New E-Book, Help on the Way, Explores <\/p>\n
Long-Term Health-Care Funding <\/p>\n
Chris Orestis, senior health-care advocate and CEO of Life Care Funding, (http:\/\/ebook.lifecarefunding.com\/<\/a>), has published a new free e-book, Help on the Way, which details the slowly unfolding crisis happening now in the United States: a Silver Tsunami of aging Americans with no way to pay for long-term care. <\/p>\n Since 2011, 10,000 baby boomers a day are turning 65 retirement age. But many dont have enough money to retire, much less to pay for long-term health care if they should require it. Theyre joining 40 million older seniors. <\/p>\n Unfortunately, as we age were more likely to suffer a disease or disability that requires daily care giving, which can be expensive, says Orestis, a former insurance industry lobbyist. Faced with that, many people cancel their life insurance policies in order to qualify for Medicaid or to save on premiums. <\/p>\n What I have been educating consumers for years about and address in my book is something that the insurance industry has kept secret for decades because they profit from the cancellations: Your policy can be used to pay for long-term health care such as home care, assisted-living or nursing home expenses. <\/p>\n Orestis, who has been lobbying state Legislatures to make the public aware of their legal right to use this option, says seniors can sell their policy for a substantial percent of its death benefit value and put the money into an irrevocable fund designated specifically for their care. <\/p>\n In Help on the Way, Orestis explains the legalities of a senior using their life insurance policy to stay in control of their care; facts about Medicare and Medicaid eligibility; the forms of care that can be covered; and dangerous liabilities that can affect unsuspecting families of seniors, among other topics. <\/p>\n About Chris Orestis <\/p>\n Chris Orestis, nationally known senior health-care advocate and expert is CEO of Life Care Funding, which created the model for converting life insurance policies into protected Long-Term Care Benefit funds. His company has been providing care benefits to policy holders since 2007. A former life insurance industry lobbyist with a background in long-term care issues, he created the model to provide an option for middle-class people who are not wealthy enough to pay for long-term care, and not poor enough to qualify for Medicaid. <\/p>\n <\/p>\n Read the original post:<\/p>\n Long-Term Health-Care Funding<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" New E-Book, Help on the Way, Explores Long-Term Health-Care Funding Chris Orestis, senior health-care advocate and CEO of Life Care Funding, (http:\/\/ebook.lifecarefunding.com\/<\/a>), has published a new free e-book, Help on the Way, which details the slowly unfolding crisis happening now in the United States: a Silver Tsunami of aging Americans with no way to pay for long-term care. Continue reading