Navigation Links
Social Security Statement Advises Seniors to Consider Private Long-Term Care Insurance, LTC Agency Reports; Medicare Won't Cover It
Date:6/12/2008

KIRKLAND, Wash., June 12 /PRNewswire/ -- A few months ago, members of Congress asked the Social Security Commission to clear up a misperception of many Americans approaching retirement age. "A lot of seniors had the idea that Medicare would 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. "It wasn't so, but the wording of the Social Security Statement left some doubt."

*(PHOTO Link 72dpi: Send2Press.com/mediaboom/08-0505- LTCTruesdell_72dpi.jpg)

*(Photo Caption: LTC Financial CEO Cameron Truesdell.)

Congress asked for clarification. The Social Security Commissioner, Michael J. Astrue, responded with a letter saying the wording of the Social Security Statement -- found at http://www.socialsecurity.gov/mystatement/sample4.htm -- would be changed to make the meaning crystal clear. The section titled "About Social Security and Medicare" now reads as follows (emphasis added):

"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."

"This clarification is long overdue," says Truesdell. "Only about 10% of those who should have long term care insurance do. Part of the reason may be simple misinterpretation of what the government meant."

"It is vital for millions of Americans to do what the statement says, look into private LTC insurance options," Truesdell continues. "There's now no room for doubt. Paying for long-term care is beyond the scope of Medicare. It's also beyond the scope of ordinary health insurance."

Truesdell's organization includes about 500 independent long-term care insurance agents. "Our experts are available to advise all Americans and American companies on their options," he says. "In the private sector, we're the people to come to when you need to know whether the insurance is right for you, and which carrier or policy best fits your situation." LTCFP's experts answer questions, by phone or in person, in all states. A listing of them, by state, is available at http://www.ltcfp.com.

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

Related medicine news :

1. 2collab Survey Reveals That Scientists and Researchers are "All Business" With Social Applications
2. Active Social Life Helps Keep Aging Mind Sharp
3. Genetic links to impaired social behavior in autism
4. New Data Shows Continued Growth of Long-Term Disability Claims and Decline in Social Security Disability Insurance Applications Approval Rate
5. 20th Edition of the Encyclopedia of Social Work Published
6. Social Status Plays Role in Brains Control of Health
7. Social form of bullying linked to depression, anxiety in adults
8. Social Workers Honor William C. Bell with the International Rhoda G. Sarnat Award
9. Rik Deitsch, CEO of Nutra Pharma Creates Personal Wall on WallSt.nets Financial Social Community, my.wallst.net
10. Older Americans are more socially engaged than many people may think
11. Joint Center Sees Social Determinants of Health as Key to Reducing Disparities at Annual Fund-raising Gala
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/6/2016)... ... ... "ProIntro Music is a great new set of self-animating intros for Final ... ProIntro Music is a set of 30 self-animating introductions created exclusively for use in ... X editors to add a unique opener to any video production. Choose from dynamic ...
(Date:5/6/2016)... , ... May 06, 2016 , ... Speech, hearing, and ... (ASHA). Since 1927, ASHA has celebrated Better Hearing and Speech Month each May ... Care. , “We live in an era full of technology. Kids spend hours ...
(Date:5/6/2016)... ... ... The team at Tijuana Bariatric Center is pleased to announce that the ... to bariatrics. , Thanks to this recent expansion, the network of bariatric surgeons ... looking for a solution to obesity and obesity-related illness. This means that the practice ...
(Date:5/6/2016)... , ... May 06, 2016 , ... With more than ... a part of the cosmetic team at South Jersey Skin Care & Laser Center, ... now working as the practice’s new licensed medical esthetician. , Dr. Robin Levin came ...
(Date:5/6/2016)... ... May 06, 2016 , ... The National Association ... education initiative in Puerto Rico. Radio messages set to debut on Monday, May ... and pharmacists about ways to protect themselves and their unborn children from the ...
Breaking Medicine News(10 mins):
(Date:5/6/2016)... , May 6, 2016 Zymo Research Corporation will ... at the American Urological Association,s Annual Meeting, the largest ... and isolates total DNA from a large volume of urine ... the company,s booth #5151 at the San Diego ... Conditioning Buffer ™ (UCB ™ ) that preserves ...
(Date:5/6/2016)... May 6, 2016 ReportsnReports.com ... 2016" to its database. The report provides comprehensive ... of the products at various stages of development. ... pipeline product development. It also provides information about ... trial status, trial start and end dates, and, ...
(Date:5/6/2016)... that we now stock the ( most advanced surgical and microscopic camera ) currently available, ... the consumer market in March 2016. Photo - http://photos.prnewswire.com/prnh/20160505/364465 ... ... ... GP-UH532 camera is the newest iteration of Panasonic,s 1080p HD camera and is part of ...
Breaking Medicine Technology: