Meet Chris Orestis

I am the CEO of Life Care Funding, a company I co-founded in 2007 to help seniors struggling with the costs of Long Term Care. From the work I was doing in Washington, DC on health care reform and long term care, I saw the enormous financial crisis facing our country and families in need of long term care for a loved one. I also saw how unfair the long term care system had become-- particularly for middle class Americans, and in 2007 decided to take action by launching Life Care Funding.

The vast majority of long term care is paid for by Medicaid, and to qualify the applicant must meet asset and income limits that would put them below the poverty line. A standard practice is to “spend-down” assets to meet these limits, and often times owners of life insurance will lapse or surrender their policy so that it will not either count against them as an asset. I knew there was a better option for seniors that own a life policy than just abandoning an asset that they had made payments on for years.

Creation of the Long Term Care Benefit Plan

Working with a group of long term care experts, I developed a method that would allow policy owners to convert their policy’s death benefit into a “living benefit” so they can remain private pay and choose the form of care that they want. This innovation became known as a “Long Term Care Benefit Plan”; and it is now an accepted form of payment for Senior Care services with every care provider in the United States. Because the Benefit Plan funds are protects the funds as an irrevocable account only to be used for senior care expenses, it is a tax-free, Medicaid qualified spend-down of an asset that millions of seniors have been abandoning as they move towards long term care.

Professional Background

Allow me to take a moment to introduce myself with more detail about my background. I am a former Washington DC lobbyist and have had an almost 20 year career in both the insurance and long term care industries. I have become a nationally known senior care advocate, and expert on insurance and long term care issues. I am the author of over 50 published papers and the author of the Amazon Best Seller List book, “Help on the Way”. I am a legislative expert, featured speaker, columnist and contributor to a number of insurance and long term care industry publications. I am a frequent guest about senior issues on national radio programs; and I have been fortunate enough to be featured in the Wall Street Journal, New York Times, USA Today, Kiplinger’s, Fox Business News, and PBS. I am a contributing blogger to A Place for Mom, the Senior List and the Portland Press Herald.

My early career began with senior positions on a number of political campaigns before working in 1993 and 1994 for both the White House and the Senate Majority Leader on Capitol Hill. From that point, I spent the next several years representing the health and life insurance industry as Vice President and Senior Vice President respectively for the Health Insurance Association of America (HIAA) and the American Council of Life Insurers (ACLI). In 1999, I was awarded the Robert R. Neal Medal by HIAA for distinction and service to the insurance industry. I was named to the Advisory Board of the 3in4 Need More Association in 2012.

I contributed to the 2013 Long Term Care Commission report, and have also testified before national political bodies such as the National Conference of Insurance Legislators (NCOIL) and numerous state regulators and legislatures such as Florida, Louisiana, New Jersey, Maine and Texas.

Personal Life

I live in the greater Portland, Maine region. I am an avid fly fisherman, skier, and classic automobile enthusiast. I love all types of music, and I truly enjoy playing a spirited game of chess. I am a family man and love spending time with my awesome, energetic sons.

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