Setting up a Trust Fund for your Children
Creating Trust funds can be overwhelming and there are quite a few things to take into consideration. When it comes to leaving large sums of money or assets to your children there are some general tips and advice to follow before setting up a plan.
Here are 7 Tips for Setting up a Trust Fund for your Children by Christine Fletcher:
- Assets of minor should be held in Trust-While children are under he age of 18 you do not want them inheriting money without a guardian. It’s important to find someone that[…]
Dogs help with Dementia
People who suffer with Dementia or Alzheimer’s have a harder time with everyday activities. It can be dangerous over time and without supervision it can put someone in a harmful situation. Usually people have to go to a Memory Care or Assisted Living Facility that has caregivers who watch over them. Having a service dog can offer assistance for someone who is living at home or even living in an assisted living facility. 
Research over the years has showed us that pets are good not only for everyone but even more so for[…]
California Encourages Long Term Care Preparation with Partnership Policies
Planning for long term care isn’t as simple as setting money aside and being done with it, especially in states where care costs more than the national average. California is one of those states and residents can benefit significantly from taking the time to prepare for long term care costs in advance. The California Partnership for Long-Term Care provides a way to help Californians plan for the expenses associated with long term care without breaking the bank.
Long Term Care Expenses
The California Medi-Cal system currently pays for the majority of long term care facility expenses throughout the state. With the “Silver[…]
Nursing Home Ownership Shifting Over Time
Nursing homes in America are changing. Besides become more technologically equipped and altering their approach to care to a more person-centered method, nursing homes are experiencing a shift in ownership, from government and non-profit towards for-profit.
Changing Ownership
The Centers for Medicare and Medicaid Services regularly publishes a Nursing Home Data Compendium that evaluates the new data and information surrounding nursing homes in the United States and provides information as to how the picture is changing. Included in the 2012 compendium are several charts that display the changes that are occurring in the long term care industry amongst nursing homes. One of[…]
Industry Trade Groups Come Out Against NAIC’s Recent Long Term Care Insurance Proposal
A new proposal would require Long Term Care Insurance companies to have a loss ratio of 100% before they are permitted to raise rates.
NAIC Proposal
The Senior Issues Task Force, which is part of the National Association of Insurance Commissioners (NAIC), released the original proposal of regulatory changes in November. According to their website, their mission is to develop regulatory standards and revise NAIC models on insurance issues that affect older Americans.
After the original proposal was released, however, the change in question was made. Some members of the Health Actuarial Task Force, another part of the NAIC whose mission is to[…]
Genworth CEO Discusses Future of Long Term Care Insurance Industry
Thomas J. McInerney, the President and CEO of Genworth Financial, spoke recently about the current status and future of the Long Term Care Insurance industry.
Long Term Care Insurance Conference
McInerney presented at the annual Intercompany Long Term Care Insurance conference (ILTCI) in Orlando, Florida on March 18th. He discussed the challenges carriers are facing at the moment and his thoughts on the best way to move the market in a positive direction at such a crucial turning point in the industry. Though his presentation isn’t available to view, Genworth posted a copy of his notes for the event,[…]
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