Long-Term Care Insurance Now
Welcome to Long-Term Care Insurance Now. Your trusted source for the latest insights, updates, and expert guidance on long-term care insurance. This show aims to break down everything you need to know to make informed decisions about protecting your future.
Hosted by Scott A. Olson, CLTC, a nationally recognized expert with over 25 years of experience in the field. His work has been featured in the New York Times, among other national and trade publications. Scott has helped thousands of individuals and families navigate the complex world of long-term care planning.
Long-Term Care Insurance Now
The Hidden Trap in the New York Long Term Care Trust Act
Use Left/Right to seek, Home/End to jump to start or end. Hold shift to jump forward or backward.
In this episode, long-term care expert Scott A. Olson breaks down the proposed New York Long-Term Care Trust Act and the potential impact it could have on your paycheck. Modeled after a similar program in Washington State, this legislation would implement a mandatory payroll deduction for W-2 and self-employed workers to fund a state-run long-term care program. Olson warns viewers about a "hidden trap" in the current bill: a retroactive opt-out deadline that requires residents to own private insurance before the bill is even officially signed into law.
Buy my book on Amazon: https://zurl.co/6YK23
Listen to the podcast: https://zurl.co/dtGSK
Watch our YouTube channel: https://zurl.co/0DvqQ
Visit our website to learn more: https://zurl.co/8BxY3
Scott A. Olson, CLTC®, is co-founder of LTCShop.com and host of Long-Term Care Insurance Now. He has specialized exclusively in long-term care insurance since 1995 and is licensed nationwide. His National Producer Number (NPN) is 617232.
Policy features, riders, and definitions mentioned in this article vary heavily by insurance carrier and state regulations. Partnership protections apply only to state-approved plans. Consult an LTCShop.com licensed specialist for specific carrier language.