Tag Archives: Long Term Care
Long Term Care Insurance Hybrid Policies Gaining Traction
One of the biggest concerns purchasers have in buying long term care insurance is whether they will ever need it and the potential loss if it is never used. However, long term care is expensive and many people understand the … Continue reading
End-of-Life Decision-Making Made NOW
Just as we create estate plans for our eventual demise, we also need to plan ahead for the possibility that we will become sick and unable to make our own medical decisions. Medical science has created many miracles, among them … Continue reading
What Happens if Your Long Term Care Insurance Company Fails?
When you buy long-term care insurance years before you need it, you are taking a gamble that the company will still be around when it is time to pay out. But what happens if the company goes out of business? … Continue reading
Is a Reverse Mortgage Right for You?
While reverse mortgages may look like no-lose propositions on the surface, they also have some significant downsides. First, the closing costs for these loans are about double those for conventional mortgages. For example, closing costs on a $110,000 reverse mortgage … Continue reading
Reverse Mortgages: The Basics
Under our “system” of paying for long-term care, you may be able to qualify for Medicaid to pay for nursing home care, but in most states there’s little public assistance for home care. Most people want to stay at home … Continue reading
Annie, Get Your Dad’s Gun
For those who have aging parents, the thought about having the conversation of turning in their car keys and no longer driving is a tough one. However, with over 35% of Americans owning a gun (according to a recent Pew … Continue reading
Posted in Elder Law & LTC Planning
Tagged Aging Parents, Independent Living, Long Term Care
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Grappling with National Long Term Care Issues
Familiar with the old adage “if it ain’t broke, don’t fix it”? Well, the vast majority of policymakers have been aware for some time that America’s long term care system is “broke;” unfortunately, no one can come to a consensus … Continue reading
Posted in Elder Law & LTC Planning, Long Term Care
Tagged Aging Parents, Insurance, Long Term Care, Medical Expenses
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Healthcare Costs & Retirement Savings
With the passage of new healthcare legislation, more and more eyes are set upon the rising cost of healthcare and how best to contain it. Due to the imminence of the situation, most eyes fall upon the cost of healthcare … Continue reading
“Fiscal Cliff” Deal Pushes Long-Term Care Program Over the Edge
The final budget deal Congress passed to avert the “fiscal cliff” repeals a long-term care insurance program that would have helped keep the elderly and disabled out of nursing homes and off the Medicaid rolls. In its place, the budget … Continue reading
Posted in Alzheimer's & Dementia, Community, Elder Law & LTC Planning, Government Benefits, Long Term Care
Tagged Aging Parents, Alzheimer's, CLASS Act, fiscal cliff, Government Benefits, Health Care, Health Insurance, Healthcare Legislation, Legislation, Long Term Care, LTC expenses, LTC laws, Medicaid, Medical Expenses, Medicare
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AARP Draws a Line in the Sand: NO Medicare Cuts
AARP, along with other groups representing seniors’ interests, has drawn a hard line in the sand when it comes to Medicare cuts being considered in this tough economic time. Their stance? Say “NO” to all Medicare and Medicaid cuts, as … Continue reading
Posted in Elder Law & LTC Planning, Estate Planning & Administration, Government Benefits, Long Term Care
Tagged aarp, Aging Parents, entitlement programs, Estate Planning, Family, Financial Planning, Government Benefits, Health Care, Health Insurance, Healthcare Directives, Insurance, Legislation, Long Term Care, Medicaid, Medicaid cuts, Medical Expenses, Medicare cuts, Retirement, Sandwich Generation
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