Coverage for Long-Term Care Insurance is a Priority for Many Californians.News 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)--Sept. 22, 2003 A record 5,500 Californians applied 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. insurance through 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). Partnership for Long-Term Care (CPLTC CPLTC California Partnership for Long-Term Care ) in February, State Health Director Diana M. Bonta, R.N., Dr.P.H, today announced. "Since these long-term care policies were first offered in 1994, sales have increased at an impressive rate," Bonta said. "The sales record reflects California's rapidly aging population and growing need for long-term care insurance." Nearly half of all seniors will need long-term care at some time in their lives, yet few are financially prepared for this possibility, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. CPLTC. The cost of long-term care can have a significant financial effect on retirement savings and leave seniors dependent upon family members for care. CPLTC works with select private insurance carriers to provide Californians with affordable, high-quality, long-term care insurance. Since 1998, applications have increased steadily. All CPLTC policies meet stringent standards. In addition, they are the only long-term care policies sold in California that contain a lifetime asset protection feature. For more information about CPLTC, consumers can call 1-800-CARE-445 or visit its Web site at http://www.dhs.ca.gov/cpltc. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion