Long Term Care Decisions
Thinking about deciding on a policy that best suits you? It’s a lot easier than it sounds. Many people either don’t know the facts or are unaware of the major costs of long term care. Even if you have a great retirement plan, it can’t save you from the high expenses of long term care.
Long term care is extremely important because if you get to a certain point where you need assistance in bathing, getting dressed and preparing meals, they are there to help you. Life is very unexpected and as of right now long term care is averaging at[…]
What is Your Plan for Long Term Care?
Many people believe they will never need long term care. Some may be right, but others are sadly mistaken. In fact, studies show that 70% of Americans who turn 65 will need long term care at some point. Especially if you are married, odds are, one of you is more than likely going to need long term care.
Long term care is not just limited to medical care. It also covers in-home care and nursing homes. In-home assisted living is when someone, a licensed nurse or someone else, helps you do basic everyday tasks, such as bathing, eating, getting dressed, using the toilet,[…]
Is Long Term Care Insurance worth the cost?
A recent CNN/Money magazine article poses the question: “Is Long Term Care Insurance worth the price?” One could easily ask the question the other way around in order to explore and debate the the issues surrounding this important type of insurance. As the article points out, there have been some substantial rate hikes recently by a few of the major insurers. The cause? Well, put simply, people are living longer and thus filing more claims and using their Long Term Care Insurance benefits at a higher rate than the actuaries anticipated years back. While these rate and premium increases[…]
Will Your Health Hold You Back from Long Term Care Insurance?
Planning for our future health isn’t exactly exciting; few people want to think about themselves as old and frail, but it is the reality that we must face. The older we get, the greater the chances that we will need help with daily activities like dressing, eating, and bathing. The risk of frailty, illness, and disease all increase as we age and planning for the cost of these potential situations is a critical part of planning for retirement.
Health Qualification
Long Term Care Insurance can help you cover the cost of care and protect your assets from the bill. To improve your[…]
Upcoming Changes in the Long Term Care Insurance Market
Insurance is based on risk and risk is always changing, so it makes sense that insurance industries will undergo significant ebbs and flows over time. The Long Term Care Insurance market is no different and some notable changes are set to happen in the industry this summer.
I spoke with LTC Tree advisor and agent Rex Stephens recently about the changes that are coming up in the Long Term Care Insurance market and why they are happening. Rex explained the reasons behind the changes and filled me in on what to expect in the next few months. Watch the video discussion[…]
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[…]
Reviews of each company’s financial stability ratings, claims experience, and size.
A side-by-side comparison of each company’s policy features. We cover the similarities and the differences.
Price comparisons customized to suit your specific needs from top carriers such as Nationwide, Thrivent, New York Life, National Guardian Life, Mutual of Omaha, and more.