Coming Political Changes Affecting Long Term Care

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...

Think You Are Too Young To Worry About LTC? Think Again!

I just read that the Centers For Disease Control and Prevention (CDC) says “The percentage of adults aged 45 to 64 years who reported needing help with activities of daily living such as eating, bathing, dressing, or getting around inside their residences has increased nearly 50% from 2000 to 2015. … 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...

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...

“Mind Your Own Business”

“Mind your own business”. How often we have said that to our children or other heirs. That statement does not help those trying to help you when you can no longer handle your affairs on your own.

It is very important that you make the caregivers, or power of attorney aware of what resources you might have.… 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...

How Your Home Can Help You Pay For Long-Term Care

Yes, it is possible for your home to help pay for your Long-Term Care (LTC) and possibly help keep you in your home longer.  For many seniors, the home equity is their largest asset.  Using that asset to help keep you at home versus in a LTC facility can make sense. … Read more...