May 6, 2021 | Long Term Care Insurance, Retirement Planning
It’s said that the biggest predictor of whether or not someone obtains long term care coverage is if they have had a personal experience. They’ve seen a need for extended care….one that lasted weeks, months, or even years, most commonly with their own parents....
Mar 18, 2021 | Long Term Care Insurance, Retirement Planning
Many people are aware that expenses for long term care services can be paid by a HSA – a health savings account established in conjunction with a high deductible medical plan. Fewer people know that long term care insurance premiums are also considered a...
Jan 14, 2021 | Retirement Planning, Long Term Care Costs, Long Term Care Insurance
The question of whether or not to self-insure for long term care costs is a popular one. The answer is deceptively simple: Someone can self-insure the cost of long-term care if they have enough unearned income – and/or assets they can sell and are willing to sell –...
Dec 30, 2020 | Long Term Care Insurance, Retirement Planning
There aren’t many of us that would ignore the need for health insurance – whether or not there was a government mandate in place. The reason is simple. We know that anything can happen at any time. Even if it makes sense to self-insure minor costs, we know that it...
Oct 1, 2020 | Long Term Care Insurance
One of the reasons that many people dislike insurance is the perception that premiums disappear into thin air – and are almost never seen again in the form of a benefit to the consumer. Imagine if there were an insurance product that took care of this problem. In the...
Oct 1, 2020 | Long Term Care Insurance
From a financial point of view, the best time to buy a long-term care insurance policy is the same as the best time to buy any insurance: right before you need it! That’s the beauty of insurance. It immediately creates a pile of money that is immediately available to...
