Dear Carolyn: Inlaws Want Their Mom To Move In With Us
Dear Carolyn • Five years ago, my mother became unable to continue living alone, so she came to live with me, my husband and two young children. As she physically declined, she paid for upgrades to our home that allowed her to stay with us longer. However, in the last year she began to fail […]
What We Don’t Know About Long Term Care – Is A Lot
Americans over 40 — in other words, us — are dangerously unaware of our likely need for long-term care when we age and woefully ignorant about the costs, according to a new poll of adults in midlife and beyond. The telephone survey of 1,019 boomers over age 40 was conducted by the Associated Press-NORC Center for […]
These Are The Good-Old-Days of Long Term Care
I heard this at a panel discussion featuring speakers from Wisconsin’s Health and Human Services department in Madison, the state capital, two weeks ago. We have the facilities, we have the staffing, we have the home care agencies to care for our older Americans – yet. The baby boomers are turning 65 at a rate […]
Where Will The Workers Come From (and What Will The Price Be?)
Long Term Care is getting more and more expensive every year. LTC insurance is getting more and more expensive each year as well, it’s a direct correlation. This morning’s Green Bay Press Gazette had a guest commentary about boomers becoming part of the labor solution. The article stated that in less than 30 years, the […]
Help! My LTC Insurance Premium Is Going Up
Inflation, you can’t live with it, and economists say we can’t live without it. But when you get a letter telling you that the cost of something you are paying for is going up, it’s not a pleasant experience. There are several things you can do to mitigate a price increase on your LTC insurance […]
Is It Too Late To Get Long Term Care Insurance?
For many it is too late. By 60 years old, approximately 25% of us are not healthy enough to be accepted for this insurance. It gets more expensive the longer you wait as well. For each year you wait in your fifties, you will pay 3% to 4% more, while in your sixties, waiting a […]
Caregivers Trials and Tribulations
The New York Times recently reported that caregiving is set to become the number one profession in the USA by the year 2020, overtaking retail. This tells us there are a tremendous number of people caring for an individual needing long-term-care (LTC) services. Whether they are working as a professional caregiver, or are caring for […]
Qualifying To Purchase LTC Insurance Is Becoming Much More Difficult
Years ago the Long Term Care (LTC) insurance industry went through an education process which some say is continuing today. The industry learned that blood pressure and cholesterol led to death, not disablement, and thus insurers are not too concerned about those conditions. Cancer was not seen as a concern since once you needed assistance […]
Is Something Really Better Than Nothing?
Recently, I have had a few conversations with agents about clients who have purchased the life/long term care products. Now, it’s no secret that I am skeptical about the benefit of these products for clients (which I’ll explain later). When I share my concerns with the agents, I invariably get the response, “Well, something is […]
5 Retirement Income Risks
Are you aware that 80% of mountain-climbing accidents happen on the way down, not the way up? Reaching the peak is a thrill for climbers, but the second half of that journey, getting down safely, presents the greatest risk and requires the most planning. If you have saved and invested well and reached the peak, […]
