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What is the government doing to address Long Term Care issues?

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on Friday, 18 December 2015
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The government, both state and federal, is sending a strong message that it will not pay for Long Term Care for most Americans.

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Applying for Long Term Care Insurance with Your Spouse

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on Thursday, 30 July 2015
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Are you looking for a fun date night activity for you and your spouse; how about shopping for Long Term Care insurance? Admittedly, that doesn’t sound like as much fun as dinner and a movie, but it could be an important step to securing your financial future.

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If You Haven’t Considered Long Term Care Insurance, Now is the Time.

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on Monday, 29 June 2015
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We all tend to procrastinate on occasion. Our minds have a way of telling us that important matter can wait just a little longer; but procrastination can cost you. If you have been waiting to make a decision about Long Term Care insurance, now is the time to act.

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What are the Odds of Needing Long Term Care?

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on Friday, 15 May 2015
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Due to scientific and medical advances, people are living longer than ever before. There are now more people over the age of 100 than any other time in history.

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Assisted Living Facilities: Balancing Care and Independence

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on Wednesday, 08 April 2015
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As you know, Long Term Care insurance is meant to provide assistance in the event of a nursing home stay. You may not know that many policies insure against the financial consequences of a nursing home stay and also provide coverage for Assisted Living Facilities. These facilities provide a range of care, depending on the patient’s needs, but do so in a setting which feels much more like home.

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Home Care: An Essential Benefit of Long Term Care Insurance

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on Tuesday, 03 March 2015
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Many people assume Long Term Care insurance is meant to cover nursing home care only. This was true of the very first Long Term Care policies, but today’s policies have evolved to offer more options to policy holders, including Home Care. A good Long Term Care policy can actually allow you to stay in your home longer.

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How can I convince my aging parents to consider Long Term Care insurance?

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on Monday, 26 January 2015
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Discussing Long Term Care is difficult for both adult children and their parents. Waiting until a parent is ill or becomes frail due to an accident causes even more stress, so it’s important to begin the conversation early.

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Choosing the Right Insurance Company

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on Tuesday, 23 December 2014
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Choosing the right insurance company to issue your Long Term Care policy is a vital step to ensure you are purchasing a policy that meets your specific needs. Here a few tips to consider when choosing an insurance company.

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Pooled Benefits and Joint Policies

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on Monday, 13 October 2014
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You may be able to buy a Long Term Care insurance policy that covers more than just one person, or more than one kind of Long Term Care service. The benefits these policies provide often are called “pooled benefits.”

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Using your Life Insurance or Annuity to Pay for Long Term Care Insurance

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on Tuesday, 09 September 2014
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Have you ever looked at your Life Insurance or Annuity statements and wondered if you could be using the gains from these policies more effectively? One option you may have is to transfer some of that money to fund a Long Term Care policy through a 1035 Exchange. Not only would you be purchasing a very valuable tool for protecting your financial future, but you may also be relieving yourself of a hefty tax burden.

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What is a Tax Qualified LTC Policy?

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on Tuesday, 22 July 2014
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You may have heard that the federal government is encouraging Americans to purchase Long Term Care policies. One way they have done this is to give certain Long Term Care polices attractive tax advantages

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How Are Long Term Care Benefits Paid

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on Monday, 16 June 2014
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Companies generally pay benefits one of two ways: the expense-incurred method or the indemnity method. It’s important to read your policy information and compare the benefits and premiums.

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What to Look for in a Long Term Care Insurance Agent

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on Friday, 16 May 2014
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This is a critical part of getting the right Long Term Care policy. A good agent will not only know about the different companies and their policies, he or she will also assess your individual needs, answer all your questions, and provide ongoing service in the future.

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Will Medicare Supplement Insurance Pay for Long Term Care?

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on Wednesday, 16 April 2014
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Medicare Supplement insurance (Medigap) is private insurance that helps pay for some of the gaps in Medicare coverage, such as hospital deductibles and excess physician charges above what Medicare approves.

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Tax Advantages of Long Term Care Insurance for Companies

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on Monday, 13 January 2014
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Many leading companies have recognized the value of Long Term Care coverage as both a recruiting incentive and an employee retention tool. Because of certain tax advantages, Long Term Care coverage can be added to a benefits package with little or no cost to the company. The specific tax advantages vary based on the type of company.

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Should I Wait to Buy Long-Term Care Insurance?

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on Monday, 16 December 2013
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Many people ask, "Should I wait to buy Long-Term Care insurance when I'm older because I don't think I'll need if for a long time. I'll be paying for it all those years that I won't be using it". This is a very good question.

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Why Are Long Term Care Insurance Prices Going Up?

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on Friday, 15 November 2013
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There are two major driving forces behind all the rate increases: more claims and low interest rates.

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Long Term Care Insurance Prices are Rising...But it's Worth it.

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on Tuesday, 15 October 2013
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There is so much press right now about the rising cost of Long Term Care Insurance, so it is important to remember the reasons why Long Term Care insurance is needed in the first place. If we just focus on prices rising we'll make a big financial planning mistake.

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Tax Advantages of Long Term Care Insurance for Individulas

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on Thursday, 09 August 2012
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As Baby-Boomers across the country reach retirement age, the United States Government has realized that implementing federal programs to cover the cost of Long Term Care services is not feasible. The cost would simply be too great. As a result, the federal government has encouraged individuals to take responsibility for their own Long Term Care planning and offered certain tax incentives to help Americans do so. Tax Qualified LTC plans offer some very valuable tax advantages.

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Custodial Care vs. Skilled Care

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on Thursday, 26 July 2012
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There are two classifications of care usually associated with a Long Term Care claim. They are Custodial Care and Skilled Care. Be sure to understand which types of care you are eligible for under your Long Term Care policy.

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When Will I Be Eligible to Receive LTC Benefits?

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on Thursday, 28 June 2012
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It is very important to be aware of the requirements necessary to trigger benefits in the event that you need to file a Long Term Care claim. Guidelines vary, but can be found in the Outline of Coverage you will receive with your policy. The guidelines in your policy will have an impact on how easily you can qualify for benefits.

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Long Term Care Elimination Periods

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on Tuesday, 12 June 2012
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Just like your health and auto insurance, LTC policies have a deductible. For Long Term Care policies, the deductible is called the Elimination Period. This is the period of time your Long Term Care costs will be paid out of pocket before your benefits kick in.

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Will Medicare Pay for Long Term Care?

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on Friday, 04 May 2012
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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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Long Term Care and Women: An Essential Retirement Strategy

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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!

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on Sunday, 04 March 2012
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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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