Many of you may remember that now famous phrase which was used by the crew of the Apollo 13 moon flight, to report a major technical problem back to their Houston base. [Read more…] about Houston: We May Have a Problem! (Sacramento: We DO Have a Problem!)
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AGENT LEGISLATIVE UPDATE FOR THE CALIFORNIA PARTNERSHIP FOR LONG-TERM CARE
PROPOSED LEGISLATION AS OF APRIL 5, 2018:
SB 1248 (Gaines and Glazer) implements a recommendation by a group of stakeholders to reform the Partnership for Long-Term Care Program (“Partnership”) housed at the Department of Health Care Services (DHCS). Specifically, the bill would establish a new minimum floor for benefit levels provided through long-term care insurance (LTCI) policies certified by the Partnership. [Read more…] about AGENT LEGISLATIVE UPDATE FOR THE CALIFORNIA PARTNERSHIP FOR LONG-TERM CARE
California Producer Alert: Long-Term Care Insurance Market 2018 Update
As March roared in like a lion across parts of the US, the sun began to shine in Sacramento on March 1, 2018 when the California LTCI Task Force agreed and voted unanimously to implement the “Sub-Task” force recommendations regarding the “Revitalization” (Noun: the action of imbuing something with new life and vitality) of the California Partnership for Long-Term Care program in California. [Read more…] about California Producer Alert: Long-Term Care Insurance Market 2018 Update
Blind Leading the Blind: The Fleecing of the LTC Insurance Industry (2018 New Years Edition – Part 2)
In our last Article, The Blind leading the Blind: State of Confusion in the LTCI Industry 2017 Holiday Edition (part one), we shared the results of a recent national LTC Survey conducted by Genworth in the 3rd quarter of 2017 that eventually highlighted American Consumer ignorance about Long-Term Care costs and it’s financing options.
Within weeks, another article in Think Advisor dated for November 25, 2017, states “One America Sees LTC Solution Knowledge Gap.” One America says they have new evidence that ignorance continues to be a barrier to use of insurance-based Long-Term Care planning arrangements. [Read more…] about Blind Leading the Blind: The Fleecing of the LTC Insurance Industry (2018 New Years Edition – Part 2)
Blind Leading The Blind: State of Confusion in the LTC Industry 2017 Holiday Edition (part one)
As we here in California prepare for the re-launch of the California Partnership for LTC, I feel it is imperative that we address the “state of confusion” within the LTCI Market and Industry and what we can do about it!
As we enter a critical conjuncture in this LTCI marketplace, I am absolutely stunned by a recent article in/on the “Think Advisor” website dated October 22, 2017, titled “Americans worried about Long-Term Care but Have No Plan to pay for it: Genworth.”