LTC Tree Agents Discuss Long Term Care Insurance Rate Increases
https://www.youtube.com/watch?v=z1kyo0CUcuw
If you’ve read anything about Long Term Care Insurance in the news, it’s almost a guarantee that you have read about the rate increases that have been happening over the past few years. Journalists and newspapers love to talk about the rate increases and how substantial they are, but they often leave out some of the more important points that could be of help to consumers.
LTC Tree agents held a video discussion recently to discuss the issue of Long Term Care Insurance rate increases, how they work, how policyholders are handling them, and how consumers thinking about buying a policy[…]
Prepare for the Unexpected in Retirement
When it comes to planning for retirement, there are all kinds of planners. There are those who have planned their retirement down to a t, there are those who haven’t planned anything, but keep reassuring themselves that it will get done this year, and there are those who have a pretty good general idea of how their retirement will go. In truth, though, there are certain things that are impossible to plan for no matter how meticulous you are, and a sudden health care emergency in retirement is one of them.
Finding Peace of Mind
Sudden health care in retirement is not[…]
Connecticut House Passes Bill to Address Long Term Care Insurance Rate Hikes
The Connecticut House of Representatives recently passed a bill that is designed to mitigate the financial burden of Long Term Care Insurance rate increases on consumers.
Spreading Out the Cost
S.B. 199 would require insurers filing for a rate increase of 20% or more on any Long Term Care Insurance policy to spread the monetary increase out over a period of three years or more. The bill also requires insurers to provide policyholders with advanced notice of a premium rate increase before the increase is implemented, in addition to offering an option for policyholders to reduce their benefits and keep their[…]
Anti-Anxiety Medication Linked to Increased Risk of Death
A large-scale study has identified a connection between anti-anxiety medication, sleeping pills, and risk of premature mortality. Though scientists clarify the study proves correlation, not causation, the data results are still noteworthy for anyone already on or considering these drugs.
Possible Concerns
Prescriptions of anti-anxiety medication and sleeping pills have continued to increase over the years and have raised some concerns from various scientists. According to the study, more than 16 million prescriptions were written for these types of drugs in England general practice alone between 2011 and 2012.
The recent study cites evidence of adverse effects that were documented in other research[…]
Pets Can Lower Risk of Long Term Care
Pets teach their owners a lot of things: responsibility, patience, and that treats can go a long way. Turns out, having a pet also may also benefits the owner’s health. Research has found that having a pet reduces your risk of certain risk factors and diseases, including heart disease, which puts you at risk of needing long term care.
Heart Disease
In May 2013, the American Heart Association published a statement announcing that dogs were associated with a reduction in heart disease risk factors and increased chances of survival among heart attack patients. According to their research, owning a pet was[…]
Cost of Long Term Care Continues to Rise in US
It’s that time of the year again: Genworth Financial has released their 2014 Cost of Care Survey. Every year, the Long Term Care Insurance provider publishes their annual report that details the cost of long term care across the United States to help consumers learn more about the different care settings and options available.
Who Needs Long Term Care?
Long term care refers to care received when someone is in need of care for an extended period of time. The most common long term care settings are nursing homes, assisted living facilities, and at home. Long term care often consists of[…]
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