Chris Orestis on 1380 The Woman

July 30, 2013 / Chris Orestis

Life Care Funding CEO and spokesperson, Chris Orestis, has been touring the country. Chris has been hopping from one radio station to another teaching people about a little known life insurance opportunity, selling it. Through Life Care Funding, you can end your life insurance payments, and pay for senior care. Every year thousands of seniors throw away their life insurance policies because they don’t know what Life Care Funding can do for them. Senior care can be extremely expensive, and having to pay for both care and…

Maine Lawmaker’s Bill Highlights Novel Option for Affording Long-Term Care

April 29, 2013 / Chris Orestis

Maine seniors and the state’s cash-strapped MaineCare program could both win under new legislation up for debate Wednesday in the Legislature, according to the bill’s supporters. The legislation, sponsored by Sen. Margaret Craven, D-Lewiston, involves an often overlooked way for seniors to pay for long-term care. The bill aims to help some older consumers who, faced with the prospect of paying for expensive assisted-living and nursing facilities, surrender their life insurance policies in order to qualify for MaineCare, Maine’s version of Medicaid. To qualify for…

Bill Aims to Give Maine Seniors Another Option to Pay for End-of-Life Care

April 25, 2013 / Chris Orestis

According to the National Institutes of Health, nearly seven in 10 people over age 65 will need long term care at some point in their lives. But a recent poll by the AP-NORC Center for Public Affairs Research finds that most Americans don’t believe they’ll ever need long-term care, and don’t plan much for it. A bill in Maine seeks to help seniors pay for this care by using life insurance policies. As Patty Wight reports, supporters say the bill gives seniors more choice about their care and saves the state’s MaineCare program money.

Life Care Funding CEO to Testify Before Maine Senate on Long Term Care

April 23, 2013 / Chris Orestis

Chris Orestis, CEO, Life Care Funding, will testify before the Maine Senate Committee on Insurance and Financial Services. LD 1092 is the first bill in Maine to inform life insurance policy owners that they can convert a policy into a Long Term Care Benefit Plan as part of a Medicaid qualified spend-down.

Long Term Care Legislation and the Conversion Option

April 11, 2013 / Chris Orestis

With the growth of America’s baby boomer population, issues surrounding the long term care industry have taken on a new found importance. Even through careful retirement planning, unforeseen circumstances can create an entirely different set of needs, practically overnight. Too often these topics are forced upon us when an immediate senior care option is needed for us or our family members. When this happens many seniors assume their only option is to abandon the policy in order to qualify for Medicaid. Understanding your other options…

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Insurance Conversion, State Bills

Recent Testimony before the Texas House Committee on Long Term Care

March 23, 2013 / Chris Orestis

Texas State Legislature, Texas House Committee on Human Services Testimony

HB 2383 and SB 1321 Testimony before the Texas House Committee on Long Term Care Tuesday, March 26, 2013 Presented by Chris Orestis, CEO of Life Care Funding My name is Chris Orestis and I am the CEO of Life Care Funding. Our company was founded five years ago with the mission to help seniors and their families extend their ability to pay for their choice of long term care by converting a life insurance policy into a Long Term Care Benefit Plan. Too…

Policy Conversion Report Released by Florida Medicaid Department

January 18, 2013 / Chris Orestis

The report and accompanying legislation includes the “Private Option” to convert a policy into a Long Term Care Benefit Plan modeled after Life Care Funding (see page 6 of the Medicaid Department Report). A powerful coalition of interests have come together to support the use of life insurance as a tool to pay for the costs of long term care. The Florida Health Care Association, the Florida Chamber of Commerce, AARP, the Florida Assisted Living Federation, the life insurance industry (carriers and agents), and the…

Three States Pass Life Insurance Policy Conversion Study Bills

April 7, 2012 / Chris Orestis

FL, CT, and HI look to long term care benefit plans to offset Medicaid costs Joining Connecticut and Florida, Hawaii is the latest state to pass a study bill establishing a task force and time frame to examine the conversion of life insurance policies into Long Term Care Benefit Plans. With states facing enormous fiscal pressures and ballooning Medicaid budgets, they are all looking for private market solutions to help extend peoples’ ability to remain private pay in long term care for as long as…

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Insurance Conversion, State Bills

Florida Legislature Passes Life Insurance Policy Conversion Study Bill

March 12, 2012 / Chris Orestis

Study Bill will examine tax dollar savings from converting life insurance policies into long term care benefit plans for Medicaid eligibility (March 12, 2012)— Life Care Funding Group congratulates the Florida legislature for passing HB 5001 during the 2012 legislative session; thereby establishing a task force and time frame to examine the cost savings for Florida tax payers derived through the conversion of existing life insurance policies into long term care benefit plans as part of a required Medicaid spend-down eligibility regimen. An earlier bi-cameral…

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Insurance Conversion, State Bills

Florida Legislature Introduces Consumer Protection Disclosure Bill

January 24, 2012 / Chris Orestis

Center for Economic Forecasting and Analysis (CEFA) estimates annual savings from policy conversions over $150 million to Florida Medicaid and Tax Payers Since the National Conference of Insurance Legislators (NCOIL) unanimously passed the Life Insurance Consumer Disclosure Model Law in 2010, states all across the country have been looking at the cost savings impact on stressed Medicaid budgets by converting life insurance policies into long term care benefit plans. The policy conversion option was one of the consumer protection disclosure requirements included in NCOIL’s model…

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Consumer Protection, State Bills

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Posts tagged "State Bills"

Chris Orestis on 1380 The Woman

Maine Lawmaker’s Bill Highlights Novel Option for Affording Long-Term Care

Bill Aims to Give Maine Seniors Another Option to Pay for End-of-Life Care

Life Care Funding CEO to Testify Before Maine Senate on Long Term Care

Long Term Care Legislation and the Conversion Option

Recent Testimony before the Texas House Committee on Long Term Care

Policy Conversion Report Released by Florida Medicaid Department

Three States Pass Life Insurance Policy Conversion Study Bills

Florida Legislature Passes Life Insurance Policy Conversion Study Bill

Florida Legislature Introduces Consumer Protection Disclosure Bill

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