Tag Archive: cost of long term care

Oct 24

What Does Long-Term Care Cost?

Planning for long-term care is best done with information gathering to make an informed decision. The “deer in headlights” approach doesn’t work.

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Jul 03

Phyllis Shelton Says Wall St. Journal Didn’t Go Deep Enough on LTC Insurance Rate Increases

Phyllis Shelton expands on the July 1, 2013 Wall St. Journal article that discusses LTC insurance rate increases by showing how to evaluate a rate increase, how to save money by buying Long-Term Care Partnership plans, and how to view the impact of not planning for extended health care.

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Aug 21

Planning for Long-Term Care Inflation Isn’t Rocket Science, Folks

The new John Hancock Benefit Builder product has turned long-term care insurance into an investment instead of an insurance product.

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Jul 22

Long-Term Care Insurance: A Priceless Equation

CNBC allows you to vote on “Would You Buy Long-Term Care Insurance” at this story: http://www.cnbc.com/id/47703131 This article says the premiums are expensive.  I hear that all the time.  Are they expensive? I have to expand the question to those who make that statement. Long-term care insurance premiums are expensive compared to what? Compared to …

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Jul 14

How the Supreme Court Decision Affects Long-Term Care Insurance

The Supreme Court decision on June 28, 2012 makes it even more critical for people to own long-term care insurance as it is highly questionable as to how many Medicaid dollars will be there for LTC in the future. In 20-30 years, people who need long-term care will be sharply divided between haves and have-nots. Many people who elected to self-insure will be squarely in the middle of the have-not bucket as the cost of care soars to $1000 a day in 30 years. Money buys choices. Without long-term care insurance, most families simply won’t have the money to buy care and their worst nightmare will happen as the burden for their care falls on their children and grandchildren.

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Jan 07

What Happened to the New Government Program That Was Supposed to Pay for Long-Term Care?

The Community Living Assistance Services and Supports (CLASS) Act was a provision in the 2010 health care reform act (Public Law 111-148) that was supposed to provide an average benefit of $50 a day depending on the level of impairment with a lifetime (unlimited) benefit period. This benefit would grow each year based on Urban …

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Dec 20

Long-Term Care Insurance Tax Deduction for Greater Than 2% Shareholders of S-Corporations

For those who have wondered how the long-term care insurance self-employed tax deduction works for owners of S-Corporations, this straightforward explanation clears it up.

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Sep 03

Consumer Protections in Today’s Long-Term Care Insurance Policies

There are many protections for consumers in today’s long-term care insurance policies.

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Aug 23

The Impact of Long-Term Care on the Employer

Many employers have come to recognize that long-term care insurance can be “productivity insurance.”

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Jul 16

How to Determine the Value of LTC Insurance After Rate Increases

The premium she has paid over 11 years would only pay for a couple of months of daily home care or nursing home care at current costs or four months in an assisted living facility.

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