Navigation Links
Long-Term Care: The Next Big Women's Issue?

KIRKLAND, Wash., July 16 /PRNewswire/ -- Long-term care is getting a lot of exposure in the current health-reform discussions, but we ain't seen nothin' yet, according to Denise Gott, Chairman of the Board of LTC Financial Partners LLC (LTCFP) -- -- one of the nation's largest and most experienced long-term care insurance agencies. "Wait until the most-affected individuals get wind of what's in store for them; all hell could break loose," she says.

*(PHOTO 72dpi:

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

And who are those individuals? The millions who succumb to longer-lasting illnesses and injuries, requiring help with eating, toileting, dressing or moving around?

"No," says Gott. "It's the women who end up caring for them. They're the ones suddenly forced to provide 24/7 assistance to their husband, parent or other loved one who can't function on their own anymore." A majority of women will eventually need long-term care themselves, "but they tend to live longer than men, and social norms still consign females to the care giving role. So they're the ones who have to sacrifice their futures when they're still relatively young and fit, with years of productive, enjoyable life still to live."

Long-term care insurance would free women from this forced care giving, since it provides funds for professional nursing home or in-home care, "but the vast majority of women have no long-term care buffer. No policy for their husband or mother or father, let alone for themselves." Ordinary health insurance doesn't cover long-term care, nor does Medicare. Medicaid does, but only for the less affluent who lack assets.

The media's recent attention to long-term care centers around 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 the benefits would be less than half of those provided by a typical private policy, and they wouldn't kick in for five years," Gott says. "This could be better than nothing for lower-income people, but inadequate, in my opinion, for the middle class. Women would still be saddled with significant care giving chores."

A better solution would be "significant new tax incentives to help people buy private LTC insurance on their own, tailored to their needs," Gott attests. "Women should be screaming about this to their representatives in Congress. Their futures depend on it."

Also, the talk shows should be talking it up, Gott says. "I'm surprised Oprah, The View, and 60 Minutes aren't all over this."

Forced care giving has an economic as well as lifestyle downside. "Household income dwindles whenever a woman has to give up her job for unpaid care duties," says Gott. "Multiply that by the millions of women affected, and think of the drain on the economy. It extends into the billions." Tax breaks for long-term care insurance, "would be a great federal investment, helping us pay for other aspects of health reform."

This release was issued on behalf of the above organization by Send2Press(R), a unit of Neotrope(R).

SOURCE LTC Financial Partners LLC
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Research identifies successful new treatment for Hodgkins lymphoma, reduces long-term risks
2. Long-Term Care Financing Must Be Part of Health Care Reform
3. Obama Administration Advances Long-Term Services and Supports in Health Care Reform
4. Low birth weight linked to long-term respiratory problems
5. Roche Diabetes Care Announces Unique Coaching Program for Diabetes Educators as Part of Long-Term Commitment to Fight the Disease
6. Get Long-Term Care Protection Now; Dont Wait for Health Reform, Industry Leader Advises
7. AAHSA Statement on Long-Term Services and Supports CBO Scoring
8. Sleep May Be Essential for Long-Term Memory
9. Hypoallergenic Cat Company Launches Pet Buddies Program to Donate Its Unique Kittens to Pet-Allergic Children Undergoing Long-Term Medical Treatment
10. Medical Study Establishes First-Ever Long-Term Benefits for Macular Degeneration Sufferers Using Macular Health Vitamin Supplement
11. Program Helps 1st Graders Stay Safe Long-Term
Post Your Comments:
(Date:11/24/2015)... ... November 25, 2015 , ... Genesis Chiropractic Software helps practice ... an agreement between the practice owner and the patient that automatically manages all ... projections. Click here to learn more. , According to ...
(Date:11/24/2015)... , ... November 24, 2015 , ... Charitable giving is ... donations are made in the last five weeks of the year totalling over $358 ... in 2012 to connect the nation’s charities with those individuals who want to “give ...
(Date:11/24/2015)... IL (PRWEB) , ... November 24, 2015 , ... ... are national leaders when it comes to several aspects of orthopedic care. They ... joint replacements, orthopedic surgeries and general orthopedic care. , Becker's Hospital Review ...
(Date:11/24/2015)... ... November 24, 2015 , ... In response to recent news highlighting ... from prescription opioids in the United States grew 400 percent between 1999 and 2010, ... were involved in 37 percent of all fatal drug overdoses. (1) , While oxycodone ...
(Date:11/24/2015)... (PRWEB) , ... November 24, 2015 , ... Serenity Point ... a series of recent video interviews with some of the staff members at their ... the residential treatment facility, as well as some of the things that make their ...
Breaking Medicine News(10 mins):
(Date:11/24/2015)... -- st  Scientific Assembly and Annual Meeting of the ... place in Chicago on Nov-29 th ... st  Scientific Assembly and Annual Meeting of the Radiological Society ... Chicago on Nov-29 th through Dec-4 ... Dynamics will present its revolutionary whole body CZT digital SPECT/CT solution ...
(Date:11/24/2015)... LONDON , November 24, 2015 The uptake ... (T1DM), will be a key driver of market growth to 2021, ... of recently approved and pipeline premium products for Type 1 Diabetes Mellitus ... says GBI Research . --> The ... Mellitus (T1DM), will be a key driver of market growth to 2021, ...
(Date:11/24/2015)... San Diego -based Imprimis Pharmaceuticals, Inc. (NASDAQ: ... the development, production and dispensing of novel compounded ... therapeutic segments including ophthalmology, urology, sinus and integrative ... states from four facilities located in ... New Jersey and Pennsylvania.  ...
Breaking Medicine Technology: