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.
Tag: LTCi Cost
Aug 21
Planning for Long-Term Care Inflation Isn’t Rocket Science, Folks
The new John Hancock Benefit Builder product has turned long-term care insurance into an investment instead of an insurance product.
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 …
Jul 14
How the Supreme Court Decision Affects Long-Term Care Insurance
The Supreme Court decision on June 28, 2012 makes it even more critical for people to own long-term care insurance as it is highly questionable as to how many Medicaid dollars will be there for LTC in the future. In 20-30 years, people who need long-term care will be sharply divided between haves and have-nots. Many people who elected to self-insure will be squarely in the middle of the have-not bucket as the cost of care soars to $1000 a day in 30 years. Money buys choices. Without long-term care insurance, most families simply won’t have the money to buy care and their worst nightmare will happen as the burden for their care falls on their children and grandchildren.
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.”
May 15
Ask Your Employer to Offer Long-Term Care Insurance
Ask your employer to offer long-term care insurance that is qualified for the Long-Term Care Partnership to employees 18+ to help your family AND your state budget.
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