Caring for aging parents during COVID-19

Caring for an Aging Parent during COVID-19

Many baby boomers are now responsible for managing care for an aging parent during the COVID-19 pandemic. While you adjust your own personal life and navigate through this challenging time, there is also a lot to consider when consulting an elderly parent. Often times, they may face

Financial Planning For Long-Term Care

Long Term Care Planning Mitigates Risks in a Future Bear Market

With many clients re-evaluating asset and investment strategies due to unforeseen challenges in 2020, financial planning is now top of mind. Moreover, financial planning for Long Term Care should be considered an essential part of a retirement portfolio.  According to the US Department of Health & Human

Continuing Care Retirement Community

Long Term Care Insurance and CCRCs: How They Work Together

Long Term Care Insurance (LTCI) and a Continuing Care Retirement Community (CCRC) both appeal to the same type of people: people who want to plan for their future and don’t want to leave things to chance. LTCI and CCRCs address the likely future need for long term

Ltci Elimination Period

5 Ways to Reduce Costs During Your LTCI Elimination Period

Before you can begin collecting benefits under your long term care insurance policy, you must meet your LTCI elimination period, or waiting period. However, because you’re in need of assistance, you’ll need some long term care in the interim—and you’ll need to pay for it out-of-pocket. The

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

Hospital Observation Vs Admission

Medicare’s Hospital Observation vs. Admission Rule: The Difference Could Cost You!

While many believe Medicare covers long term care expenses, the reality is, Medicare does not. Medicare offers limited, short-term skilled nursing care coverage. Furthermore, in order to qualify, you must meet specific hospitalization requirements. Many Medicare beneficiaries are hazy on the subject of hospital observation vs. admission

best age to purchase ltci

What’s the Best Age to Purchase LTCI?

When it comes to Long Term Care Insurance, one question we are often asked is “at what age is it best to apply for LTCI?” Many clients wonder if they’re “too young” or “too old” to obtain coverage and there are two schools of thought on this.

Long Term Care Insurance Claim

Dos and Don’ts of Getting a Long Term Care Insurance Claim Approved

Because of the nature of long term care insurance (LTCI), decades may pass between the time a client’s LTCI policy is issued and the time he or she files a claim. However, once LTCI benefits are needed, chances are, they’re needed ASAP. Unfortunately, filing a LTCI claim

key facts long term care insurance

3 Key Facts to Know about Long Term Care Insurance

3 Key Facts to Know about Long Term Care Insurance While many people think they know what Long Term Care Insurance (LTCI) is, there are many misconceptions out there. Here, we tackle three key facts to gaining a clearer understanding of LTCI. Fact #1: Medicare Isn’t the

introduction to long-term care insurance

A Brief Introduction to Long Term Care Insurance

You’ve heard about Long Term Care Insurance (LTCI), but do you really know what it is, not to mention if you need it? Here’s a brief intro to Long Term Care Insurance to help you get started. LTCI reimburses policyholders a fixed daily or monthly amount when

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

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

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,

introduction to long-term care insurance

The 2-Minute Introduction to Long Term Care Insurance

The 2-Minute Introduction to Long Term Care Insurance You’ve heard about Long Term Care Insurance (LTCI), but do you really know what it is, not to mention if you need it? LTCI reimburses policyholders a fixed daily or monthly amount when they require assistance with two of

Medicare couple

Long Term Care Insurance: 7 Common Questions Answered

Long Term Care Insurance: 7 Common Questions Answered Once people start to learn about Long Term Care Insurance (LTCI), they often have questions. Here, we answer those we hear most often. What is the underwriting process for LTCI? Whether you’re considering a traditional or asset-based LTC plan,