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(EMAILWIRE.COM, March 11, 2008 ) Asheville, NC March 11, 2008: CashLTC.org, the first online educational resource for Cash Long Term Care insurance launches a new video, “CashBridging Partnership Plans”. This new video illustrates how to enhance Cash Benefit Long Term Care insurance with State Partnership Plans.
LTC Partnership Plans combine the use of private and public resources to provide LTC coverage. In return for buying a private insurance policy, more of your assets are protected if you need Medical Assistance (MA) later on to help pay for your Long-Term Care services (LTC). Many states are moving aggressively to slow the hemorrhaging of Medicaid expenditures.
Many families prefer to 'do' the caregiving themselves, however many fall short when it comes to the financial resources. Cash for Care is a starting point for the country's front line of defense, the unpaid informal caregivers (family and friends). Most Partnership Plans are structured more for professional services, with minimal to no benefits for informal caregiving. CashBridging offers a life preserver to families who prefer to do the "heavy-lifting" before professional services are the only option while still being able to preserve a portion of their estate.
Partnership Plans are traditionally more expensive because they require mandatory benefits that can drive up premiums. The benefit of CashBridging in place of a single policy, with or without a cash feature, is that it allows you to manage premiums effectively by varying the elimination periods, benefit duration or inflation options, which can equal the premium for a plan with limited or no informal caregiving, and may even be lower.
CashBridging is a simple process of purchasing a traditional reimbursement Long Term Care policy plus a CashLTC policy and is an effective tool in meeting the qualifications of State Partnership Plans, with more useable benefits, especially for informal caregiving.
CashLTC.org has a unique educational approach utilizing online videos and slideshows, generating a very positive buzz from consumers and the industry, with over 25,000 hits in three days. “Excitement is mounting about the role we are playing. Throughout the next few months, we will be releasing even more innovative educational tools and are grateful for all the interest we have been receiving,” says Gregg Kroman, Executive Director.
When families have the tools to take care of each other, they meet the challenge.
For more information, please contact Gregg Kroman at 828.628.0876 or visit www.cashltc.org
CashLTC.org
Gregg Kroman
828.628.0876
gk@cashltc.org 
Source: EmailWire.com
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