When You Need Long Term Care, Don’t Look to Medicare, Agency Warns
Social Security Statement, Unread by Many, Recommends Private Long Term Care Insurance
KIRKLAND, Wash., Oct. 27 (SEND2PRESS NEWSWIRE) — “Many Americans assume that Medicare will cover their long-term care expenses,” says Cameron Truesdell, CEO of LTC Financial Partners LLC (LTCFP), one of the nation’s largest and most experienced long term care insurance agencies. “But it just isn’t so. The Government expects people to cover the expenses on their own — out of pocket or through long term care insurance.”
The Government’s position is plainly stated in the Social Security Statement, available online and sent in print form to Social Security recipients. “But not everyone reads the fine print,” Truesdell says. He recommends that everyone do so, at:
www.socialsecurity.gov/mystatement/sample4.htm.
The section titled “About Social Security and Medicare” reads as follows:
Social Security pays retirement, disability, family and survivors benefits. Medicare, a separate program run by the Centers for Medicare & Medicaid Services, helps pay for [...]
Original post by WP-AutoBlog Import