Long-Term Care Insurance 2024 Tax Deductible Limits Announced

The IRS has announced decreased tax-deductible limits for long-term care insurance for 2024 according to the American Association for Long-Term Care Insurance. “This is a significant change in practice after yearly increases,” states Jesse Slome, director of the American Association... - November 15, 2023 - American Association for Long-Term Care Insurance

Long-Term Care Insurance Association Makes Awareness Month Banners Available

Banner artwork for agents to use to promote Long-Term Care Awareness Month (November) is being made available by the American Association for Long-Term Care Insurance. “This marks the 22nd anniversary for the event that we established to generate heightened awareness among both consumers and... - November 08, 2023 - American Association for Long-Term Care Insurance

Powers Insurance & Risk Management Hires Giovanni Favazza

Favazza named Commercial Lines Risk Management Advisor at one of St. Louis' largest family-owned insurance agencies. - July 13, 2023 - POWERS Insurance & Risk Management

Powers Insurance & Risk Management Promotes Drew Jaboor

Jaboor to provide computer and software networks support for one of St. Louis' largest family-owned insurance agencies. - May 11, 2023 - POWERS Insurance & Risk Management

2023 Linked Benefit Long-Term Care Insurance Prices Up to 15% Lower Reports AALTCI

Good news for consumers considering long-term care insurance protection. Costs for linked benefit long-term care policies are generally between 10 and 15 percent lower than a year ago according to the annual price index released today by the American Association for Long-Term Care Insurance... - March 09, 2023 - American Association for Long-Term Care Insurance

2023 Long-Term Care Insurance Price Index Released by AALTCI

Costs for long-term care insurance in 2023 show little change from the prior year according to the annual price index released today by the American Association for Long-Term Care Insurance (AALTCI). "Premiums for buyers are virtually identical to last year; some are actually slightly... - March 08, 2023 - American Association for Long-Term Care Insurance

Long-Term Care Insurance Paid Claims Grow in 2022 Reports AALTCI

Long-term care insurance companies paid out a record $13.25 Billion in 2022 according to the American Association for Long-Term Care Insurance (AALTCI). “Claim benefit payouts for policyholders with traditional long-term care insurance coverage grew from $12.3 Billion in 2021,” reports... - February 17, 2023 - American Association for Long-Term Care Insurance

2023 Overseas Adventure Travel Discount Offer Announced by AALTCI Director

A special $1,000 savings has just been promoted to insurance agents and advisors by the American Association for Long-Term Care Insurance. According to Jesse Slome, director of the AALTCI, the special coupon code will enable those booking new land tours or cruises to receive a $1,000 credit. The... - February 13, 2023 - American Association for Long-Term Care Insurance

Long-Term Care Insurance Association Renews MDRT Discount Membership Offer

A special discount for agents joining or renewing their Million Dollar Roundtable membership has been renewed for 2023 by the American Association for Long-Term Care Insurance. "The best way to grow long-term care insurance market penetration in the United States is to have as many passionate... - January 22, 2023 - American Association for Long-Term Care Insurance

Impact of Secure Act and Long-Term Care Insurance Provisions Discussed

The SECURE Act 2.0 was signed into law on December 29, 2022. According to the American Association for Long-Term Care Insurance one provision contained within the new measure benefits those considering the purchase of LTC insurance. “Any legislative action designed to make long-term care... - January 13, 2023 - American Association for Long-Term Care Insurance

Sallop Insurance Inc. Announces the Promotion of Kim Berendt to Assistant Vice President Effective 1/2/2023

Sallop Insurance Inc., a premier insurance brokerage firm in Boston, MA, with over 60 years of experience working in Miscellaneous Healthcare Facilities, Organ and Tissue Procurement/Processing organization(s) and Medical Device Manufacturers, is pleased to announce that Kim Berendt has been... - January 11, 2023 - Sallop Insurance Inc.

