The Long Term Care (LTC) Blog
Are You Assuming Medicaid Will Cover Your Long-Term Care?
Many people plan on Medicaid covering their Long-Term Care (LTC) costs. Medicaid is the fallback for people who do not have enough money to pay for this care. It is a payer of last resort and pays the caregivers less than the cost to provide that care for you. That is why many facilities will…
Read MoreHealth Can Change Quickly – When Should You Think About Long-Term Care?
Let me share two examples. The first is a couple in their late 40’s. Their financial planner strongly suggested investigating Long-Term Care (LTC) insurance to them a year ago and they said they are way too young and healthy to even consider it. Recently they agreed to let the planner bring me in to investigate…
Read MoreCheck Out Our New Website!
We have completely redone our website to incorporate information in an easier to find format. We also hope you will like it, and do so on Facebook as well. We have our “protecting money from Medicaid” video right on the front page, near the bottom. So many people are amazed that even if they are…
Read MoreLong Term Care costs are increasing regularly!
Inflation may seem low, but there are several different rates, depending on what costs are being tracked. Gasoline has gone down in cost, food is going up in cost, the CPI (consumer price index) is going up slowly, and the costs of Long-Term Care services are going up faster. Long-Term Care (LTC) costs have been…
Read MoreWHO Will Pay For Your Funeral?
It won’t be your life insurance, that often takes weeks before the money comes. It won’t be your money as that is frozen at death and all Powers of Attorney (POA’s) are instantly null and void at death as well. Often a family member is called up on to pay those bills (they will be…
Read MoreSix Long Term Care Facilities in N. E. Wisconsin are Declining New Residents or Closing Wings
I just learned this recently from a social worker who works in Door and Kewaunee Counties. At first blush this seems odd with the advancing age of baby boomers needing care. In Green Bay, WI, at least three new Long Term Care facilities have been built every year for the past 10 years. They seem…
Read MoreTeaching and Helping People is the Best Reward!
I enjoy both speaking and teaching. It is now a requirement that before a licensed insurance agent can sell any type of Long Term Care insurance, they must have an initial 8 hour certification course and every two years an additional 4 hour refresher course. I not only teach these in several states, but I…
Read MoreWill Your Empty Nest Sadness be Solved By Mom Moving In?
I listened to a public radio program this morning about empty nesters and what they do to fill the void when children finally leave the nest. A number of callers spoke of how a parent moved in when they could no longer function at home on their own anymore. Having a parent move in when…
Read MoreStudy: Elderly’s Family Caregivers Need Help Too
Nearly 18 million people care for a relative older than 65 who needs help, yet “the need to recognize and support caregivers is among the most significant challenges” facing the nation’s swelling elderly population, their families and society, according to the report from the National Academies of Science, Engineering, and Medicine. Describing family caregiving as…
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