Poll: Americans Misinformed About Long Term Care Financing
Long term care is a looming crisis that lawmakers have tried unsuccessfully to remedy. Despite the recent conclusion of the federal Commission on Long Term care, people are still confused about exactly what long term care entails and how to prepare. Adding to the confusion, a new poll found that many Americans are also mistaken about who pays for most of the nation’s long term care.
Who Pays? 
Throughout the month of September this year, just over 2,000 adults in the United States were asked about various aspects of[…]
Long Term Care Commission Proposed in Pennsylvania
A recent proposal put forth by Pennsylvania Governor Tom Corbett includes the creation of a state appointed long term care commission to establish an integrated long term care system.
Healthy Pennsylvania 
The plan, called “Healthy Pennsylvania”, was introduced by Governor Tom Corbett two weeks ago and has sparked controversy amidst already heated public debates about health care and long term care.
Brian Duke, the Pennsylvania Secretary of Aging, wrote an article in the Philly Burbs today in support of[…]
Boomers Expect a Different Retirement than Their Parents
A recent study surveyed aging Boomers and found substantial differences in what they expected in retirement compared to previous generations.
Changes in Expectations 
The study, conducted by the Bankers Life and Casualty Company Center for a Secure Retirement, surveyed nearly 1,300 Americans between the ages of 49 and 67 who held a total annual household income of $25,000 to $75,000 a year. The questions were meant to understand how Baby Boomers view their future retirement and what they expect in their retirement years that their parents and grandparents did not.
What[…]
Top 3 Reasons to Buy Long Term Care Insurance
Long term care insurance helps pay for a number of different services like care received in a nursing home, assisted living facility, or even at home. The government estimates that 1 in 2 Americans will need long term care at some point, so planning early can help save you money in the future. If you think that long term care insurance isn’t right for you, you may want to think again.
Unless you have a hefty amount of assets and can afford to self-insure or, on the flip side, know that you will qualify for Medicaid, long term care insurance[…]
Long Term Care Commission Releases Recommendations Report
The Long Term Care Commission released their findings Friday in a brief summary of 
recommendations. The summary touches on the various issues plaguing the long term care industry and provides suggestions for reform and improvement. In the end, however, the commission was unable to fully agree on any suggestions for financing of the public’s long term care support and services.
Commission Background
As Americans worked to find ways to pay for their long term care services, the group commissioned by Congress to do the[…]
Prevent Financial Crisis with Long Term Care Insurance
Whether you want to think about it or not, at some point, we all age. How we age, though, is up to us, and as many Boomers are beginning to find out, financial planning takes a front seat as you get older and begin thinking about retirement. A major factor that affects retirement savings and merits some serious attention is the possibility of long term care.
Plan Ahead 
How would you respond if you suffered a bad fall one day and needed care for an extended period of time, say[…]
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