Open Enrollment for Medicare is from October 15th to December 7th. I’ll be helping people make changes to their plans and ensuring they’re still on the best drug plan – which is more important this year because upcoming changes will soon be announced. If you’re already enrolled, you don’t have to do anything. Still, you […]
Comments Off on Medicare and Long-Term Care Insurance Continue Reading...Long-term care insurance can play a significant role in facilitating aging in place, which refers to the ability of elderly individuals to live independently and comfortably in their own homes or communities for as long as possible. In fact, according to the Administration on Aging, someone turning age 65 today has almost a 70% chance […]
Comments Off on Aging with Dignity: How Long-Term Care Insurance Makes a Difference Continue Reading...Jane gets long-term care insurance at age 78 Jane is 78, a retired professor who lives independently (still advising students). Several months ago, Jane contacted me about finding out about Long-Term Care Insurance and was wondering if that was still an option for her because she did not want to be a burden to her […]
Comments Off on Long-Term Care: Client Story Continue Reading...The other day I met a young financial advisor who told me that her firm advises clients to look into Long-Term Care Insurance between the ages of 60 and 70. She also told me that they discourage the purchase of Long-Term Care Insurance for clients with assets less than $600k. This One Size Fits All Approach is frustrating. As […]
Comments Off on The One-Size-Fits-All Approach is Frustrating Continue Reading...Long-term care (LTC) can vary from home care and adult day care to residential care in assisted living or nursing home facilities, and as anyone who’s dealing with ailing family members learns, the costs can add up very quickly. Yet the majority of Americans will live in a nursing home or other facility at some […]
Comments Off on Long-Term Care Insurance: Keeping it Affordable Continue Reading...We recently wrote an article about women being the primary caregivers. It’s women, after all, who typically bear the primary responsibility of caring for aging and ailing family members. It’s women who have historically sacrificed career opportunities and shortchanged their own families because of what can become the overwhelming burden of caregiving. Caregiving affects the […]
Comments Off on Long-Term Care: It’s Not Just a Women’s Issue Anymore Continue Reading...The best time to be planning for retirement is when you’re still working and accumulating wealth. In addition to growth investments, cash reserves set aside for emergencies and life insurance, your potential need for long-term care (LTC) should be included in your retirement planning. LTC not reserved for the elderly When it comes to LTC, […]
Comments Off on Smart Retirement Planning: Start Early and Consider a Hybrid Policy for Long-Term Care Continue Reading...A recent series of NPR interviews discussing long-term care for aging baby boomers made it painfully clear how ill-prepared this generation is for old age. For many boomers, a long, slow decline would quickly deplete their resources. For better or worse, modern medicine has increased our longevity. It’s great if you remain healthy and have […]
Comments Off on Long-Term Care Insurance: Myths and Misperceptions Continue Reading...Like many of you, I do a lot of reading to stay on top of the changes in my industry. I need to be able to provide the very best advice for my clients. Something I haven’t talked a lot about is disability insurance, but this story caught my attention. This was about Derek, a […]
Comments Off on Case Study: A Surgeon is Grateful for Long-Term Disability Insurance Continue Reading...