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Don't Wait for the Election to Plan Your Long-Term Healthcare, Insurance Leader Advises
Don't Wait for the Election to Plan Your Long-Term Healthcare, Insurance Leader Advises
KIRKLAND, Wash., May 15 /PRNewswire-USNewswire/ -- Will the next President
introduce healthcare reform? "Probably," says Cameron Truesdell, CEO of one of
the nation's most experienced long term care insurance agencies, LTC Financial
Partners LLC. Will the new system -- Obama's, Clinton's, or perhaps
McCain's -- cover all healthcare needs? "Absolutely not," says Truesdell. A
huge area where Americans must keep on fending for themselves is long term
care. That's the help with daily living provided by nursing homes, in-home
care services, and family members who all too often leave work to tend an
incapacitated parent, spouse, or child.
*(PHOTO 72dpi: Send2Press.com/mediaboom/08-0505-LTCTruesdell_72dpi.jpg)
*(Photo Caption: LTC Financial CEO Cameron Truesdell.)
"No way can any federal program afford the enormous, open-ended costs of
long term care," says Truesdell. "Medicare doesn't cover it now. Neither does
Medicaid except for the destitute or those who have exhausted their own
resources." In fact, as Truesdell points out, recent legislation has cracked
down on Medicaid abuse, making it harder for people with means to qualify.
"If you wait for the election, or government action of any type, to plan
for your long term care, you're only jeopardizing your own future," he says.
For the vast majority of Americans, including the 77 million Baby Boomers
nearing retirement, long term care is and will continue to be a matter of
individual, private planning, Truesdell asserts. "You either need to save for
it big time, or get long term care insurance," he says. "For all but the
ultra-wealthy, who can afford to self-insure, LTC insurance is the answer."
Truesdell's organization includes 500 long term care experts who advise
individuals and businesses on appropriate plans, available tax breaks, and
alternative carriers. "Our people also work with estate planners and financial
advisors that in turn advise their clients," he says. "What most people don't
realize is that LTC insurance is good for more than your physical health; it's
also good for your financial health -- because it protects your hard-won
assets."
A state by state listing of the 500 experts is available at
http://www.ltcfp.us/ltcfp/dont-wait.html.
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 LLC
Copyright © 2008, PRNewswire
Copyright © 2008, NewsBlaze,
Daily NewsTags: Healthcare, Insurance, Health, washington
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