Archive

A Crash Course in Long-Term Care

If you’ve helped an elderly friend or relative find and figure out how to pay for long-term care, or you’ve done so yourself, you likely confronted a bewildering maze of unfamiliar terms as well as extreme financial complexity. What’s the right type of care given the person’s needs? What type of care is covered by... Read more »<...
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50 Must-Know Statistics About Long-Term Care

Perhaps you’ve bitten the bullet and purchased long-term care insurance, or decided to pay out of pocket for long-term care. Or, if you’re like many people, what to do about long-term care is just a nervous thought that flits through your head from time to time–triggered when you hear about a relative being diagnosed with... Read more…

4 reasons you need long-term care insurance

The average couple retiring in 2014 can expect to pay $220,000 to $240,000 in health-care costs during the course of their retirements, according to a new estimate from Fidelity Investments. As if this weren’t scary enough, lost in the fine print is the fact that this figure doesn’t include long-term care. Long-term care costs can... Read more »
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Linked vs. built-in living benefits: Which is a better fit?

While the value of hybrid life insurance policies that also provide living benefits may be old news, new developments in the health insurance market mean that many clients may need these policies more than ever today. The rising cost of health care has collided with one increasingly prominent trend: employer-provided health coverage is often being scaled back... Read more…

Paying Long-Term-Care Premiums With HSA Money

Can I use money from my health savings account tax-free to pay long-term-care premiums? Yes. If you have a “tax-qualified” long-term-care policy, you can use money from your HSA tax-free to pay a portion of the premiums. A long-term-care policy is tax-qualified if it pays benefits when you’re unable to perform at least two activities... Read more »
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Medicare Supplement Insurance Association to Broadcast from 2015 Conference

Los Angeles, CA, July 09, 2014 –(PR.com)– The American Association for Medicare Supplement Insurance announced plans to stream a live feed of select sessions from the organization’s 2015 National Med Supp Insurance Summit.“This is the only national conference exclusively focused on Medigap insurance products and we plan to stream sessions specifically of interest to agents... Read more…

Americans Are Totally Unprepared for This Shock

Never mind saving for retirement: Americans today face the bleak prospect of poverty in their golden years because they have no idea how much nursing homes cost and they wildly underestimate how much they’ll need. In a new survey by MoneyRates.com, 40% of respondents say they’ve set aside nothing — zilch — towards paying for the... Read more…

50 Or Older? 10 Things You Should Do With Your Money

Birthdays that mark a new decade tend to prompt personal reassessment: In your 20s, starting your career may have been your focus. In your 30s and 40s, maybe it was the big goals you wanted to reach with your family. But by 50, you may already feel like you’ve got it figured out. You make... Read more »
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Why you need long-term care insurance and tips on buying it

Maria Mascone’s mom had dementia, and she spent her final six years in an assisted living facility. The cost of the facility ran about $3,000 a month. Mascone says her dad left behind a sizable nest egg, and eventually the sale of her parents’ home helped cover the cost of her mother’s care. Now that... Read more…