Navigation Links
Get Long-Term Care Protection Now; Don't Wait for Health Reform, Industry Leader Advises
Date:6/29/2009

Denise Gott Gives Five Reasons for Immediate Action

KIRKLAND, Wash., June 29 /PRNewswire/ -- If and when Congress passes health reform legislation, it may or may not include a public option for long-term care, the assistance with daily living required by millions suffering from long-lasting illnesses or disabilities. If you're in the market for long-term care insurance, should you wait and see what materializes? Denise Gott says no; there's too much to lose and little to gain. Gott is Chairman of the Board of LTC Financial Partners LLC (LTCFP) -- http://www.ltcfp.com -- one of the nation's largest and most experienced long-term care insurance agencies.

*(PHOTO 72dpi: www.Send2Press.com/mediaboom/09-0609-DeniseGott_72dpi.jpg)

*(Photo Caption: LTC Financial Board Chairman Denise Gott.)

Gott gives five reasons for securing long-term care insurance without delay:

1. A public option, if it materializes, will not replace the need for private long-term care insurance for most people who now seek it. Senator Edward Kennedy (D-MA) and Representatives Frank Pallone (D-NJ) and John Dingell (D-MI) have introduced the Community Living Assistance Services and Supports (CLASS) Act of 2009, which would create a public insurance program for adults who become functionally disabled. "But this would pay only $50 or so a day in benefits, while a typical long-term care policy pays $150 to $250 or more," Gott says. "The public option might offer some relief for low-income people who could not otherwise afford insurance, but it would be no substitute for the substantial funds required for complete care." Besides, Gott points out, there is no guarantee a public LTC option will make it into law. "Even a public option for regular medical health care faces tough opposition."

2. Tax incentives for owning long term care insurance, if included in the law, will apply to policies already in place, as well as to policies purchased after health reform. "There's no percentage in waiting," says Gott. "Right now with existing law, if you own LTC insurance you can get a federal tax deduction of $320 to $3,980, depending on your age. Any new incentives will simply be additive to those already in place."

3. Insurance rates increase with age, so waiting can be counterproductive. "The clock is ticking," says Gott. "Even a few months' delay can make a bit of difference. I advise people to secure LTC protection early, to lock in a lower rate."

4. Health is a factor in LTC rates, and time is against us, so it's wise to get insured now, while you're at least relatively fit. "When health deteriorates, rates go up, or you might not qualify at all."

5. The upcoming legislation may provide new safeguards for LTC insurance buyers, but this will only make the insurance a sounder investment than it already is. "Waiting serves no purpose," says Gott.

Gott's organization offers help from over 550 independent long-term care agents. They're available by phone or in person to advise individuals and companies on the most suitable policies from leading insurance companies. A listing of LTCFP's agents, by state, is available at http://web.ltcfp.com/ltcfp/find-agent.aspx.

Now's the time for women in particular to look into LTC insurance, Gott says, "Not just for themselves but for their spouses. Since women live longer, they end up as forced caregivers when their husbands fail. This is completely unnecessary. With funds for care services, women can have a life."

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 LLC
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. AAHSA Statement on Long-Term Services and Supports CBO Scoring
2. Sleep May Be Essential for Long-Term Memory
3. Hypoallergenic Cat Company Launches Pet Buddies Program to Donate Its Unique Kittens to Pet-Allergic Children Undergoing Long-Term Medical Treatment
4. Medical Study Establishes First-Ever Long-Term Benefits for Macular Degeneration Sufferers Using Macular Health Vitamin Supplement
5. Program Helps 1st Graders Stay Safe Long-Term
6. Long-term care costs exceed yearly income for many Calif. seniors living alone
7. John Hancock Announces Enhancements to Group Long-Term Care (LTC) Insurance Products and Discount Program
8. Hudson Institute Debates the Long-Term Fiscal Impact of Health Care Reform
9. Survey Results Show Long-Term Care Providers Wary about Healthcare Reform
10. New From the Heinz Family Philanthropies: 10 Questions and Valuable Answers to Help Families If They Are Not Happy With Their Long-Term Care
11. Insurance Leader Praises Senator Kennedy for Promoting Long-Term Care Aid for All Americans as Part of Health Reform
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:3/28/2017)... , ... March 28, 2017 , ... Usually, the impending ... daily wardrobe. However, for those self-conscious about a double chin, this means more anxiety ... ideal solution. , “For most people, a double chin is undesirable,” Dr. Goldman ...
(Date:3/28/2017)... ... March 28, 2017 , ... Qualidigm ... its corporate headquarters to a new, more expansive office space in order to ... Qualidigm purchased a distressed office building in Wethersfield, Conn. located at 936 Silas ...
(Date:3/28/2017)... ... March 28, 2017 , ... In ... Self-Funding Success website has recently developed and published an informational resource that addresses ... created based on common inquiries the site’s team of third party administrator (TPA) ...
(Date:3/28/2017)... ... 28, 2017 , ... AutismOne announced the Board Certified in ... Medicine and available for application on Saturday, May 27, 2017, following Thursday, Friday, ... Springs. , Ed Arranga, president of AutismOne, stated: "Many of the modalities termed ...
(Date:3/28/2017)... , ... March 28, 2017 , ... With expansion and ... Georgia, in early March. , The seed processing plant opened in Marshallville in 2006, ... 2016. The new office allows opportunity for transition of Patten Seed operations to the ...
Breaking Medicine News(10 mins):
(Date:3/28/2017)... CAMBRIDGE , United Kingdom and  BOSTON ... text analytics provider Linguamatics today announced ... Dow Jones . The agreement allows pharmaceutical companies ... utilizing Linguamatics I2E text mining technology. ... used by 18 of the top 20 global ...
(Date:3/28/2017)... 28, 2017  AcelRx Pharmaceuticals, Inc. (Nasdaq: ACRX), ... and commercialization of innovative therapies for the treatment ... Medicines Agency (EMA) has notified the company that ... Authorisation Application (MAA) has passed validation, and that ... The MAA for ARX-04 (known as DSUVIA™ in ...
(Date:3/28/2017)... -- The global flow cytometry market ... 2025, according to a new study by Grand View ... cancer is expected to upsurge the demand for flow ... years. In addition, higher number of physicians is inclined ... therapy, due to adverse effects caused by chemotherapy & ...
Breaking Medicine Technology: