The Long Term Care (LTC) Blog
More Than Half of 2016 Long Term Care Insurance Claims Were For Home Care
The American Association for Long Term Care insurance (LTCi) just released information on 2016 claims on LTCi. More than half of all claims were for care at home, and 56% of claims ended at home. This means that more than half of all LTC received and paid for by LTC insurance were for care in…
Read MoreHave a Spouse in a LTC Facility? Know the Options You Still Have!
For many people, having a spouse require Long Term Care (LTC) in a facility is so expensive that it is unsustainable unless you purchased LTC insurance. Not everyone did or could, so what can you do? Medicaid is usually the answer as it will pay for LTC once you are completely impoverished. For a single…
Read MoreAging In Place – What Is It? What Does It Cost?
Everyone wants to age in place. People want to stay in their own home, with perhaps some help coming in occasionally to mow the lawn, clean, do laundry, perhaps some help with shopping. cooking, bathing, dressing – when help is needed with those things. Of course we will be healthy, just slowing down a little. …
Read MoreComing Political Changes Affecting Long Term Care
Yes changes are coming. The federal government is very interested in moving programs back to states to handle and Medicaid is one of those. The way this most likely would happen is to “block grant” Medicaid to the states. Give each state a fixed sum of money each year for Medicaid and let each state…
Read MoreWhat to Look for in LTC for 2017?
None of this is cast is stone, but some very good things are likely to happen regarding LTC in 2017! The new administration is likely to make changes that will affect LTC financing. First of all is the good news that the feds plan several interest rate increases next year. Insurance companies make their money…
Read MoreWhen Roles Reverse: Caring For Mom or Dad
Andrew sits in my office exhausted and emotionally spent. Until a year ago, his life was going well. In his late 40s, Andrew found his business thriving post-recession. He worked long hours, but it was paying off. He was proud of the home he and his wife Alison had worked hard to buy. His two…
Read MoreResponsible People Buy Long Term Care Insurance
Oh, they also keep their cars insured and their homes insured and perhaps even have a liability umbrella policy over these two as well. This only makes sense since an auto accident or a windstorm could bring significant unexpected costs. Many of us have not had an auto accident in years (knock on wood) and…
Read MoreWill There Be An Inheritance?
With 10,000 baby boomers turning 65 every month in the US, many of them are planning to leave an inheritance for their family. Most people have no idea of the cost and repercussions of their health changing affects an inheritance. Health will change, and we generally do not get healthier as we age. We slow…
Read MoreNovember is National Diabetes Awareness Month
And, National Long-Term Care Awareness Month! Why do I put these two together? Because diabetics are 65% more likely to end up with Alzheimer’s Disease and need Long-Term Care (LTC). Alzheimer’s has been called type 3 diabetes in some circles. About 9 years ago the connection was discovered in medical research. I am diabetic so…
Read More