California Long-Term Care Tax Is California considering a long-term care tax? Maybe one day soon. What is the California long-term care tax? Assembly Bill 567 established the Long Term Care Insurance Task Force, simply known as “Task Force,” to assess the...
I was reading an online “newspaper” the other day. There was an article about long term care insurance and the importance of planning for the financial consequences of needing long term care. I like to read the comments at the end of articles. I often find the...
What is long-term care? Long-term care includes a variety of services that may be both medically and/or non-medically necessary for people with a chronic illness or disability. Health and personal needs are met through long-term care. Generally speaking, long-term...
If you could design “perfect” long-term care policy for yourself, what would it look like? I recently asked someone this question and she said: “It should have premiums that are guaranteed to never go up. It should be able to return most, if not...
Part 8: New York Times article on long-term care insurance – Long-term care insurance is risky New York Times article on long-term care insurance – Long-term care insurance is risky The New York Times article on long-term care insurance: Long-term...
Part 7: New York Times article on long-term care insurance – “Yugo is proof the auto industry is in decline!” New York Times article on long-term care insurance – “Yugo is proof the auto industry is in decline!” The New York...
Part 6: What the New York Times article on long-term care insurance got VERY wrong! What the New York Times article on long-term care insurance got VERY wrong! The New York Times article on long-term care insurance states that a Florida man bought a policy...
Part 5: Four things the New York Times article on long-term care insurance got right Four things the New York Times article on long-term care insurance got right New York Times: “Many experts believe it’s untenable to expect that a private insurance market can...
Part 4: “Savvy Consumers? More half-truths in the New York Times article on long-term care insurance Savvy Consumers? More half-truths in the New York Times article on long-term care insurance After decrying that a 91-year old’s policy will not pay for home...
Part 3: “Half-right”: Two things the New York Times article on long-term care insurance almost got right. “Half-right”: Two things the New York Times article on long-term care insurance almost got right Half-truth #1 The New York Times article on long-term care...
Part 2: Three Things the New York Times Long-Term Care Insurance Article Omitted Three Things the New York Times Long-Term Care Insurance Article Omitted Long-term care insurance policies sold before 1993 were TERRIBLE! Newer LTCi policies have different pricing rules...
New York Times Article About Long-Term Care Insurance: Part 1 Every few years, there’s a New York Times article about long-term care insurance. Most New York Times articles about long-term care insurance have had a negative bent. For example, in 2015 the New York...
Is there a California long-term care tax? I recently spoke with a woman in California who wants her husband to buy long-term care insurance. I asked, “What prompted you to look into long-term care insurance.” She replied, “The California Long-Term Care Tax”. I...
What is California AB567 What is the California AB567? Assembly Bill 567 established the Long Term Care Insurance Task Force, simply known as “Task Force,” to assess the implementation and feasibility of a culturally adequate statewide insurance care program. This...