Tag: Cost of latte and long term care

Dec 09

The Duckett Family

By Phyllis Shelton

The story of my dear clients, Vernon and Helen Duckett.

6 comments

Apr 30

How much does long-term care insurance cost? (rate calculator for sample plan)

By Phyllis Shelton

Buying long-term care insurance is like buying a car. You pay for the core components like an engine and four wheels with tires on them, then add the options that mean the most to you.

36 comments

Sep 22

The CLASS Act (YES, You Still Need Long‐Term Care Insurance!!)

By Phyllis Shelton

The Community Living Assistance Services and Supports (CLASS) Act is a provision in Section 8002 of the new health care reform bill (The Patient Protection and Affordable Care Act, Public Law 111‐148) enacted March 23, 2010. The CLASS Act is supposed to provide a small cash benefit of an average of $50 a day with a lifetime benefit period depending on the level of impairment. For example, needing help with four Activities of Daily Living vs. two would result in an increased benefit. This benefit is guaranteed issue and is designed to help people with limitations stay in the community instead of going to a nursing home. The program is supposed to be funded solely by premiums paid by employees who do not opt out via payroll deductions by the employers who choose to participate.

May 29

The Balancing Act

By Phyllis Shelton

Phyllis Shelton was a guest on Lifetime Television’s “The Balancing Act” to talk about how caregiving without the help of long term care insurance can crush the dreams of millions of American women, emotionally and financially.