Buying long-term care insurance is one way to protect against the high cost of long-term care. However, this type of insurance may not be for everyone, so consider all your options. Long-term care – care in a nursing home or at home -- may be paid for in four main...
What a Good Long-Term Care Insurance Policy Should Include
Nursing home and long-term care costs continue to rise and it is difficult to qualify for Medicaid to pay for nursing home costs. Long-term care insurance can help cover expenses, but long term care insurance contracts are notoriously confusing. How do you figure out...
What to Expect When You’re Expecting to Experience Long Term Care
Long Term Care insurance policies come in two basic varieties – stand-along and hybrid. Learn the importance of the word “comprehensive” when it comes to selecting a policy.
COVID Forces Renewed Awareness of Long Term Care Costs
The coronavirus pandemic has focused attention on nursing homes and the costs of long term care insurance. What are the realities to be considered when purchasing LTC insurance?
Does Medicare Cover Long-Term Care?
One of the realities of growing older is the increased likelihood of needing some form of living assistance. As we age, everyday activities such as toileting and bathing may become more difficult. The problem is compounded by neurological degeneration diseases like...
Long Term Care Insurance Choices – Riders and Hybrids
“Planning ahead for long-term care is important because there is a good chance you will need some long-term care services if you live beyond the age of 65,” cautions MyFederalRetirement.com. As Indiana elder attorneys, we certainly agree that long-term care planning...
In Buying Long Term Care Insurance, It Pays to Go for the Sweet Spot
“For aging baby boomers, planning for long-term-care costs becomes more pressing every day. But the insurance that helps cover those costs is surging in price, while the benefits are becoming skimpier,” Eleanor Laise comments in Kiplinger’s Retirement Report. It’s...
When It Comes To Medicaid, the Question Is – Is It Covered?
“To be or not to be? That is the question,” Shakespeare’s Hamlet mused. When it comes to Medicaid eligibility, however, there’s a whole ‘nuther question to ask: “Is it counted?” Medicaid is a joint federal-state government program which helps make medical coverage...
