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...
Long-Term Care Insurance Dictionary $ Elimination Period The Elimination Period is similar to a deductible. The Elimination Period is the number of days you receive qualified care before your long-term care policy will begin to pay benefits. The shorter your...
After the healthcare reform bill (PPACA) passed in March 2010, some people mistook the CLASS Act program as some type of new entitlement. The Community Living Assistance Services and Supports Act (aka The CLASS Act) is the exact opposite of an entitlement program....
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...
A woman in California recently asked me why one long-term care policy was almost twice as expensive as some of the other policies I’d compared for her. It’s a good question and it reminded me of a story. A few years ago, I compared several long-term care...