The “Fiscal Cliff” and Long Term Care

Jan 3, 2013

The “Fiscal Cliff” legislation everyone has been talking about that passed in the dead of night has some changes for LTC in America. Initially the PPACA health care bill had a provision to start a Federal LTC insurance program. However, it was completely unsustainable as it would accept everyone, healthy or not, and would be…

Read More

Why Do People Buy LTC Insurance?

Dec 13, 2012

Many insurance agents believe it’s to protect assets and to leave an estate to heirs. However, that reason is given by only one third of the people actually purchasing this coverage. Other, possibly more important reasons are, the desire to avoid dependence on others and to protect their living standards. The US Department of Health…

Read More

Anti-Nursing Home Insurance?

Dec 4, 2012

Why is it called “Anti-Nursing Home Insurance?” Because having it gives you a really good chance of never seeing the inside of a nursing home. If you can pay for home care and/or assisted living type facilities, you may be among the 85% of those needing Long Term Care who never enter a nursing home.…

Read More

Alzheimer’s is The 6th Leading Cause of Death in U.S.

Nov 29, 2012

More than 5 million Americans are living with the disease and that number only continues to grow.  It is also the only cause of death among the top 10 without a way to prevent, cure, or even slow its progress.  The Alzheimer’s Association would like your donation to fund research, contribute at  However, be…

Read More

Who Will Care For You When Your Health Changes?

Nov 13, 2012

Do you remember Ozzie and Harriet from the fifties? How about Leave it to Beaver? What did June Cleavers and Harriet both wear? Dress, heels, apron and pearl necklace. What did she do during the days when husband was at work and children in school? She had the time, space, and energy to have parents…

Read More

Time Your Loved One(s) Need Care?

Nov 5, 2012

A weekend Wall Street Journal article suggests paying close attention to your parents during holiday visits this year.  Is the normally tidy house now neglected?  Is there hoarding?  Do you notice memory problems or physical unsteadiness? It might be time to gather the family and assess what things they might need help with.  There are also…

Read More

Financial Advisors Struggle with Health Care Planning

Nov 1, 2012

This is a common concern I hear from financial planners.  Many financial planners do a wonderful job of advising their clients on how to invest their money, when to collect Social Security, how to pay less in income taxes, etc.  They manage money and most do a very fine job of it. The problems start…

Read More

Wall Street Article on Assisted Living Costs Increasing

Oct 31, 2012

This weekend’s WSJ features an article titled The Cost of Living Longer.  It describes the difficulty families have finding affordable assisted living facilities for their loved ones.  Facilities are bundling their add on costs into the monthly fee and you may be paying for services you do not need.  The average assisted living facility cost…

Read More

Bill in Congress to Restrict Medicaid to Really Needy

Oct 24, 2012

Congressman Charles W. Boustany, Jr., MD (R, LA) introduced the Medicaid Long-Term Care Reform Act of 2012 (H.R. 6300) on August 2, 2012.  This legislation advances the cause of responsible LTC planning and rational LTC public policy.  The short description of H.R. 6300 and the full text can be found on  This bill may…

Read More