Powers Insurance & Risk Management Hires New Producer

Scott Reed brings more than 20 years of insurance experience to one of St. Louis' largest family-owned insurance agencies. - January 06, 2023 - POWERS Insurance & Risk Management

Powers Insurance & Risk Management Appoints Commercial Account Manager

Rachel Poteet brings vast sales and management experience to one of St. Louis' largest family-owned insurance agencies. - December 21, 2022 - POWERS Insurance & Risk Management

Powers Insurance & Risk Management Hires Commercial Risk Manager

Keith Goode will handle commercial accounts in Colorado for one of St. Louis' largest family-owned insurance agencies. - December 17, 2022 - POWERS Insurance & Risk Management

Long-Term Care Insurance Rate Increase Data Shared by Association

Updated information focused on long-term care insurance rate increases has been shared by the American Association for Long-Term Care Insurance. "Inflation is not the cause of rate increases," cites Jesse Slome, director of the organization. “There are a variety of factors that... - November 10, 2022 - American Association for Long-Term Care Insurance

Long-Term Care Insurance Association Provides Free Awareness Month Banners

National Long-Term Care Awareness Month (November) kicks off next week. To help insurance professionals create awareness the American Association for Long-Term Care Insurance is releasing a series of social media banners. "A grassroots effort focused on consumers is vital and that’s why... - October 29, 2022 - American Association for Long-Term Care Insurance

Powers Insurance & Risk Management Receives National Recognition

St. Louis' largest family-owned insurance agency named Midwest's "Best Agency to Work For" by Insurance Journal. - October 24, 2022 - POWERS Insurance & Risk Management

Increased Long-Term Care Insurance Tax Deductible Limits Reported by AALTCI

Increased tax-deductible limits for long-term care insurance have been announced for 2023 according to the American Association for Long-Term Care Insurance. “One of the little-known benefits for certain long-term care insurance is the ability to deduct some or all of the cost during... - October 20, 2022 - American Association for Long-Term Care Insurance

Long-Term Care Insurance Association Releases Awareness Month Logo

November is national Long-Term Care Awareness Month. To support insurance professionals using the month to create awareness, the American Association for Long-Term Care Insurance has released the 2022 LTCAM banner. "The month was established in 2001 to create heightened awareness of the... - October 19, 2022 - American Association for Long-Term Care Insurance

Powers Insurance & Risk Management Promotes Chris Sullivan

Sullivan named Commercial Practice Leader for one of St. Louis' largest family-owned insurance agencies. - October 01, 2022 - POWERS Insurance & Risk Management

Long-Term Care Insurance Sales Will Benefit from Legislation Moving Forward Predicts AALTCI

The just released final text of the Enhancing American Retirement Now (EARN) Act maintains the positive feature that will increase sales of long-term care insurance predicts the American Association for Long-Term Care Insurance. "The bipartisan measure passed the Senate committee in June and... - September 10, 2022 - American Association for Long-Term Care Insurance

Powers Insurance & Risk Management Hires Three New Team Members

Sierra Brown, Maggie Stringer, and Crystal Swanigan join one of St. Louis' largest family-owned insurance agencies. - August 31, 2022 - POWERS Insurance & Risk Management

Powers Insurance & Risk Management Hires Husband-and-Wife Insurance Team

Mark and Deanna Sherman join one of St. Louis' largest family-owned insurance agencies. - July 29, 2022 - POWERS Insurance & Risk Management

Long-Term Care Insurance Association Offers Claims Problem Assistance

Consumers with questions regarding their long-term care insurance claims are being assisted as part of a new initiative undertaken by the American Association for Long-Term Care Insurance. "People who purchased long-term care insurance years ago are starting to need benefits and starting to... - July 28, 2022 - American Association for Long-Term Care Insurance

Long-Term Care Insurance Applicants Skew Younger Due to Washington Program Reports AALTCI

Ages when individuals purchased long-term care insurance dropped in 2021 according to Jesse Slome, director of the American Association for Long-Term Care Insurance. "The change can be fully attributed to the fact that younger people in the State of Washington applied in record numbers in... - July 20, 2022 - American Association for Long-Term Care Insurance

Nearly Half of Oldest Long-Term Care Insurance Applicants Are Declined by Insurers Reports AALTCI

