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.
Tag: Medicaid
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.
Dec 16
Free brochure to share with all you know to save state budget dollars for education and public safety
I’ve been trying since July 2010 to bring attention to the fact Americans think deciding to insure for long-term care is a personal choice, affecting only them. Americans are really choosing between paying long-term care insurance premium which leaves dollars in the state budget for education or not buying LTC insurance, which diverts state budget …
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.
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 …
Sep 22
The CLASS Act (YES, You Still Need Long‐Term Care Insurance!!)
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.
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.
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.”
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.
May 29
The Balancing Act
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.
Now Available
The ABCs of Long Term Care Insurance
- PLUS -
Protecting Your Family
With Long-Term Care Insurance
- PLUS -
Protecting Your Family
With Long-Term Care Insurance
GET BOTH BOOKS for only $29.95!
Phyllis Recommends
