Updated: 5 Reasons why a 90-day Elimination Period usually makes the most sense: 1. Most medical insurance policies can pay up to the first 100 days in a skilled nursing facility. If you need rehabilitative care (e.g. physical therapy, speech therapy, etc…)...
How much does long-term care insurance cost? Long-term care insurance is very flexible. Every long-term care policy gives you many choices for your benefits. You choose your: Daily Benefit, Inflation Benefit, Policy Limit, and Elimination Period. The richer the...
Mark Clements, an elder law attorney in Lakeland, Florida, has been practicing elder law for over 30 years. Here are his thoughts on long-term care insurance: “Having practiced Elder Law for more than thirty years, it becomes more and more apparent to me that...
A healthy, married couple can usually get better benefits by purchasing a long-term care policy on their own, rather than buying a group long-term care policy through their employer. Individually-purchased long-term care policies usually offer: Preferred health...
A very well-written article was printed in the Times Union paper (and on their website) this past Sunday. The writer interviewed some financial planners and elder law attorneys who specialize in estate planning and Medicaid planning. They answer many of the more...