Results for Long-Term Care

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.

To help cover potential continuing care expenses, many experts advise boomers to purchase long-term care insurance. Here's what they need to know.

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

Deciding between traditional and combination products can be difficult, but better understanding plan features can help.

Some investors choose long-term care insurance as part of retirement and estate planning. You may need guidance deciding how much insurance you will need.

Long-term care insurance is far more expensive for women than men, so here are ways women can keep costs down.

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.

With nursing home care in some parts of the country costing as much as $10,000 a month, a long-term need for care can deplete even the best-planned estate. 

If your parents live in Kentucky and you live here in Pennsylvania and your brothers and sisters live in California and New York, chances are you may have had “the conversation” discussing with your parents where they might live if one of them needs long term care. It is not just a question whether they …

A Boston College study found that more than a third of people age 65 with long-term care insurance let their policies lapse.

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.

The brief’s key findings are
Long-term care is expensive, but only 13 percent of single individuals over 65 have long-term care insurance
Previous models of care usage appear to understate the risk of going into care and overstate the duration of care for those who require it.
If long-term care is a more likely, but less expensive, event, fewer people may benefit from insurance than previously…

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…

Someone turning 65 years old today has almost a 70% chance of needing some type of long-term care services in their remaining years, according to the U.S. Department of Health and Human Services.

Good planning for long-term care crosses the legal, financial, medical and practical aspects of aging, and it necessitates talking with your family.

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…