Recent Headlines
Long-Term Care Insurance Sales Will Benefit from Legislation Moving Forward Predicts AALTCI
The just released final text of the Enhancing American Retirement Now (EARN) Act maintains the positive feature that will increase sales of long-term care insurance predicts the American Association for Long-Term Care Insurance. "The bipartisan measure passed the Senate committee in June and... - September 10, 2022 - American Association for Long-Term Care Insurance
Powers Insurance & Risk Management Hires Three New Team Members
Sierra Brown, Maggie Stringer, and Crystal Swanigan join one of St. Louis' largest family-owned insurance agencies. - August 31, 2022 - POWERS Insurance & Risk Management
Powers Insurance & Risk Management Hires Husband-and-Wife Insurance Team
Mark and Deanna Sherman join one of St. Louis' largest family-owned insurance agencies. - July 29, 2022 - POWERS Insurance & Risk Management
Long-Term Care Insurance Association Offers Claims Problem Assistance
Consumers with questions regarding their long-term care insurance claims are being assisted as part of a new initiative undertaken by the American Association for Long-Term Care Insurance. "People who purchased long-term care insurance years ago are starting to need benefits and starting to... - July 28, 2022 - American Association for Long-Term Care Insurance
Long-Term Care Insurance Applicants Skew Younger Due to Washington Program Reports AALTCI
Ages when individuals purchased long-term care insurance dropped in 2021 according to Jesse Slome, director of the American Association for Long-Term Care Insurance. "The change can be fully attributed to the fact that younger people in the State of Washington applied in record numbers in... - July 20, 2022 - American Association for Long-Term Care Insurance
Nearly Half of Oldest Long-Term Care Insurance Applicants Are Declined by Insurers Reports AALTCI
Nearly half of individuals who apply for traditional long-term care insurance after age 70 have their applications declined by an insurer according to Jesse Slome, director of the American Association for Long-Term Care Insurance. "Consumers simply are not aware of the need to health-qualify... - July 17, 2022 - American Association for Long-Term Care Insurance
Powers Insurance & Risk Management Promotes Tim Davis to COO
Davis to also serve as Chief Operating Officer for sister company Valley Insurance Agency Alliance. - June 03, 2022 - POWERS Insurance & Risk Management
Consumer Actions Following Long-Term Care Insurance Premium Rate Increases Reported by AALTCI
The overwhelming majority of consumers experiencing a premium increase on their long-term care insurance chose to pay the higher premium. The findings of a new analysis were released today by the American Association for Long-Term Care Insurance. "Between 50 and 60 percent of policyholders... - May 18, 2022 - American Association for Long-Term Care Insurance
Hybrid Long-Term Care Insurance Tips for Business Owners Shared by AALTCI
A new video shares tips for business owners considering hybrid long-term care insurance. Posted by the American Association for Long-Term Care Insurance, the video focuses on ways to maximize the tax-deductible benefits. "Business owners continue to overlook some of the enormous tax... - May 06, 2022 - American Association for Long-Term Care Insurance
Long-Term Care Insurance Association Launches Linked-Benefit Video Library
An online video library focused on linked-benefit long-term care insurance has been launched by the American Association for Long-Term Care Insurance. “Around half of the consumers phone calls we currently receive involve questions about linked benefit long-term care insurance... - April 16, 2022 - American Association for Long-Term Care Insurance
Long-Term Care Insurance Options After Age 75 Explained by Association
New information will educate individuals age 75 or older who are considering long-term care insurance. theAmerican Association for Long-Term Care Insurance will assist consumers seeking information and comparisons of leading linked-benefit long-term care insurance. "We regularly hear from... - April 14, 2022 - American Association for Long-Term Care Insurance
2022 Linked-Benefit Long-Term Care Insurance Price Index Released by Association
The first price index comparing leading linked-benefit long-term care insurance costs and benefits was released today by the American Association for Long-Term Care Insurance. "With linked-benefit policies now outselling traditional long-term care insurance, consumers are requesting more... - April 06, 2022 - American Association for Long-Term Care Insurance
Long-Term Care Insurance Association Launches New Linked Benefit Resource Center
