Apr
30
It’s difficult to mince words when it comes to caring for your elderly parents: “It’s traumatic”. By the time your parents become old and fragile, you will have seen alot of life. However, there are few things that adequately prepare us for this time of life, unless you have experience working in a hospice or [...]
Apr
28
Negative Inheritance
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I recently read an article which appeared in Intelligencer Journal that described the concept of Negative Inheritance. This was a term coined by Laurence Kotlikoff, a professor at Boston University.
The concept of a negative inheritance is one where the costs to the children of caring for their aging parents exceed the potential gifts, or bequests they [...]
Apr
26
Increased Costs of Long Term Care Come From Unlikely Source
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A recent study by Genworth Financial investigated the costs of care throughout the country. It is an annual study conducted by the company and is widely accepted as the most in depth study on the issue of costs of care.
First, the study concluded that across the country the costs of long term care are rising [...]
Apr
24
Long Term Care and Families with Children with Special Needs
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The first step in planning for the care of a child with special needs is to preserve the public benefits that the child is entitled to. These include Social Security Disability Income, Supplemental Security Income, Medicaid, Medicare, and Public Housing (commonly referred to as Section 8 Housing). It is important to understand the [...]
Apr
22
Retiree Health Care Costs
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Most people planning for retirement look at the amount of money they will need to maintain their standard of living. As health care costs skyrocket attention needs to be directed toward the cost of providing health care. The Center for Retirement Research at Boston College in a February 2008 report calculated the dollar amount of [...]
Apr
18
How to Trim the Costs for Long Term Care Insurance in Connecticut
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One of the best ways Connecticut residents can trim the cost of long term health care is to purchase it as early as possible. Obtaining insurance when you’re 50 can cost just one third of what they will at 70. This just one of the ways a specialist in long term care insurance can help [...]
Apr
15
Two more Long Term Care Public Forums
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If you missed the Connecticut Partnership for Long Term Care Public Forum on April 10th, you still have two more opportunities to attend this highly educational and independent forum on the topic of Long Term Care planning. Having been to the forum myself as a person in the business of helping people to plan for [...]
Apr
14
The Connecticut Partnership for Long-Term Care has an excellent article about the cost of waiting to buy long-term care insurance. The article states that while premiums rise with age total benefits available decrease with age. The construction of a plan to deal with long-term care has to look at the potential of using [...]
Apr
11
What is the Connecticut Partnership for Long Term Care?
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Many people are curious about the Connecticut Partnership for Long Term Care. The Partnership is just that, a partnership between the State of Connecticut and insurance companies selling Long Term Care insurance in the State.
Insurance companies are required to meet specific standards set by the State in order to belong to the Partnership. By meeting these standards huge benefits can be attained by consumers [...]
Apr
10
Own Your Future
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The U.S. Department of Health and Human Services has developed a website call the National Clearinghouse for Long Term Care Information. The site has a wealth of information that people can use to come to a better understanding of issues surrounding long term care.
One terrific resource is a downloadable document called Own Your Future. It is [...]
























