2010 Long Term Care Guide Now Available for PA Residents; Includes Healthcare Reform Update

Cathy Allen of Bangor says it will help consumers decide between private LTC insurance and the new public plan

Online PR News – 08-November-2010 – – Bangor, PA - 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 Cathy Allen, Bangor-based agent with LTC Financial Partners, one of the nation's most experienced long term care insurance agencies.

"On one hand," says Allen, "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, Allen's organization developed 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 Allen. 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 well, for extended benefits?

Such questions cry out for answers now, Allen asserts. "Millions will be automatically enrolled in the public plan, with payroll deductions, unless they decide to opt out; but that decision requires knowledge."

The 2010 Long Term Care Guide is now available to the public at no cost, by request from Allen at 610-588-0852, cathy.allen@ltcfp.net or http://CathyAllen.ltcfp.com.

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