Alzheimer’s is the sixth-leading cause of death in the country, the fourth-most common reason for needing long term care. It is also the only cause of death among the top 10 in the United States that cannot be prevented, cured or even slowed. Based on mortality data from 2000-2008, death rates have declined for most major diseases while deaths from Alzheimer’s disease have risen 66 percent during the same period.Tags: aging parent, Alzheimer's, Alzheimer's disease, long term care, long term care insurance, The Long Term Care Lady
The recent decision by the Obama administration to abandon the long-term-care provision in health-care reform turns the issue of how to pay for the vastly expensive Home care, assisted-living or nursing-home long term care, that 7 out of 10 Americans* will require, back to the individual. This turn of events coincides with National Long Term Care Awareness Month in November, and offers a timely opportunity to evaluate your future options for long-term care. Each American has to measure the value and their risks when determining if Long Term Care insurance is worth it.Tags: Alzheimer's, health care in retirement, health care reform, how to make long term care affordable, long term care, long term care insurance, The Long Term Care Lady
According to the U.S. Department of Health and Human Services, “At least 70 percent of people over age 65 will require some long-term care services at some point in their lives.” After the age of 65, 70% of people will need long-term care. Additionally 40% of the people receiving long-term care are working age adults between the ages of 18-64. The statistics speak to prudently looking at your risk of losing your independence.
Independence day is the perfect opportunity to ensure that you and your family will remain independent if the need for long-term care arises? This advice comes from LTC Financial Partners, a leading long-term care insurance agency representing multiple carriers.Tags: Independence, Independence Day, July 4th, long term care, long term care insurance, LTC Financial Partners
The U.S. Department of Health and Human Services warns, “Contrary to what many people believe, Medicare and private health insurance programs do not pay for the majority of long-term care services that most people need—help with personal care such as dressing or using the bathroom independently. Planning is essential for you to be able to get the care you might need.” The nationwide campaign 3 in 4 need more is dedicated to educating Americans on planning for their long-term needs.Tags: long term care, long term care insurance, Medicare, Nursing home, The Long Term Care Lady
According to the U.S. Department of Health and Human Services, “At least 70 percent of people over age 65 will require some long-term care services at some point in their lives.” Once reaching the age of 65, 3 out of 4 Americans will need long term care. The nationwide campaign 3 in 4 need more is dedicated to educating Americans on planning for their long-term needs.
Will state or federally funded programs cover your long-term needs? To answer that question we need to look at the two government funded programs they assume might meet their needs.
A majority of Baby Boomers who participated in a recent national survey answered wrong to “Will government programs pay for long term care services” or “Will health insurance pay for long term care services.” 54% of Boomers said that Medicare will pay for their long term care and 44% said that other Health Insurance will [...]Tags: America's Health Insurance Plans, Baby Boom Generation, baby boomer, class act, health care reform, long term care, long term care insurance, Medicare, United States, United States Department of Health and Human Services
In my 13 years as a Long Term Care Planning Specialist, I’ve been asked this at least a few times and I usually respond that ‘I hope you will live a healthy and long life and die in your sleep and never have to use it.’ If you are between the ages of 18 and [...]Tags: annuity, Home care, Insurance, life insurance, long term care, long term care insurance, long term care services, Nursing home, retirement planning, return on investment, United States Department of Health and Human Services
There is lots to consider here, so I’ll attempt to cover the most commonly discussed issues. Understand that I was a daughter who kept the promise to keep her own mother out of a nursing home, and yes, I did quit my job for a time to take care of my own mother, so my [...]Tags: aging parent, Caregiver, dignity, family leave act, home care agencies, long term care, long term care insurance, long term care services, primary caregiver, professional care manager, retirement contribution, retirement plan, Sandwich generation
This past week’s article on BNET CBS Interactive Business Network website by Ken Terry, is a short but worthwhile review of the long term care industry and the CLASS Act, a new long term care entitlement program to be implemented in 2012 if it survives repeal. This new program “creates a modest long-term care benefit [...]Tags: health care reform, long term care insurance, Medicaid, the CLASS Act
Breaking news from the National Underwriter and American Association for Long Term Care Insurance reveals that there has been a 53% increase over 2007 stats in the amount of claims being paid for Long Term Care services by the nation’s Top 10 Long Term Care Insurance carriers. A whopping $11 million was paid out per [...]Tags: assisted living, home health care, long term care insurance, skilled nursing facility, Top 10 Long Term Care insurance companies, Top 10 LTC companies