Long Term Care Decisions
Thinking about deciding on a policy that best suits you? It’s a lot easier than it sounds. Many people either don’t know the facts or are unaware of the major costs of long term care. Even if you have a great retirement plan, it can’t save you from the high expenses of long term care.
Long term care is extremely important because if you get to a certain point where you need assistance in bathing, getting dressed and preparing meals, they are there to help you. Life is very unexpected and as of right now long term care is averaging at[…]
Secure Your Future
It’s never too early to start planning for your future. With all of the changes with medicaid and medicare, you can’t rely on just that to cover all of your expenses post-retirement. Especially because you don’t know what the future holds and if you will need long-term care or not.
The cost of long-term care can be expensive – but by not having a policy in place you are putting your health and finances at risk. Paying a small amount over time to ensure your future well being is a small price to pay[…]
When is the RIGHT time to invest in your LTC Policy?
Expenses can be a huge stressor in life. The last thing many people want to do is purchase an insurance policy that will add to their list of bills and expenses. However, many of those people will end up having to shell out much of their life savings just to afford a portion of their long-term care, and many will outlive their savings. Unfortunately, this is the reality of the matter, but there are ways to find affordable care and not reach a point of financial havoc, and most of this has to do with timing.
A common misconception is that[…]
LTC coverage when you actually need it
The biggest concerns for people when considering whether or not to purchase LTC insurance are will they be able to afford it and will it provide enough coverage. But, due to the failure of two long-term care insurers, a whole new concern has been brought into the picture. Will the insurer still be in business when it comes time for you to make a claim?
Penn Treaty Network America Insurance, and its subsidiary, American Network Insurance were placed in liquidation in March. This Allentown, PA., based long-term care insurer leaves 76,000 policyholders uncertain if they will get the benefits they paid for. The two companies now[…]
Looking for Father’s Day Ideas?
Long-term care (LTC) is not something everyone is constantly thinking about as they get older. Many people do not begin thinking about it until they need it, and by then they end up having to pay for all of the services theirself.
These services include medical and non-medical care. The reason most people need long-term care is to assist them with support services for activities of daily living such as dressing, bathing, eating, and using the bathroom. You can receive the services at home, in assisted living facilities, or in nursing homes.
The cost of LTC is[…]
What is Your Plan for Long Term Care?
Many people believe they will never need long term care. Some may be right, but others are sadly mistaken. In fact, studies show that 70% of Americans who turn 65 will need long term care at some point. Especially if you are married, odds are, one of you is more than likely going to need long term care.
Long term care is not just limited to medical care. It also covers in-home care and nursing homes. In-home assisted living is when someone, a licensed nurse or someone else, helps you do basic everyday tasks, such as bathing, eating, getting dressed, using the toilet,[…]
Reviews of each company’s financial stability ratings, claims experience, and size.
A side-by-side comparison of each company’s policy features. We cover the similarities and the differences.
Price comparisons customized to suit your specific needs from top carriers such as Nationwide, Thrivent, New York Life, National Guardian Life, Mutual of Omaha, and more.