Oct
31
“In Sickness & In Health”, A great resource for those beginning the planning process
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There are tremendous resources all over the internet to educate yourself about long term care. But there is nothing like a great book that you can pick up anytime and find out information that you need as you move down the path to important decisions.
The pre-eminent authority on long term care, Harley Gordon, published a book [...]
Oct
29
Have you ever taken the time to actually read your annual Social Security Statement?
Every year around the time of your birthday you will receive your Social Security Statement. If you are like most you will quickly open it up to see how much of a benefit you will receive when you retire. If you take some [...]
Oct
27
Presidential candidate’s position on long term care will play a part in how Boomer’s vote next week
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A poll out recently indicates that the Presidential candidates’ positions on long term care will be a factor in how Boomer’s will be voting.
Market Watch reported that a poll sponsored by Genworth Financial asking 800 registered voters ages 45 to 64 if the cadidate’s position on long term care issues and funding, were factors in this year’s [...]
Oct
24
November is Long Term Care Awareness Month. This will be a great time to access information that will help in the planning process.
As you begin to hear more about the issue in public service announcements and additional information that may come from insurance carriers specializing in long term care, the goal should be on education. [...]
Oct
23
We’ve been getting some questions recently regarding Medicaid eligibility. Many people know that Medicaid will pay for long term care expenses, however, most of those expenses cover costs for nursing home care. If you’re like most people, that is not the place you want to be, you want to remain in your home and community as [...]
Oct
21
According to some recent research the economic value of family caregiving in 2006 was $350 billion. Yep, that’s billion with a “B”. To put that in perspective, it’s half of the $700 billion ”Bailout” of Wall Street. Now that is a lot of money.
Of course, the key words here are economic value. In other words, no one [...]
Oct
17
What are you actually buying when you purchase long term care insurance?
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Many of the people we meet with are a bit confused about exactly what they are buying when they purchase long term care insurance. That’s why it is so important to be educated before you just jump in and start getting quotes from various sources. It is so much more complicated than just getting a number.
When [...]
Oct
16
Care coordination is an essential part of a plan for long term needs
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A recent article entitled “Why Hire a Geriatric Care Manager” appeared on NYTimes.com. In the article written by Jane Gross, she explains how hiring a care manager can alleviate the burden of trying to do the job yourself. If you’ve had an experience with long term care you know the emotional, physical and financial impact it [...]
Oct
14
How do I choose between a daily or a monthly benefit on my long term care insurance?
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On the surface choosing between a daily or a monthly benefit on a long term care insurance policy is simply a matter of cost. However, there are sublte differences between the two that you should be aware of when deciding.
The most effective way to explain the difference between a daily or a monthly benefit is by [...]
Oct
8
Business owners can capitalize on tax benefits of long term care
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If you are a sole proprietor, partnership, limited liability company, s corporation, or c corporation you have tremendous opportunities to protect your retirement assets with long term care insurance.
The federal government has created tax benefits that allow you to deduct the cost of long term care insurance for yourself, key employees, and other employees who wish to [...]
























