Tag: informal care

Aug 21

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

By Phyllis Shelton

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

2 comments

Jul 22

Long-Term Care Insurance: A Priceless Equation

By Phyllis Shelton

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 …

4 comments

Jan 07

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

By Phyllis Shelton

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 …

1 comments

Sep 03

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

By Phyllis Shelton

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

2 comments

Aug 23

The Impact of Long-Term Care on the Employer

By Phyllis Shelton

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

2 comments

Mar 13

The Federal Long-Term Care Insurance Plan with 2011 Open Season Update

By Phyllis Shelton

The largest employer-sponsored long-term care insurance program with eligibility estimated at 20 million people, was launched in March of 2002 with limited benefits, and expanded during Open Season (July 1 – December 31, 2002) with full benefits and abbreviated underwriting for active employees and spouses. The Office of Personnel Management (OPM) selected John Hancock and …

14 comments

Mar 12

What is Long-Term Care?

By Phyllis Shelton

There are many names for this event that can dramatically affect your relationships with others – your parents, children, siblings, and yes, it can and does affect marriages and committed relationships in many ways. Together we will explore the financial side of course, but not stop there. The most common name for this is long-term …