- Advanced Planning
- Elder Abuse
- Elder Law
- Living Wills
- Long-term Care Insurance (LTCI)
- Medicare & Medicaid
- Powers of Attorney
- Alzheimer’s Activity Ideas
Preserve Your Long-Term Care Coverage with Inflation Protection
Recently I wrote about selecting a daily benefit for your long-term care insurance (LTCI) policy. Making sure that you start your policy with a daily benefit amount that matches the current cost of care is vitally important. But there are a couple of additional steps you’ll need to take if you want to be sure that the buying power of your policy benefits do not erode over time. Inflation constantly chips away at the true value of LTCI benefits....Read the rest of this article »
Senior Care Reimbursement Overview
Planning for long-term care is complicated. Each person's needs are unique; therefore, the cost of long-term care varies greatly. Some social and physical assistance is available for free or at a low cost, while very expensive nursing home or home health services can cost upwards of $200 per day. There are many different ways to finance long-term care. You will probably need to use a combination of payment sources, which may include Medicare, Medicaid, long-term care insurance and other programs,...Read the rest of this article »
Long-term Care Insurance Explained: What It Is, Types of LTCI Policies & What to Consider
What It is Long-term Care Insurance can be an effective tool for protecting your assets and estate from the high costs of senior care. Though the average nursing home length of stay is significantly higher than most people believe, 2.4 years according to a report conducted by the National Center for Health Statistics, less than 20% of long-term care is nursing home care. Home care, home health care, adult day care, assisted living facility care and others constitute the...Read the rest of this article »
Long Term Care Insurance: How to Choose the Best Elimination Period
In a long-term care insurance (LTCI) policy, the elimination period is often referred to as the policy deductible. In many ways it is similar to the deductible used in major medical insurance policies. One significant difference is this: rather than a certain dollar amount that you will initially pay for your own care expenses, there is a specified number of days for which you will be responsible for your own care.What are My Options? These days very few carriers offer...Read the rest of this article »
Are Tax-Qualified LTCI Policies Consumer Friendly?
When the long-term care insurance (LTCI) industry was in its early stages, the policy features and design differed considerably from what we commonly see offered to consumers today.At the time, LTCI was a relatively new segment of the insurance industry, so there was little history that could be drawn from for reliable sources regarding pricing, underwriting procedures and policy design. As a result, it was kind of like the Wild West in that each carrier typically had their own...Read the rest of this article »
