Chicago, IL (PRWEB) August 04, 2012
The Patient Protection and Affordable Care Act (Obamacare) was upheld by the Supreme Court on June 28. Many planning for their future are still scratching their heads trying to decipher how this affects long-term care insurance, which covers in-home, nursing-home, and assisted-living care expenses, which are scarcely addressed by regular insurance or Medicare.
The often crippling expense of long-term care is an issue that should be understood by anyone managing their finances and can be easily clarified by experts, according to three members of the Personal PR Forum (http://pprforum.ning.com/
) who offer answers by phone to any individuals or employers who wish to call.
“The best bet -- for any individual, family, company, or group -- is to talk with an LTCI specialist about their particular situation,” says Cheri Davis, a state-certified agent with the company. Davis recommends asking five key questions:
1. “Based on our health history, what are the chances any of us will ever need long-term care?”
2. “In our financial situation, is Medicaid a viable care option?”
3. “What are the pros and cons of relying on savings, life insurance, or reverse mortgages to pay for care?”
4. “In our case, following the court’s decision, how do federal and state laws affect tax breaks or other LTC-related benefits?”
5. “Given all the facts about us, is LTC insurance the best bet, and what does it cost?”
Robin Frank, a leading long-term care insurance agent in St. Charles, points out that not only families can benefit from a greater understanding of the issues surrounding possible long-term care needs, but individuals, organizations and employers should educate themselves as well.
Long-term care insurance specialist Bobbi Foster regularly works with individuals and groups from her offices in Oakland and is always happy to share information on this far-reaching topic with anyone who calls for information. “We’re glad to help them learn if this type of protection is right for them, and if it is, to find the best, most affordable policy for their situation,” Foster says.
For more information on how Obamacare impacts long-term care insurance, the following agents are happy to help anyone in Illinois and some other states:
Cheri Davis: (Chicago, IL) 773-531-0669, CheriDavis.net
Bobbi Foster: (St. Charles, IL) 630-513-0034, BobbiFoster.ltcfp.com
Robin Frank: (Chicago, IL) 773-774-2600, robinfrank.ltcfp.com
The Personal PR Forum (PPR Forum), a service of EraNova Institute, provides do-it-yourself public relations tools and resources for professional people, companies, and other organizations. PPR Forum specializes in supporting those focused on helping people and creating a better world. For information on membership, visit http://pprforum.ning.com