Feb 27, 2020

Over 550 nursing homes in the United States have closed in the past 4 years. Almost 60% of them—328—closed in just the past 20 months.  Wisconsin was one of 9 states that accounted for more than half of the closures. Brown County, WI, where Green Bay is located, has lost 4 in the past 4…

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Look for Appropriate Advice on Dealing with the Costs of Long Term Care

Feb 20, 2020

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…

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Putting Off Long Term Care (LTC) Planning

Feb 15, 2020

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,…

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How to Provide Long-Term Care to a Burgeoning Elderly Population

Feb 1, 2020

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…

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The Health Care Promises We Cannot Keep

Jan 20, 2020

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…

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Families Forced to Find New Long Term Care Facility After Policy Changes

Sep 4, 2019

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…

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Don’t get caught in this long term care trap! Many people are.

Sep 2, 2019

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…

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Why Can’t I Spend my Money on Fun?

Aug 27, 2019

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…

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Why Medicaid Long Term Care is a Bad Choice

Jul 20, 2019

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…

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