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Insurance

How to Identify a Partnership-Qualified Long-Term Care Insurance Policy

June 4th, 2008 by Duane Lipham

In previous blog articles I have discussed the long-term care insurance partnership program that almost two thirds of the states have already put in place or are in the process of approving for their residents. This program is designed to encourage the purchase of LTCI by consumers so that the state can reduce its liability for paying for long-term care costs in the future. This is vital if current state Medicaid programs are going to remain solvent. The advantage...Read the rest of this article »

State Long-Term Care Partnership Programs: An Overview

May 23rd, 2008 by Duane Lipham

Both state and federal governments have begun to realize that long-term care costs have the potential to become a major budgetary problem in the not-too-distant future. One significant contributing factor is the large pool of baby boomers nearing or entering retirement, many of whom will require long-term care very soon. As a result, lawmakers have begun taking steps to encourage consumers to take responsibility for their own long-term care needs and purchase LTCI (long-term care insurance). One of the...Read the rest of this article »

The Most Common & Expensive Long-Term Care Insurance Mistake

April 18th, 2008 by Duane Lipham

There are many mistakes that can be made when considering long-term care insurance, and some of them can be very costly. Some of the most common mistakes include only getting quotes from one company, not researching long-term care costs, and relying on someone else’s opinion of what policy design is best for your circumstances. All of these mistakes can prove to be expensive. For instance, I often see consumers who just don’t want to put in the time and...Read the rest of this article »

Who Pays for What: Coverage-at-a-Glance

February 1st, 2008 by Gilbert Guide

Searching for senior care can lead to many questions about which services are covered by insurance providers and which must be paid out of pocket. Gilbert Guide can make figuring out how to pay for senior care that much simpler by answering your questions such as: Who pays for homecare? Does Medicare cover nursing home care? Who pays for geriatric care services? What will my VA benefits cover? Download Coverage-at-a-Glance, a quick overview of what types of coverage pay for...Read the rest of this article »

Medicare Advantage Plans: Buyers Beware!

December 19th, 2007 by Jill Gilbert

On Monday, the New York Times ran a great story about Medicare Advantage Plans. Medicare Advantage Plans are a type of health plan sold by private insurance companies. The plans are associated with Medicare. It seems that seniors across the country have been duped into signing away their Medicare benefits by enrolling in a Medicare Advantage Plan. In some cases, the seniors didn’t understand how the Medicare Advantage Plans worked, and in others, they didn’t even know that the...Read the rest of this article »

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