for eMaxHealthLong term care insurance, which protects families from catastrophic loss, may be right for some Americans, but not others. How can you tell if it's right for you, a family member, or (if you run a business) your employees? Starting today, a new screening service from LTC Financial Partners promises to give a quick answer - in as little as four minutes on the phone. Performed by state-certified specialists, the screening works this way:
The consumer or employer makes an online request for a telephone appointment with a long term care insurance expert who is familiar with regulations in the individual's state. The by phone screening process involves three steps:
STEP 1 (about four minutes): The expert determines which LTC category fits the family member or employee:
- Public assistance (person likely to qualify for Medicaid).
- Self-insurance (person has sufficient means to pay for care out of pocket).
- Private long term care insurance (person needs help to protect assets and lifestyle).
If long term care insurance is indicated, the screening process continues with steps 2 and 3, which explore eligibility, alternative carriers, and policy options including a range of benefits and costs.
STEP 2 (five-plus minutes): The expert determines whether the person is likely to meet minimum health requirements for insurability. If yes, the expert estimates the cost of coverage after available tax breaks.
STEP 3 (nine-plus minutes): The expert explores a wide range of policy options to find the best fit for the individual's situation. While asking questions, he or she accesses a national database of insurance carriers, policies, and legislation. Through a computer analysis based on state of residence and other criteria, a ranking is formed and two or three alternative solutions are developed, which may include policies from Allianz, MetLife, MedAmerica, Prudential, John Hancock, Physicians Mutual, Unum Provident, or other state-approved carriers.
The free screening and selection assistance may be requested at www.eranova.com/LTCFP/ltcfree-screening.htm
"This type of in-depth, professional help is very rare," says Cameron Truesdell, CEO of LTC Financial Partners. "It's not available for many other complex choices, such as selecting the right Medicare prescription drug plan. Where else can you talk with an impartial, seasoned specialist and quickly learn which carriers and benefits are most advantageous in your case?"
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