The Long Term Care (LTC) Blog
Look for Appropriate Advice on Dealing with the Costs of Long Term Care
I just viewed an email from a stockbroker containing information on Long Term Care (LTC) and LTC insurance. It mentioned that 70% of people who reach age 65 will need LTC services. That statistic is accurate and comes from the US Department of Health and Human Services. The email then went on to say how…
Read MorePutting Off Long Term Care (LTC) Planning
Are you one of the people worrying about putting off long term care planning? Sure, it’s no fun to think about, but it’s actually a fairly simple discussion. First, some good news: Contrary to what you might think, most people do not need to worry about having to live in a nursing home. These days,…
Read MoreHow to Provide Long-Term Care to a Burgeoning Elderly Population
Providing long-term care isn’t the problem. We know how to do that. Paying for it is. So, I’m going to define the long-term care financing problem. Both government and scholars have focused corrective action on symptoms of the problem instead of its causes. Long-term care for our Burgeoning Elderly Population includes a broad range of…
Read MoreThe Health Care Promises We Cannot Keep
By Judith Graham , Kaiser Health News December 12, 2019 NAVIGATING AGING Navigating Aging focuses on medical issues and advice associated with aging and end-of-life care, helping America’s 45 million seniors and their families navigate the health care system. It was a promise Matt Perrin wasn’t able to keep. “I’ll never take away your independence,” he’d…
Read MoreFamilies Forced to Find New Long Term Care Facility After Policy Changes
Families forced to find new long term care facility after policy changes Is it possible to lose money on every customer and make it up in volume? Of course not! Aren’t you glad you have this covered? You will know people who need care and did not plan. I can still help some of them…
Read MoreDon’t get caught in this long term care trap! Many people are.
I am being approached by many people who purchased long-term care (LTC) insurance many years ago. They bought the LTC insurance from their life insurance agent, their financial planner, or their home insurance agent – not a specialist in LTC. These agents knew life or home owners insurance, but often just “dabbled” in long term…
Read MoreWhy Can’t I Spend my Money on Fun?
A recent Wall Street Journal cartoon featured a gentleman visiting his financial planner. In the cartoon, he asks the planner, “Why can’t I spend some of my money on fun now?” Often, retired people are afraid to spend money on fun or travel because they fear the catastrophic costs they would face if one of…
Read MoreWhy Medicaid Long Term Care is a Bad Choice
Many people don’t realize that, in addition to traditional health care, Medicaid actually pays for most long-term care (LTC) in the United States. In fact, less than 40% of Medicaid dollars are used to pay for traditional health care. The small portion of Medicaid recipients (just over 20%) whose long-term care services are paid for…
Read MoreWhat Can I Do About Long Term Care?
Long term care is very expensive. Few people are prepared for the cost when they determine they need care. Fortunately, there are ways to deal with the bills even if you do not have much money. Medicaid requires beneficiaries to spend all savings and other assets down to impoverishment before they will pay for care.…
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