November 2015
November is Long-Term Care Awareness Month. To mark the occasion, here are 10 interesting facts about long term care insurance. # 10 – 67.4 percent of all new claims started after the policyholder reached age 80. If you live a long life, you’re likely going to need long term care and be very glad you […]
October 2015
To encourage Americans to take more personal responsibility for covering their long-term care costs, federal lawmakers have helped design state partnership programs. These partnership programs are now available in the majority of states. To receive Medicaid assistance under normal standards, applicants must first spend down all of their assets to $3,000 or less. However, with […]
October 2015
In 1997, the federal government began offering tax incentives to reward people for buying long-term care insurance, including tax-qualified policies. Congress created tax-qualified policies to encourage consumers and insurance companies to embrace long-term care insurance. Under a tax-qualified policy, insurance premiums qualify as itemized deductions on federal tax returns. Additionally, benefits from a qualified policy […]
October 2015
It is a common misconception that Medicare and health insurance will provide long-term care coverage when it becomes a necessity. Individuals also believe that Medicaid will cover all of their long-term care needs. In reality, it is quite the opposite. It surprises many when they learn that Medicare and most health insurance plans do not […]
September 2015
A compound that may slow progression of Alzheimer’s disease could have major effects on the LTCI industry Researchers from the Memory Disorders Program at Georgetown University Medical Center were excited to discover that a highly concentrated form of a compound could slow the progression of Alzheimer’s disease. The compound, resveratrol, can be found in red […]
