Tag: Long-Term Care insurance

What your state lets you keep, effective 1/1/2023

This is a table that shows the minimum assets and income each state allows nursing-home residents and their spouses to keep.

Continue reading

A Guaranteed Plan in a Volatile Market

If you are an investor, think about your portfolio right now. How pleasant would it be having to pull $6,000 a month from it today for eight hours a day of home care?  Or $18,000 a month 20 years from now? Or $24,000 a month 30 years from now? Which stock or property would you sell? If …

Continue reading

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

It’s Time to Stop Bashing Long-Term Care Insurance

Let’s stop with the LTC insurance bashing and focus on the families it has SAVED.

Continue reading

Phyllis Shelton LTCi Update

Phyllis Shelton discusses the latest on planning for long-term care with Tim Takacs and Barbara McGinnis on the Takacs-McGinnis Elder Law Hour

Continue reading

Denial is Not a River in Egypt

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.

Continue reading

Federal LTC Insurance Program Rate Increase (updated)

The employee education program for the Federal government’s group long-term care insurance program in 2002 beat Donald Trump to The Apprentice.

Continue reading

Operation TRIPLE Starfish – LTC, FIAs and GOLD?

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.

Continue reading

Operation Starfish – Are You That One? Women, Please Act NOW!

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.

Continue reading

Calling All Single Women Without Long-Term Care Insurance (and their single friends)

If you are a woman who wants to keep your independence as you age, this article is for you.

Continue reading