MidTerm Election Results Mean Status Quo on Long-Term Care

Posted on November 15, 2018 by Matt McCann

Retro Midterm Elections Vote - Election Pin Button / BadgeRadio, TV and the internet have been buzzing about the result of the midterm elections and what that really means in our everyday life.

When it comes to incentives from the federal government to help you plan for the financial costs and burdens of Long-Term Care not much should change.

Chances for additional tax advantages for those who own or are considering Long-Term Care Insurance plans have been reduced with the result of the federal mid-term elections giving the Democrats control of the US House with Republicans remaining in control of the US Senate.

“Democrats will most likely not pass any additional tax incentives or expand Health Savings Accounts in the House. This would have been a huge benefit for millions who wish to plan for the financial costs and burdens of longevity,” said McCann.

McCann said you may see efforts in the House for expansion of Medicare to include some long-term care benefit or one-payor health care. However, these efforts will not see the light of day in the Senate as they actuarially would bust the budget with the high costs for these proposals.

There are, however, existing incentives for people to plan in advance for the impact Long-Term Care has on savings and family members. Federal, and in some states, state tax incentive exist for some people.

Plus 45 states offer Long-Term Care Partnership policies which provide additional dollar-for-dollar asset protection. These very affordable policies can provide your loved ones with peace-of-mind. Being a caregiver is not easy on your family and paid care drains savings and adversely impacts income and lifestyle.

Read more here: https://www.expertclick.com/NewsRelease/MidTerm-Election-Results-Mean-Status-Quo-on-LongTerm-Care,2018164429.aspx

The bottom line is the risk of needing some type of long-term care service is high. Longevity increase our risks be it needing help with activities-of-daily living or supervision due to cognitive decline.

Act before you retire and take advantage of low premiums and many options which are available to consumers, especially in their 40s and 50s.

Get FREE Long-Term Care Insurance quotes: www.mccannltc.net/free-quotes

Read more about long-term care, health and retirement planning: www.ltcnews.com

Find the cost of long-term care services and the availability of tax incentives and partnership plans by finding your state here: https://www.ltcnews.com/resources/state-information

Long-Term Care Insurance is easy, affordable and rate stable income and asset protection.

About Matt McCann

Matt McCann is recognized as a leading Long Term Health Care (LTC) specialist. Since 1998, Matt has been a national leader in finding solutions for the physical, emotional and financial burdens LTC places on American Families. He has been recognized by the American Association for Long Term Care Insurance as one of the top specialists in the country. In 2015 he was listed among the top ten specialists in LTC planning in the nation. He has also worked in sales management for two of the leading organizations marketing LTC products. He served as Director of Business Development for ACSIA LTC and Senior Vice President/Sales for LTC Financial Partners. Many of his agents have been among the top LTC specialists in the industry. Matt's divisions have also led in an innovative webinar approach which allows agents to use screen sharing software so prospects can see the agent's desktop. Matt's proven areas of success include sales coaching, training and motivation in additional to being an experienced LTC specialist. He has produced results in total production, placement rates and lead efficiency. Matt is known for years of experience leading creative efforts for agent meetings and sales promotions which drove results for both agents and consumers. He is now focused on helping consumers find affordable solutions so they can protect their assets and never be a burden on family and loved ones. He specializes in LTCi, Critical Care and Asset Protection products. Matt also coaches individual agents throughout the country helping them improve their processes to help more consumers. Matt is also known as an effective public speaker on LTCi and LTC issues as well as sales motivation. He appears on radio and TV programs and is available for bookings. Because of his schedule an advance notice is always requested. Prior to dedicating his life to LTC, Matt was a well known radio station manager and personality, He worked at radio stations throughout the country He may be best known for as legendary Chicago radio personality Larry Lujack's co-host when Lujack came back out of retirement years ago. Matt can be contacted by email at http://mccannltc.net/ or by phone at 866-751-7957. You can follow Matt on Twitter: @mccannltc - https://twitter.com/mccannltc
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