Jan

30

Connecticut families hava a resource for Long Term Care Planning

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Long term care planning often begins with these questions:

Where do I start?
Whom do I contact?
What is the best solution for Mom’s or Dad’s problem?”

Some of us have been there and asked those questions, or we may find ourselves in that situation in the future.
We want to take care of Mom or [...]

Jan

26

How do Connecticut families pay for long term care?

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When you get right down to it, after doing all the research on ways around financing long term care costs, there are really three choices available to you:

Retain the Risk.  This is a viable alternative, but one that should be made with caution.  Choosing this method of financing long term care can lead to significant [...]

Jan

23

Life insurance and long term care insurance have more in common than you may think

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What do long term care insurance and life insurance have in common? I was struck by a commercial I saw recently about life insurance.  Perhaps you’ve seen it.  A father and son are watching t.v. and a commercial is explaining the concept of  protecting your family with life insurance.  The son then asks his father, [...]

Jan

21

Connecticut business owners can obtain tax breaks for the purchase of long term care insurance

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If you are a Connecticut 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 [...]

Jan

19

The Sandwich Generation confronts the issue of long term care along with raising a family

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Are you one of the 20 million Americans that are part of the Sandwich Generation?  Connecticut families can benefit from watching a documentary on the subject.
If you are raising a family of your own and circumstances have put you in a position of needing to care for an aging parent, then you need to watch [...]

Jan

16

AARP offers tips for choosing the right nursing home for your loved ones

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In December the AARP issued a bulletin that will help Connecticut families get the information they need when searching for a nursing home for your loved one.
Choosing a facility for a family member that needs care in a nursing home is emotionally difficult to deal with.  Having the following tips will likely help you to [...]

Jan

14

Connecticut families should look to neighboring states for long term care alternatives

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As Connecticut families learn of the realities facing our state budgets, they should look to other states for answers to what alternatives are available in states like Massachusetts, New York and Rhode Island.
Connecticut residents are facing massive state budget deficits.  To think that this will not affect families with loved ones needing long term care [...]

Jan

12

Sweeping changes to Medicaid are on the way starting in Rhode Island

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Medicaid covers long term care for the elderly who need skilled nursing care. Qualifying for Medicaid can be a major challenge, because individuals have to be — in short — poor. Medicaid is also a major expense shared by the federal government with individual states and the program is administered by states. With the recent [...]