Tag Archives: insurance
When I started my business in 2000, there were about 140 insurance companies marketing long-term care insurance products. Today, just a handful. About seven offering standalone products if you count the federal program for government employees. More if you include insurers offering hybrid designs that include a life insurance or annuity component. Collective premiums in
Another attempt at long-term care funding. The WISH Act: Well-Being Insurance for Seniors to be at Home. Do we need it? Sure. Only 10% of Americans aged 50 and older have long-term care insurance. Yet most of us will experience a long-term care event once we reach age 65 and beyond. Average long-term care expense
As one financial advisor commented this week, most Washingtonians haven’t a clue about this new tax. And they won’t until they see it in their paychecks. As Steve Moses of the Center for Long-Term Care Reform has so aptly opined, the WA Cares Fund is what happens when the Keystone Kops design a long-term care
Brain Power Exercise is great for your general health, find out how it helps fight aging from Aging IQ.
It’s not a fun topic. We get that. But it just might be the most important thing you do to protect your financial security. Here are five key reasons: Most Americans aged 65 and older will need long-term care. Who Needs Care? | ACL Administration for Community Living It’s not covered by Medicare. Medicare | ACL Administration
My dad is 100 years old. He has two long-term care insurance policies. Yes. We’ve dealt with rate increases on both. We’ve reduced coverage from lifetime to four years. And are about to reduce coverage again due to another rate increase and his life expectancy. He’s well beyond his life expectancy and still going strong!
Have we learned a lot in the last year? Obviously not in the classroom. But there are a lot of takeaways from 2020. And resilience is but one. Planning ahead another. For many working from home became a new experience. It turned routines upside down. Required new or upgraded equipment. Increased productivity along with frustration
I JUST HATE … Rate increases! More than you do! Why oh why In our opinion there have been two rounds of rate increases on long-term care insurance policies (LTCI). But given the way state insurance commissioners have approved increases it seems as though they are eternal. Keep in mind that these rate increases primarily
Definition: An arrangement whereby several participants live together in one home. The participants share the costs. Are you single? No kids? No family nearby? Lonely? Retired or soon to be? Worried that you will be an elder orphan? A Golden Girl living arrangement may be to your liking. It was September of 1985 when the