As horrendous as an 85% rate increase sounds, it becomes not so horrendous when you analyze it. Here’s a case study along with my advice.
Tag: Long-Term Care insurance
Apr 27
I Thought My Husband Would NEVER Use His LTC Insurance
There are no guarantees in life. I just heard from a grateful client who is so glad her husband bought LTC insurance.
Mar 11
Long-Term Care Insurance is Productivity Insurance
A tidal wave of caregiving is about to hit U.S. employers as the fastest growing segment of the workforce is age 55 and up, employees who are in their prime caregiving years. Just under half (49%) of the workforce expects to provide care to a family member or friend in the next five years. Do …
Dec 10
The Dramatic Difference LTC Insurance Makes to the Caregiver
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?
Sep 07
Combining Life Insurance or Annuities with Long-Term Care Insurance
It would be easy to say “yes” to long-term care insurance if you didn’t have to come up with new money to pay for it, wouldn’t it? Well, there might just be a way to pull that off by repositioning money you already have. An important tax change was effective January 1, 2010* that has made it easier to combine long-term care insurance with either life insurance or annuities. This article shows three reasons why you might want to do that.
Jul 03
Phyllis Shelton Says Wall St. Journal Didn’t Go Deep Enough on LTC Insurance Rate Increases
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.
Jun 29
What Does the Supreme Court’s Decision to Nullify DOMA Mean for Medicaid LTC Benefits?
Publicity around the Supreme Court’s decision to nullify the Defense of Marriage Act on June 26, 2013 has centered around the ability to file joint tax returns and collect survivor social security benefits. My first reaction was “What about the ability to take advantage of the spousal impoverishment benefits under Medicaid?”
Apr 30
How much does long-term care insurance cost? (rate calculator for sample plan)
Buying long-term care insurance is like buying a car. You pay for the core components like an engine and four wheels with tires on them, then add the options that mean the most to you.
Apr 16
What happens if a LTC insurer goes out of business? How common does this happen?
Each state has a guaranty fund to protect policyholders from an insurance company that goes out of business. This is an extremely rare situation with long-term care insurance. This article explains what happens to your coverage if a company is declared insolvent.
Mar 16
My new book will tell you why 2013 is the year to get LTC insurance!
You’re not sure LTC insurance is the best solution for you? No problem. After you read this book, you will know enough to make an informed decision and I will have done my job.
Now Available
The ABCs of Long Term Care Insurance
- PLUS -
Protecting Your Family
With Long-Term Care Insurance
- PLUS -
Protecting Your Family
With Long-Term Care Insurance
GET BOTH BOOKS for only $29.95!
Phyllis Recommends
