{"id":4826,"date":"2005-06-15T13:25:00","date_gmt":"2005-06-15T17:25:00","guid":{"rendered":"https:\/\/www.send2press.com\/wire\/2005-06-0615-004\/"},"modified":"2018-05-09T18:47:22","modified_gmt":"2018-05-09T22:47:22","slug":"2005-06-0615-004","status":"publish","type":"post","link":"https:\/\/www.send2press.com\/wire\/2005-06-0615-004\/","title":{"rendered":"Long-Term Care Insurance Could Soon Be 100% Tax-Deductible; Early-Bird Steps Can Assure Benefit"},"content":{"rendered":"<p>KIRKLAND, Wash. &#8211; June 15 (SEND2PRESS NEWSWIRE) &#8212; LTC Financial Partners LLC, the nation&#8217;s leading long-term care insurance brokerage representing multiple carriers, announced an early-bird cost minimization program. The aim is to help millions of Americans secure the best long-term care coverage while preserving assets, and eventually deduct the entire premium expense on their Federal tax returns.<\/p>\n<p> <img decoding=\"async\" src=\"\/mediaboom\/logo-LTCfinan_72dpi.jpg\" align=\"right\" hspace=\"10\" alt=\"LTC Financial Partners\"><br \/> The early-bird program &#8212; accessible at www.eranova.com\/LTCFP\/contact.htm &#8212; consists of two simple steps:  <\/p>\n<blockquote><p> \t&#8211; First, lock in a low monthly rate while younger and healthier;<\/p>\n<p> \t&#8211; Second, join a lobbying effort for H.R. 2682, the &#8220;Long-Term Care and Retirement Security Act of 2005,&#8221; to get Uncle Sam to pick up the tab.  <\/p><\/blockquote>\n<p> Introduced by Nancy Johnson (R-CT) and Earl Pomeroy (D-ND), the bi-partisan legislation is now before the House Ways and Means committee. H.R. 2682 amends the Internal Revenue Code to allow individuals a deduction for qualified long-term care insurance premiums; and use of such insurance under company &#8220;cafeteria&#8221; plans and flexible spending arrangements. The measure also provides credits for current long-term care needs.<\/p>\n<p> Step one of the early-bird program minimizes insurance costs immediately, before H.R. 2682 passes. &#8220;That&#8217;s because rates go up as we age, and if we develop serious health problems, we may no longer qualify for insurance at any price,&#8221; says Cameron Truesdell, CEO of LTC Financial. &#8220;Getting covered early can save many thousands of dollars, and let you breathe a sigh of relief right along, knowing you&#8217;re protected.&#8221; In step two of the process (lobbying for passage of the House bill) the idea is to reduce an already low cost even more.<\/p>\n<p> As a public service, LTC Financial&#8217;s private-sector ombudsmen will help people pursue the two-step process easily. By phone or Internet, those who contact a local LTC expert may request: <\/p>\n<blockquote><p> \t&#8211; An estimate of savings when they secure insurance &#8220;younger and healthier&#8221; versus waiting.<\/p>\n<p> \t&#8211; Help in sending a quick message to their representative, urging passage of H.R. 2682.  <\/p><\/blockquote>\n<p> A list of the LTC experts is available at www.eranova.com\/LTCFP\/contact.htm. A long-term care guidebook may also be requested, free of charge. <\/p>\n<p> LTC Financial Partners LLC &#8211; 3550 Carillon Point &#8211; Kirkland, WA 98033.<\/p>\n<p>News issued by: LTC Financial Partners LLC<\/p>\n<p> # # # <\/p>\n<p><small>Original Story ID:  (482) :: 2005-06-0615-004<\/small><\/p>\n<p><small>Original Keywords: LTC Financial Partners LLC, private-sector ombudsmen, early-bird program, long term care, long term care insurance, ltc, tax-deductible, health, medicare, guide book, H.R. 2682, eranova, LTCare, brokerage, carriers, Kirkland, Washington news LTC Financial Partners LLC   <\/small><\/p>\n","protected":false},"excerpt":{"rendered":"<p>KIRKLAND, Wash. &#8211; June 15 (SEND2PRESS NEWSWIRE) &#8212; LTC Financial Partners LLC, the nation&#8217;s leading long-term care insurance brokerage representing multiple carriers, announced an early-bird cost minimization program. The aim is to help millions of Americans secure the best long-term care coverage while preserving assets, and eventually deduct the entire premium expense on their Federal tax returns.<\/p>\n","protected":false},"author":9780,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[38,105],"tags":[],"class_list":["post-4826","post","type-post","status-publish","format-standard","hentry","category-finance-news","category-insurance-news","has-post-title","has-post-date","no-post-category","no-post-tag","no-post-comment","has-post-author"],"acf":[],"views":3967,"_links":{"self":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/4826","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/users\/9780"}],"replies":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/comments?post=4826"}],"version-history":[{"count":0,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/4826\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media?parent=4826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/categories?post=4826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/tags?post=4826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}