Long Term Care Insurance Gains Momentum Thanks to State Promotions
New York-Based Brokerage Reports Increased Interest Due to Financial Incentives
(EMAILWIRE.COM, January 11, 2008 ) New City, New York – Long term care insurance, once a bit player in the health insurance field, is now entering center stage thanks to influential backers: states like California, Connecticut, Indiana and New York. These four are the original long term care "partnership" states, now joined by many others. "States with partnership programs are spending millions promoting LTC insurance through the media and direct mail," says Ron Brie, Partner of LTC Financial Partners (LTCFP), America's most experienced long term care insurance agency. "More important, they're providing financial incentives to help people participate."
The financial incentives vary by state, including tax deductions for premiums and a conditional loosening of the Medicaid purse strings. "Buy a state-approved long term care policy, and Medicaid in your state could offer backup protection (with certain qualifications)," says Brie.
"We see more and more states implementing these promotional and support programs," Brie continues, "and the public is responding." Participating states now include Virginia, Iowa, Minnesota, Rhode Island, and Florida, "and we expect most states to climb on the bandwagon," he predicts. To handle the increased public demand, LTCFP has expanded from fewer than 100 agents in 2005 to more than 400 today.
Why are states promoting the private insurance? Any why are they offering financial carrots for participation? "It's simple," Brie explains. "There are 77 million baby boomers nearing retirement with predictable periods of incapacity. The states just can't foot the bill for all that nursing home or in-home care. They'd go broke. So they're encouraging people to protect themselves through the private sector."
How does one sign up for a partnership-approved long term care policy? "You can't do it through just any insurance agent," says Brie. "Each partnership state certifies a number of reputable insurance carriers and agents to represent their program in their particular state. At LTCFP we have more state-partnership-certified agents than any other brokerage specializing exclusively in the long term care field. In fact, some of our agents have been qualified to guide other agents through the certification processes."
Brie is a key source of information in New York as well as nationally; he may be reached at 212-799-3900 or http://www.ltcfp.us/RonBrie .
Ron Brie is a Master Long Term Care Insurance Specialist, licensed in the states of New York, New Jersey, and CT. Ron has been specializing in Long Term Care insurance since 1991. His first year in the industry, Ron was awarded “Rookie of the year”. Followed, by achievements such as five time member of the “Presidents club” (with over a three million dollar book of business).
Most currently ranked as #11 nationally, among all Long Term Care insurance sales professionals. As a career specialist in the field of Long Term Care insurance, Ron speaks actively in the community. He provides educational, informative programs to civic and professional organizations. He also assists estate planners, financial advisors, attorneys and accountants in helping solve their clients’ Long Term Care needs.
Ron Brie played an active role with the Board of Directors for the NY City Chapter of the Alzheimer Associations, and is currently on the Board of Directors for LTC Financial Planners. Ron attended Queens College in Queens, NY and currently resides in the city of Manhattan, NY. In addition to his dedication to his family, friends and career in selling Long Term Care insurance, Ron is a 4th Degree Black belt and devoted student of the Martial Arts.
MEDIA CONTACT:
Dick Samson of EraNova Institute for LTC Financial Partners - 973-335-3699 – media@eranova.com
The financial incentives vary by state, including tax deductions for premiums and a conditional loosening of the Medicaid purse strings. "Buy a state-approved long term care policy, and Medicaid in your state could offer backup protection (with certain qualifications)," says Brie.
"We see more and more states implementing these promotional and support programs," Brie continues, "and the public is responding." Participating states now include Virginia, Iowa, Minnesota, Rhode Island, and Florida, "and we expect most states to climb on the bandwagon," he predicts. To handle the increased public demand, LTCFP has expanded from fewer than 100 agents in 2005 to more than 400 today.
Why are states promoting the private insurance? Any why are they offering financial carrots for participation? "It's simple," Brie explains. "There are 77 million baby boomers nearing retirement with predictable periods of incapacity. The states just can't foot the bill for all that nursing home or in-home care. They'd go broke. So they're encouraging people to protect themselves through the private sector."
How does one sign up for a partnership-approved long term care policy? "You can't do it through just any insurance agent," says Brie. "Each partnership state certifies a number of reputable insurance carriers and agents to represent their program in their particular state. At LTCFP we have more state-partnership-certified agents than any other brokerage specializing exclusively in the long term care field. In fact, some of our agents have been qualified to guide other agents through the certification processes."
Brie is a key source of information in New York as well as nationally; he may be reached at 212-799-3900 or http://www.ltcfp.us/RonBrie .
Ron Brie is a Master Long Term Care Insurance Specialist, licensed in the states of New York, New Jersey, and CT. Ron has been specializing in Long Term Care insurance since 1991. His first year in the industry, Ron was awarded “Rookie of the year”. Followed, by achievements such as five time member of the “Presidents club” (with over a three million dollar book of business).
Most currently ranked as #11 nationally, among all Long Term Care insurance sales professionals. As a career specialist in the field of Long Term Care insurance, Ron speaks actively in the community. He provides educational, informative programs to civic and professional organizations. He also assists estate planners, financial advisors, attorneys and accountants in helping solve their clients’ Long Term Care needs.
Ron Brie played an active role with the Board of Directors for the NY City Chapter of the Alzheimer Associations, and is currently on the Board of Directors for LTC Financial Planners. Ron attended Queens College in Queens, NY and currently resides in the city of Manhattan, NY. In addition to his dedication to his family, friends and career in selling Long Term Care insurance, Ron is a 4th Degree Black belt and devoted student of the Martial Arts.
MEDIA CONTACT:
Dick Samson of EraNova Institute for LTC Financial Partners - 973-335-3699 – media@eranova.com
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