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Simplifying the process of understanding Long Term Care, and helping you decide if Long Term Care insurance is right for you.

Will Medicare Pay for Long Term Care?

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LTC Staff
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on Friday, 04 May 2012
in LTC Insurance

One common misconception about Medicare is that it will pay for Long Term Care services. In recent years, the United States Government has begun trying to dispel this myth. The Social Security Administration’s annual statements now include the following warning: “Medicare does not pay for Long Term Care, so you may want to consider options for private insurance.”

In some very specific instances, Medicare will pay a portion of Long Term Care costs. Receiving this benefit can be difficult as there are several conditions that must be met in order to qualify.

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How Long Will My Long Term Care Policy Last?

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on Friday, 04 May 2012
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One of the biggest concerns when purchasing a Long Term Care policy is choosing how long you want the policy to last. Common options for benefit periods are two, three, four or five years. This can be a bit misleading. Your policy could potentially last longer than the benefit period you choose. This is because Long Term Care policies use a pool of money when paying out benefits.

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Should I Self-Insure for Long Term Care?

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on Wednesday, 04 April 2012
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Should you consider self-insuring for Long Term Care?

It’s a prudent and logical question for upper-middle and high income individuals to consider as they ponder purchasing Long Term Care insurance as part of their retirement plan. Having helped many such individuals plan for their future long term care needs, I’ve come to the conclusion that many, who think they have adequate capacity to pay for extended care giving services out-of-pocket, haven’t done the math as thoroughly as they should.

When counseling clients, some will say, “I think we have enough in our retirement savings to handle any long term care needs that might arise.” They may be right. With a few follow-up questions, I learn that they might have anywhere between $500,000 and several million dollars in retirement savings and investments. By providing additional information, I’m usually able to encourage a more realistic look at how far their retirement nest egg will last should they need extended long term care. Here are the key cost considerations that are often overlooked.

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Long Term Care and Women: An Essential Retirement Strategy

Posted by LTC Staff
LTC Staff
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on Tuesday, 03 April 2012
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Although Long Term Care insurance is rightly considered an important part of planning for everyone who dreams of an independent and dignified retirement, experts agree that Long Term Care Insurance is especially critical to women. The reasons ought not to surprise anyone who reflects upon the following.

Women are especially hard hit by Long Term Care. Seven out of ten caregivers are women. Many women often find themselves caring for children and an aging family member at the same time; a dual care giving situation that can take a toll on their emotional and physical well-being.

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Long Term Care: For Your Family, Not For You!

Posted by LTC Staff
LTC Staff
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on Sunday, 04 March 2012
in LTC Insurance

When discussing Long Term Care insurance with adults, it is not unusual to hear comments like, “I doubt I will ever be in nursing home,” or “no one in my family has ever needed Long Term Care,” or even “if I ever come to that point, I will have someone in my family shoot me.” The variations on this theme are numerous, but the underlying message is clear. Few of us believe that bad things will happen to us; bad things only happen to the other guy. Human nature powerfully insulates us from seriously contemplating the reality that most of us will eventually become frail and unable to care for ourselves independently. Or that we might have a stroke, a disastrous accident, or be diagnosed with a chronic and debilitating disease. Statistical risk data seems to become irrelevant when it comes to our personal future.

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