by Tonya | Jul 15, 2021 | Long Term Care Insurance, Retirement Planning
According to research by LIMRA (previously the Life Insurance Research and Marketing Association), over 43 million Americans are currently acting as unpaid caregivers for a family member. Although we’re living longer, many older Americans often need caregiving help –... by Tonya | 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.... by Tonya | 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... by Tonya | 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 –... by Tonya | 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... by Tonya | Oct 1, 2020 | Retirement Planning
Throughout the years I’ve heard some doozeys from people about why they didn’t think planning for a long-term care event applied to them. Here is a sampling of some of those classic excuses: · “I’m in good health, I’m going to live a long time...