California Partnership for Long-Term Care Announces MetLife as a New Partner.Business Editors SACRAMENTO Sacramento, city, United States Sacramento (săkrəmĕn`tō), city (1990 pop. 369,365), state capital and seat of Sacramento co., central Calif. , Calif.--(BUSINESS WIRE)--Feb. 4, 2004 An innovative alliance between the California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). Department of Health Services' California Partnership for Long-term Care long-term care (LTC), n the provision of medical, social, and personal care services on a recurring or continuing basis to persons with chronic physical or mental disorders. (CPLTC CPLTC California Partnership for Long-Term Care ) and the Metropolitan Life Insurance Company (MetLife) will provide Californians with more options to plan ahead for their potential long-term care needs, Dr. Gilberto F. Chavez, chief medical officer of the California Department of Health Services Department of Health Services may refer to:
MetLife, a leading international provider of insurance to individuals and institutional organizations, has been approved by the CPLTC to offer group and individual long-term care insurance through California employers. The company serves approximately 12 million individuals in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and companies with 37 million employees. "We're pleased to be working with MetLife to develop a special long-term care policy that matches the needs of the employer, the employees and the employees' extended family, particularly their parents and parents-in-law," said Chavez. "Employers have a real stake in informing their employees about long-term care issues, options and opportunities." The CPLTC provides Californians with affordable, quality, long-term care insurance protection. CPLTC-certified polices are designed to help protect the financial independence of Californians who need long-term care services and are the only policies sold in California that contain a special "lifetime asset protection" feature. This feature assures that Californians will not be forced to spend everything they have worked for on long-term care. The asset protection feature enables Californians to purchase a policy with coverage equal to the amount of assets they wish to protect with the assurance that these assets are protected for life no matter what their long-term care needs may be. Without a Partnership-certified policy, Californians can only achieve lifetime asset protection by purchasing lifetime or unlimited long-term care insurance coverage, something many Californians may not be able to afford. "MetLife is honored hon·or n. 1. High respect, as that shown for special merit; esteem: the honor shown to a Nobel laureate. 2. a. Good name; reputation. b. to be selected to design a CPLTC-endorsed, long-term care insurance program for California employers," said Joyce Ruddock rud·dock n. Chiefly British An Old World robin (Erithacus rubecula) having olive-brown upper plumage and a conspicuous orange breast. , vice president of MetLife's Long-Term Care. "The State of California is helping to lead the way in developing innovative solutions that rely on the public and private sectors working together to address the need to finance long-term care costs. We look forward to working with the state to address this challenge as well as to help employers manage costs associated with lost productivity." Consumers and insurance agents wanting more information about MetLife, can visit the Web site at http://www.metlife.com/. For more information about the CPLTC, consumers can call 1-800-CARE-445 or visit its Web site at http://www.dhs.ca.gov/cpltc. |
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