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In a column in the Fort Worth Star Telegram (9/16), Teresa Mcusic writes Texas “is having a tough time” on enrolling people in its three year old “long-term care insurance partnership program that help buyers protect assets if they need to apply for Medicaid,” with only 10,443 partnership policies sold through the end of last year. “Texans are not generally buying policies with this benefit in mind.” At issue can be the premium costs, which “aren’t cheap,” or “finding...

Report Elicits Renewed Criticism Of CLASS Program

Posted by MSConsultingGroup on Sep 19, 2011 in Employee Benefit

Politico (9/16, Kenen) says, “A new report adds fresh details to the conventional wisdom that a new long-term care insurance program is fiscally out of whack — but there’s also widespread agreement among experts that there are lots of ways to try to fix it.” The data, released by congressional Republicans, “lambasted” the Community Living Assistance Support and Stability (CLASS) “program as a boondoggle that Democrats rammed through Congress during health reform while knowing full well it would be a...

CLASS Act Report

Posted by MSConsultingGroup on Sep 19, 2011 in Employee Benefit

http://energycommerce.house.gov/media/file/pdfs/class/classuntoldstoryreport.pdf

What You Need To Know About The “Public Option” For Long-Term Care Insurance

Posted by MSConsultingGroup on Jun 9, 2011 in Long-Term Care Insurance

The CLASS act stands for Community Living Assistance Services and Support Act, and is Title VIII of the Health Care Reform Bill. It is a legacy of the late Senator Ted Kennedy. The plan creates a voluntary government run long-term care insurance program and is effective January 1, 2011. However, the Department of Health and Human Services has until October 1, 2012 to design the plan, and it is not anticipated to be ready until 2013. View Our...

How A Long Term Care Insurance Trust Can Increase The Value Of One’s Estate

Posted by MSConsultingGroup on May 10, 2011 in Long-Term Care Insurance

Achieving the top strata of net worth has its advantages and its challenges. To address the challenges, persons of exceptional wealth enlist the assistance of trusted advisors to manage their planning needs. There are many risks subject to such management, not the least of which is the risk of a debilitating injury or illness, or onset of a chronic condition requiring extended health care. Why should ultra-high net worth clients address this risk? Why should financial advisors include planning for this risk alongside traditional wealth...

Executive Benefits Under Scrutiny: How to Reward and Retain Top Talent

Posted by MSConsultingGroup on May 10, 2011 in Executive Benefits

Executive compensation unquestionably is a hot-button topic. The recent focus is hardly unexpected in a time when multi-billion dollar bailouts have become the norm. Corporations are experiencing a backlash of shareholder and public outcry regarding lavish pay and bonuses. This heightened scrutiny is not limited to bailout beneficiaries: shareholders of businesses at all levels are examining how their upper-level management is being compensated and whether that compensation bears a relationship to results. But compensation is not the only...

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