News and Views from LTC Connects

Updated! Rating The Best Long Term Care Insurance Companies

Posted by Linda Horowitz on Aug 19, 2014 9:07:00 AM


We are often asked what the best long term care insurance companies are. When choosing the long term care insurance companies we recommend we take several factors into consideration including:

  • Ratings
  • Underwriting
  • Claims performance
  • Years selling long term care insurance (LTCI)

We’ve discussed these factors in previous posts (see here, here, and here). Today, we will look at the most-current ratings (as of August 2014) of the insurance companies we recommend.



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Topics: Long Term Care Insurance

Planning For Your Parents' Long Term Care; Challenges And Solutions

Posted by Linda Horowitz on Aug 16, 2014 9:54:01 AM

Assisting a loved one in need of long term care (LTC) and the complicating issue of having to seek guardianship of an elderly loved one is discussed in this edition of NPR’s Tell Me More.

Contributors share their own experiences and illustrate the importance of: 

The bottom line, planning for your parents' long term care can help lessen the financial and emotional stress that comes with helping a loved one in need of LTC.

Today, listen to the entire discussion.



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Topics: Long Term Care Planning, Long Term Care and Family

Top 5 Reasons To Plan For Long Term Care

Posted by Linda Horowitz on Aug 12, 2014 8:53:30 AM


The numbers are daunting with almost 3 in 4 people age 65 and older predicted to need long term care at some point in their lives.

Couple that statistic with the average annual cost of a private room in a nursing home being $87,600, and the need to plan for long term care (LTC) becomes apparent.

Today, let’s look at the top 5 reasons to plan for LTC.



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Topics: Long Term Care Insurance, Long Term Care Planning

The Risk Of Long Term Care; And Factors That Increase The Odds

Posted by Linda Horowitz on Jul 31, 2014 11:42:47 AM


Do you know the risk of long term care?

If you are like most Americans, the answer to that question is "no." 

Knowing the risk is key to appropriately plan for long term care (LTC). And, by learning the specific risk factors that increase your odds of needing care, you can, in some instances, make lifestyle changes to decrease or postpone the need for LTC.

So, today, let's look at:

  • The statistics on who needs care.  
  • The risk factors that increase your chances of needing care.



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Topics: Long Term Care Planning, Long Term Care Insurance Policy Design

The Financial Argument For Aging In Place

Posted by Linda Horowitz on Jul 29, 2014 9:47:11 AM


An important opinion piece for the “Aging in Place” movement appeared on the National Journal online last week.

In the article, