Category Archives: Long-Term Care
Have You Neglected Long Term Care Planning for Your Estate?
A recent Banker’s Life survey that included 1500 middle income Americans between the ages of 54 and 72 reveals that most baby boomers haven’t planned for long term care expenses. Around 10,000 people across the United States are turning 65 in the United States every single day, and of those, nearly 70% of people… Read More »
Retirement Planning Beyond the Basics
There’s no doubt that the workforce is changing and as more baby boomers are reaching retirement age, this is also raising questions about how retirement is different. Traditional retirement planning might not cut it anymore, particularly if you’re not using comprehensive estate planning tools to target your goals. What is important to consider is… Read More »
Discharges, Medicare, and Long Term Care Basics for Seniors
A new study identified that Medicare could save approximately $4.6 billion with no negative impact by disallowing discharges to long term care hospitals. The study analyzed different outcomes for patients between 1998 and 2014 for those patients who were discharged to long term hospitals. Do you have long term care insurance to help you… Read More »
Clients Express Fears About Long Term Care Needs
Most people recognize that the rising costs of long term care will certainly impact their retirement planning abilities and their lives in older age. However, approaching long term care planning is notoriously difficult, especially when many clients are concerned or scared to discuss it to begin with. Many consumers simply need to come to… Read More »
More Seniors File for Bankruptcy Amid Limited Long-Term Care Funds
Do you have a plan for your retirement that includes long-term care? More seniors than ever are questioning whether they have enough support to live into older age, especially with the risk posed by long-term care costs. Most people know that rooms in a nursing home or at-home care can be extremely expensive, but… Read More »
Study Shows Patients Not Prepared for Long Term Care Costs
Are you assuming that you won’t need the support provided by long term care? That could be a significant mistake and one that could cost you and your loved ones for many years. A new study has shown that plenty of patients are not prepared for the out of pocket costs of long term… Read More »
Long Term Care Prices Are on The Rise
Americans keep assuming, incorrectly, that the government will cover the vast majority of their long-term care expenses, but that is not true, and research shows that long term care expenses are only increasing. The Genworth 2017 Cost of Care Survey was recently released and the President and CEO of Genworth’s U.S. Life Division indicated… Read More »
Tips for Saving on Long Term Care Insurance
If you are looking ahead to the future to protect your own assets and to cover the very expensive cost of nursing home or other necessary care when you are older, long term care insurance is an important opportunity to protect your future. The majority of Americans over age 65 will need some type… Read More »
Nursing Homes Versus In-Home Care
Geriatric facilities in general are moving away from providing long term care beds and are instead increasing the number of rehabilitative beds offered. This is largely due to financial reasons since Medicare will pay up to $600 per day for rehabilitative bed whereas Medicaid will only pay approximately $125 per day for a long-term… Read More »
Why You Need to Have a Plan in Place for Long Term Care
Since the U.S. Department of Health and Human Services shared that nearly 70% of Americans who are turning 65 will need long term care at some point, there is a good opportunity for planning ahead for your own future. The costs associated with long term care are not limited to medical care alone, as… Read More »