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The Joint Economic Committee comprised of Republican Senators issued a report last week referring to the CLASS Act as “a Ponzi scheme of the first order” a quote attributed to Senator Kent Conrad (D-ND). 
CLASS, which stands for Community Living Assistance Services and Supports, was included within the health care reform legislation recently signed into law.  [...]

A comprehensive online guide is now available to provide details and updates regarding the Community Living Assistance Services and Supporters Act (CLASS Act).
Part of the comprehensive healthcare reform legislation signed into law by President Obama, CLASS creates a new voluntary government program under which participants will pay a monthly premium to later be eligible for [...]

Individuals purchasing long-term care insurance in 2009 tended to be slightly older and selected less costly policy features according to the American Association for Long-Term Care Insurance (AALTCI) annual study.  The organization’s research was based on an analysis of 155,000 individual placed policies.
“Clearly the economy is having an impact on when individuals start their long-term [...]

Dementia incidence rates almost double every five years in those individuals who are 90 and older.  There are currently about two million Americans aged 90 and older and the number is expected to reach 8.7 million by 2050, making the oldest-old the fastest growing segment of the U.S. population. 
Rate for all causes of dementia in [...]

Long-term care represents 32.1 percent of total Medicaid spending according to a new report.   As costs rise, the program is raising serious budget problems for numerous states.
Total Medicaid expenditures for long-term care increased 3.8 percent in 2008 reaching a total of $106.4 billion.  Medicaid is the nation’s poverty program with expenses borne by federal and [...]

Average life expectancy in the United States has reached almost 78 years, a record high.
According to federal officials women born in 2007 can expect to live to 80.4 years on average and men to 75.3 years.  The just-issued report from the U.S. Centers for Disease Control and Prevention notes that while Americans can expect to [...]

An alliance of leading long-term care insurance organizations has launched the national Jobs To Protect America’s Future campaign.  The effort intends to recruit, train and support up to 2,000 unemployed Americans who will help educate Americans about the need to plan for the potential risk of needing long-term care. 
The campaign, organized by the American Association [...]

Some 10 million Americans currently require long-term care according to the American Association for Long-Term Care Insurance with annual expenditures exceeding $200 billion. 
Experts expect the number of individuals needing care will grow significantly in the next decade as the 76 million baby boomers begin to turn 65.  To educate individuals about the importance of long-term [...]

In the time it takes you to read this sentence, the bills from a critical illness may have forced yet another American to file for bankruptcy.   Some 1.4 million Americans will file for bankruptcy in 2009, which equates to about three every minute. 
Medical problems contributed to over 60 percent of all bankruptcies in the United [...]

Nearly half of individuals purchasing critical illness insurance protection were under age 45 according to the first national study of buyers conducted by the American Association for Critical Illness Insurance.  
The industry trade group released the findings of a study that reveals one third (34%) of purchasers were between ages 45 and 54 and the majority [...]

Some 7.5 million Americans currently receive long-term care at home because of an acute illness, long-term health condition, a permanent disability, or terminal illness according to a new report.
That compares to only 1.5 million in nursing homes and 1.1 million who reside in assisted-living communities according to the American Association for Long-Term Care Insurance which [...]

Will future demand and need for long-term care services by aging Americans vastly outstrip supply?
In the face of continued reports predicting increased need for care resulting from aging or disability a report reveals that the number of available nursing home beds in the U.S. continues to decline.  Several states reported double digit declines in the [...]

Will future demand and need for long-term care services by aging Americans vastly outstrip supply?
In the face of continued reports predicting increased need for care resulting from aging or disability a report reveals that the number of available nursing home beds in the U.S. continues to decline.  Several states reported double digit declines in the [...]

Will future demand and need for long-term care services by aging Americans vastly outstrip supply?
In the face of continued reports predicting increased need for care resulting from aging or disability a report reveals that the number of available nursing home beds in the U.S. continues to decline.  Several states reported double digit declines in the [...]

Many Americans do a poor job of planning for their future.  It’s true.  As a result an increasing number of individuals and families look to the federal and state government for solutions.  Most often the solutions are insufficient. 
That is why legislators at both the federal and state levels offer significant tax incentives to encourage Americans [...]

When it comes to making money, timing is everything.  Being the first to identify a trend, or a problem and being the first to offer a viable solution can result in success.
Such an opportunity doesn’t come along everyday; especially one that is more substance than smoke and mirrors.  In a nutshell, here is the problem.
Every [...]

Will 32 million Americans own critical illness insurance by the end of 2015?  I’m betting on it making it the single greatest sales growth opportunity for those who presently sell insurance.  If you are considering a career switch, this is definitely one to watch.
Chances are you’ve never heard of critical illness insurance.  To be honest, [...]

When considering long-term care insurance protection, the rating of insurance company is an important piece of information to request.  Here is an overview of the three primary companies that rate long-term care insurance companies and what to look for.
There are many things to consider before you purchase long-term care insurance such as what your needs [...]

In the time it takes you to read this sentence, the bills from a critical illness may have forced yet another American to file for bankruptcy.   Some 1.4 million Americans will file for bankruptcy in 2009, which equates to about three every minute.
 Medical problems contributed to over 60 percent of all bankruptcies in the United [...]