Linked Benefit Long-Term Care Insurance Prices Drop Up to 27 Percent

 Costs for linked benefit long-term care insurance coverage are lower than a year ago according to the 2024 Long-Term Care Insurance Price Index released today by the American Association for Long-Term Care Insurance.

“Great news for aging individuals who are thinking about their risk of needing care one day,” states Jesse Slome, director of the long-term care insurance organization. The 2024 Long-Term Care Insurance Price Index is the organization’s annual compilation of costs for both traditional and linked benefit long-term care insurance.

”Interest rates are significantly higher than a year ago and that has enabled some insurers to reprice their products,” Slome explains. “Someone applying for new coverage in 2024 can obtain more coverage for less cost than basically the identical coverage purchased a year ago.”

According to the 2024 Price Index, a single 55-year-old male purchasing coverage that would provide around $520,000 of potential long-term care benefits at age 90 could expect to pay $5,022 in annual premiums. The same coverage would have cost $5,600 according to the Association’s 2023 LTC Price Index. Access the 2024 long-term care insurance data at https://www.aaltci.org/long-term-care-insurance/learning-center/ltcfacts-2023.php.

“Savings were higher for women according to our analysis and those who paid for coverage with a single lump sum would enjoy greater savings this year,” Slome added.

“There are more insurers offering various types of linked benefit products that combine life insurance with the potential for long-term care benefits,” Slome explained. “There are significant differences between many of these products and going on price alone or just a single recommendation from your financial representative isn’t always the best course of action.”

The American Association for Long-Term Care Insurance (AALTCI) advocates for the importance of planning and supports insurance professionals who market both traditional and hybrid LTC solutions. To learn more or to connect with linked-benefit long-term care insurance specialists visit the organization’s website at https://www.aaltci.org or call 818-597-3227.

American Association for Medicare Supplement Insurance
Jesse Slome
818-597-3205
https://www.aaltci.org

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Careington Benefit Solutions Announces Launch of Two New Discount Plans through QuoteSavant Brand

FRISCO, TexasOct. 18, 2023PRLog — Careington Benefit Solutions announces that its direct-to-consumer brand, QuoteSavant, now offers two new discount plan options: SavantSelect Health Plus Savings and SavantSelect Auto Plus Savings. Backed by more than 40 years of industry experience, QuoteSavant is a customer-first comparison service that helps consumers shop for insurance and, now, discount plans.

With expertise in the insurance landscape, QuoteSavant wanted to expand its extensive suite of service offerings beyond traditional insurance. QuoteSavant discount plans are not insurance. The plans are designed to provide discounted prices on a wide range of health, wellness, lifestyle and financial products and services. With the SavantSelect Health Plus Savings Plan, consumers and their families can access significant savings on dental, vision, hearing, prescription drugs, diabetic care, virtual pet care & guidance and more. The plan also includes DialCare Urgent Care for 24/7/365 access to licensed medical professionals via phone or video consultation for treatment and advice of common ailments.

In addition to savings on health care, QuoteSavant expanded its discount program options to prioritize customers’ safety and financial stability. The SavantSelect Auto Plus Savings Plan includes discounts on 24/7/365 roadside assistance, identity theft protection, legal services, emergency travel assistance, tax preparation & advice and financial counseling.

“After developing our name as a successful insurance-shopping hub, we’re proud to expand upon our services to now offer the SavantSelect plans directly to consumers through QuoteSavant,” said Chuck Misasi, Executive Vice President of Direct Marketing and Customer Engagement at Careington Benefit Solutions. “The SavantSelect plans are a great complement to traditional insurance and can help customers access savings on a wide variety of services from dental, vision, hearing and telemedicine to financial planning, identity theft protection and more.”

Aiming to bring a concierge-style approach to shopping for products and services, QuoteSavant advisors can help members and their families sign up for one or both savings plans.

“The Careington family of companies has been a leader in the health and wellness benefits space specializing in dental discount plans for over four decades,” said Careington Benefits Solutions Chief Executive Officer Stewart Sweda. “With the goal of saving consumers time and money always in mind, we’re glad to add the SavantSelect Savings plans to the suite of QuoteSavant’s customer-centric services.”

Beyond the new SavantSelect Savings plans, QuoteSavant’s insurance offerings include home, auto, teen driver, classic car, pet, umbrella, life, Medicare Advantage, Medicare Supplement and more.

