids reach college age. It's not just the rising annual cost of college, $23,712 for 2007-08, up 6.2% from last year, for a private four-year institution, according to the College Board. It's also the escalating cost of long term care for their parents, their other set of potential dependents. Add today's average annual cost of nursing-home care -- $77,000, according to the MetLife Mature Market Institute -- to the college bill and you get a whopping $100,000-plus!

Senior Vice President of Marketing Jonas RoeserThe current cost of public four-year college is $6,185, according to the College Board. That brings the college-LTC combo to "only" $83,000, but the sticker shock is still huge, especially for families trying to scrimp on college. "Long term care is by far the heavier burden," says Jonas Roeser, Senior Vice President of Marketing & Operations of LTC Financial Partners LLC (LTCFP), one of the nation's most experienced long term care insurance agencies.

"Most couples, and their financial advisors, fail to confront this huge potential problem," says Roeser. "They anticipate the college bill, but fail to think about the even bigger bill for long term care." That oversight could rock the financial foundation of many households, he believes.

"Think about it," Roeser says. "While your kids are getting older, your parents are too, and one or more of them may eventually need help with the tasks of daily living. That's usually a much bigger expense than college tuition plus books and room and board." While the odds of one parent needing care may be small, "Remember, you've got four parents between the two of you. What are the odds of ONE of them needing care? And what if two or more need care?" The cost could mushroom.

A solution, says Roeser, is long term care insurance, which provides funds for nursing-home or in-home care if and when needed. "Very affordable LTC policies are available today," he says, "some costing $2,000 or less per year."

Why don't more couples anticipate the potential long-term-care cost? "The problem has crept up on us unawares," says Roeser. "The average American life span has increased gradually. Today we've got 77 million Baby Boomers close to retirement age, with many years of life expectancy ahead. That's new. And because so many of us are living longer, in relatively good health, there's an increased period of vulnerability when long-term-care services may be needed." Another factor is changing work patterns. "In earlier days, when a single breadwinner could support a household, one member of the couple -- usually the wife -- was available to care for an incapacitated mom or dad. Today, with both marriage partners working, outside care services are called for."

Another reason couples fail to anticipate LTC costs is that Medicaid used to come to the rescue for many. "But the Deficit Reduction Act of 2005 tightened the rules," says Roeser. "Now it's much harder to obtain Medicaid assistance if you're not truly destitute."

The federal and state governments are actively promoting long term care insurance as the care solution for most Americans, "but the message hasn't fully sunk in," says Roeser.

Information on long term care options, including alternative carriers, is available from Roeser's organization. "We have 530-plus long term care specialists, licensed in all states, ready to answer questions and give specific policy advice," he says. The experts may be found at www.ltcfp.com or 866-471-4072. Roeser's experts also work with couples' financial advisors to include LTC protection in estate plans.

All trademarks acknowledged.

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

Story Title: Millions of Americans Face $100,000-Plus Annual Hit for College and Long-Term-Care Combo
• REFERENCE KEYWORDS/TERMS: Long term care, , , LTC Financial Partners, Insurance, , , .

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 LLC); 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 [Wed, 23 Jul 2008 20:22:06 GMT].

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Long Term Care

Today’s Working Adults Face Long Term Care ‘Double Whammy,’ Says Denise Gott, Spokesperson for LTC Financial Partners, LLC

Author: LTC Financial Partners
Dateline: Thu, 17 Apr 2008

freeNewsArticles Story Summary: “KIRKLAND, Wash., April 17 (SEND2PRESS NEWSWIRE) -- For health reasons, Americans in the prime of life may be less financially secure than they think, according to Denise Gott, Vice Chairperson of LTC Financial Partners LLC, one of the nation's most experienced long term care insurance agencies. 'The sudden need for long term care can erode their best-laid financial plans,' she says.”



A R T I C L E:

KIRKLAND, Wash., April 17 (SEND2PRESS NEWSWIRE) -- For health reasons, Americans in the prime of life may be less financially secure than they think, according to Denise Gott, Vice Chairperson of LTC Financial Partners LLC, one of the nation's most experienced long term care insurance agencies. "The sudden need for long term care can erode their best-laid financial plans," she says, "and they're vulnerable on two fronts, not just one, no matter how young they are." She presented the facts on April 2 on Senior Lifestyles Live Talk Radio, Hosted by Ron Kauffman (Clear Channel AM 1230 - WBZT, heard throughout south Florida).