Nearly half of individuals who apply for traditional long-term care insurance after age 70 have their applications declined by an insurer according to Jesse Slome, director of the American Association for Long-Term Care Insurance. "Consumers simply are not aware of the need to health-qualify... - July 17, 2022 - American Association for Long-Term Care Insurance

Powers Insurance & Risk Management Promotes Tim Davis to COO

Davis to also serve as Chief Operating Officer for sister company Valley Insurance Agency Alliance. - June 03, 2022 - POWERS Insurance & Risk Management

Consumer Actions Following Long-Term Care Insurance Premium Rate Increases Reported by AALTCI

The overwhelming majority of consumers experiencing a premium increase on their long-term care insurance chose to pay the higher premium. The findings of a new analysis were released today by the American Association for Long-Term Care Insurance. "Between 50 and 60 percent of policyholders... - May 18, 2022 - American Association for Long-Term Care Insurance

Hybrid Long-Term Care Insurance Tips for Business Owners Shared by AALTCI

A new video shares tips for business owners considering hybrid long-term care insurance. Posted by the American Association for Long-Term Care Insurance, the video focuses on ways to maximize the tax-deductible benefits. "Business owners continue to overlook some of the enormous tax... - May 06, 2022 - American Association for Long-Term Care Insurance

Long-Term Care Insurance Association Launches Linked-Benefit Video Library

An online video library focused on linked-benefit long-term care insurance has been launched by the American Association for Long-Term Care Insurance. “Around half of the consumers phone calls we currently receive involve questions about linked benefit long-term care insurance... - April 16, 2022 - American Association for Long-Term Care Insurance

Long-Term Care Insurance Options After Age 75 Explained by Association

New information will educate individuals age 75 or older who are considering long-term care insurance. theAmerican Association for Long-Term Care Insurance will assist consumers seeking information and comparisons of leading linked-benefit long-term care insurance. "We regularly hear from... - April 14, 2022 - American Association for Long-Term Care Insurance

2022 Linked-Benefit Long-Term Care Insurance Price Index Released by Association

The first price index comparing leading linked-benefit long-term care insurance costs and benefits was released today by the American Association for Long-Term Care Insurance. "With linked-benefit policies now outselling traditional long-term care insurance, consumers are requesting more... - April 06, 2022 - American Association for Long-Term Care Insurance

Long-Term Care Insurance Association Launches New Linked Benefit Resource Center

A new online resource center focused on linked benefit long-term care insurance has been launched by the American Association for Long-Term Care Insurance. "Linked benefit long-term care insurance is now the favored choice of consumers buying protection," states Jesse Slome, director of... - April 01, 2022 - American Association for Long-Term Care Insurance

Powers Insurance & Risk Management Promotes Two Team Members

St. Louis' largest family-owned insurance agency advances Kate Murphy and Shari Smith. - March 30, 2022 - POWERS Insurance & Risk Management

Medicare Pays More for Long-Term Care Reports Association

Medicare paid $28.1 billion for skilled nursing facility services in 2020. The information was shared today by the director of the American Association for Long-Term Care Insurance. “The latest information from the just-published report to Congress reveals some important information worth... - March 20, 2022 - American Association for Long-Term Care Insurance

Powers Insurance & Risk Management Adds Two Team Members

Kelly McDowell and Kaylee Rucker join St. Louis' largest family-owned insurance agency. - March 19, 2022 - POWERS Insurance & Risk Management

Long-Term Care Insurance Association to Launch New Claims Resource Center

A new Long-Term Care Insurance Claims Resource Center is being launched by the American Association for Long-Term Care Insurance. "We are receiving an increased number of questions from consumers and hearing from more family members who are having difficulty getting claims approved for their... - February 18, 2022 - American Association for Long-Term Care Insurance

Banking Industry Veteran, Gerard “Jerry” Colaluca, Joins MB Schoen & Associates as Chief Bank Strategist

MB Schoen & Associates, Inc., (“MBSA”) a leading institutional insurance consultancy, is pleased to announce that Gerard “Jerry” Colaluca, a well-respected, 35-year banking industry veteran, has joined the firm as Senior Vice President, Chief Bank Strategist. Jerry will... - February 09, 2022 - MB Schoen & Associates, Inc.

