Long-term care insurance (LTCI) is more than a tax-free stream of income to help pay for care costs. You also get access to professionals – case managers, care coordinators, and claims specialists. Some insurance companies even have a concierge service…
Your health and age are the biggest factors in determining if you qualify for long-term care insurance (LTCI). Compromised health is a reason many people don’t qualify, but other important factors are that they are applying at the wrong time…
Planning ahead for long-term care is important, but it’s especially crucial for women. 5 reasons why planning for long-term care is important for women:
If you’re a business owner, there are valuable tax deductions and advantages associated with long-term care insurance for you and your spouse. Self-Employed Business Owners Premiums for tax-qualified long-term care insurance are deductible as well as other individual medical expenses.…
Do You have a Health Savings Account? Did you know you can use it to pay long-term care insurance premiums? An HSA is a valuable tool tied to a high deductible health insurance plan that can help pay for qualified…
Your loved one needs an increased level of care either due to a physical or cognitive impairment AND they have a long-term care insurance policy. How do you file a claim? First, locate the policy or any records of premium…
Washington State passed a new law mandating public long-term care (LTC) benefits for Washington residents. It’s the first public program in the U.S. that will be funded by employee wages (payroll deduction). The WA Long-Term Care Trust Act was created…
Your aging or ill loved one is requiring an increased level of care either at home or in a facility. You suspect they have a long-term care insurance policy, but now what? First, start by looking for their policy or…
A long-term care insurance policy generally pays for services (up to your policy limit) to help you with activities of daily living or if you have a cognitive impairment. These services typically include home health care, adult day care, assisted…
If you’re planning ahead and buying insurance for a potential long-term care situation, an important thing to consider is if you want a family member or friend to provide care for you. In making this decision, you need to know…