Tag Archive: nursing homes

Mar 11

Denial is Not a River in Egypt

People have a 50 percent chance of needing LTC at some point in life, and about 30 percent of people who do may need care for five years or more, according to a new study by LifePlans, Inc. Being in denial about this could be the worst thing you ever do to the people who love you.

Continue reading »

Dec 10

The Dramatic Difference LTC Insurance Makes to the Caregiver

Mary and Valerie have a lot in common as they are both caregivers. Mary’s Aunt Julia has long-term care insurance, whereas Valerie’s mother does not. Does it make a difference? Have you considered long-term care insurance to protect your family from the impact on Valerie’s life?

Continue reading »

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.

Continue reading »

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.

Continue reading »

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.

Continue reading »

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 …

Continue reading »

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.

Continue reading »

May 23

Assisted Living

Long term care insurance has allowed her 84-year-old mother to have peace-of-mind after moving into an assisted living facility.

Continue reading »

May 23

Parkinson’s Disease

His mother lived to age 91 with Parkinson’s Disease, and the costs would have been overwhelming without long term care insurance.

Continue reading »

Mar 13

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

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 …

Continue reading »

Older posts «