Category: Long-Term Care Insurance

Last time, we began discussing how unbeknownst to many people, the long-term care policy that they’ve been so ambivalent about securing can actually provide some substantial benefits come tax filing time. Specifically, we discussed in our last post how even though the Internal Revenue Service hasn’t made the filing process easy, those with long-term care […]

With the holidays in full swing, most people are preoccupied with everything from travel plans and gift wrapping to cooking and social engagements. In fact, it’s safe to assume that the furthest thing from everyone’s mind right now is filing their 2016 federal tax return. However, given our recent discussions about the value of long-term […]

Yesterday, we discussed how many Americans are opting not to purchase long-term care insurance owing to their perhaps unfounded fears about insurer insolvency and cost, and how this reality becomes highly unnerving given that statistics show that roughly 75 percent of people who live to 65 will need some type of care. We also started […]

From investing in retirement accounts to executing a comprehensive estate plan, many people imagine that taking just a few actions will safeguard their future, such that they can approach their golden years with few concerns. While this is true to a certain degree, there is at least one area in which the efforts of even […]

At this moment, people across the nation are busy finalizing holiday plans that will enable them to be surrounded by family. While this time can be used to catch up, relax and simply bask in the comfort that comes from spending time in a familiar environment, some experts are actually suggesting that it might be […]

The youngest baby boomers in the United States, including in California, are currently in their 50s, and there are 70 million baby boomers. With the life expectancy in America being almost 80 years old on average, the demand for long term care insurance can be viewed as a strategy for protecting assets. With this type […]

No one likes to think about what will happen to them as they age. However, as uncomfortable as the topic is, Americans desperately need to plan for the future and assess their potential long-term care needs. In honor of Long-Term Care Insurance Awareness Month, here are key facts about long-term care that everyone needs to […]

No one ever relishes having to write a sizeable check to the insurance company. However, the benefit of this exercise soon becomes apparent as you are granted the much-needed peace of mind from knowing you are covered in the event of the unimaginable or, in the case of an annuity, that you are guaranteed regular […]

Almost half of U.S. states provide Medicaid long-term care benefits through managed care. There are 13 states that require older adults to get their care that way. The latest annual survey of state Medicaid programs by the Kaiser Family Foundation shows that four out of five states are increasing home care benefits. Sixteen states are […]

Home care allows for the elderly, senior citizens and people with disabilities to continue to live in their homes, but with trained help for personal and some medical care. It’s less expensive than paying for a nursing home or assisted living facility. However, it can still be costly for people on limited incomes. There are […]