Welcome from Phyllis Shelton

This website is for consumers who don’t have a local insurance professional to answer their questions about long-term care insurance.

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Nov 23

LIVE Phyllis Shelton Webinar Dec 3rd at 1 pm EST

Hey everyone! Wasn’t the webinar with Joy Loverde on “Who Will Take Care of Me When I’m Old?” fantastic? I will be listening to it a couple more times!  So many of you submitted questions about long-term care insurance that I decided to do a new webinar to be sure they are all answered.You can see …

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Jun 02

Own Life Insurance and Need Money? The Sicker the Better

Don’t cancel a life insurance policy without reading this. You could be throwing away thousands of dollars.

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May 25

Coronavirus and LTC Insurance

Some of you may be wondering if there is an impact. Applying for LTC insurance can be a little tricky right now as some of the carriers have put an age cap of 70 or younger for applications. This has happened because normally older applicants have a face-to-face interview which some carriers and families as …

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Mar 23

Free online assessment to keep older family members safe during the CoronaVirus

Assisted Living Locators is a free, nationwide senior care placement and referral service for in-home care, independent retirement options, assisted living, memory care, and skilled nursing facilities. If you have a loved one whom you are concerned about during this challenging time, this is a place you can go to see if he or she …

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Feb 26

Suze’s New Book is Out!

Just in from Suze… she is in New York promoting her new book The Ultimate Retirement Guide for 50+! This is what she wrote me – Dear Phyllis, Today I’m in New York, and started the day on my favorite morning shows! If you missed me on CBS This Morning talking about my top retirement …

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Feb 01

The Partnership for Long-Term Care

The idea of the Long-Term Care Partnership is to provide a way for the Medicaid program to work together with private long-term care insurance to help those people who are caught in the middle: they can’t afford to pay the cost of the care or even the cost of a long-term care insurance policy with unlimited benefits, yet their assets are too high to qualify for Medicaid to pay their long-term care expenses. Many middle-income workers and retirees find themselves in this position.

Participating insurance companies in the Partnership recognize the needs of these middle-income Americans by providing LTC insurance policies that have built-in consumer protection benefit standards, and participating states cooperate by allowing these policyholders to access Medicaid without spending down their assets almost to poverty level if the insurance benefits run out.

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Jan 01

What your state lets you keep, effective 1/1/2020

This is a table that shows the minimum assets and income each state allows nursing-home residents and their spouses to keep.

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Oct 16

CNBC says not having long-term care insurance can be ‘the single biggest devastator’ of your financial plan

I had to share this article from CNBC! Most people will need help with daily activities at some point and most receive the care at home. The most meaningful thing you can do for your family is provide them with help when the time comes so that taking care of you doesn’t fall completely on …

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Feb 15

The Two Biggest Mistakes In Retirement Planning

Over the years, there are two mistakes I’ve found that people consistently make when preparing for retirement. Making one or both mistakes can leave you in a “what if” retirement, afraid to spend your savings as you ask yourself: What if one of us has an extended chronic health care need? What if our retirement …

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