Averting Financial Disaster for 20 Million -- KC Confab Will Chart the Path
According
to the U.S. Department of Health and Human Services, by 2025 more than 20 million
Americans -- incapacitated athletes and children as well as aging baby boomers
-- will need long-term care services. Ordinary health insurance won't cover
it. Neither, in all likelihood, will Medicaid, as legislative reform cracks down
on benefits claimed by the affluent. Yet, "We can have long-term care protection
for every American," says Cameron Truesdell, CEO of LTC Financial Partners
LLC, the nation's leading
LTC insurance brokerage. Toward
that ambitious goal, his organization is sending over 100 of their Partners, all
experts in long-term care protection, to the 2005 National LTCi Producers Summit
in Kansas City, MO, at the Westin Crown Center Hotel, October 16-18. "Almost
every American will be seriously affected by this," says Truesdell. "All
it takes is for one member of their family to get hurt or sick for a long period."
He believes, as do growing numbers of federal and state legislators, that LTC
protection should be as common as auto insurance. "We're going to make it
happen!" he asserts. "And it all starts here, at this conference." Over
700 participants are expected, with invited VIP's that include -- U.S.
Senator Kit Bond (R, MO), who has sponsored legislation to give an above-the-line
tax deduction to help people afford LTC insurance. Christopher
Perna, President of MedAmerica. - Executives
from MetLife and John Hancock. And
key representatives of other carriers and LTC-related organizations.
While
immediate disasters command headlines, the long-term care crisis -- which could
bankrupt tens of millions -- goes virtually unnoticed. "Most people just
don't realize the danger they face," says Truesdell. "They're healthy
and bullish about their future. What they don't know is that by living longer,
they're exposed to more bouts of incapacity than previous generations were."
Those bouts require expensive care not covered by regular insurance. A federal
awareness campaign, conducted earlier this year, made promising inroads, but "the
vast majority of Americans remain in the dark," says Truesdell. The Kansas
City get-together aims to start fixing that, and also to spark an ever-improving
set of public and private-sector solutions. More information is available at --
http://www.eranova.com/LTCFP/kcevent.htm. Truesdell
and co-founder Craig Smith are pioneers of their field. They were principals of
LTC Inc., founded in 1985 and later sold to GE Capital.
Their present organization distinguishes itself as a national organization
of specialists who help people find the coverage that's right for them,
from multiple leading
carriers including MetLife, John Hancock, MedAmerica, Prudential, Allianz, Physicians
Mutual, and Unum Provident.> "Before Truesdell," says Smith, "long-term
care insurance did not exist by that name. It was called nursing home insurance.
Truesdell defined the concept and developed the role of specialist. And now we
work closely with the carriers and support government iniatives to educate the
public and make sound policies available.">>>>> The
October 16-18 Summit was organized by Jesse R. Slome, Executive Director of the
American Association for Long-Term Care Insurance.>> MEDIA CONTACTS:
Jonas Roeser of LTC
Financial Partners – Director of Marketing – 866 471 4072STYLE='font-size:10.0pt;mso-bidi-font-size:12.0pt;font-family:Arial;color:red'>
Dick Samson of EraNova Institute for LTC Financial Partners – 973-335-3699
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