long term care insurance options

Understanding Long-Term Care Insurance: A Vital Investment for the Future

In today’s world, where life expectancy is increasing and healthcare costs are rising, planning for long-term care is a critical aspect of financial well-being. Long-term care insurance is a specialized policy designed to provide coverage for extended care services, offering individuals peace of mind and protection against the potentially overwhelming costs associated with chronic illnesses, …

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Tips for Long-Term Care Insurance Planning

Unlike traditional health insurance, long-term care insurance is designed to cover long-term services and supports, including personal and custodial care in a variety of settings such as your home, a community organization, or other facility. Long-term care insurance policies reimburse policyholders a daily amount (up to a pre-selected limit) for services to assist them with …

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Unsure about Long Term Care Insurance?

According to Medicare, at least 70% of people over 65 will need long-term care services at some point.  Long-term care includes medical and non-medical care for people who have a chronic illness or disability.  Non-medical care includes non-skilled personal care assistance, like help with everyday activities, including dressing, bathing, and using the bathroom. Check out …

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Can you be forced to pay Mom or Dad’s Nursing Home Bill?

  This may not be as unlikely as you think!  A recent article in Forbes highlighted this issue.  To view the entire article goes to: http://www.forbes.com/sites/northwesternmutual/2014/02/03/who-will-pay-for-moms-or-dads-nursing-home-bill-filial-support-laws-and-long-term-care/. One of the byproducts of new medical technology is longer life expectancies.   In the past a stroke, heart attack or cancer may have killed us.  Now with new medical …

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