Public-Private Partnership Solution to Help Solve State Budget Crisis
(How to Make Medicaid Payer of Last Resort for Long-Term Care)
With 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.
Phyllis Shelton believes the power of the media can make this happen by educating employers to take the lead in offering this program and educating 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 costs nothing to help solve the state budget crisis. She is doing her part as a national trainer and motivational 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.
It is in the vital self-interest of your audience to know these options as so 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.
Consumer Books | What People Are Saying | Contact Information
TALKING POINTS
• Medicaid is destroying state budgets like a computer virus.
• States are cutting jobs and critical services like education to pay for Medicaid.
• 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.
•
Solution
: A
public-private partnership in available in over 40 states TODAY that
allows private
sector dollars to pay first
and Medicaid
to pay last, which will take the burden off state budgets.
For more talking points click here.
PHYLLIS
SHELTON PRESS PHOTO
PHYLLIS SHELTON BIOGRAPHY
In addition to authoring her books – LONG-TERM CARE: Your Financial Planning Guide, Phyllis Shelton’s Worksite Long-Term Care Insurance Toolbox, and 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 Americans.
CONSUMER BOOKS
WHAT PEOPLE ARE SAYING:
“What’s 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 care.”
TERRY
SAVAGE, Chicago
Sun-Times Financial Columnist
The New Savage Number:
How Much Money Do You REALLY Need to Retire?
John
Wiley & Sons, Inc., 2009, p. 218
“There’s 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 bankruptcy.'"
DONALD
TRUMP
Why
We Want You to Be Rich
Donald
J. Trump with Meredith McIver, Robert T. Kiyosaki with Sharon
Lechter,
Rich Press, 2006, pp. 36-37
FOR MORE INFORMATION AND TO SCHEDULE AN INTERVIEW:
Melissa Batdorff
Phone:
(615) 590-0300
Email:
melissa@ltcconsultants.com
ADDITIONAL INFORMATION:
• Incentive
for
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
patients.
• Proven
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.
• Method
to
make it work fast enough:
Media participation to encourage employers to
offer so most Americans
can enroll with little
or no underwriting at lower
premiums.
• Phyllis
Shelton’s response:
A seven city tour to empower insurance
professionals to meet the national need of
making Medicaid payer
of
last resort for long-term care.
• Method:
She
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
come
out tax-free if spent
on long-term care.
HOW DOES THIS RELATE TO OUR ECONOMY?
•
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.
• Two-thirds of caregivers are women.
•
Women who
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
care,
who does have enough
money? That number could triple in the next
20 years based on historical inflation of care
costs plus the
caregiver
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
recipients.
STATE SPECIFIC BUDGET CUTS
Click here
to see how this is affecting your state.
