Which Is Best for You: Public or Private Long Term Care Insurance?

| From
Jonas Roeser

KIRKLAND, Wash., June 7 (SEND2PRESS NEWSWIRE) -- The CLASS Act, part of the new health reform law (the Patient Protection and Affordable Care Act), will offer a type of long term care insurance for working people and others who may become disabled. But confusion and doubt are widespread. "Many wonder how the CLASS Act will affect them personally," says Jonas Roeser, Senior Vice President of Marketing & Operations for LTC Financial Partners LLC (LTCFP), one of the nation's most experienced long term care insurance agencies.

"CLASS" stands for Community Living Assistance Services and Supports; and the program, a legacy of Senator Edward Kennedy, is intended to offer new choice and security for millions now at risk. But, "we find that most people don't know what to make of the law or how to proceed," says Roeser. "On one hand, many hope the CLASS Act can take care of their long term care needs. On the other hand, they're not sure. They wonder if private LTC insurance may be better for them. They're conflicted and stymied."

To help clarify the matter, LTCFP has released an informational video, featuring Roeser, and a digital publication, the 2010 Long Term Care Guide, Including Healthcare Reform Update. Both are available free at .

The digital guide and video will answer questions like these:
* If the CLASS Act program doesn't become operational until 2012, 2013 or later, what are the risks of waiting to decide between that and private long term care insurance?
* With the public plan, I hear people will need to pay premiums for 5 years before becoming eligible for benefits; how does this compare with private LTC insurance?
* How much are long term care services likely to cost should I need them; and will the public plan pay enough benefits to cover all those costs?
* If I get a private LTC policy now, could I later decide to enroll in the public plan too, for extended benefits?
* I hear millions will be automatically enrolled in the public plan, with payroll deductions, unless they opt out. What should I do?

LTCFP is a founding sponsor of the "3 in 4 Need More" campaign - - which seeks to inform the public that "at least 70 percent of people over age 65 will require some long-term care services at some point in their lives," according to the U.S. Department of Health and Human Services.

Video news release for this story: .

News Source:

Like, Share, Save this press release:
  TWEET   SHARE   G+   PIN IT   STUMBLE   LinkedIn   Instapaper   Buffer

The content of the above press release was provided by the “news source” (LTC Financial Partners LLC) or authorized agency, who is solely responsible for its accuracy. Send2Press® is the originating wire service for this story and content is Copr. © 2010 LTC Financial Partners LLC with newswire version Copr. © 2010 Send2Press (a service of Neotrope). All trademarks acknowledged.

Rights granted for reproduction by any legitimate news organization. However, if news is cloned/scraped verbatim, then original attribution must be maintained with link back to this page as “original syndication source.” Resale of this content for commercial purposes is prohibited without a license. Reproduction on any site selling a competitive service is also prohibited. Information is believed accurate, as provided by news source or authorized agency, however is not guaranteed, and you assume all risk for use of any information found herein/hereupon. This work is licensed under a Creative Commons Attribution-NonCommercial 3.0 Unported License.
STORY READS for this single page only, as of Oct 20 2016:
[ count retired 8.4.16 ]

Insurance, Kirkland Business, Long Term Care, or: Search

back to top
REFERENCES: Jonas Roeser, Patient Protection and Affordable Care Act, Patient Protection and Affordable Care Act, LTC Financial Partners LLC, 2010 Long Term Care Guide, Jonas Roeser, LTCFP, CLASS Act, Community Living Assistance Services and Supports, video, free booklet, Healthcare Reform Update, private LTC insurance, 3 in 4 Need More campaign, over age 65, news, press release from LTC Financial Partners LLC, Jun 7, 2010, Insurance, Health, , Kirkland, Washington, Which Is Best for You: Public or Private Long Term Care Insurance?