Families Urged To Discuss Long Term Care Planning Over ThanksgivingThanksgiving weekend is one of the few times during the year when several generations of family members gather and is the ideal time to discuss important topics.
"As Americans live longer lives, it is more vital than ever for families to address vital issues including long term care planning," explains Jesse Slome, executive director of the American Association for Long-Term Care Insurance http://www.aaltci.org. The national trade group established November as Long Term Care Awareness Month in 2001 with the goal of encouraging discussions between generations. "Even a few minutes to cover some key issues can avoid years of family stress and angst," Slome notes.
The Association's studies have found that too few families discuss the issue prior to the time when an actual need for care arises. "There are a multitude of topics such as making an elderly family member's home safer to avoid falls," Slome notes. "An elderly person's preference for location of care is also essential as some wish to remain at home while others might prefer to move in with an adult child."
Some eight million American seniors now own long-term care insurance according to the Association. "I often refer to it as the 'silent purchase' because few aging parents tell their adult child they have this protection in place."
Should an aging parent need long-term care, they might not be in the physical or mental condition to tell their family member about the insurance policy which would provide benefits. "We do get calls from family members who find policies years after their parent has passed away and wonder if they can collect any benefits," Slome adds. "Regrettably, at that point it's too late."
Slome urges families who have purchased long term care insurance to discuss where they keep such records with their adult children. "Thanksgiving is a time to enjoy being with family," Slome adds. "But a few minutes of serious conversation will not interfere with the celebration and can avoid so many costly and emotionally devastating problems down the road."
The American Association for Long-Term Care Insurance http://www.aaltci.org is the national trade organization focused on educating individuals about the importance of long-term care planning. The Association's Consumer Information Center was voted the #1 source for information by consumer interest group rating and can be accessed at http://www.aaltci.org/long-term-care-insurance.
American Association for Long-Term Care Insurance
3835 E Thousand Oaks Blvd Westlake Village, CA 91362
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Families Urged To Discuss Long Term Care Planning Over Thanksgiving here
News-ID: 201854 • Views: 1472
More Releases from Association Marketing
40 Sessions Set For Association's Virtual Long Term Care Insurance Conference
An extensive program focused on the marketing and selling of long term care insurance and hybrid long term care solutions has been set for the American Association for Long Term Care Insurance's 2014 national conference. "In addition to the several hundred who will be attending the actual event, we expect several thousand insurance agents and financial advisors will be viewing sessions broadcast live from the LTC Summit," announced Jesse Slome, executive
Millennials Confused About Long Term Care Insurance Planning
A marked increase in requests for information and price quotes for long term care insurance by individuals born starting with the early 1980s is the result of confusion regarding the Affordable Care Act, also known as Obamacare. "We have seen a marked increase in the number of young men and women calling for and requesting online information pertaining to long term care insurance," cites Jesse Slome, executive director of the American
Long Term Care Insurance State Tax Deduction Guide Published
Long term care insurance premiums may be fully tax deductible for individuals and a growing number of states now offer deductions and even tax credits to those purchasing this important coverage. According to the American Association for Long-Term Care Insurance, the national trade organization, tax deductibility gives individuals and business owners one very important reason to consider ways to address future long term care needs. “Americans are living well into their 80s,
Increased Broken Bones Among Boomers Is Precursor Of Future Long-Term Care Needs
A new study suggests that the number of baby boomers visiting hospital emergency rooms for broken arms could rise by nearly a third by 2030. That is when the youngest baby boomers will have just turned 65. The scientists reported that 370,000 cases of fractures in the humerus bone of the upper arm occur each year in both the United States. While younger individuals between the ages of five
More Releases for Slome
Significant Cuts To Medicare Nursing Home Payments Set
Under a corrective proposal issued by the federal government last week, Medicare payments to nursing homes would be trimmed by 11.1% beginning October 1 according to Jesse Slome, executive director of the American Association for Long-Term Care Insurance. Slome noted that the reduced funding was the result of a finding that revealed nursing home care providers have been paid more than $2 billion above federal projections since a new payment system
Critical Illness Insurance Association Launches New Consumer Education Website
Some 1.5 million Americans will be diagnosed with cancer this year and over 785,000 will have a first heart attack. Most will survive however significant illnesses are now the leading cause of financial hardship and bankruptcy. "Most people today survive cancer, heart attacks and strokes, but you can not say the same for their finances," declares Jesse Slome, executive director of the American Association for Critical Illness Insurance http://www.criticalillnessinsuranceinfo.org the
Voices.com Will Host Voice Over Demonstration Booth at SLOME 2011
Voices.com will be setting up an interactive display booth at the Skills London Oxford Middlesex Elgin (SLOME) event for London, ON area students. SLOME is presented by the Elgin Middlesex Oxford Workforce Planning and Development Board on Monday May 11 from 8:00am - 3:30pm at the Western Fairgrounds, Agriplex Building. Visitors to the Voices.com booth will have the opportunity to test-drive what it’s like to be a voice actor by participating in
New Long-Term Care Insurance Brochure Explores Claims Data
Eight million Americans currently own long-term care insurance and on any give day, roughly 150,000 are receiving claim payments for qualifying care. A new brochure published by the American Association for Long-Term Care Insurance http://www.aaltci.org provides a meaningful and current look at long-term health care insurance claims. "So much has been written regarding the reasons to purchase this important protection," explains Jesse Slome, executive director of the national trade group. "But
Free Insurance Sales Training Launched By Critical Illness Insurance Trade Group
There's really no explanation why critical illness insurance sales continue to lag in the U.S., declares Jesse Slome, executive director of the American Association for Critical Illness Insurance http://www.criticalillnessinsuranceinfo.org. According to Slome, the protection first introduced in 1983 now sells well in 54 other countries worldwide. "There are over 65 million Americans between the ages of 30 and 49, creating an enormous opportunity for the sale of critical illness insurance
Free Long-Term Care Insurance Cost-Reducing Guide Offered By Trade Group
The nation's leading health and aging experts predict that the number of individuals needing the type of care categorized as long-term care will explode in the next decade. "You have 76 million baby boomers who are just starting to turn 65," explains Jesse Slome, executive director of the American Association for Long-Term Care Insurance www.aaltci.org, the leading industry trade organization focused on educating Americans on how to plan for the looming