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Chris Orestis Interview at Senior Market Advisor VIDEO (part 1) and (part 2)

Chris Orestis Interview at Senior Market Advisor Part 1 // Chris Orestis Interview at Senior Market Advisor Part 2 // I recently sat down with Chris Orestis, a 15 year veteran of both the insurance and long term care industries. Chris spent several years representing the health and life insurance industry as Vice President and Senior Vice President respectively for the Health Insurance Association of America (HIAA) and the American Council of Life Insurers (ACLI). He is an expert on insurance and long term…

Emeritus Senior Living: Long Term Care Benefit Instructional Videos

Check out these two videos produced by About.com and Emeritus Senior Living about using Life Care Funding’s Long Term Care Benefit to pay for Senior Care– About.com: Paying for Long Term Care Benefit Using a Life Insurance Policy// Emeritus: How to Use a Life Insurance Policy to Pay for Senior Living// Life Care Funding’s program converts the death benefit of an in-force life insurance policy into a Long Term Care Benefit. Qualifying for the benefit is quick, uncomplicated, and can be done in as little time as 30…

Super Committee Holds Fate of Medicare and Medicaid in its Hands

October 25, 2011 / Chris Orestis

“The two most important driving forces for the federal budget are the aging of the U.S. population and rapidly rising health-care costs.” – Federal Reserve Chairman Ben Bernanke Law makers from both sides of the aisle have come together to create a “Super Committee” comprised of six Democrats and six Republicans, half come from the House of Representatives and half come from the Senate. The members of the Super Committee are tasked with finding at least $1.5 Trillion in budget cuts over 10 years….

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Medicaid, Medicare, Senior Issues

CMS Funding Changes Hit Nursing Homes

October 12, 2011 / Chris Orestis

National Underwriter By Allison Bell Skilled nursing facilities will depend on private-pay patients more than before now that a regulation cutting Medicare skilled nursing care funding has taken effect. The Alliance for Quality Nursing Home Care (AQNHC), Washington, a coalition of groups that represent nursing homes and rehabilitation centers, has been mounting a media campaign to try to draw attention to the impact the cuts have had on member facilities. The Centers for Medicare & Medicaid Services (CMS), an arm of the U.S. Department of…

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Elder Care, Nursing Home

Life Care Funding Group And Virtual Health Announce Strategic Partnership

October 5, 2011 / Chris Orestis

Alliance will help educate millions of consumers about their legal right to convert a life insurance policy into a long term care benefit plan Life Care Funding Group announced today the launch of a strategic partnership with Virtual Health, the first subscription-based, Aging-in-Place service provider that leverages cutting edge technology with national health providers to offer seniors “control, independence and dignity” and family care givers “a helping hand”. As part of the holistic approach to care, Virtual Health is partnering with Life Care Funding to…

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LifeCare Partnerships

States Look to Convert Life Insurance Policies to Long Term Care

September 2, 2011 / Chris Orestis

As the debate over how to balance the budget and whether to raise our nation’s debt ceiling rages on in Washington DC, we are seeing clearly that one of the fattest targets on the radar screen is Medicaid. Our nation’s Governors from both parties spoke out during the National Governor’s Association (NGA) annual meeting held in July and said they are “most worried that both President Obama and Congressional Republicans wanted to cut Medicaid payments to the states by $100 billion over the next decade.”…

Housing Bust Derails Some Seniors’ Assisted-Living Care

August 28, 2011 / Chris Orestis

By HARRIS MEYER When her 86-year-old mother, a retired nurse with Alzheimer’s disease, started wandering away from her Tallahassee, Fla., home in 2007, LuMarie Polivka-West knew it was time to move her and her 94-year-old father into an assisted-living facility. But because of the collapse in the real estate market, she couldn’t quickly sell her parents’ house to pay for a $3,200-per-month assisted-living apartment. So, for another year, while waiting for the house to sell, Polivka-West and her two brothers each contributed $600 a month…

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Economic Crisis

New Way To Pay for Senior Living Options

August 18, 2011 / Chris Orestis

By Richard Scott News of a novel benefit program at one of the largest senior care providers in the nation should come across as a big event for those involved in providing care for seniors. The benefit program takes a life insurance policy and converts it into real cost payments for a number of senior living options. The provider of the benefit program is Brookdale Senior Living, which developed the conversion policy with Lifecare Funding Group. The hope behind the so-called Long Term Care Benefit…

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Retirement Funding, Senior Issues

