The new John Hancock Benefit Builder product has turned long-term care insurance into an investment instead of an insurance product.
Tag: caregiving
Jul 22
Long-Term Care Insurance: A Priceless Equation
CNBC allows you to vote on “Would You Buy Long-Term Care Insurance” at this story: http://www.cnbc.com/id/47703131 This article says the premiums are expensive. I hear that all the time. Are they expensive? I have to expand the question to those who make that statement. Long-term care insurance premiums are expensive compared to what? Compared to …
Mar 22
Bad Advice to Lower Daily Benefit to Lower LTC Insurance Premium
Response to Terry Savage article “Long-Term Care-LESS”, MoneyShow.com, March 19, 2012 http://www.moneyshow.com/investing/article/11/Blog-27057/Long-Term-Care-LESS/ The 90% rate increase by John Hancock is not a responsible rate increase in my opinion. They were asleep at the wheel, not realizing that was coming. But in all fairness – this article makes it sound like long-term care insurance rate increases …
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 …
Dec 20
Long-Term Care Insurance Tax Deduction for Greater Than 2% Shareholders of S-Corporations
For those who have wondered how the long-term care insurance self-employed tax deduction works for owners of S-Corporations, this straightforward explanation clears it up.
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.
May 22
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.
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