About Careington Benefit Solutions

Careington Benefit Solutions, an affiliate of Careington International Corporation, is a nationally licensed insurance agency and Third Party Administrator that provides a range of competitive insurance product options and comprehensive suite of administration services, including claims administration, individual and group billing, premium collection, enrollment, policy fulfillment, custom product manufacturing and more to support our many diverse clients, including large insurance companies. Our flexibility in the level of administrative support we provide allows us to customize any client solution as an a-la-carte scenario or a complete turnkey option as a single-source product, service and administrative solution. Careington Benefit Solutions includes a direct-to-consumer brand, QuoteSavant, created to help consumers navigate the complex process of buying insurance as well as non-insurance benefits. Our licensed agents shop top plans and provide quotes to help individuals find plans to fit their budgets. To learn more about QuoteSavant’s personalized plan shopping process, visit www.quotesavant.com. For more information on Careington Benefit Solutions’ insurance product options and customized insurance administration services, please visit www.careingtonbenefitsolutions.com.

Contact
Jamie Saunders
Vice President of Marketing and Communications
Careington Benefit Solutions
***@careington.com

Careington Benefit Solutions Announces Launch of New Dental & Vision Insurance Plans through QuoteS

FRISCO, TexasJune 29, 2023PRLog — Careington Benefit Solutions announces that its direct-to-consumer brand, QuoteSavant, has expanded its variety of available insurance policies to now include dental and vision plans. QuoteSavant, a customer-first comparison service, is backed by more than 40 years of industry experience. QuoteSavant successfully helps consumers navigate the complexity of shopping for insurance coverage.

With dental plan expertise and dental benefits administration as core competencies, Careington Benefit Solutions wanted to broaden its suite of offerings available through QuoteSavant to include dental insurance. While consumers have the self-service option to shop insurance offerings through the website, QuoteSavant’s team of licensed client advisors help find a customized plan to best suit the needs and budgets of individuals and their families. QuoteSavant’s wide selection of dental plans are accepted by quality dentists across the nation through several top-name carriers.

With the success of its new dental insurance service, QuoteSavant wanted to further expand its insurance coverage options to include vision. Now, QuoteSavant client advisors help match consumers with a variety of affordable vision plans and eye care benefits through a nationally leading carrier. Most plans provide discounts on eye exams, lens fitting and routine eyeglass exams, and some include full coverage for prescription eyeglasses.

“We are proud to offer dental and vision insurance options for our growing customer base through our QuoteSavant brand,” Careington Benefit Solutions Senior Vice President of Sales & Marketing Chuck Misasi said. “After successfully helping people find coverage for a variety of insurance products, we are pleased that our Savants can also help match consumers with the best dental and vision insurance to meet their unique needs.”

QuoteSavant aims to bring an elevated, concierge-style approach to shopping for insurance. Client advisors compare, quote and enroll consumers and their families in affordable insurance plans.

“QuoteSavant has been a growing brand for Careington Benefit Solutions, helping consumers to easily shop for coverage through experienced agents who understand the complexity of finding insurance,” CEO Stewart Sweda said. “We hope to continue to expand the ways in which we can help consumers save time and money with our customer-centric insurance comparison service.”

Beyond the new dental and vision plans, QuoteSavant’s insurance offerings include home, auto, teen driver, classic car, pet, umbrella, life, Medicare Advantage and more.

About Careington Benefit Solutions

Careington Benefit Solutions, an affiliate of Careington International Corporation, is a nationally licensed insurance agency and Third Party Administrator that provides a range of competitive insurance product options and comprehensive suite of administration services, including claims administration, individual and group billing, premium collection, enrollment, policy fulfillment, custom product manufacturing and more to support our many diverse clients, including large insurance companies. Our flexibility in the level of administrative support we provide allows us to customize any client solution as an a-la-carte scenario or a complete turnkey option as a single-source product, service and administrative solution. Careington Benefit Solutions includes a direct-to-consumer brand, QuoteSavant, created to help consumers navigate the complex process of buying insurance. Our licensed agents shop top plans and provide quotes to help individuals find coverage to fit their budgets. To learn more about QuoteSavant’s personalized policy shopping process, visit www.quotesavant.com. For more information on Careington Benefit Solutions’ insurance product options and customized insurance administration services, please visit www.careingtonbenefitsolutions.com.

Contact
Jamie Saunders
Vice President of Marketing and Communications
Careington International Corporation
***@careington.com

Benefit Resource Acquires North Coast Administrators and Signals Expansion in the Great Lakes Region

 Benefit Resource (BRI), a leading provider of innovative and dedicated administration of tax-free benefits programs, announced today the acquisition of North Coast Administrators (NCA), an Ohio-based administrator of consumer-directed benefits and benefit continuation services.

“North Coast Administrators has a long history of providing its clients personalized and dedicated service, an ethos and focus that unites the two organizations. This philosophical alignment made them an ideal fit for our company from a culture and values standpoint. In addition, this transaction further cements our position as the preeminent provider of consumer-directed benefit services across the Great Lakes and the Northeastern United States,” said Jason Hall, CEO of BRI.

