Which is best for you: public or private long term care insurance?

Jonas Roeser answers the concerns of many Americans, who seem confused 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, "Millions don't know how to react," says Roeser, Senior Vice President of Marketing & Operations for LTC Financial Partners, one of the nation's most experienced long term care insurance agencies. He offers answers in a new publication, the 2010 Long Term Care Guide, a special report that includes a Healthcare Reform Update.... http://www.ltcfp.com -- A leading impartial source of long term care insurance from multiple carriers.

Category:

Education

Tags:

• long term care insurance
• long term care
• CLASS Act
• public option
• news
• economy

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The CLASS Act's $50 per day "average benefit" will cover a small portion of the $75,000/year most Americans pay for in-home care. Most people who want to protect their savings will still need to own LTC insurance.

One of the biggest problems our country faces is that most Americans still think that Medicare or their medical insurance covers the cost of long term care.

The CLASS Act addresses this problem by making a very clear statement: You have to pay for your own long term care.