The Long Term Care (LTC) Blog

If you are earning 2% on your investments, you need a different investment adviser.  If you are earning 4-5% with some degree of safety, your planner is doing fine for you.  If your planner says he/she can get you 10% safely, you need to look elsewhere.  If the planner is actually getting you 10% consistently,…

THIS IS A REBLOG FROM THE HUFFINGTON POST. I HAVE ADDED 2 COMMENTS IN BOLD CAPITALS Studies indicate that people over the age of 65 years will need some form of long-term care help. Genworth said sixty-six percent would need extra care while The Inquiry said seven out of ten would need it for at…

First, the problem: HHS says that once we reach 65, we have a 70% chance of needing Long Term Care (LTC).  One in seven will need care for more than 5 years. If you pay for such care, expect to spend more than $265,000 on it, according to the Office of the Assistant Secretary for…

Organizers want the public to “get involved” by watching the event live, sharing personal stories, interviewing an older adult, or completing the sentence: “Getting older is getting better because…..”.  Will any of that promote changes or do much good? Talking about a problem sometimes produces good ideas on how to deal with it.  Some ideas…

It’s probably the worst investment you can make.  You hope you never collect a dime on it, and it’s expensive.  In fact, it’s not actually an investment at all. Long Term Care insurance (LTCi) is pure insurance, like term life insurance.  It won’t make you any money unless you use it.  With term life insurance…

A new study by researchers at the University of California at San Francisco states the US will need an additional 2.5 million  long term care workers within 15 years.  By 2030 about 20% of Americans will be 65 or older and 19 million older adults will require Long Term Care (LTC). Another article in the Journal…

Inflation is low, inflation has been low for some time.  Those of you living on the interest from your CD’s will attest to this.  However, in one area of the economy, things are picking up rapidly. Assisted living facilities, the nice looking places that will help you with bathing, dressing, medications and more, are going…

That sinking feeling when you open the envelope from your LTC insurance provider is justified, they are raising your premium.  Drat!  Can they really do that whenever they want, and is there anything I can do about it? No, and yes.  No they cannot raise your premium any time they want more profit, they must…

Former Senate Majority Leader Bill Frist shares our eagerness to attract the presidential contenders’ attention to long-term care in this Forbes article titled “A Charge To Presidential Hopefuls: A Plan For Alzheimer’s“. Quote:  “One in five Americans are obese. One in four has a risk of dying from cancer in their lifetime. But one in three that live beyond 65…