Long Term Care
Preparing for the future and getting one’s financial affairs in order is not always a pleasant endeavor especially when it is about choosing which type of insurance to get. The insurance business has grown so much in the past few years and when you are in the process of assessing which particular [...]
There are several reasons why consumers may choose not to buy long-term care insurance. Some of those reasons may be based on very sound decisions. For instance, if you have made a good research into the cost of premiums from several of the financially sound major carriers and have found that the cost is more [...]
We all love a good news once in a while! Recently, the New Jersey legislature passed a law that will offer seniors on Medicaid more long-term care options. By 2008, senior citizens living in New Jersey will have a choice in the type of long-term care they receive through Medicaid, under a law made by [...]
People are often confused with Medicaid for Medicare, which is another government sponsored program. However, these programs are very different in what they are designed to do. Medicare is actually the national health care assistance program given by the federal government. Its function is to make sure that affordable home health care is available to [...]
One close family friend of mine recently called on the phone to ask me, “So I am thinking about long-term care insurance, what exactly should I be looking for and where do I start? ” And my answer was, ” Are you confused?” “Yes.” “Well, that’s how most people start.” We both laughed, but the [...]
Long-term care insurance is a good financial protection vehicle for anyone who has enough assets to protect and can comfortably afford the premiums. It can help ensure that all of the time and effort you have spent on acquiring a sufficient retirement income is not lost due to the rising costs of long-term care. There [...]
On Monday, the New York Times ran a great story about Medicare Advantage Plans. Medicare Advantage Plans are a type of home health care plan sold by private insurance companies. These plans are actually associated with Medicare. It seems that seniors across the country have been duped into signing away their Medicare benefits by enrolling [...]
No one likes to pay insurance premiums of any kind and long-term care insurance is no exception. We pay these premiums because the alternative leaves our retirement income and investment assets exposed to high risk if long-term care becomes necessary and we have to pay for the care ourselves. It is no secret that the [...]
Long-term care insurance (LTCI) happen to be very much different from the other kinds of insurance. As a result, even the foundational features of these policies require taking some time to understand before making your final decision. But what about all the other options and features that are not built into the policy and require [...]
Affordability is a key ingredient in any successful long-term care plan. Which is why the premium cost is often the most important elements to consumers who are considering the purchase of LTCI. One of the most common questions I hear is: ” Will my premiums ever increase? ” The answer is this: there are [...]