Caption: LTC Financial Vice Chairperson Denise GottOne part of the double vulnerability has to do with younger Americans' own health. "There's a misconception that long term care is just for older people," says Gott, "but it's not so. Working age Americans -- those 18 through 64 -- account for a full 39% of those who need care." The radio host, Ron Kauffman, highlighted this fact with a personal experience. "I had a horrible biking accident, and I was a broken rib away from needing in-home care." Extended care needs can arise at any age.

The second part of the double whammy has to do with the aging parents of working people. "Statistics tell us," says Gott, "that one of every two Americans will need some form of long term care once they reach 65." For a young couple with two set of parents, the odds of financial impact are very high, if the parents lack the resources for their own care. "This is a big issue for working-age people today," Gott says, pointing out that Americans are living longer and the odds of needing care increase with age. Young couples, just starting out or at mid-career, "never expected their parents to live into their 90's or beyond 100."

The current average national costs of care are higher than many people may think, Gott says: $20 per hour for a home health aide; $80 to $250 per day for assisted living; $55 per day for adult day care (often used for the cognitively impaired), and $190 per day for nursing home services. These costs, which may be lower or higher depending on region, have been increasing with inflation. Working people need a plan for handling these potential costs, Gott emphasizes.

One solution to the double whammy is long term care insurance, but it's not for everyone, Gott says. "What everyone does need is long term care planning." The wealthiest Americans can self-insure, and those with limited income or assets may be best off looking to public assistance. Gott's organization, consisting of more than 400 independent long term care insurance specialists, educates individuals and organizations on the long term care planning options that are right for each particular situation.

During the interview Gott provided a great deal of education, ranging from policy selection to how to find a carrier without a history of rate increases for existing policy holders. A recording of the interview is available at www.ltcfp.us/ltcfp/gott-interview.html. Links to additional information are also available at that location.

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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: Today's Working Adults Face Long Term Care 'Double Whammy,' Says Denise Gott, Spokesperson for LTC Financial Partners, LLC
• REFERENCE KEYWORDS/TERMS: Senior Lifestyles Live Talk Radio, , , LTC Financial Partners, 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 [Thu, 17 Apr 2008 11:54:26 GMT].

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Long Term Care

Long Term Care Newsletter Helps Preserve Solvency and Sanity While Caring for Loved One

Author: LTC Financial Partners
Dateline: Wed, 27 Feb 2008

freeNewsArticles Story Summary: “KIRKLAND, Wash., Feb. 27 (SEND2PRESS NEWSWIRE) -- If you suddenly have to care for an incapacitated parent or spouse, the impact can be life-changing. Rising care costs can devour your estate or inheritance. And your loved one's daily needs can make you into a full-time caregiver. 'But it doesn't have to be that way,' says Jonas Roeser, Senior Vice President of Marketing & Operations for LTC Financial Partners.



A R T I C L E:

Subscriptions Available Free from LTC Financial Partners

KIRKLAND, Wash., Feb. 27 (SEND2PRESS NEWSWIRE) -- If you suddenly have to care for an incapacitated parent or spouse, the impact can be life-changing. Rising care costs can devour your estate or inheritance. And your loved one's daily needs can make you into a full-time caregiver.

Caption: LTC Senior Vice President Jonas Roeser."But it doesn't have to be that way," says Jonas Roeser, Senior Vice President of Marketing & Operations for LTC Financial Partners, the nation's most experienced long term care insurance brokerage. "Our newsletter tells how." Guidelines for preserving solvency and sanity are offered in the Winter 2008 issue of "Caring Is Sharing," published by Roeser's organization.

The lead article presents good news from Washington: the Deficit Reduction Act of 2005 (DRA) expands the National Long-Term Care Partnership to all states. "This empowers every state, from New York to California, to reward residents who purchase long term care insurance," says Roeser. The rewards can be substantial. For example, if a resident purchases a Partnership policy, "it may mean they can keep as little as $100,000 up to ALL their assets and still qualify for Medicaid should their private LTC benefits run out."

