When Should You Consider Buying Long-Term Care Insurance?
The only short answer to this question is the month before you need to make a claim But since none of us have a crystal ball to tell us when we will be having a stroke or heart attack, or be diagnosed with a debilitating disease such [...]
Lots and lots of companies are now starting to offer long-term care insurance (LTCI) to their employees as part of an overall health care benefits package. And since buying group medical insurance is usually a way to get lower insurance rates, most people automatically assume that the same is true with LTCI policies. However, in [...]
As a rule of thumb, I don;t discuss religion and politics unless I;m in the company of close friends or family, it’s just too easy to cross the line from thought-provoking to offensive, especially for someone who’s as outspoken and opinionated as I am. After reading a recent article on President Bush’s 2.9 trillion spending [...]
In a recent survey conducted by AARP, the findings showed that there is a clear disconnect between what most people think long-term care costs and the actual cost of care itself. In fact, after surveying 1,456 people over the age of 45, only one in 12 came within 20% of estimating long-term care costs accurately. [...]
Many people are unwilling to purchase long-term care insurance (LTCI) until much later in life, in their 80s rather than in their 50s, say, but a host of recent articles have been turning up in everything from senior care trade publications to small local dailies, which touch on the subject of the LTCI industry trying [...]
If one of the reasons for you not getting a LTCI policy is affordability, consider the tax benefits that go along with LTCI. It would be wonderful to be able to say that Congress has allowed all LTCI policyholders to deduct the full premium on their taxes. Unfortunately, our lawmakers have not yet enacted such [...]
Becoming familiar with the foundational features and options of a good long-term care insurance (LTCI) policy requires taking enough time to educate yourself before making your final decision. This will help ensure that you get the policy that will best fit your particular needs. The very next step would be to find the right insurance [...]
