Long-Term Care Insurance
Plan Now for Long-Term Care
Plan Now for Long-Term Care
You could buy insurance to finance future costs, but policies are pricey. Here’s how to decide whether you need coverage.
July 28, 2021
You Can Keep Some Assets While Qualifying for Medicaid. Here's How
You Can Keep Some Assets While Qualifying for Medicaid. Here's How
There are some tools you can use to avoid spending down all of your assets, and potentially impoverishing a spouse, while still meeting the qualificat…
May 24, 2021
Deduct Expenses for Long-Term Care on Your Tax Return
Deduct Expenses for Long-Term Care on Your Tax Return
The IRS allows some limited tax breaks on medical expenses and insurance premiums related to long-term care.
March 23, 2021
Insurance for Long-Term Care at Home
Insurance for Long-Term Care at Home
In the wake of COVID-wracked nursing homes, increasingly more people are looking at options to age in place with long-term care insurance.
September 17, 2020
Time for an Insurance Review
Time for an Insurance Review
You may need to update your policies in light of COVID-19.
July 30, 2020
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How Can a Trust Help You Avoid Nursing Home Costs?
How Can a Trust Help You Avoid Nursing Home Costs?
An asset-protection trust is one strategy to consider to help preserve your family's legacy, but it must be done thoughtfully ... and early.
April 28, 2020
The Real Reasons People Decide to Buy Long-Term Care Insurance
The Real Reasons People Decide to Buy Long-Term Care Insurance
Before you dig into costs, benefits and contingency plans, step back and look at the big picture. This decision is bigger than budgets and life-expect…
April 6, 2020
Avoid the Obstacles of Long-Term-Care Claims
Avoid the Obstacles of Long-Term-Care Claims
Filing a claim can be an ordeal, but these preventive measures will streamline the process.
October 31, 2019
Time to Get Your Head Out of the Sand about Long-Term Care
Time to Get Your Head Out of the Sand about Long-Term Care
As more Boomers are becoming caregivers themselves for their parents and loved ones, the realities of the costs and work involved are sinking in. It's…
October 8, 2019
What to Know Before Purchasing a Long-Term Care Rider
What to Know Before Purchasing a Long-Term Care Rider
Do you know the difference between a long-term care rider and chronic illness rider? Section 7702B and Section 101(g)? If you're contemplating a life …
September 27, 2019
The Costs of Caregiving Go Far Beyond the Obvious
The Costs of Caregiving Go Far Beyond the Obvious
Seeing a loved one through a long illness or disability is an expensive proposition, and that’s not just in a financial sense. To be ready for this im…
May 3, 2019
Does It Makes Sense to Buy Hybrid Long-Term Care Insurance?
Does It Makes Sense to Buy Hybrid Long-Term Care Insurance?
For well-off people in particular, this alternative to traditional policies or the option of self-insuring could be an attractive possibility.
April 30, 2019
Thinking of Paying for Long-Term Care from Your IRA? Think Again.
Thinking of Paying for Long-Term Care from Your IRA? Think Again.
Chances are a big portion of your retirement savings are in pretax accounts like a 401(k) or IRA. If you need to tap those accounts for costly care, y…
March 19, 2019
How to Afford Long-Term Care
How to Afford Long-Term Care
Your options range from conventional coverage to tapping your life insurance benefits.
January 31, 2019
Retirement Housing Options for LGBT Seniors
Retirement Housing Options for LGBT Seniors
The number of lesbian, gay, bisexual and transgender Americans age 65 and older is projected to reach seven million by 2030.
January 7, 2019
Something BIG Could Be Missing from Your Retirement Plan
Something BIG Could Be Missing from Your Retirement Plan
About 70% of people who reach age 65 could potentially need long-term care at some point in their lives, and it can easily cost $100,000 a year. You n…
October 24, 2018
Caring for Your Aging Parents: How to Prepare
Caring for Your Aging Parents: How to Prepare
The time to get ready is well before the time comes. Here's how to approach some important talks and what you need to cover.
September 21, 2018
How Couples Can Share Long-Term-Care Benefits
How Couples Can Share Long-Term-Care Benefits
Spouses can choose a long-term-care policy with “shared” coverage, giving them a pool of benefits that they can split.
June 15, 2018
The Long-Term-Care Insurance Dilemma
The Long-Term-Care Insurance Dilemma
Premiums keep rising, but you may need a policy more than ever.
April 4, 2018
The Ins and Outs of Buying Long-Term Care Insurance
The Ins and Outs of Buying Long-Term Care Insurance
Think about this coverage not just as insurance for long-term care, but for your retirement nest egg itself. With that in mind, here are some tips.
March 9, 2018
Using a Health Savings Account to Pay for Long-Term-Care Insurance
Using a Health Savings Account to Pay for Long-Term-Care Insurance
You can tap an HSA to pay for long-term-care insurance, but the amount you can withdraw tax-free depends on your age.
March 7, 2018
6 Options to Fund Long-Term Care in Retirement
6 Options to Fund Long-Term Care in Retirement
It's not fun to think about, but if you boil down your choices a bit, making a plan for what could easily cost several thousand per month becomes less…
February 28, 2018
Long-Term Care Insurers Steering Through Tough Times
Long-Term Care Insurers Steering Through Tough Times
As the future of LTC insurance grows uncertain, make sure you check up on the stability of your insurer.
June 14, 2017
When Long-Term-Care Policies Kick In
When Long-Term-Care Policies Kick In
Most policies pay when you need help with two of six activities of daily living or you are cognitively impaired. And most have a waiting period of 60 …
June 12, 2017
Don’t Let Long-Term Care Costs Devastate Your Retirement
Don’t Let Long-Term Care Costs Devastate Your Retirement
Can you afford $8,000 per month for care? Chances are, you'll need it at some point. Some solutions to that pricey problem include long-term care insu…
May 8, 2017