As a shoe aficionado, I have observed that long-term care planning is quickly starting to resemble my closet of 100 pairs of shoes.
Tag: home care insurance
Jul 15
Dave Ramsey helps so many people but he is way off on when to buy LTC coverage
If Dave could just grasp that telling people to wait until their 60s can not only price them out of the market, it can make them uninsurable so that no amount of money will buy it for them. Sadly, the 60 year olds who try and fail to get LTC insurance are very likely to lose the financial peace for which they turned to him to start with because long-term care is the most common reason people outlive their savings.
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.
Apr 16
What happens if a LTC insurer goes out of business? How common does this happen?
Each state has a guaranty fund to protect policyholders from an insurance company that goes out of business. This is an extremely rare situation with long-term care insurance. This article explains what happens to your coverage if a company is declared insolvent.
Mar 16
My new book will tell you why 2013 is the year to get LTC insurance!
You’re not sure LTC insurance is the best solution for you? No problem. After you read this book, you will know enough to make an informed decision and I will have done my job.
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.
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 …
Jul 15
True Group vs. Multi-Life
Size matters. When we say that about half of the long-term care insurance policies were bought at work, we are talking about a combination of true group and multi-life. Multi-life generally applies to companies with less than 100 employees but can extend several hundred What is the difference? Multi-life LTCI is simply an individual long-term …
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 …
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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