In this September 2017 Washington Post article (link below), the writer shares the story about a Medicare pilot program after his 90 year old mother fell, and the resulting hospital and rehabilitation facility experience. The writer legitimately questions whether the hospital and rehabilitation facility fast tracked his mother who, suffering from dementia, wasn’t progressing quickly […]
Worth the read. Long term care is a ticking time bomb for Boomers. Medicare doesn’t cover it and future Medicaid budgets are iffy. I recommend considering the new life insurance “use or use it” over stand alone long term care plans. https://mobile.nytimes.com/2017/07/14/your-money/how-the-medicaid-debate-affects-long-term-care-insurance-decisions.html
My thoughts on some of the six excellent questions Elizabeth Rosenthal, author of “An American Sickness,” suggests you should ask at every doctor’s appointment to make sure your medical bills are what you expect. Question #1. How much will this cost? Your provider’s office staff will know the fee a procedure, or series of procedures are billed […]
What is Long Term Care? Almost 70% of people turning 65 will need long term care at some point in their lives. Long term care is when we need help with two or more daily activities such as bathing, dressing, eating or using the bathroom. (i) Care can be provided in a nursing home, assisted care facility or at […]
Manage a loved one’s finances and health care with knowledge and confidence. The Family Caregivers Kit is a collection of publications that help you understand your duties as an agent under a power of attorney, keep track of medications, protect your loved ones from scams, and more. PUBLICATIONS FEATURED IN THE FREE FAMILY CAREGIVERS KIT […]
Recently I was involved on a case where adult children, as part of their financial planning, explored the purchase of long term care protection on their parents. (Of course, the parents had to consent, and qualify medically.) The rationale was this: the adult children and spouses understand that 40% of women, and 37% of men, […]
Annuities, long-term care insurance or a hybrid life insurance / LTC rider are better options than trying to go-it-alone.
39% of U.S. adults care for someone with significant health issues, up from 30% in 2010.
The Living Balance Sheet – innovative thinking and advanced web technology to help you achieve financial balance. Watch the video and call me toll-free nationwide at 800-503-1972. I’ll show you how a customized financial scorecardcan help you! Link to Living Balance Sheet Sources: The personal savings habits of Americans have reached a four year low. (Oct 2011; Federal […]
When considering your plan for retirement, indexed annuities can add balance and give you some peace of mind— no matter what happens on Wall Street. To help us understand the different product features of indexed annuities IALC (*) created this helpful video that explains the ins and outs of the indexed annuity product to provide […]