The term “self-insuring” is a pet peeve of mine. It is a term that I find particularly annoying every time I hear it. Why? It’s a misnomer. And misleading. There is no such thing as self-insuring. One of the principles of modern insurance is pooling funds from the many to pay for the losses of
Author Archives: Nicole Gurley
Many predict that we are on the precipice of a renaissance in long-term care. Factors that drive this prediction include the hike in interest rates, states designing their own public programs based on taxing employees and employers, demographic shift to an older population, post-COVID focus on health and wellness and technology advances.
It’s that lovely time of year when leaves change and we begin planning for the holidays starting with Halloween. Any idea how much money Americans spend on ghouls and goblins? In 2021 it was $10.1 billion! Scary for sure. But even more so is aging and falling. Consider that every year 3,000,000 older adults end
Nicole Gurley explains the three steps she uses to help you find the best solution to plan for long-term care expenses. Have more questions? Click here to contact Nicole!
Some suggest we may be heading for the golden age of long-term care insurance. I hope so. In 2002 when I started in this specialized insurance niche the industry reported $1.5 billion in new standalone premiums. A decade later the premiums had dropped to $600 million. Now the latest numbers for 2021 indicate total standalone
Health care or Medicare is very different from long-term care. Why? Health care and Medicare are designed as curative or rehabilitative programs. Not so for long-term care which is custodial care. Custodial care provides assistance with activities of daily living or supervision due to cognitive impairment. People often think long-term care is only care provided
Do you know the six Activities of Daily Living (ADLs)? What if you couldn’t complete two or more of them? Have questions? Click here to contact Nicole Gurley!
Whether you call yours mom, mother, mommy, mama, we all have one. And if you are really lucky, yours is still alive and part of your life. There are lots of sayings about moms. “A mother is your first friend, your best friend, your forever friend.” —Unknown “Youth fades; love droops; the leaves of friendship fall;
Nicole Gurley explains what you can expect to pay for long-term care insurance now and in the future! Have more questions? Click here to contact Nicole.
It’s time to get back to the basics! Do you know what long-term care is and your risk of needing it?