A new online resource center focused on linked benefit long-term care insurance has been launched by the American Association for Long-Term Care Insurance. "Linked benefit long-term care insurance is now the favored choice of consumers buying protection," states Jesse Slome, director of... - April 01, 2022 - American Association for Long-Term Care Insurance
Powers Insurance & Risk Management Promotes Two Team Members
St. Louis' largest family-owned insurance agency advances Kate Murphy and Shari Smith. - March 30, 2022 - POWERS Insurance & Risk Management
Medicare Pays More for Long-Term Care Reports Association
Medicare paid $28.1 billion for skilled nursing facility services in 2020. The information was shared today by the director of the American Association for Long-Term Care Insurance. “The latest information from the just-published report to Congress reveals some important information worth... - March 20, 2022 - American Association for Long-Term Care Insurance
Powers Insurance & Risk Management Adds Two Team Members
Kelly McDowell and Kaylee Rucker join St. Louis' largest family-owned insurance agency. - March 19, 2022 - POWERS Insurance & Risk Management
Long-Term Care Insurance Association to Launch New Claims Resource Center
A new Long-Term Care Insurance Claims Resource Center is being launched by the American Association for Long-Term Care Insurance. "We are receiving an increased number of questions from consumers and hearing from more family members who are having difficulty getting claims approved for their... - February 18, 2022 - American Association for Long-Term Care Insurance
Banking Industry Veteran, Gerard “Jerry” Colaluca, Joins MB Schoen & Associates as Chief Bank Strategist
MB Schoen & Associates, Inc., (“MBSA”) a leading institutional insurance consultancy, is pleased to announce that Gerard “Jerry” Colaluca, a well-respected, 35-year banking industry veteran, has joined the firm as Senior Vice President, Chief Bank Strategist. Jerry will... - February 09, 2022 - MB Schoen & Associates, Inc.
Nursing Home Care Expenditures to Grow Reports Long-Term Care Insurance Association
Out-of-pocket paid expenditures for nursing care facilities will grow significantly in the years ahead according to the American Association for Long-Term Care Insurance. "Total national expenditures are predicted to grow to $266.2 billion by 2028," states Jesse Slome, director of the... - February 05, 2022 - American Association for Long-Term Care Insurance
Powers Insurance & Risk Management Hires Surety Underwriting Executive
Kari Hohn brings more than 15 years of experience in client management and customer service. - February 05, 2022 - POWERS Insurance & Risk Management
2022 Short-Term Care Insurance Consumer Primer Posted by Association
An educational primer describing short-term care insurance and 2022 pricing examples has been released by the American Association for Long-Term Care Insurance. "Short-term care insurance is one of the best kept secrets for men and women who have issues when it comes to long-term care... - January 26, 2022 - American Association for Long-Term Care Insurance
Long-Term Care Insurance Claims Paid Data Shared by Association
An analysis of over 5,000 long-term care insurance found that 80 was the mean age at time of claim according to the American Association for Long-Term Care Insurance. "People understand why they may need long-term care insurance," states Jesse Slome, director of the American Association... - January 23, 2022 - American Association for Long-Term Care Insurance
2022 Long-Term Care Insurance Price Index Released by AALTCI
The annual price index for new long-term care insurance policies was published today by the American Association for Long-Term Care Insurance (AALTCI). “Prices for new long-term care insurance have remained stable,” reports Jesse Slome, AALTCI’s director. The annual report... - January 07, 2022 - American Association for Long-Term Care Insurance
Home Care Provider Ad Opportunities Announced by Long-Term Care Insurance Association
National and regional home care services are being offered a special opportunity to reach consumers via the American Association for Long-Term Care Insurance’s website. "The vast majority of consumers want and receive long-term care in their own home,” explains Jesse Slome,... - January 05, 2022 - American Association for Long-Term Care Insurance
Association Extends Overseas Adventure Travel Discount Offer for 2022
The special discount offer program with leading tour organizers was extended for 2022 by the American Association for Long-Term Care Insurance (AALTCI). “We know that our members and seniors who like to travel also like to save,” says Jesse Slome, AALTCI’s director. “We are... - January 03, 2022 - American Association for Long-Term Care Insurance
Long-Term Care Insurance Claims Paid in 2021 Grow by $700 Million Reports AALTCI
