Media Advisory: Life Care Funding to Testify before Texas House for Legislation Supporting Life Insurance Policies to Supplement Medicaid Long Term Care Services
Bills HB 2383 and SB 1321 Provide Life Policy Conversion Option
PORTLAND, Maine—Life Care Funding is a proponent for seniors with life insurance policies and their families who need to pay for long term care. Too often seniors who have paid life insurance premiums for years abandon those policies as they begin preparing for long-term care. Either they can no longer afford the premium payments or their policy is considered an asset that will count against Medicaid eligibility.
WHAT: Chris Orestis, CEO, Life Care Funding, will provide testimony before the Texas House Committee on Human Services. HB 2383 and SB 1321 are the first bills in Texas to inform life insurance policy owners that they can convert a policy into a Long Term Care Benefit Plan as a Medicaid-qualified spend-down.
WHO: CEO Chris Orestis, Life Care Funding Texas House Committee on Human Services
WHEN: Tuesday, March 26, 2013
Texas State Capitol
About Life Care Funding Group:
Founded in 2007, Life Care Funding (LCF) assists people in need of funds to cover the costs of long term care. Working with over 4,000 senior-living and long-term care providers in the United States, LCF originated and is the market leader of converting the death benefit of an in-force life insurance policy into a Long Term Care Benefit Plan to help pay for skilled nursing home care, assisted living, home health care, and hospice. Life Care Funding (www.lifecarefunding.com) can be reached at 888-670-7773 or firstname.lastname@example.org.
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