FL, CT, and HI look to long term care benefit plans to offset Medicaid costs Joining Connecticut and Florida, Hawaii is the latest state to pass a study bill establishing a task force and timeframe to examine the conversion of life insurance policies into Long Term Care Benefit Plans. With states facing enormous fiscal pressures and ballooning Medicaid budgets, they are all looking for private market solutions to help extend peoples' ability to remain private pay in long term care for as long … [Read more...]

LIFE CARE FUNDING GROUP APPLAUDS THE FLORIDA LEGISLATURE FOR PASSING LIFE INSURANCE POLICY CONVERSION STUDY BILL   Study Bill will examine tax dollar savings from converting life insurance policies into long term care benefit plans for Medicaid eligibility  (March 12, 2012)— Life Care Funding Group congratulates the Florida legislature for passing HB 5001 during the 2012 legislative session; thereby establishing a taskforce and timeframe to examine the cost savings for Florida tax payers … [Read more...]

KIRKLAND, WA, November 21, 2011 (SEND2PRESS NEWSWIRE) This month the 3in4 Association added 6 new members to its advisory board, and got new support from two insurance carriers:  John Hancock and Genworth Financial. “We’re gaining momentum,” says Mark Goldberg, Treasurer of the association that runs the “3 in 4 Need More” campaign. The goal of the campaign is to warn Americans about a looming problem. “The majority will be affected at some point by long-term care needs of … [Read more...]