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
Shelton is the President of LTC
a Nashville-based company specializing in long-term care insurance
training and marketing materials. She is widely considered to be the
leading long-term care insurance trainer in the country and over 65,000
agents have experienced her organization’s live or web-based
training since her company was founded in 1991. In addition
to having conducted training programs for ten of the top 15 long-term
care insurance companies, her firm delivered the 2,020 employee
education meetings that launched the Federal LTC Insurance Program in
2002. Her consulting business model includes assisting states with an
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. As a trainer,
she has worked with Blue Cross Blue Shield of Tennessee since 2005 to
offer long-term care insurance through employer-sponsored plans to
achieve extraordinary participation results in order to train insurance
professionals nationwide how to achieve the same results.
In addition to authoring her books – LONG-TERM CARE: Your
Financial Planning Guide, Phyllis
Long-Term Care Insurance Toolbox,
The ABC’s of Long Term
Care Insurance, 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.
Phyllis received the distinguished LIFE Foundation Client Service Award
in 2009 and her full page client story was featured in the September
14, 2009 edition of Newsweek
magazine. On July 14, 2010, she appeared
in The Balancing Act on the Lifetime Television
Network to address the impact of long-term care on women. She is a
consultant for Suze Orman's initiative to educate consumers about the
importance of owning long-term care insurance.
Phyllis has spoken to literally every major industry group including
Top of the Table Million Dollar Round Table, NAILBA (National
Association of Independent Life Brokerage Agencies) and the Society of
Financial Service Professionals. Her 2010 speaking opportunities
include the Southeastern Regulators Association Conference about the
Long-Term Care Partnership and the annual National Association of
Independent Financial Advisors convention about selling long-term care
insurance in the workplace. Phyllis’ passion for the
long-term care industry is unparalleled. Her motivational message about
planning for long term care has been delivered to over 8,000,000
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.