After Financial Bailout, a Long Term Care Bailout? No, Industry Expert Says, Pointing to Recent Congressional Action
sdell. The Government doesn't want to pick up that tab. Individuals...Very wealthy individuals have the wherewithal to pay for their owncar...One of Truesdell's specialists has been supporting the congressionalm...Information on long term care insurance options is available from 550...This release was issued on behalf of the above organization bySend2Pr...
Date:11/12/2008
sdell. "The Government doesn't want to pick up that tab." Individuals
can't afford it either, he asserts, unless we plan ahead. "That's the
reason for Long Term Care Awareness Week," he says, "to make people aware
so they can plan properly."
Very wealthy individuals have the wherewithal to pay for their own
care. "The rest of us need long term care insurance," says Truesdell, and
he's not alone. The Government's official Social Security Statement
includes this sentence: "Medicare does not pay for long term care, so you
may want to consider options for private insurance." Yet in 2002, "the
Government Accounting Office reported that less than 10 percent of the
elderly population in the United States and a lower percentage of those
aged 55 to 64 years of age... have purchased long-term care insurance,"
H.R. 431 states.
One of Truesdell's specialists has been supporting the congressional
move. He's Marc Kaye, a New York-based "Associate" with LTCFP. "Marc has
been corresponding with Louisiana Representative Charles Boustany, a
co-sponsor of H.R. 431," Truesdell says. "He also supports Congress and
will support the Obama Administration through the Center for Long-Term Care
Reform, serving as Regional Representative."
Information on long term care insurance options is available from 550
experts in Truesdell's organization. "They're glad to answer questions by
phone, the Internet or in person," Truesdell says. A listing is available
at http://web.ltcfp.com/ltcfp/find-agent.aspx.
This release was issued on behalf of the above organization by
Send2Press(R), a unit of Neotrope(R). http://www.Send2Press.com
'/>"/>SOURCE LTC Financial Partners Copyright©2008 PR Newswire. All rights reserved | |
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