The Perfect Storm Is Here
Today, we find the state of long-term care and the insurance that pays for custodial care in a state of disarray, with dozens of states attempting to design their own payment systems as Medicaid budgets continue to expand.
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Is Insurance Underwriting an Art or a Science?
Art or science? A bit of both. And as medical protocols, outcomes and technology evolve, it changes. Mortality or Morbidity Today, underwriting mortality, a calculation of when you will die, for life insurance can be very precise. It has been around for centuries. The first known policies date back to 1583 in England. And life
When You Are Suddenly Single
Did you ever think that one day, the marriage you committed to decades ago would be over? Or that you would find your spouse of forty years dead on the floor in his man cave?
No Such Thing as Self-Insuring
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
The Face of Long-Term Care
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.
Don’t Fall (Down) For Halloween
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
LTC Planning Is As Easy As 1, 2, 3…
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!
The Golden Age of Long-Term Care Insurance?
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
No Nursing Home For Me
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
Learn About the Activities of Daily Living (ADLs)
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!