Powers Insurance & Risk Management Hires Surety Underwriting Executive

Kari Hohn brings more than 15 years of experience in client management and customer service. - February 05, 2022 - POWERS Insurance & Risk Management

Nursing Home Care Expenditures to Grow Reports Long-Term Care Insurance Association

Out-of-pocket paid expenditures for nursing care facilities will grow significantly in the years ahead according to the American Association for Long-Term Care Insurance. "Total national expenditures are predicted to grow to $266.2 billion by 2028," states Jesse Slome, director of the... - February 05, 2022 - American Association for Long-Term Care Insurance

2022 Short-Term Care Insurance Consumer Primer Posted by Association

An educational primer describing short-term care insurance and 2022 pricing examples has been released by the American Association for Long-Term Care Insurance. "Short-term care insurance is one of the best kept secrets for men and women who have issues when it comes to long-term care... - January 26, 2022 - American Association for Long-Term Care Insurance

Long-Term Care Insurance Claims Paid Data Shared by Association

An analysis of over 5,000 long-term care insurance found that 80 was the mean age at time of claim according to the American Association for Long-Term Care Insurance. "People understand why they may need long-term care insurance," states Jesse Slome, director of the American Association... - January 23, 2022 - American Association for Long-Term Care Insurance

2022 Long-Term Care Insurance Price Index Released by AALTCI

The annual price index for new long-term care insurance policies was published today by the American Association for Long-Term Care Insurance (AALTCI). “Prices for new long-term care insurance have remained stable,” reports Jesse Slome, AALTCI’s director. The annual report... - January 07, 2022 - American Association for Long-Term Care Insurance

Home Care Provider Ad Opportunities Announced by Long-Term Care Insurance Association

National and regional home care services are being offered a special opportunity to reach consumers via the American Association for Long-Term Care Insurance’s website. "The vast majority of consumers want and receive long-term care in their own home,” explains Jesse Slome,... - January 05, 2022 - American Association for Long-Term Care Insurance

Association Extends Overseas Adventure Travel Discount Offer for 2022

The special discount offer program with leading tour organizers was extended for 2022 by the American Association for Long-Term Care Insurance (AALTCI). “We know that our members and seniors who like to travel also like to save,” says Jesse Slome, AALTCI’s director. “We are... - January 03, 2022 - American Association for Long-Term Care Insurance

Long-Term Care Insurance Claims Paid in 2021 Grow by $700 Million Reports AALTCI

The nation’s long-term care insurers paid out $12.3 Billion in claims during 2021. That represents a significant increase over prior years according to the American Association for Long-Term Care Insurance (AALTCI). “Take note if you doubt the value of long-term care insurance... - December 29, 2021 - American Association for Long-Term Care Insurance

Long-Term Care Insurance Top-10 States Reported by AALTCI

California remains the state with the most individuals covered by a long-term care insurance policy according to the latest data shared by the American Association for Long-Term Care Insurance. “Just over 600,000 Californians have a traditional long-term care insurance policy,” cites... - December 22, 2021 - American Association for Long-Term Care Insurance

Washington’s Long-Term Care Insurance Program Put on Hold

The Washington State long-term care program was put on hold today according to information shared by the American Association for Long-Term Care Insurance. “Governor Inslee and the state’s legislative leaders agreed to delay the WA Cares payroll tax on employees,” shared Jesse... - December 19, 2021 - American Association for Long-Term Care Insurance

Top Long-Term Care Insurance Companies Shared by AALTCI

The nation’s 10 largest long-term care insurance companies have over 73 percent of all covered lives according to the American Association for Long-Term Care Insurance. “A relatively few companies account for the majority of in force policies,” reports Jesse Slome, director of... - December 17, 2021 - American Association for Long-Term Care Insurance

AALTCI Reports Long-Term Care Insurance Claims Probability for Men

A 65-year-old man who lives to age 90 faces a 51 percent likelihood of needing long-term care according to the American Association for Long-Term Care Insurance. A woman living to age 90 faces a 58 percent likelihood. "Living a long life comes with the increased risk of needing long-term... - December 10, 2021 - American Association for Long-Term Care Insurance

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