The article describes the conditions and provides a web link and toll-free access to more detailed information. (States must pass their own legislation to activate the Partnership plans; many have already done so.)

Other articles in the newsletter cover a variety of financial and lifestyle topics:

* Who will be the caregiver for your loved one? It doesn't have to be you, at least not as a full-time commitment. A menu of five care source categories is offered, each allowing you to keep on with your life.

* How can you find the right financial advisor for your situation? You'll want someone who's long-term-care-savvy. This article gives five "credentials" to look for.

* Tips for helping an aging loved one maintain dignity. This article also shows why appropriate respect helps preserve family harmony.

* The special rewards of going back to work, on one's own terms, once retired. Care needs of a loved one don't have to be an obstacle. This article also discusses the Social Security implications.

In addition, the newsletter includes a free offer for "Dignity for Life -- Five Things You Should Know Before Considering Long Term Care Insurance," sold on Amazon.com for $8.95.

The 4-color newsletter is available in print and downloadable formats. Subscriptions may be requested at www.ltcfp.us/ltcfp/newsletter.html. Individuals may also, at the same time, request competitive long term care insurance quotes from 6 leading carriers.

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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: Long Term Care Newsletter Helps Preserve Solvency and Sanity While Caring for Loved One
• REFERENCE KEYWORDS/TERMS: Long term care newsletter, , , LTC Financial Partners, 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 [Wed, 27 Feb 2008 07:16:08 GMT].

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Long Term Care

As More Americans Live to 100, Long Term Care Insurance Leader Gives Health Assist

Author: LTC Financial Partners
Dateline: Fri, 14 Dec 2007

freeNewsArticles Story Summary: “KIRKLAND, Wash. - Dec. 14 (SEND2PRESS NEWSWIRE) -- As Americans increase their life spans, many eyeing 100-plus, the odds of needing long term care increase. One solution is long term care insurance to pay the care bills. 'A better solution,' says Cameron Truesdell, CEO of LTC Financial Partners (LTCFP), 'is the insurance plus health habits to keep yourself on your feet as long as possible.'”



A R T I C L E:

LTC Financial Partners Offers Newsletter and Online Help for Living Longer, Stronger

KIRKLAND, Wash. - Dec. 14 (SEND2PRESS NEWSWIRE) -- As Americans increase their life spans, many eyeing 100-plus, the odds of needing long term care increase. One solution is long term care insurance to pay the care bills. "A better solution," says Cameron Truesdell, CEO of LTC Financial Partners (LTCFP), "is the insurance plus health habits to keep yourself on your feet as long as possible."

Caption: Cameron TruesdellTo contribute to those good habits, LTCFP, the nation's most experienced long term care insurance brokerage, is offering two free assists. One is a quarterly newsletter with prevention tips; the second is access to Living Longer, a new online group that will share videos and forum posts on healthy aging. The group is hosted by SuperLife World Service, a social network that promotes physical, mental, and environmental betterment.

Free access to Living Longer and a free subscription to the newsletter, called "Caring is Sharing," may be requested from LTCFP at -
www.ltcfp.us/ltcfp/living-longer.html.

"Developing long-life health habits is like driving safely," says Truesdell. "You definitely need auto insurance just in case. But you also want to avoid accidents." The same logic applies to the risks of living longer, he asserts. "You need LTC insurance just in case. But you also want to do the things that keep you healthy, mentally fit, happy, and contributing for most of your days."

According to the latest census estimates, there are now more than 60,000 U.S. centenarians, up 63 percent since 1990, with a projected 1,000,000 by 2030 and more than 4,000,000 by 2050. Morbidity, existing in a state of illness, looms with longer life spans. "But it doesn't have to happen for excessive periods, not for everybody," Truesdell says. "If we're going to live longer, let's live stronger."

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Copyright © 2007 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: As More Americans Live to 100, Long Term Care Insurance Leader Gives Health Assist
• REFERENCE KEYWORDS/TERMS: SuperLife World Service social network, , , LTC Financial Partners, 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 [Fri, 14 Dec 2007 00:00:10 GMT].

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