[LTPC-disc] Fw: www.newLTC.com

[Forman, Robert]

Yes that's right.  The problem is that benefits are capitated based on the
diagnosis.  So, say you had a stroke.  The benefit may be 20k for a stroke.
Or 30k for dementia.  So you are really limiting yourself in terms of what
coverage you really may end up having.  It's not like buying a pool of money
and knowing you could use the whole thing for a stroke if you wanted to.

RTF

> -----Original Message-----
> From:	Doug Burg [SMTP:doug@dougburg.com]
> Sent:	Wednesday, June 11, 2003 10:05 AM
> To:	ltpc-disc@ltpcalums.com
> Subject:	Re: [LTPC-disc] Fw: www.newLTC.com
> 
> Robert,
> 
> Ok, I know what DRG's are... DRG's relate to Medicare and the diagnosis of
> an illness or injury.  In Medicare DRG's are used to determine what type
> of
> benefits the patient will receive.  So you are saying that the "trigger"
> in
> this proposed policy is the actual type or manner of illness or injury and
> not a "general" decline in functional ability (ADL or Cognitive)?
> 
> If that is the case, tell me why that is a bad idea.  I think I know, but
> I
> want to hear your viewpoint.
> 
> Thanks,
> Doug
> 
> ----- Original Message ----- 
> From: "Forman, Robert" <robert.forman@ltpc.cendant.com>
> To: <ltpc-disc@ltpcalums.com>
> Sent: Wednesday, June 11, 2003 10:45 AM
> Subject: RE: [LTPC-disc] Fw: www.newLTC.com
> 
> 
> I know this guy.  It's a DRG based reimbursement type policy.  He's been
> hawking this for years with no takers!
> 
> RTF
> 
> > -----Original Message-----
> > From: Doug Burg [SMTP:doug@dougburg.com]
> > Sent: Tuesday, June 10, 2003 4:32 PM
> > To: ltpc-disc@ltpcalums.com
> > Subject: [LTPC-disc] Fw: www.newLTC.com
> >
> > This page seems very short on details and I didn't see any mention about
> > Inflation Protection.   Does anyone know anything about this?
> >
> > ----- Original Message ----- 
> > From: Jdw725@aol.com <mailto:Jdw725@aol.com>
> > To: doug@ltc-info.com <mailto:doug@ltc-info.com>
> > Sent: Tuesday, June 10, 2003 4:00 PM
> > Subject: www.newLTC.com <http://www.newLTC.com>
> >
> > Special Attn: Doug Burg
> >
> > We have developed a major new approach for insuring long-term care.   It
> > makes this
> > much needed coverage affordable and more appealing for middle income
> > prospects.
> >
> > Our unique tiering of benefits produces a safe, superior policy that
> would
> > cost half as
> > much - or even less - as a competitor trying to match it.   The benefit
> > design was granted a
> > US Patent, a first for LTCi.
> >
> > We are not an insurer.   We are seeking suitable carriers to bring this
> > innovative design to
> > market, and would welcome the help of accredited professionals familiar
> > with proven
> > companies.   Valuable exclusives are possible.   This is virgin
> territory.
> >
> >
> > There is a brief presentation at our new website, including a draft
> policy
> > and premiums.
> > www.newLTC.com.   It's worth a careful review, and a printout will make
> it
> > easy.
> >
> > Jerry D. Wilson, President
> > Mega Group International, Ltd.
> > 800-795-1654
> >
> >
> >
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  The information in this electronic mail message is Cendant Confidential
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