The future of the Community Living Assistance Services and Supports program came into question when its chief actuary resigned and its staff was reassigned in recent weeks (Best’s News Service, Sept. 23, 2011). Also, the Senate Appropriations Committee did not provide the program with any funding in a fiscal year 2012 spending plan advanced Sept. …
Confused about long-term care insurance? Please watch this 17 minute educational video by Phyllis Shelton.
Suzanne sits down with Phyllis Shelton, President of LTC Consultants and author of “Protecting Your Family with Long-Term Care Insurance” to discuss long-term care. Long-term care is provided when people need help getting through the …
Phyllis Shelton discusses the latest on planning for long-term care with Tim Takacs and Barbara McGinnis on the Takacs-McGinnis Elder Law Hour
Suze Orman Speaks Out About Long-Term Care Insurance
The story of my dear clients, Vernon and Helen Duckett.
Hear Rob Lowe, Maria Shriver & others have “The Talk” about long term care planning.
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.
In an instant, a tragic accident turned a loving wife into a long term caregiver.
His mother lived to age 91 with Parkinson’s Disease, and the costs would have been overwhelming without long term care insurance.
Long term care insurance has allowed her 84-year-old mother to have peace-of-mind after moving into an assisted living facility.
After buying a long term care policy 10 years ago, Barbara doesn’t have to worry about burdening her children with the cost of her care.
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.
There are many protections for consumers in today’s long-term care insurance policies.
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.