This website is for consumers who don’t have a local insurance professional to answer their questions about long-term care insurance.
Tag: Long-Term Care insurance
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.
Let’s stop with the LTC insurance bashing and focus on the families it has SAVED.
People have a 50 percent chance of needing LTC at some point in life, and about 30 percent of people who do may need care for five years or more, according to a new study by LifePlans, Inc. Being in denial about this could be the worst thing you ever do to the people who love you.
The employee education program for the Federal government’s group long-term care insurance program in 2002 beat Donald Trump to The Apprentice.
Today’s turbulent economy is forcing Americans who value their independence over anything else to find new ways to remain financially secure into old age. Long-term care insurance can play a huge role in that picture, but there are two other things you can do of which you may not be aware.
Are you that one? Do you have children or other loved ones who will suffer if you don’t plan for long-term care? Book a time TODAY as time is almost out to get a policy that doesn’t charge women more.
If you are a woman who wants to keep your independence as you age, this article is for you.