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After Financial Bailout, a Long Term Care Bailout? No, Industry Expert Says, Pointing to Recent Congressional Action
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


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SOURCE LTC Financial Partners
Copyright©2008 PR Newswire.
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