Government Funding Cutbacks
Wisconsin Faces Critical Shortage of Care Workers for Disabled & Elderly
MADISON – Jessica Nell relies on a stranger to help her get in and out of bed every day. If no one shows up to help her, the 29-year-old Green Bay resident is left immobile — potentially for hours. Nell, who has cerebral palsy and uses a motorized wheelchair, is one of thousands of Wisconsin residents who need personal care and home care workers to perform daily tasks they can’t do on their own. … Read more...
You’re Probably Going to Need Medicaid
The Opinion Pages | The New York Times
OP-ED CONTRIBUTORS
By DAVID GRABOWSKI, JONATHAN GRUBER and VINCENT MOR
Imagine your mother needs to move into a nursing home. It’s going to cost her almost $100,000 a year. Very few people have private insurance to cover this.
… Read more...Coming Political Changes Affecting Long Term Care
Yes changes are coming. The federal government is very interested in moving programs back to states to handle and Medicaid is one of those.
The way this most likely would happen is to “block grant” Medicaid to the states. Give each state a fixed sum of money each year for Medicaid and let each state set their plans and rules themselves.… Read more...
What to Look for in LTC for 2017?
None of this is cast is stone, but some very good things are likely to happen regarding LTC in 2017!
The new administration is likely to make changes that will affect LTC financing. First of all is the good news that the feds plan several interest rate increases next year. … Read more...
Is Motel 6 WhereYou Plan To Retire?
Tom Bodette will leave the light on for you, but do you really want to stay there?
I surely do not! And I do not want to end up in a welfare nursing home either. Many people think that you get the same care on Medicaid as you would by paying for your care.… Read more...
LTC Insurance is Too Expensive!
Lately I have seen clients shown proposals to purchase Long-Term Care insurance with premiums exceeding $10,000 a year for a couple. This is ridiculously expensive for most couples in their fifties, and is probably because the insurance amounts are way too large to be appropriate.… Read more...
Where’s The Disconnect
This post, in it’s entirety, is reprinted from a chapter in the book “Surviving Alzheimer’s with Friends, Facebook, and a Really Big Glass of Wine”, written by my very good friend Honey Leveen, a first rate Long-Term Care insurance agent in Houston, TX
“Where’s the Disconnect?” by Honey Leveen, The Queen, by Self-Proclamation, of Long-Term Care Insurance
Insurance disclaimer: The following is based on the author’s personal experiences and opinions.… Read more...
Do You Have A Gap In Your Plan?
Hopefully you have planned and saved to have an income you can live on in retirement. You planned to use Medicare and either a traditional supplement or a Medicare replacement plan (advantage) to cover health care costs. Hopefully your other available income can be used for basic living expenses, travel, and some fun.… Read more...
60% of Adults Worry About Paying For Long-Term Care
A recent study claims that 60% of adults worry about how they will pay for Long-Term Care (LTC), and 10% said it was their top concern. While two-thirds of consumers agree that most people need LTC insurance, only 16% own any.… Read more...
Inflation and Long Term Care
I am continuously appalled to find insurance agents offering Long Term Care (LTC) insurance products that contain no 5% automatic, built in inflation on the amount the policy will pay when care is needed. LTC insurance is purchased while still healthy enough to obtain it, and may not be used for 30 or more years.… Read more...