Monthly archive for August 2016

Understanding Medicare’s Long Term Care Benefit

A surprising number of seniors still believe that Medicare will cover all their long term care expenses, according to a study by AARP. But here’s the reality: Medicare offers limited-time long term care coverage that applies only to skilled nursing care. Long term care insurance (LTCI), on the

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More Long Term Care Providers Are Footing Kids with Their Parents’ Bills

A rising number of nursing homes are pursuing the adult children of patients for their parents’ unpaid bills. It’s called filial support litigation, and it’s a growing trend among long term care providers. Thanks to something called filial responsibility laws, the providers often prevail. More than half

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What to Do When Your Loved One (or Client) Has an LTCI Claim

Anyone who has filed insurance claims before—whether for home, auto, or health coverage—knows that the process doesn’t always unfold smoothly. So if you are helping someone who has, or may have, a long term care insurance (LTCI) claim, the first thing to do is contact his or

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OneAmerica’s Asset-Care Life/LTCI Plan: 4 Unique Features

Where there are a number of quality life/LTCI plans out there, one that we have been recommending frequently lately is OneAmerica’s Asset-Care product, because it offers unprecedented flexibility in a number of areas. How it works: in return for the premium (typically drawn from an existing asset,

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Long-term care planning

Long term care planning is a critical
element of every comprehensive financial plan. Long term care events are a reality of life, and Long Term Care Planning exists to help families preserve their assets, standard of living and independence, while allowing the members of the family to make important choices for the financial, physical and emotional well being of loved ones.

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2610 Lake Cook Road
Suite 250
Riverwoods, IL 60015
maga@magaltc.com
(800) 533-6242
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