So much is happening in healthcare that I feel it is a priority to stay on top of the industry changes. That is why MgBoals & Associates, LLC attended, and was a speaker at, the 2011 American Association for Long-Term Care Insurance (AALTCi) Summit this week.
500 long term care specialists from around the country were in attendance with executives from each of the largest national carriers represented. I have included some photos from the convention.
It was a pleasure to finally meet the Executive Director of the AALTCi, Jesse Slome in person. Jesse is the “go—to” person for most national inquiries regarding the industry. His passion for LTC planning and products is contagious!
As attendees we had the opportunity to address questions to a panel of executives from the largest LTC carriers. Included in the panel were: (L to R)
Marianne Harrison, President LTC, John Hancock Financial Services, Boston, MA
Bill Jones, President and COO, MedAmerica Insurance Co, Rochester, NY
Malcolm Cheung, Vice-President, Prudential, Roseland, NJ
Ross Bagshaw, President & CEO, TransAmerica LTC, Bedford. TX
Beth Ludden, Senior VP Product Development, Genworth Financial, Richmond, VA
Much of the focus was on the impact of the Federal CLASS Act and how it will impact product design and growth in the future. Many agree that this is an industry ready to “explode” with growth due to the Baby Boomers.
And speaking of the CLASS Act, Robert Yee, CLASS Act Actuary, US Department of Health and Human Services, Washington DC was part of a panel to discuss how the CLASS Act will move forward. Mr. Yee has only been on the job a few weeks, but knows he has a huge task ahead of him.