FOR IMMEDIATE RELEASE: (of interest to editors covering: personal finance, healthcare, insurance, senior care) Obama Health Plan Not Likely to Embrace Long Term Care, Industry Leader Says Consumers Advised to Secure Long Term Care Insurance While They're Still Healthy Enough to Qualify KIRKLAND, Wash., Dec. 10, 2008 (SEND2PRESS NEWSWIRE) -- If you've put off getting long term care insurance, should you put it off a bit longer, anticipating the new administration's health plan? "I wouldn't advise it," says Denise Gott, Chairman of the Board of LTC Financial Partners LLC (LTCFP), one of the nation's most experienced long term care insurance agencies. "Long term care has never been a part of any candidate's overall health care reform proposal, and likely never will be." *(PHOTO 72dpi: www.Send2Press.com/mediaboom/08-1210-DeniseGott_72dpi.jpg) *(Photo Caption: LTC Financial Board Chairman Denise Gott.) Why not? "The country is split over the degree to which the government should be involved in our health care system, and this is reflected in Congress," Gott says. "Fiscally conservative Democrats, allied with Republicans, will question a big-ticket package for basic health care, let alone expanding to include long term care." The cost of health care reform will be huge, and would be much larger with long term care included. "If the Obama administration's health proposal moves forward in its current form," Gott says, "it will easily cost $100 billion per year to fund. If you added in the cost of long term care services, the total outlay would easily double." That's extremely unlikely to happen, she points out. In addition to the natural resistance of conservatives in Congress, there's an additional challenge. "If you give doctors, hospitals, drug companies, insurers and all the others what they want to get them onboard, you will create an enormously expensive bill and subsequent opposition. That's why the California health bill failed earlier this year when the total costs became clear." Help with long term care expenses isn't likely to expand beyond the limited amount currently offered to destitute individuals through Medicaid, administered by the states. Medicare does not cover long term care expenses, though many Americans mistakenly assume it does. "The future of long term care lies in private insurance and the specialists who can provide assistance in navigating the maze of insurers, plans, and premiums," says Gott. There's a big risk in waiting to secure long term care insurance in the faint hope Washington might eventually pick up the tab. "If your health deteriorates," Gott says, "you'll have to pay a higher rate or might not qualify at all." 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 . All trademarks are property of their respective owners. Send2Press(R) is the originating wire service for this story, Copr. 2008. NEWS SOURCE: LTC Financial Partners, LLC # # # // RELEASE END // MEDIA ONLY CONTACT(S): [ contact info below not for publication online or in print ] Jonas Roeser of LTC Financial Partners Senior Vice President of Marketing & Operations +1-866-471-4072 Dick Samson of EraNova Institute for LTC Financial Partners +1-973-335-3699 media @ eranova.com //Note to editors: Interview with Ms. Gott available on request, as well as print-ready images and logos. ......... Plain Text Copy, and Story Permalink: http://www.Send2Press.com/mediadrome/2008-12-1210-001.txt Release PDF: http://www.Send2Press.com/mediadrome/news_2008-12-1210-001.pdf Get our full-text news via RSS: http://www.Send2Press.com/RSS2/rss.xml Add our news to your blog or website: http://feeds.send2press.com ......... Text provided by news source (and/or the source's authorized agency), who is solely responsible for accuracy and legality of content transmitted. ......... This news story from Send2Press Newswire may be redistributed and re-posted in part or in whole by members of the media. Copr. (c) Send2Press, a unit of Neotrope(R). For news aggregation sites, blogs, and bureaus, you must retain Send2Press as the original wire service source. You may capture and self-host images linked to in above release, but do NOT stream from our server. ......... The original version of this release was issued on behalf of the above organization (the "news source"), by Send2Press(R) Newswire, a service of Neotrope(R). http://www.Send2Press.com. ......... DECEMBER 2008 Press Release / B-NAB PTR 63a WA / IND: INSUR SENIOR LTC HEALTH RETIRE PERS-FINA / ytv = /AGENCY = EraNova / pre = 630a 330a 255a