How to Provide Long-Term Care to a Burgeoning Elderly Population
Providing long-term care isn’t the problem. We know how to do that. Paying for it is. So, I’m going to define the long-term care financing problem. Both government and scholars have focused corrective action on symptoms of the problem instead of its causes. Long-term care for our Burgeoning Elderly Population includes a broad range of […]
The Health Care Promises We Cannot Keep
By Judith Graham , Kaiser Health News December 12, 2019 NAVIGATING AGING Navigating Aging focuses on medical issues and advice associated with aging and end-of-life care, helping America’s 45 million seniors and their families navigate the health care system. It was a promise Matt Perrin wasn’t able to keep. “I’ll never take away your independence,” he’d […]
Families Forced to Find New Long Term Care Facility After Policy Changes
Families forced to find new long term care facility after policy changes Is it possible to lose money on every customer and make it up in volume? Of course not! Aren’t you glad you have this covered? You will know people who need care and did not plan. I can still help some of them […]
Don’t get caught in this long term care trap! Many people are.
I am being approached by many people who purchased long-term care (LTC) insurance many years ago. They bought the LTC insurance from their life insurance agent, their financial planner, or their home insurance agent – not a specialist in LTC. These agents knew life or home owners insurance, but often just “dabbled” in long term […]
Why Can’t I Spend my Money on Fun?
A recent Wall Street Journal cartoon featured a gentleman visiting his financial planner. In the cartoon, he asks the planner, “Why can’t I spend some of my money on fun now?” Often, retired people are afraid to spend money on fun or travel because they fear the catastrophic costs they would face if one of […]
Why Medicaid Long Term Care is a Bad Choice
Many people don’t realize that, in addition to traditional health care, Medicaid actually pays for most long-term care (LTC) in the United States. In fact, less than 40% of Medicaid dollars are used to pay for traditional health care. The small portion of Medicaid recipients (just over 20%) whose long-term care services are paid for […]
What Can I Do About Long Term Care?
Long term care is very expensive. Few people are prepared for the cost when they determine they need care. Fortunately, there are ways to deal with the bills even if you do not have much money. Medicaid requires beneficiaries to spend all savings and other assets down to impoverishment before they will pay for care. […]
How to Use Untaxed Dollars to Cover Long Term Care
You may have heard that Long Term Care insurance (LTCi) premiums can be tax deductible. But (and there is always a but), there are restrictions. LTCi premiums are fully deductible on your Wisconsin income taxes, regardless of whether you itemize taxes, how much or how little your taxes are, or whether you have enough other […]
“How to Deal with Long Term Care Financially” Seminar Scheduled for March 19
FREE LTC Seminar on March 19 @ 1:00 pm – 2:00 pm When: Tuesday, March 19 Where: Allouez Village Hall, 1900 Libal Street Topic: How to Deal with Long Term Care Financially Presenter: Romeo Raabe, Owner of the Long Term Care Guy What will you learn? The thought of paying for long-term care can be daunting, but […]
Most Retirees Concerned About LTC Costs
“Seventy-two percent of retirees are concerned about long-term care expenses for assisted living services, nursing home care and home healthcare, according to a new national survey, making such expenses the most frequently cited spending concern by respondents.” — T. Rowe Price Will you need to move in with your children someday for care? Have you […]
