Results for Long-Term Care

It’s Long-Term Care Awareness Month. A lot (most?) people don’t really understand what long-term care insurance is, what it does and why people need it as a part of a sound financial plan. Click on this link for a free guide, aptly named, What You Need to Know About Long-Term Care Insurance. It answers a lot of questions, and may bring up some additional ones. Be sure to sit down with an agent or advisor who can walk you though the finer points…

The concept of linking long-term care and life insurance policies is relatively new to the market.

With long-term care averaging $229 a day for a private room in a nursing home, it can quickly deplete your savings if you're not prepared. That's where long-term care insurance can help.

Many people aren’t planning for their future long-term care needs because they think the government will pick up the tab. In reality, that’s just not true unless you are eligible for Medicaid (generally those with less than $2,000 in assets). Given that about 70% of people over age 65 will need some type of long-term care in their lifetime, according to the U.S government, this is a serious mistake to be making. Here’s why.Medicare limits coverage for long-term care services. Generally it will…

Policies that help pay for nursing care can be costly. Here's what you can do to keep down the price.

So you’ve made the decision to learn more about long-term care insurance. That’s smart, as neither health insurance nor Medicare would pay for extended long-term care services in the event that you needed them in the future. Plus, there’s about a 70% chance you’ll need some type of long-term care after age 65, according to government stats. And given that the cost of long-term care can quickly deplete your life’s savings, it just makes sense to add it your financial plan. When you…

The task of searching for long-term care is chock full of need-to-know data.
The person's health condition, their strengths and weaknesses

Tips for policyholders in the wake of Genworth Financial's announcement of continuing struggles with its LTC business.

Contrary to popular belief, long-term care insurance is not nursing home insurance. Think of it this way, if you have a chronic illness or become disabled and can no longer care for yourself for an extended period of time, you’ll need long-term care services. Long-term care insurance can help you pay for the care you need, in the setting you’d prefer, such as your home. Here are some tips on getting coverage: 1. Buy with your spouse or partner. Long-term care insurance companies…

Most of us don’t plan for the financial costs of caregiving. Learn why long-term care should be a part of your financial plan.

Jamie Hopkins, a professor at the American College of Financial Services in Bryn Mawr, Pa., suggests that hybrid products that combine long-term care coverage with an annuity or life insurance contract offer far greater flexibility to retirees than traditional long-term care insurance.

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.

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

Americans are living longer but getting sicker, so more will require long-term care.

Here’s a list of 10 questions to ask that may help you better understand the costs and benefits of long-term-care insurance.

As long-term care insurance costs continue to push higher, consumers are grappling with the prospect of skimpier benefits or alternative strategies.Policies from several years ago "were cheaper, had...

As much as we don't want to talk about it, it's important to have a long-term care plan.

Maria Mascone's mom had dementia , and she spent her final six years in an assisted living facility.

Different long-term care policies cover different services. Make sure you choose the policy that’s right for you.

Long-term care insurance is expensive, and experts predict costs will continue to rise. For couples trying to save money, a shared care plan may offer the best balance between benefits and cost. In a shared care plan, each spouse...