Long Term Care Insurance
Homes Might Turn Away Medicaid Residents
Some homes might have to turn away residents covered through Medicaid because the operation simply can’t afford the low reimbursement rate in return. If a home accepts too many Medicaid residents, it’s at risk of closing permanently and not having the ability to serve its current Medicaid residents, Vander Meer said.… Read more...
A Short Video on Long-Term Care
This is my 27th year of doing Long Term Care planning exclusively. Many of my clients come by referral from financial planners and attorneys all over Wisconsin.
You can check me out at www.TheLongTermCareGuy.com, Call me at (920) 884-3030 to schedule a visit or just ask questions.
… Read more...Long Term Care in a Coronavirus Era
While it may be prudent to stay at home right now due to the Coronovirus, questions about how to handle long term care for someone who now needs it will arise. While I cannot help find care, I can offer ideas on how to access benefits to pay for such care.… Read more...
WHERE HAVE ALL THE NURSING HOMES GONE?
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 years.… Read more...
Look for Appropriate Advice on Dealing with the Costs of Long Term Care
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.… Read more...
Putting Off Long Term Care (LTC) Planning
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. … Read more...
How to Provide Long-Term Care to a Burgeoning Elderly Population
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.… Read more...
The Health Care Promises We Cannot Keep
By Judith Graham , Kaiser Health News
December 12, 2019
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. … Read more...
Don’t get caught in this long term care trap! Many people are.
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 care sales. … Read more...
Why Can’t I Spend my Money on Fun?
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 them needs long term care (LTC).… Read more...