BRI and NCA share a vision for what constitutes best-in-class service: ensuring client satisfaction remains at the forefront, with market-leading expertise delivered alongside integrity. In addition to personalized service, BRI ranks 95% and above in customer satisfaction and service aspects, including professionalism, friendliness and responsiveness.

“The NCA team feels this is a very positive and exciting step forward, both for our team and for our clients,” said Nicolette Rios, president of NCA. “We feel that this partnership with BRI will allow our broker partners and clients to receive the same great service they received from NCA, but they will also benefit from partnership with a larger organization. In particular, I know they will be very impressed with the communication and educational tools that BRI offers. BRI has a very similar philosophy in how they approach account management, which made them the ideal choice.”

About Benefit Resource (BRI):

BRI (BenefitResource.com) provides dedicated pre-tax account administration and COBRA services nationwide to clients ranging from small businesses to Fortune 100 companies. BRI pioneered paperless card technology and continues to lead the industry with a one-card solution for FSA, HRA, HSA, and Parking/Mass Transit plan administration, online enrollment and account management to simplify human resource involvement, and mobile balance and receipt applications to provide added convenience to participants.

About North Coast Administrators (NCA):

NCA’s primary focus is the design and delivery of consumer-driven health benefits plans that range from Section 125 Plans, Commuter Expense Benefits Section 132(f), Flexible Spending (FSA) and Dependent Care Accounts, Health Reimbursement Accounts (HRA), Health Savings Accounts (HSA), to full Cafeteria Plans that include benefit credentials and a full menu of choices. As part of the administration process, they also offer services for our COBRA, HIPAA, retirement, and direct billing clients. They have created efficiencies that allow them to provide superior services at reasonable prices. NCA works to design and implement attractive flexible benefit arrangements that are tailor-made to meet specific objectives and employee populations.

Benefit Resource

Becky Seefeldt

920-946-8123

https://www.benefitresource.com/

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Canada – Western PEI will benefit from investments to help bring people back to public spaces safely

Canadian cities and towns flourish when they have community public spaces to promote social interaction and physical activity, and provide access to recreational programs and facilities. These amenities are integral to the overall well-being of individuals, families and communities. Our economic recovery is closely linked to the vitality of our local communities and their shared spaces.

Government of Canada fueling community revitalization and creating the conditions for local economies to thrive as they rebound from the effects of COVID-19

March 18, 2022 · Wellington, Prince Edward Island· Atlantic Canada Opportunities Agency (ACOA)

Canadian cities and towns flourish when they have community public spaces to promote social interaction and physical activity, and provide access to recreational programs and facilities. These amenities are integral to the overall well-being of individuals, families and communities. Our economic recovery is closely linked to the vitality of our local communities and their shared spaces.

Today, Bobby Morrissey, Member of Parliament for Egmont, announced total investments of $706,410 through the Canada Community Revitalization Fund (CCRF) for eight projects in western Prince Edward Island. The announcement was made on behalf of the Honourable Ginette Petitpas Taylor, Minister of Official Languages and Minister responsible for ACOA.

For the full list of projects, please see backgrounder.

The CCRF was launched in June 2021. The Fund provides $500 million over two years to Canada’s regional development agencies (RDAs) to invest in shared and inclusive public spaces. As public health restrictions ease, the Government of Canada remains committed to investing in shared spaces to make them safer, greener and more accessible. This in turn will stimulate local economies, create jobs, and improve the quality of life for Canadians.

“Strong, vibrant communities in Prince Edward Island are a critical part of a robust and inclusive economic recovery. Investing in shared public spaces helps revitalize local economies, boosts tourism, creates jobs, and gives residents a place to come together safely.”

–    The Honourable Ginette Petitpas Taylor, Minister of Official Languages and Minister responsible for ACOA

CCRF funding will support two major streams of activity:

o    adapt community spaces and assets so that they may be used safely in accordance with local public health guidelines,

o    build or improve community spaces to encourage Canadians to re-engage in, and explore their communities and regions. 

Eligible recipients will include not-for-profit organizations; rural, municipal or regional governments; Indigenous groups and communities; and public sector bodies that provide municipal-type infrastructure. 

Priority may be given to projects that encourage the participation of underrepresented groups and take into consideration the unique challenges of rural and remote communities. 

For more information on the application process, eligibility criteria and eligible expenses, or to apply for the CCRF, reach out to your regional development agency.

Canada’s regional development agencies are continuing to deliver targeted support for economic recovery in the region. Application intake is open through the Atlantic Canada Opportunities Agency for the Canada Community Revitalization Fund, Jobs and Growth Fund, Aerospace Regional Recovery Initiative and Tourism Relief Fund.