Los Angeles, CA, January 15, 2013 --(PR.com
)-- The new federal commission being established to develop recommendations for dealing with the national long term care crisis will hopefully develop realistic and adoptable solutions. That is the aspiration of a leading expert on long term care insurance.
"The American people deserve realistic options and solutions not just more rhetoric," declares Jesse Slome, executive director of the American Association for Long-Term Care Insurance, the national trade group. "Let's hope they pull together the nation's experts rather than just political hacks seeking a chance to pontificate on behalf of their own vested interest," Slome added addressing his concerns to insurance professionals this past week.
The private long term care insurance industry is supposed to have a place at the table, Slome acknowledged. "There are some who misrepresent the role private insurance plays and should continue to play in the future," Slome notes. "No one that I know believes private long term care insurance is the universal solution for the nation because we have millions of people who can not afford or health qualify for protection. Even if the Commission recommends a national taxpayer paid-for long term care program as exists in some other countries, there will be a place for private insurance by those who do not want to depend on whatever government benefits may be available."
Asked what advice Slome would have for those appointed to the new federal Commission, his advice would include addressing better definitions of what Medicare covers in coordination with the upcoming efforts to control exploding Medicare expenditures. "Medicaid eligibility needs to be addressed so that affluent people who can afford care or pay for insurance stop abusing a system intended for the truly needy," Slome adds, "and, of course we need far more education of the public so that planning for long term care becomes is as important as planning for retirement."
Established in 1998, the Los Angeles, CA-based American Association for Long-Term Care Insurance is the national association serving insurance and financial professionals who provide long-term care financing solutions.