Archive for the Newsletter Category

The US Needs To Help Seniors And Their Families Navigate Long-Term Care This is a nice summary of resources out there to help navigate long term care. Please include us as a resource. We answer questions all the time and have a strong referral network. One quarter

‘Red-hot inflation’ drives senior living asking rates to record high Senior living asking rates were driven to record highs in June compared with the previous year, as the Fed raised interest rates. Costs never come down. When this inflation calms down, senior living costs won’t decrease. All

Financial Advisors Need Info to Help With Long-Term Care Insurance Rate Hikes This is a big deal – insurance carriers no longer tell us at MAGA when our clients’ premiums will be raised. What’s more, many clients are getting offers from carriers to reduce their premiums…with reduced

Adults poorly planning for long-term care needs, surveys find Adults in the United States are not preparing for their long-term care costs and needs, according to two new industry surveys. Almost half of all long-term care insurance applications declined for those over 70 If you have clients

Long-Term Care Insurance: Higher Premiums for Shrinking Benefits Brian Gordon was quoted in this article. There’s a 70% chance you’ll need some type of long-term care, but getting the right insurance is more complex these days. Here’s some guidance. Less than 25 percent of Americans expected to

Covid’s Effect On Long-Term-Care Insurance COVID hasn’t made buying Long Term Care Insurance any easier. The takeaway – start the application process earlier and be more flexible with the policy you might end up taking. Washington state retools first-in-nation payroll tax plan for long-term care costs The

Biden Proposes Major Nursing Home Reforms, Most Extensive “In Decades” The Biden administration has announced far-reaching nursing home reforms, targeting staffing and accountability at facilities with deficient care. Advocates are calling the proposals, which include the first-ever federal minimum staffing levels, the most significant reforms in decades.

Retiree medical costs are soaring If you’re a retiree dealing with Medicare, you’ve just noticed that your increased (5.9%) Social Security benefit is being reduced substantially by rising costs for Medicare and increased drug costs. Have a client who needs a quote for Long Term Care Insurance?