The nation’s long-term care insurers paid out $12.3 Billion in claims during 2021. That represents a significant increase over prior years according to the American Association for Long-Term Care Insurance (AALTCI). “Take note if you doubt the value of long-term care insurance... - December 29, 2021 - American Association for Long-Term Care Insurance
Long-Term Care Insurance Top-10 States Reported by AALTCI
California remains the state with the most individuals covered by a long-term care insurance policy according to the latest data shared by the American Association for Long-Term Care Insurance. “Just over 600,000 Californians have a traditional long-term care insurance policy,” cites... - December 22, 2021 - American Association for Long-Term Care Insurance
Washington’s Long-Term Care Insurance Program Put on Hold
The Washington State long-term care program was put on hold today according to information shared by the American Association for Long-Term Care Insurance. “Governor Inslee and the state’s legislative leaders agreed to delay the WA Cares payroll tax on employees,” shared Jesse... - December 19, 2021 - American Association for Long-Term Care Insurance
Top Long-Term Care Insurance Companies Shared by AALTCI
The nation’s 10 largest long-term care insurance companies have over 73 percent of all covered lives according to the American Association for Long-Term Care Insurance. “A relatively few companies account for the majority of in force policies,” reports Jesse Slome, director of... - December 17, 2021 - American Association for Long-Term Care Insurance
AALTCI Reports Long-Term Care Insurance Claims Probability for Men
A 65-year-old man who lives to age 90 faces a 51 percent likelihood of needing long-term care according to the American Association for Long-Term Care Insurance. A woman living to age 90 faces a 58 percent likelihood. "Living a long life comes with the increased risk of needing long-term... - December 10, 2021 - American Association for Long-Term Care Insurance
Jones Lowry Adds New Director
Jones Lowry, a national wealth transfer and insurance planning firm with offices in New York, Jacksonville, West Palm Beach, Fort Lauderdale, and Miami, announced that Jeff Newman, MBA, has joined the firm as a director. He is responsible for design, implementation and management of wealth transfer... - December 08, 2021 - Jones Lowry
Long-Term Care Insurance Claims Probability Reported by Association
A 65-year-old woman who lives to age 90 faces a 58 percent likelihood of needing long-term care according to the American Association for Long-Term Care Insurance. "If you live a long life the risk of needing long-term care increases dramatically," shares Jesse Slome, director of the... - December 03, 2021 - American Association for Long-Term Care Insurance
Age When Long-Term Care Insurance Claims Begin Reported by AALTCI
Half of long-term care insurance claims begin when policyholders are in their 80s according to data reported today by the American Association for Long-Term Care Insurance. "Millions of Americans are living into their 80s, 90s and even 100s," explains Jesse Slome, director of the... - November 28, 2021 - American Association for Long-Term Care Insurance
Association Launches Campaign Focused on Long-Term Care Insurance Claims
An awareness and educational campaign focused on long-term care insurance claims is being initiated by the American Association for Long-Term Care Insurance. "If you want to know how much long-term care insurance protection to buy, it's helpful to know how and how much insurance benefits... - November 26, 2021 - American Association for Long-Term Care Insurance
Association Reports That Disabled Individuals Can Purchase Long-Term Care Insurance
Individuals with disabilities or disabled car placards may be able to qualify for long-term care insurance according to the American Association for Long-Term Care Insurance. "This is a question frequently posed to us by consumers and little information exists," shares Jesse Slome,... - November 25, 2021 - American Association for Long-Term Care Insurance
IRS Fails to Increase Tax Deductible Limits for Long-Term Care Insurance Reports AALTCI
For the first time the Internal Revenue Service has not raised tax-deductible limits for long-term care insurance according to the American Association for Long-Term Care Insurance (AALTCI). “Tax deductibility is one of the best-kept secrets and benefits potentially for millions of... - November 14, 2021 - American Association for Long-Term Care Insurance
Long-Term Care Insurance Association Director Releases Washington State Update
Remarks and updated information regarding the Washington State long-term care initiative were released today by Jesse Slome, director of the American Association for Long-Term Care Insurance. "There is a lot of attention being focused on the Washington imitative," shares Jesse Slome,... - November 07, 2021 - American Association for Long-Term Care Insurance
