Tips for policyholders in the wake of Genworth Financial's announcement of continuing struggles with its LTC business.
The rules for contributing to a health savings account are stricter than they are for taking money out.
The Obama administration said it wouldn't implement a long-term care insurance program that is part of the 2010 health overhaul, its first major reversal on its signature domestic achievement.
Who needs long-term care insurance … and who might be able to do without it?
Your health insurance or Medicare won't help much if you have a long stay in a senior care facility, at around $250 a day
Prepare for your future and discover how to fit long term care planning into your retirement. Start your planning today and learn more.
Long term care is a topic that we are getting more and more questions about and is fast becoming one of the largest parts of the body of work and planning that we do for our clients and members.
When you and your family are ready to start discussing long term care, please consider including your trusted advisor from our firm. Learn more here.
Q & A regarding Long Term Care Insurance
Submitted by MIRUS Financial Partners on March 30th, 2016
Question
Answer
As we get older and our health declines, the greater the chances are that we will require home care, nursing home care, or other assisted-living arrangements. This care is quite expensive, and Medicare, HMOs, and Medi-gap don't pay for it. You might want to look into purchasing…
I used to cringe when the staff at Pop Pop’s nursing home called him “Sweetie.” Bernie would have been fine. Mr. Covitch would have been better. Sweetie, to me, wasn’t a name you’d call a man who identified as a military officer, a business owner and a father of three. It was just too cute and too casual. So when I recently visited a long-term care resort in Thailand, I initially was struck by how the owner insisted on calling residents guests. Well…
Q. My wife and I are considering whether to purchase a long term care insurance plan and, if so, what type. Our advisor has suggested considering asset-based long-term care. With this type of plan, we
Fee-only financial planner Rick Kahler: Provide for special-needs adult child with trust using corporate trustee, family or agency advocate, fiduciary planner
Learn about what long-term care insurance is and how it can protect not only you, but you're loved ones too.
Chances are, you're going to need it someday, and luckily there are several options, including annuities and life insurance with an acceleration of the death benefit, designed to help.
The limits of deductibility for long term care insurance have increased for 2011, but who benefits? Attained Age Before Close of Taxable Year 2011 Deductible Limits 40 or less $ 340 More than 40 but not more than 50 $ 640 More than...
Our goal is to make your life easier. Caring for a loved one with Alzheimer’s or dementia can be highly stressful. Download this long term care whitepaper.
The chances of needing long-term care, its cost, and strategies for covering that cost.
In this video series, people share their experience of why they purchased long-term care insurance.
When it comes (read more) to LTC protection, it’s time to know the myths, master the facts, and have the conversation....