As Indiana elder law attorneys, we know that long-term care planning has an important place in both retirement and estate planning, and at Geyer Law, we make every effort to help clients take charge of their finances and protect both themselves and their heirs...
Long Term Care planning is essential as the cost of Long Term Care insurance rises and the cost of long term care itself skyrockets…
Seniors are facing an unwelcome choice as premiums on Long Term Care insurance continue to rise beyond expectations.
The Internal Revenue Service (IRS) has announced the amount taxpayers can deduct from their 2021 income as a result of buying long-term care insurance. Premiums for "qualified" long-term care insurance policies (see explanation below) are tax deductible to the extent...
Continuing care retirement communities (CCRC) are gaining in popularity across the United States. Sometimes referred to as life plan communities, the goal is to provide a long-term care option for older residents. These residents prefer to live in the same community,...
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...
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...
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.
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?
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...
