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How Federal and State Programs Are Affecting Long-Term Care Insurance
Course Information
Content Level: Intermediate
NAPFA Subject Area: B-Insurance & Risk Management
Course Description
Once again, the federal and state government is attempting to roll out a mandatory LTC benefit program paid for by worker contributions. The state of Washington announced their program earlier this year and with fast approaching deadlines, many are trying to learn what their contribution will actually pay for. Will the payroll tax in fact cover them during a long-term care event in the future, or is a private LTCI policy a better solution? We have heard from many sources that there are a dozen other states considering a similar type of program. It is important to read the fine print and do your homework, especially since 65% of Americans will need care in the future. We will walk you through Eligibility Requirements, Plan Costs and Benefits, Opting out options, Benefit Triggers, Employer responsibility, Private LTCI, and much more. Let us help you learn the pros and cons of this type of program by utilizing our decades of experience and expertise.
Learning Objectives
  1. Familiarize yourself with the approximate cost of care for Nursing Home, Facility and Home Health Care and how LTCI benefits help cover those costs.
  2. Determine if a government LTCI program offers your clients the best coverage to protect their assets when a long-term care event arises, or if private LTCI makes more financial sense
  3. Understand the key differences between Stand-Alone LTCI and Hybrid Asset-Based Life or Annuities with LTCI Riders and carrier funding options available.
Speaker
Brian Gordon 
Brian joined the family owned MAGA in 1990 and has since become a nationally known expert in Long Term Care Planning; developing and conducting programs for financial professionals, including CE courses, and educating clients on the vast LTCI options available.  Over the years, Brian has been recognized in the industry and by his peers as one of the top LTCI professionals.  He is often quoted in publications such as US News, Kiplinger, NAPFA Advisor Magazine and AARP just to name a few, and Terry Savage, Nationally Syndicated Financial Columnist, considers MAGA her go-to for all her readers.  Brian and his team at MAGA pride themselves on claims guidance and consultation, and provide education and assistance on Stand-Alone Traditional LTCI, Hybrid Life/LTCI and Annuities, Term and Whole Life and Medicare Supplements.
Summary
Availability: On-Demand
Expires on Dec 31, 2022
Initial Cost: Member: $39.00
Non-Member: $59.00
Additional Cost: CFP® CE: $10.00
Credit Offered:
1 NAPFA CE Credit
1 CFP® CE Credit
Contains: 2 Courses
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