Long Term Care Insurance Not Covered By Obamacare Provisions

Long term care insurance Obamacare Doesn't Include

Long term care insurance Obamacare Doesn’t Include

Washington DC; August 12, 2013 – Long term care insurance is not included under provisions passed by Congress as part of the Affordable Care Act also known as Obamacare.

“We are getting an increasing number of calls from consumers wanting to know how to apply for long term care insurance once insurers must accept pre-existing health conditions,” explains Jesse Slome, executive director of the long term care insurance industry trade group.  “Unfortunately I have to tell them long term care insurance is not included under Obamacare and is only available to those who can meet health requirements.”

Consumers are expected to start investigating insurance plans available under Obamacare next month and open enrollment starts October 1st.

“The Department of Health and Human Services abandoned any plans to implement the provision calling for a voluntary long term care insurance program which would have allowed those with existing health insurance to apply,” Slome notes.  “They found the monthly premiums they’d have to charge would have been far too expensive for people to afford so they walked away and allowed Congress to repeal the CLASS Act.”

“There are about a dozen insurance companies currently offering private long term care insurance,” says Slome.  About eight million Americans have some form of protection against the significant risk of needing long term care.  “If you have some existing health conditions, we can advise whether pursuing a long term care insurance policy will even be possible.”

The American Association for Long-Term Care Insurance advocates for the importance of long term care planning and supports insurance professionals who market the complete range of planning products.

Consumers interested in learning more about long term care insurance protection can read four consumer guides providing helpful information on planning and reducing long term care insurance costs.  They can be accessed on the Association’s website at www.aaltci.org/guides and no information is required to access these guides.  To connect with a designated long term care insurance professional, a member of the Association, for information and no-obligation cost comparisons call the organization’s at 818-597-3227.

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