Category Archives: Uncategorized

How Old Is Too Old…

Outliving income is a major concern for many Americans. Long-term care is a likely expense for 70% of Americans age 65 and older and can quickly deplete savings and investments. For most Americans there are just three funding options: self-fund using income and assets, long-term care insurance or qualifying for Medicaid which is government assistance

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Long-Term Care Costs On The Rise

One of the best and most awaited tools in the long-term care insurance industry is the Genworth Financial annual cost of care survey. It offers costs of care venues in a user friendly interactive format and enables financial advisors, insurance producers and consumers to understand the median cost of care venues in 440 regions in

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Long-Term Care Insurance Premiums Should Be Fully Deductible

If long-term care insurance (LTCI) premiums were fully deductible on federal and state taxes, do you think more people would be inclined to purchase coverage? We do. Today, premiums on tax-qualified long-term care insurance policies may be deductible depending on how policyholders file federal taxes. In most cases the amount of the deduction is restricted

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Robotic Caregivers! Is This Our Future?

In previous blogs, we’ve written about the shortage of caregivers and the likelihood that many baby boomers are destined to be elder orphans. In his Think Big article on robo-caregiving, Joseph F. Coughlin, director of the Massachusetts Institute of Technology AgeLab, explores how our aging demographics and advances in technology are creating innovative changes in

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