The Long Term Care (LTC) Blog
Alzheimer’s in Now the 6th Leading Cause of Death in America
Per the Alzheimer’s Association, Alzheimer’s Disease is the 6th leading cause of death in America. The rate of deaths due to Alzheimers rose 68% between 2000 and 2010. This is due in large part to longevity increases and better diagnosis. One in three seniors now dies while suffering from Alzheimers or another form of dementia.…
Read MoreHELP! The premium just increased for my LTC insurance
Have you recently received a letter announcing a price increase on your LTC insurance? It probably offered to mitigate that price increase if you would just lower the daily (or monthly) amount the policy pays when you need care. Or perhaps it offered another option of lowering the rate at which your policy keeps up…
Read MoreWhat is your retirement plan missing?
“The second most important financial priority, especially among older respondents, is saving money to pay health-care costs” from a recent article. This is not surprising, considering that 70% of those surveyed said they expect their medical expenses to increase during retirement. A smaller but not insignificant number of respondents listed a related concern – long…
Read MoreIrrevocable Burial Trusts for Family Members Not a Divestment Court Rules
In a Fond Du Lac courtroom on January 18th, 2013 the court ruled that a person funding irrevocable burial trusts for children and spouses of children is not a divestment for Medicaid purposes. For years insurance agents have used irrevocable burial trusts instead of final expense life insurance policies as the trusts are outside the…
Read MoreWhy is the Partnership Program Kept Secret in Wisconsin?
Wisconsin, and most other states, have a program with an incentive to encourage purchase of LTC insurance. It is a form of bribery, actually, and here is how it works: You purchase a Partnership LTC insurance policy. It must have inflation on the benefit amount to qualify (actually, buying this insurance without inflation is like…
Read MoreThe “Fiscal Cliff” and Long Term Care
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 MoreWhy Do People Buy LTC Insurance?
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 MoreAnti-Nursing Home Insurance?
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 MoreAlzheimer’s is The 6th Leading Cause of Death in U.S.
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 www.ALZ.org However, be…
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