Long Term Care Insurance
You’ve planned ahead–or have you?
So, you’ve given the house (or farm or some other assets) to the children long ago so the government will pay for your long-term care, and you’re feeling proud of yourself for having planned ahead. But, I have some bad news for you—did you know that almost no assisted living facilities will accept you if you are on Medicaid? … Read more...
It’s the Holidays, Let’s Talk
How long has it been since you have seen all of the family? How are they doing? Perhaps not as well as last year? Perhaps it’s time to talk.
It’s the holidays, this is the time of year when many families realize a family member is not doing as well as s(he) has in the past, and may need some help. … Read more...
Have you ever wondered….
Do you have questions about the cost of long term care?
Are your clients confused about the many options, how to choose coverage, or if it’s necessary for them?
I’m Romeo Raabe LUTCF, LTCP and I’m known as The Long Term Care Guy–in fact, my website is www.TheLongTermCareGuy.com… Read more...
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...