Jan
4
Long Term Care CT begins posting again
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Thank you all for being patient. Our blog has undergone some behind the scenes technology updates and will begin posting relevant information; helping you to plan for your family’s long term care needs.
Information on long term care can be confusing and abundant. Here at Long Term Care CT we strive to break down the confusion [...]
Jul
21
Senator Kennedy’s proposal for long term care gets President Obama’s approval
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Senator Kennedy has receive approval from President Obama for his long term care proposal that may be included in the health care reform bill that is being debated on Capitol Hill.
As part of the plan taxpayers would pay into the newly created program that would be set up as a mechanism to pay for some [...]
Apr
27
Connecitcut Residents to enjoy Medicaid Asset Protection with other States
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Connecticut has received approval from the federal government to join the National Reciprocity Compact for granting Medicaid Asset Protection.
What this means in layman’s terms is that if you purchase a long term care insurance policy that participates in the Connecticut Partnership for Long Term Care you will enjoy the benefits of Medicaid Asset Protection in [...]
Apr
21
Two Senators introduce legislation to help save Medicaid and make it easier to afford long term care insurance
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Senator Klobuchar and Senator Grassley introduced legislation that will save Medicaid billions of dollars on nursing home expenses and help American families afford long term care insurance.
This is a welcome move on the legislative front to help encourage families to recognize and prepare for the consequences of long term care. As Americans age it is [...]
Mar
30
Retiree medical expense costs increase 50% from 2002, Fidelity Investments study shows
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Fidelity Investments this week released their annual estimate of retiree medical expenses for those people who will retire in 2009.
Not surprisingly, the numbers have gone up significantly from last year. A couple retiring this year will likely spend upwards of $240,000 to cover medical expenses throughout their retirement. This figure is up from $225,000 just [...]
Mar
24
A new report shows some alarming trends about long term care spending
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Some alarming trends in long term care spending could shed light on the potential need for more people to consider long term care insurance as the primary means to fund expenses.
An analysis of long term care spending done by California based SCAN Foundation concluded that individuals and families contributed over $64 billion in funds to [...]
























