National Long-Term Care, Medicaid expert to speak at OneAmerica National Education Conference
Contact:
Beth King, APR, Media Relations Manager
(317) 285-4168 or beth.king@oneamerica.com
For Immediate Release:
Indianapolis (Sept. 19, 2008) –The State Life Insurance Company, a OneAmerica® company, is pleased to join forces with Center for Long-Term Care Reform President Stephen Moses, Wednesday, Oct. 1 for a frank discussion on long-term care funding. The event, which takes place at 2:55 p.m. in Room 104 of the Indiana Convention Center, coincides with the OneAmerica 2008 National Education Conference that brings together more than 700 financial professionals from across the country to Indianapolis for three days of networking and continuing education.
During his address, Moses will discuss the financial crisis surrounding long-term care funding and innovative products available to seniors that can potentially curtail the high costs associated with long-term care.
“With the recent Pension Protection Act (PPA) and Deficit Reduction Act passing into law, the federal government is sending two clear signs that consumers need to plan for their own long-term care funding situation,” said Bruce Moon, vice president of marketing for State Life. “Now that we have products designed to comply with the PPA, we’re going one step further by educating others using solutions to a very real problem that could likely affect them or a loved one in their senior years.”
Moses will be in Indianapolis to promote the 2008 National LTC Consciousness Tour, an effort to alert legislators, media and consumers across the country about the looming crisis in paying for custodial care for seniors. He’s testified before Congress, state Legislatures and spoken to other prominent groups. He is touring the country to spread a grassroots message about long-term care reform from his Airstream trailer, dubbed "The Silver Bullet of Long-Term Care."
The Centers for Medicare and Medicaid Services estimate that more than $140 billion is spent annually on long-term care, excluding donated services. As baby boomers become seniors, this number will rise with increased pressure on government-funded nursing home employees who will be expected to do more with less funding.
“Who will pay for them?” asks Moses. “What will this mean when your parents need care or when you do? Will the taxpayers of America take on this burden? There’s a better way to prepare, personally and as a society. I’ll discuss the long-term care financing system in this country, how it became broken and what we can do to fix it.”
About Center for Long-Term Care Reform
Through frequent speeches to national audiences, hard-hitting reports, and its popular "LTC Bullets" online newsletter, the Center for Long-Term Care Reform quickly has become the pre-eminent advocate for a rational and financially viable long-term care financing system. The Center is dedicated to ensuring quality long-term care for all Americans, and knows that time is running out to fix long-term care financing policy before it's too late to help the baby boomer generation.
Steve Moses’s message drives home the fact that public programs, which dominate LTC funding today, have set aside nothing for the future long-term care claims of the baby boomer generation. Private insurance and home equity, which are both logical solutions, have been ignored by baby boomers and policymakers. Something has to be done, and Steve Moses is dedicating the year to spreading the word and encouraging action.
For more information about the Center for Long-Term Care Reform, please call Moses at (425) 891-3640 or e-mail smoses@centerltc.com.
About State Life
The State Life Insurance Company, a OneAmericaâ company, is focused on providing asset-based long-term care solutions. State Life is a recognized leader in providing these solutions, which utilize life insurance, fixed interest deferred and immediate annuities. The company’s extensive Care Solutions portfolio of products helps consumers build a secure future by creating, leveraging and protecting their assets.
About OneAmerica
OneAmerica Financial Partners, Inc., is headquartered in Indianapolis, IN. The companies of OneAmerica® can trace their solid foundations back more than 130 years in the insurance and financial services marketplace.
OneAmerica’s nationwide network of companies offers a variety of products to serve the financial needs of their policyholders and other clients. These products include retirement plans, products and services; individual life insurance, annuities, long-term care solutions and employee benefits. The goal of OneAmerica is to blend the strengths of each company to achieve greater collective results.
The products of the OneAmerica companies are distributed through a network of employees, agents, brokers, and other distribution sources that are committed to maximizing value to our policyholders by helping them plan to meet their financial goals.
We deliver on our promises when customers need us most.
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Note to reporters: To cover the Oct. 1 event, please call OneAmerica Media Relations Manager Beth King, APR at (317) 285-4168. To schedule personal interviews with Moses, please call (425) 891-3640.
