Monthly Archive: February 2020

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 …

Continue reading »

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.

Continue reading »