Recent Headlines
Washington Voters Pivotal to Long-Term Care Insurance Future
Washington State became the first state with a mandatory public long-term care insurance program for workers. Workers began seeing monies deducted from their paycheck in July 2023. This November, workers along with all Washington State voters, will have the opportunity to vote on continuing or... - April 27, 2024 - American Association for Long-Term Care Insurance
Powers Insurance & Risk Management Hires Mike Blankenship
Commercial Lines Account Manager has nearly 10 years of insurance experience. - April 18, 2024 - POWERS Insurance & Risk Management
ShelterPoint to Become Part of Protective
Acquisition will position New York’s leading carrier1 of statutory Short-Term Disability insurance (DBL) and Paid Family Leave for long-term growth. - April 09, 2024 - ShelterPoint
ShelterPoint Announces Leadership Succession
As Richard White transitions to Executive Chairman of the Board, Leston Welsh steps up as CEO of ShelterPoint. - April 04, 2024 - ShelterPoint
Powers Insurance & Risk Management Hires Josh Steinkoetter
Commercial Lines Sales Account Executive brings 20 years of experience to the agency. - March 29, 2024 - POWERS Insurance & Risk Management
Report: Three Long-Term Care Insurance Companies Grew Over Past Decade
Three long-term insurance companies increased the number of covered lives over the past 10 years according to data reported today by the American Association for Long-Term Care Insurance. “Mutual of Omaha, Northwestern Mutual and New York Life all reported more covered lives than a decade... - March 21, 2024 - American Association for Long-Term Care Insurance
Long-Term Care Insurance Association Releases 2024 Short-Term Care Price Index
A 65-year-old female seeking $55,000 of home care benefits would pay $65 in monthly premiums according to the 2024 Short-Term Care Insurance Price Index released today by the American Association for Long-Term Care Insurance. “Short-term care insurance is an increasingly viable option for... - March 20, 2024 - American Association for Long-Term Care Insurance
The Musuneggi Financial Group Adds Sarsfield as Senior Client Services Associate
Kerri J. Sarsfield joined The Musuneggi Financial Group as Senior Client Services Associate. Ms. Sarsfield brings 27 years of insurance operations, support, and design experience. She will work alongside firm President, Christopher S. Musuneggi and Senior Insurance Advisor, Sam Carlson. The addition continues the growth of the firm enhancing their commitment to holistic financial planning and elevated client service. - March 11, 2024 - The Musuneggi Financial Group
Insurance Agents Selling Annuity Products Have New Leveraged Long-Term Care Options
Agents who have senior clients with fixed annuities should consider converting those annuities into leveraged long-term care annuities suggests Jesse Slome, director of the American Association for Long-Term Care Insurance. Slome delivered a special presentation earlier today. “This is a... - March 06, 2024 - American Association for Long-Term Care Insurance
Long-Term Care Insurance Expert Shares Annuity Planning Strategy for Seniors
Seniors who own non-qualified annuities are an excellent prospect for agents marketing long-term care planning solutions suggests Jesse Slome, director of the American Association for Long-Term Care Insurance. “Millions of Americans make annuities part of their retirement strategy, and... - February 25, 2024 - American Association for Long-Term Care Insurance
U.S. Long-Term Care Insurance Companies Paid $14B in 2023 Claims
The nation’s long-term care insurance companies paid out a record $14.1 Billion to policyholders on claim in 2023. The data was revealed today in a new report from the American Association for Long-Term Care Insurance (AALTCI). “There were over 350,000 individuals who received claim... - January 25, 2024 - American Association for Long-Term Care Insurance
Long-Term Care Insurance Costs Remain Relatively Level for 2024
Costs for traditional long-term care insurance coverage are level compared to the prior year according to the 2024 Long-Term Care Insurance Price Index released today by the American Association for Long-Term Care Insurance. “In some cases, prices decreased a little compared to the prior... - January 22, 2024 - American Association for Long-Term Care Insurance
Sallop Insurance Inc. Announces the Promotion of Kara Reynolds to Assistant Vice President
Sallop Insurance Inc. a premier insurance brokerage firm in Boston MA, celebrating its 75th anniversary year in business serving the Healthcare Industry, is pleased to announce that Kara Reynolds has been promoted to Assistant Vice President. Kara began her career at Sallop 17 years ago as a... - January 18, 2024 - Sallop Insurance Inc.
Linked Benefit Long-Term Care Insurance Prices Drop Up to 27 Percent
Costs for linked benefit long-term care insurance coverage are lower than a year ago according to the 2024 Long-Term Care Insurance Price Index released today by the American Association for Long-Term Care Insurance. “Great news for aging individuals who are thinking about their risk of... - January 11, 2024 - American Association for Long-Term Care Insurance
2024 Long-Term Care Insurance Price Index Published
The annual Long-Term Care Insurance Price Index was pre-released today by the American Association for Long-Term Care Insurance. “People have many misconceptions about long-term care insurance and we post data to help them better understand what can be a confusing topic,” states Jesse... - December 29, 2023 - American Association for Long-Term Care Insurance
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