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P R E S S R E L E A S E :
2010 Long Term Care Guide Announced - Includes Healthcare
Reform Update
Mon, 03 May 2010, 06:54:01 EDT
KIRKLAND, Wash. (SEND2PRESS NEWSWIRE) -- Many Americans seem confused
and immobilized by a key part of the recent Health Reform legislation, the CLASS Act,
which will offer a form of long term care insurance for working people and others who
may become disabled. "CLASS" stands for Community Living Assistance Services and
Supports; and the program, a legacy of the late Senator Edward Kennedy, is intended to
offer new choice and security for millions now at risk. But, "we find that the public
doesn't know how to react," 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.
"On one hand," says Gott, "many people hope the CLASS Act can take care of their
long term care insurance needs. On the other hand, they're not sure. They wonder if
private LTC insurance may be better for them in their particular situation. They're conflicted and stymied."
To help clarify the matter, Gott's organization developed and will soon publish the 2010 Long Term Care Guide, a special
report that includes a Healthcare Reform Update. "We think it will answer the top questions on people's minds," says Gott.
These questions include:
* If the CLASS Act program doesn't become operational until 2012 or 2013, what are the risks of waiting until then 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 as