But is that really the problem? Or is it that the nation has

Midterm Elections Could Bring Changes To LTC

House of Representatives. This will guarantee that there are new faces and changes surrounding long term care, a legislative long term care expert said.

In the Senate, Sen. Tom Harkin, D Iowa, and Sen. Jay Rockefeller, D W. Va., announced they will not stand for re election.

cheap moncler coats Both lawmakers, having served for decades, are knowledgeable about the ins and outs of long term care, said Sam Morgante, vice president of government relations for Genworth and the only full time long term care lobbyist in Washington. cheap moncler coats

cheap moncler jackets Even with the losses, the long term care industry benefited by the appointment of Sen. Ron Wyden, D Ore., the new chairman of the powerful Senate Finance Committee, Morgante said. cheap moncler jackets

moncler outlet sale Sen. moncler sale Susan Collins, R Maine, a moderate moncler outlet store who has expertise on aging and long term care issues, is up for re election. moncler outlet sale

Another lawmaker, Sen.

In the House, the best advocates, of long term moncler outlet online care include cheap moncler outlet Rep. Charles W. Boustany Jr., R La., and Rep. Michael C. Burgess, R Texas, he said.

Rep. Brad Schneider, D Ill., also a former LTCi agent, is the on the House side, moncler outlet jackets Morgante said.

said selling LTCi ought to be a prerequisite to being a member of Congress and so we got some people who understand long term care, said Morgante, recalling a brief meeting with the Illinois lawmaker.

cheap moncler outlet If and when lawmakers who are knowledgeable about the long term care industry decide they are moncler outlet uk going to take up LTCi issues, it will be in the wake of the 2014 midterm elections on Nov. 4. cheap moncler outlet

moncler mens jackets For the moment, initiatives surrounding long term care reform have stalled because it an election year, said Morgante. moncler mens jackets

cheap moncler sale Morgante delivered his remarks during the LTC CEO Forum, one of the sessions cheap moncler jackets sale presented at the annual conference of the American Association for Long Term Care Insurance. cheap moncler sale

The federal Commission on Long Term Care https://www.thebeastmark.com , which met last moncler sale outlet year to explore affordable solutions to long term care coverage, reignited discussion around reform. Despite testimony from many of the nation foremost experts on long term care, the bipartisan commission sidestepped the issue of financing long term care.

buy moncler jackets moncler outlet sale The commission moncler jacket sale final report, submitted to Congress in September, remains on the shelf. buy moncler jackets

Off Capitol Hill, meanwhile, bipartisan policy think tanks and actuaries are hard at work on long term care financing. adults are back in the room, Morgante said.

moncler outlet store Despite the loss of momentum on legislative matters concerning long term care, 2015 should bring new work on tax and entitlement reform, he added. moncler outlet store

moncler outlet Tax qualified LTCi created by the Health Insurance Portability and Accountability Act is connected to the Internal Revenue Code, and falls under the jurisdiction of the House Ways and Means Committee. How the tax code works with return of premium and benefit triggers in LTCi would be explored by Ways and Means, he said. moncler outlet

monlcer down jackets While entitlement reform around the solvency of Medicare and Medicaid have been down the road, that too will have to be addressed eventually although it hard to say exactly when. monlcer down jackets

moncler sale outlet Could 2016 be the year that lawmakers take on long term care reform with moncler outlet any seriousness? Perhaps. There another election a presidential election Cheap Moncler Jackets , remember in which the nation might get its first female president: Hilary Clinton. moncler sale outlet

cheap moncler Clinton mentioned long term care in the 1990s when Bill Clinton was president and tried to moncler factory outlet pass health reform. cheap moncler

moncler outlet online problem we confront today is different than when I joined the industry, Morgante said. I joined, the problem was about our parents. Today it is about us. If we don solve this issue, our kids are not going to be happy. But is that really the problem? Or is it that the nation has put off the issue by kicking the proverbial can down the road? Elections take place regularly. It not as moncler jackets outlet if they came cheap moncler jackets out of the blue and disrupted the agenda. moncler outlet online

moncler sale Blaming election cycles is a convenient scapegoat for not having a nationwide plan to address long term care needs. Indeed, critics of long term care policy say the nation has never had a long term care master plan. moncler sale

Instead of coming up with one, lawmakers have repeatedly punted long term care issues into the future leaving long term care to languish through a patchwork of government and private programs. Now the future is here and it brought 87 million baby boomers along with it. Those seniors will need long term care sooner or later.

1965, if we knew what we know today about this industry, we would have approached it differently, Morgante said.

Today, the portion of the marketplace focusing on guaranteed death benefits is undergoing a shift toward providing more options and flexibility for policy owners. Global Atlantic’s new Lifetime Foundation ELITE IUL bridges that gap between flexibility and options on the one hand and strong death benefit guarantees on the other because now you can do both.

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