The Long Term Care (LTC) Blog
LTC Insurance for People Who Were Told They Cannot Get it
If you went to your car insurance agent or your life insurance agent, and tried to get LTC insurance and were turned down, it does not mean you can’t get it. It simply means your agent did not have the tools available to find you coverage. If you were declined due to some medical reason,…
Read MoreHuge Shortage of Long Term Care Workers Getting Worse
From Kaiser Health News 3-26-2018 “Nationwide, 1 million immigrants work in direct care — as CNAs, personal care attendants or home health aides — according to the Paraprofessional Healthcare Institute, a New York-based organization that studies the workforce. Immigrants make up 1 in 4 workers, said Robert Espinoza, PHI’s vice president of policy. Turnover is…
Read MoreThe Price Caregivers Pay
When couples weigh the price of whether one of them should take a career break to care for an aging parent or another family member, they usually make a pretty simple price calculation: they compare the earning power against the cost of a professional caregiver. There are a number of other costs to take into…
Read MoreWill You be Among the Many Not Welcome at Assisted Living Facilities?
So why would you or your loved ones be Not Welcome at Assisted Living Facilities? It’s not personal about you or your looks, it’s your ability to pay for the care they provide. Most Americans cannot afford to pay $5000 a month for hands on care or $8000 a month for dementia care (dementia care…
Read MorePlanning Smart for Your Clients’ Senior Caregiving Duties
“Planning Smart for Your Clients’ Senior Caregiving Duties,” by Brian O’Connell, InsuranceNewsNet Quote: “Investment advisors who really want to help clients maintain a healthy cash flow plan need to address a burgeoning issue – the financial burden of caregiving for seniors. ‘While some may make a living caring for others, millions of caregivers nationwide provide…
Read MoreWhen Someone You Know Needs Help and Care
It happens to many of us as we age, there comes a time when we need help with day to day living activities. Often it is help with shopping or tasks around the house. Hopefully our children live nearby and have the time to come help out. But what if the help needed conflicts with…
Read MoreA Different Need for Long Term Care Insurance
People used to purchase this insurance to prevent them from spending all their hard earned nest egg paying for Long Term Care (LTC). That is still a reason but there is a much more urgent reason to have this insurance when it comes to Medicaid. When your assets have all been drained paying for care,…
Read MoreLTC Insurance Only Does 2 Things (OK, Maybe 3)
Long Term Care (LTC) Insurance can’t prevent the need for care, but it’s a big help dealing with it! The first thing Long Term Care Insurance does is prevent you from going broke. LTC is very expensive. A nursing home is well over $100,000 a year. Forget the Money Magazine charts and surveys of “median”…
Read More5 Tips to Make Long Term Care Insurance Cost Less
To determine a price we need to first determine how much, or rather how little of it you need. We have been doing nothing but LTC planning now for 25 years and we’re happy to share with you 5 tips that will help you make Long Term Care Insurance cost less! Here are 5 Tips…
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