Is Long Term Care Insurance Worth it?
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 LadyIs Your Business Ready For The CLASS Act?
Many companies seem conflicted by a key part of the recent Health Reform legislation, the CLASS Act, which will offer a form of long term care insurance for working people who may become disabled. “CLASS” stands for Community Living Assistance Services and Supports, and the program, a legacy of the late Senator Edward Kennedy, is [...]
Tags: C.L.A.S.S. Act, Employee benefit, employee benefits, Financial Services, florida insurance, Insurance, long term care, long term care insurance, LTC Financial Partners, United StatesBoomers Wrong in Survey, In For Rude Awakening
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 ServicesRegulators Admit CLASS Act Unstable
Even though I just released a blog yesterday on this very topic, I just had to post this update. Below is an excerpt from the insurance industry’s National Underwriter dated today: U.S. Health and Human Services Secretary Kathleen Sebelius says regulators are coming up with ideas for keeping the new federal worksite long term care [...]
Tags: health care reform, long term care, long term care insurance, the CLASS ActWhat Health Care Reform Doesn’t Cover
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 ActEmployer’s Role in Long Term Care Education
HR Florida Review (Fall 2010) featured an article by David Nunes, Jr., an independent benefits consultant and member of the Great Miami Society for Human Resource Management. The focus of the article explained that having a systematic approach to improving the overall health of the employees can also provide a healthy return on investment when [...]
Tags: Alzheimer's disease, care giving, Caregiver, early retirement, Health care, health care reform, HR Florida, human resources managers, long term care, long term care insurance, Sandwich generation, voluntary group benefitsNovember is National Long Term Care Awareness Month
With the advent of the CLASS Act (next phase of Health Care Reform), last year’s implementation of a mega reduction in Medicare benefits phased in over the next 9 years, and the current tougher laws for accessing Medicaid’s long-term care services, it’s great timing that this month is National Long Term Care Awareness Month (Nov. [...]
Tags: class act, health care in retirement, health care reform, health insurance, Home care, long term care, long term care insurance, Medicaid, Medicare, Nursing home, United States
