This website is for consumers who don’t have a local insurance professional to answer their questions about long-term care insurance.
Okay. You need a grownup question to ask your parents besides, Can I borrow the car keys? Or Have you seen my car keys? When am I going to get a car? Can I get a raise on my allowance? Can I have a toy, ice cream, ANYTHING? You are WAY PAST those whiny ones. …
Did you miss it? NO PROBLEM. Just click here:“Everything You Need to Know About LTC Insurance But Were Afraid To Ask”www.buddyins.com/suze-orman 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 …
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.
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 …
It’s imperative that we continue to look for alternate ways to manage the long-term care (LTC) risk, and that’s how I’ve been spending much of my time. For example, I’m looking at a number of annuities that provide long-term care benefits. Why annuities? Because underwriting for traditional LTC insurance has become rather challenging. For those …
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?
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.
Phyllis Shelton expands on the July 1, 2013 Wall St. Journal article that discusses LTC insurance rate increases by showing how to evaluate a rate increase, how to save money by buying Long-Term Care Partnership plans, and how to view the impact of not planning for extended health care.