Life Care Funding Group To Lead Panel Discussion At Senior Market Expo

August 15, 2011 / Chris Orestis

Featured session will explore growing consumer, industry and political support for private pay funding solutions to help seniors pay for long term care Life Care Funding Group will lead a panel discussion entitled Consumer Disclosure Law: The Changing Face of Long Term Care Funding on August 25th at the Annual Senior Market Advisor Expo in Las Vegas. The panel session will consist of Chris Orestis, CEO of Life Care Funding Group as host and moderator with panelists: Jayne Sallerson Executive Vice President of Emeritus Senior…

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Long Term Care, Senior Issues

A Growing Strategy: Paying for Long-Term Care with Life Policies

August 12, 2011 / Chris Orestis

Medicaid was signed into law in 1965 by President Lyndon Johnson as a safety net to provide health care to the indigent and disabled. Over the years it has also become the major payer of long-term care services for the elderly in the United States: More than 10 million Americans now require long-term care annually and Medicaid funds at least two-thirds of all spending for nursing home care today. In 2009, $240 billion was spent on long-term care services, and Medicaid accounted for 43 percent…

Medical and Long Term Care Costs Top Retirement Concerns

July 31, 2011 / Chris Orestis

By Lauren McNitt ProWEB Wire (Industry News) Baby boomers are more concerned about their ability to pay for medical care in their old age than facing a major illness or losing the ability to do their favorite activities, according to a new Associated Press-LifeGoesStrong.com poll. Nearly half, 43 percent, of baby boomers said they were “very” or “extremely” worried about being able to pay their medical bills, including long term care. Almost as many, 41 percent, said they are concerned about losing their financial independence….

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Cost of Care, Retirement Funding

Parents’ Retirement Tough Act to Follow for Boomers

July 26, 2011 / Chris Orestis

CHICAGO, July 21, 2011 /PRNewswire/ — Two out of three (67 percent) of America’s middle-income Boomers expect that their retirement experience will be drastically different from that of their parents, according to a recent study released by the Bankers Life and Casualty Company Center for a Secure Retirement(SM) (CSR). The study, Middle-Income Boomers, Financial Security and the New Retirement, which focused on 500 middle-income Americans between ages 47 and 65 with income between $25,000 and $75,000, found that the pensions and guaranteed income are what…

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Cost of Care

Seniors Pay for Long Term Care Using Life Policies

July 19, 2011 / Chris Orestis

The White House and Republican leaders from Congress are currently engaged in a contentious negotiation over a balanced budget and how to rein in the massive debt our nation has incurred. The ability of Medicare and Medicaid to meet the demands for long-term care is being greatly challenged and reforms are inevitable. But one area that is receiving more emphasis is private-pay options to cover the costs of long-term care. Earlier this year, the two largest assisted-living companies in the United States made separate announcements…

Governors Brace for Inevitable Cuts to States as Debt Debate Rages On

July 16, 2011 / Chris Orestis

The rancorous debate in Washington over whether to raise the federal debt ceiling is alarming many of the nation’s governors from both parties, who fear that whatever the outcome, much-needed money will almost certainly be drained from their states. If the federal debt limit is not raised, several governors said as they gathered here on Friday for the semiannual meeting of the National Governors Association, the ensuing default will harm the economy, make it difficult for states to borrow money and delay some of the…

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State Health Care

Anthony Cirillo of About.com discusses the Assurance Benefit on You Tube

June 27, 2011 / Chris Orestis

Life Insurance Conversion to Long Term Care Benefit Transcript: People are trying to figure out how to pay for a long term care and long-term care insurance is certainly an option. I’ve come across something else called an assurance (long term care) benefit. What is does is convert a death benefit of an active life insurance policy to health care benefit. Its was brought to my attention when Emeritus Senior Living and Life Care Funding offered this option to people considering an assisted living facility. I…

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Senior Care Blog

Chris Orestis Interview at Senior Market Advisor VIDEO (part 1) and (part 2)

Emeritus Senior Living: Long Term Care Benefit Instructional Videos

Super Committee Holds Fate of Medicare and Medicaid in its Hands

CMS Funding Changes Hit Nursing Homes

Life Care Funding Group And Virtual Health Announce Strategic Partnership

States Look to Convert Life Insurance Policies to Long Term Care

Housing Bust Derails Some Seniors’ Assisted-Living Care

New Way To Pay for Senior Living Options

Life Care Funding Group To Lead Panel Discussion At Senior Market Expo

A Growing Strategy: Paying for Long-Term Care with Life Policies

Medical and Long Term Care Costs Top Retirement Concerns

Parents’ Retirement Tough Act to Follow for Boomers

Seniors Pay for Long Term Care Using Life Policies

Governors Brace for Inevitable Cuts to States as Debt Debate Rages On

Anthony Cirillo of About.com discusses the Assurance Benefit on You Tube

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