We all know we have to plan and save for retirement. But what about when we can no longer care for ourselves? Planning for long-term health care can be tricky, but it needs to be done early to ensure we have the best options for care.Donna Fuscaldo...
The majority of people who apply for long term care insurance receive a Standard health rating. If you are given a clean bill of health, you may qualify to receive the best possible rates, which are sometimes referred to as preferred health rates, although the name may vary by carrier. The...
“Long-Term Care will cost anywhere from $44,000 to $96,000 a year depending on the type of care you require but you need a plan to pay for that.” Jean Chatzky, Financial Editor for NBC’s “Today Show” In the few years since the show aired, the costs of long-term health care...
Long-term care offers more flexible options for older adults who are reasonably healthy and capable, yet need some assistance to maintain a good quality of life. Long-term care supplements quality of life by providing support for activities of daily living like grooming, getting dressed, or...
Are you or a loved one wondering how to apply forlong-term disability? Understanding the process thoroughly is crucial to ensure you have the best chance of receiving the support you deserve. This post explains the application process and offers expert tips to help you navigate it confidently. ...
It’s not necessary to wait for clients to bring up the topic of long-term-care planning on their own. Though broaching the subject presents a challenge, it can be beneficial for financial advisers. “I think people are always worried about uncomfortable conversations, but think about how m...
You also might face waiting periods for coverage of certain conditions or treatments. These typically last anywhere from six months to two years, depending on this issue. The bottom line If you want an affordable long-term care insurance policy, the best option is to apply early— at a you...
might help the machieve some short-term wins by over helping -- like they get a better grade if we help them do their homework, they might end up with a longer childhood résumé when we help -- what I'm saying is that all of this comes at a long-term cost to their sense of ...
As populations age, most industrialized nations are seeking to review the structure for their long term care programs with the goal of allocating better limited public resources to meet expanding needs. In this Commentary, I examine critical questions that define the way individual nations provide ...
But just over 7.5 million people have a policy, according to the American Association for Long-Term Care Insurance.23 In addition, it’s a product most people need to buy on their own rather than through an employer, meaning there’s no one to subsidize the cost or pick out a good ...