Partnership Solution to Help Solve State Budget Crisis
(How to Make Medicaid Payer of Last Resort for Long-Term Care)
are suing the Federal government over the Medicaid expansion and that
is unprecedented. Medicaid is projected to consume more than a third of
state budgets in 20 years, and the driver of
that growth is long-term care.
34 years of experience in all phases of health care financing, Phyllis
Shelton has a solution that will take the burden off state budgets if
we act now to educate employers to offer public-private partnership
plans to all employees that will pay for
long-term care. Over 40 states
have these plans in place which ensure that the private sector pays
first for long-term care and Medicaid pays last, but they
don’t have the resources to get the word out.
Shelton believes the power of the media can make this happen by
educating employers to take the lead in offering this program and
employees to ask their employers to offer it. She can customize each
interview for local stations with the local impact of state budget
cuts, as states struggle to fund the escalating Medicaid costs. She
will also discuss the national
implications so that listeners will understand the action
employers can take that
nothing to help solve the
budget crisis. She is doing her part as a national trainer and
speaker by conducting a seven city tour to teach insurance
professionals how to help employers offer these plans easily. She can
do this because she has spent the last five years perfecting a process
that convinces 25 year old employees to participate in an
employer-sponsored Partnership long-term care insurance plan.
is in the vital self-interest of your audience to know these options as
many Americans are dealing with caregiving today and want to know what
to do so their children won’t have the same burden.
Planning for long-term care is perceived as a confusing topic, but with
her background, Phyllis Shelton can simply and with clarity present the
public-private partnership option to your audience in a way that they
will identify with the issue and understand the solution. Here is her
invitation to you to use her expertise to create a compelling
experience for your audience, loaded with practical information.
Medicaid is destroying state budgets like a computer virus.
States are cutting jobs and critical services like education to pay for
The biggest driver of Medicaid growth is long-term care.
80 million baby boomers are poised to hit Medicaid for long-term care
as 95% have no
coverage for long-term care.
Health care reform is adding 16 million more adults to Medicaid
starting January, 2014.
public-private partnership in available in over 40 states TODAY that
sector dollars to pay first
to pay last, which will take the burden off state budgets.
SHELTON PRESS PHOTO
Phyllis Shelton is the President of LTC Consultants, a Nashville-based company that she founded in 1991 specializing in long-term care insurance sales training, consumer education and marketing materials. She is widely considered to be the leading long-term care insurance sales trainer in the country. Phyllis' organization has trained nearly 75,000 agents via live or web-based training and her company has conducted training programs for many of the top LTCI insurance carriers. Her business model has also included assisting states with an educational outreach about the Long-Term Care Partnership, a new program that shelters assets from Medicaid spend down equal to the benefits paid by Partnership long-term care insurance policies.
Her online training venture, LTCiTraining.com, was developed to meet the mandated NAIC/DRA Partnership producer training requirements in all states.
Phyllis is featured as the cover story for the November 2013 issue of Life Insurance Selling. She was profiled in Senior Market Advisor's charter group of the top ten professionals in the long-term care insurance industry nationally and has spoken to literally every major industry group including MDRT's Top of the Table, NAIFA 2010, and MDRT 2013. She received the distinguished LIFE Foundation Client Service Award and her full page client story was featured in the September 14, 2009 edition of Newsweek magazine. She appeared in The Balancing Act, Lifetime Network's early morning show for women, on July 14, 2010 to emphasize the impact of long-term care on women.
She has been featured extensively in the Wall St. Journal and appeared in a two-hour PBS documentary on caregiving. She has presented on Wall St. as well as CNNfn and National Public Radio. She is a consumer reference for such publications as Kiplinger's Personal Finance Magazine and her interviews include USA Today, Business Week, Consumer Reports, Money, Smart Money, Bloomberg Wealth Manager and National Public Radio. Her consumer book, LONG-TERM CARE: Your Financial Planning Guide became an industry textbook.
Her newest consumer book, Protecting Your Family with Long-Term Care Insurance (2013) provides cutting edge information about all phases of financing long-term care. Suze Orman says "Long-term care insurance for many is the most important insurance you can buy if you can afford it. Phyllis Shelton is the only person I trust to keep me up to date on what I need to know. Read this book." You can also see Phyllis recommended by Suze in the January 2012 and 2013 issues of Oprah magazine.
Phyllis Shelton's LTCI Worksite TOOLBOX cracks the code on how to engage younger employees in the long-term care planning process, and The ABC's of Long-Term Care Insurance makes LTC insurance so simple a child can understand it.
While sharing the main platform at the annual NAILBA conference with former U.S. Senator Bob Dole, she was introduced as "the most prolific speaker/trainer in the long-term care insurance marketplace."
Ms. Shelton sees Medicaid as the largest threat to the American economy. She speaks nationally on the role of long-term care insurance as part of the private sector's solution by making Medicaid payer of last resort for long-term care, which will save jobs by rescuing state budgets and keep families together by providing caregivers when most needed.
Phyllis' passion for the long-term care industry is unparalleled. Her motivational message has been delivered to over 8,000,000 Americans.
PEOPLE ARE SAYING:
the greatest risk in your financial plan? We’ve seen how a
stock market crash can devastate retirement plans. But the greatest
risk is not the longevity of this bear market, or even another bear
market. It’s the devastating cost of long-term
Sun-Times Financial Columnist
The New Savage Number:
How Much Money Do You REALLY Need to Retire?
Wiley & Sons, Inc., 2009, p. 218
one more aspect of the medical-insurance story that is almost totally
off the typical radar screen. This one involves long-term care. With
the baby-boom generation heading toward retirement and their parents
already there, this is a huge issue….I know the
response: Doesn’t Medicaid pay…this
question is often asked by Boomers who figure their parents will be
covered, as they will when their time comes to book some long-term
care. Here’s the answer: Medicaid was never meant
to be a long-term care provider. And as Senator John Breaux
and Representative William Thomas have pointed out, ‘The
growing demand for long-term care is pushing Medicaid into
We Want You to Be Rich
J. Trump with Meredith McIver, Robert T. Kiyosaki with Sharon
Rich Press, 2006, pp. 36-37
FOR MORE INFORMATION
AND TO SCHEDULE AN INTERVIEW:
Americans to participate:
They have access to Medicaid if insurance
isn’t enough without spending
down most of their assets;
consumers keep choice and independence as private-pay
results: In the four pilot
states, less than 500 out of 325,000
policyholders since the early 1990’s have had
to access Medicaid
because their policy benefits weren’t enough.
make it work fast enough:
Media participation to encourage employers to
offer so most Americans
can enroll with little
or no underwriting at lower
A seven city tour to empower insurance
professionals to meet the national need of
making Medicaid payer
last resort for long-term care.
will teach insurance professionals how to get younger people to plan
ahead by buying long-term care
insurance at work and
older people to
use the January 1, 2010 tax incentive to allow gains from annuities to
out tax-free if spent
on long-term care.
DOES THIS RELATE TO
A tidal wave
of caregiving is about to hit U.S. employers as the fastest growing
segment of the workforce is age 55
and up, employees who
are in their
prime caregiving years.
caregivers are women.
have killed themselves getting the career they have dreamed of stand to
lose it if they become a
caregiver and they
don’t have enough
money to hire help. At $70,000 a year for 10-12 hour shifts of home
who does have enough
money? That number could triple in the next
20 years based on historical inflation of care
costs plus the
shortage combined with demand of the baby boomers.
Women make up
47% of the workforce in this country. What will happen to national
productivity when millions
become caregivers? And
some will be care
STATE SPECIFIC BUDGET CUTS
to see how this is affecting your state.