Long-Term Care Insurance Association Launches Effort Targeting Business Owners
A significant number of business owners are not familiar with tax-advantaged long-term care planning options. Costs for this important protection may be fully tax deductible according to the American Association for Long-Term Care Insurance. - November 04, 2021 - American Association for Long-Term Care Insurance
Long-Term Care Insurance Association Marks 20th Anniversary of Awareness Month
The American Association for Long-Term Care Insurance is marking the 20th anniversary of Long-Term Care Awareness Month. "A month dedicated to creating awareness of this vital issue that impacts millions of Americans made enormous sense back in 2001," shares Jesse Slome, director of the... - November 03, 2021 - American Association for Long-Term Care Insurance
Length of Long-Term Care Need Data Shared by AALTCI
Data on the length people may need long-term care was shared by the American Association for Long-Term Care Insurance. The information was reported as part of the organization's focus on Long-Term Care Awareness Month. "We believe an educated consumer is in everyone's best interest,"... - October 30, 2021 - American Association for Long-Term Care Insurance
Long-Term Care Insurance Association Campaign Scores Awareness
The first consumer awareness campaign in conjunction with 2021 Long-Term Care Awareness Month has generated national media attention. The effort was undertaken by the American Association for Long-Term Care Insurance. "We hoped to kick-off Long-Term Care Awareness Month in a big way and I'm... - October 29, 2021 - American Association for Long-Term Care Insurance
POWERS Insurance & Risk Management Named Best Independent Agency
St. Louis agency selected as overall "2021 Best Agencies to Work For" by Insurance Journal. - October 22, 2021 - POWERS Insurance & Risk Management
Long-Term Care Insurance Association Offers Awareness Month Banners
Banner artwork for Long-Term Care Awareness Month (November 2021) is being made available by the American Association for Long-Term Care Insurance (AALTCI). "This marks the 20th anniversary for the event which we created to generate heightened awareness among both insurance professionals and... - October 20, 2021 - American Association for Long-Term Care Insurance
A Third of Long-Term Care Insurance Home Care Claimants Recover Reports AALTCI
Almost one in three individuals with long-term care insurance policies who initiate a home care claim recover, according to the American Association for Long-Term Care Insurance (AALTCI). "Many individuals mistakenly believe that most long-term care insurance claims are for care in skilled... - October 07, 2021 - American Association for Long-Term Care Insurance
WealthScope Financial, a Financial Advisor in Lehigh Valley, PA Announces a Proprietary Planning Process Called WealthScope GPS™
Financial Advisor firm has created a proprietary financial planning process which is referred to as WealthScope GPS™. This process is used to provide guidance for clients during their financial journey. The process is available today to all clients of the firm. - August 14, 2021 - WealthScope Financial
Washington Long-Term Care Insurance Options Ending Soon
Available long-term care insurance options for Washington state residents looking to request an exemption from the new tax are about to end. According to the American Association for Long-Term Care Insurance (AALTCI) consumers will soon find few, if any, options. "Consumers are mistaking the... - August 04, 2021 - American Association for Long-Term Care Insurance
Powers Insurance & Risk Management Team Member Earns Prestigious Designation
Stacy Castro completes Certified Personal Risk Manager program. - July 16, 2021 - POWERS Insurance & Risk Management
Powers Insurance & Risk Management Employees Earn Professional Certifications
The 30-year-old insurance company's entire commercial lines department is now certified to handle workers compensation clientele. - July 08, 2021 - POWERS Insurance & Risk Management
Long-Term Care Insurance Policy Sales Reported
The number of individuals purchasing traditional long-term care insurance in 2020 declined from prior years, according to the American Association for Long-Term Care Insurance (AALTCI). "Some 49,000 individuals purchased a traditional long-term care insurance policy," shared Jesse Slome,... - June 26, 2021 - American Association for Long-Term Care Insurance
Long-Term Care Insurance Companies Limit Options for Washington Residents Reports AALTCI
Individuals looking for an exemption to avoid Washington State's new long-term care insurance tax will find fewer options according to the American Association for Long-Term Care insurance. "There are now only two traditional long-term care insurance companies offering policies through... - June 18, 2021 - American Association for Long-Term Care Insurance