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:12/2/2016)... ... December 02, 2016 , ... Lori G. Cohen and ... office, will speak at the American Conference Institute’s 21st Drug & Medical Device ... a Lead Sponsor of the conference. , Cohen, who chairs the firm’s Pharmaceutical, Medical ...
(Date:12/2/2016)... ... 2016 , ... Advanced Inc., a leading provider of travel therapy and travel ... serve as Advanced Inc.’s Chief Financial Officer, effective December 1, 2016. Jason previously served ... and operational leadership experience to Advanced Inc. He began his career in finance at ...
(Date:12/2/2016)... PITTSBURGH, PA (PRWEB) , ... December 02, 2016 , ... ... or struggling through rehabilitation of an injury, patients must find the one that works ... for his pain, he created a machine that worked and decided to share it ...
(Date:12/2/2016)... ... December 02, 2016 , ... ... of its SaaS LIMS, CloudLIMS Lite. CloudLIMS Lite helps biobanks, clinical, research and ... storing, shipping and disposal. The new version is a faster and a more ...
(Date:12/2/2016)... ... 02, 2016 , ... Yisrayl Hawkins, at The House of Yahweh in Abilene, ... into Bible Prophecy. Yisrayl says this generation, known as the Last Generation, started in ... the details line up exactly with Bible Prophecy – a protected way for those ...
Breaking Medicine News(10 mins):
(Date:12/2/2016)... According to a new ... Product (Instruments, Reagents, Software), Technology (Immunoassay, Clinical Chemistry, ... Infectious Diseases) - Forecast to 2021" published by ... 60.22 Billion in 2016. This market is expected ... the forecast period (2016-2021) to reach USD 78.74 ...
(Date:12/2/2016)... On Thursday, December 1st 2016, the Prix ... and innovation in the biopharmaceutical industry at its third ... presence of Sergey Tsyb, Vice Minister of Industry and ... Natalia Sanina, First Vice Chairman of the State Duma ... National Service of Control in Healthcare, Sergey Muravev, Director ...
(Date:12/2/2016)... , December 2, 2016 bioLytical Laboratories, ein Weltführer ... bei den Mitgliedern des Apothekenbundes von Kenia eingeführt. ... ... INSTI HIV Self Test! (PRNewsFoto/bioLytical Laboratories) ...      (Photo: http://photos.prnewswire.com/prnh/20161201/444905 ) ...
Breaking Medicine Technology: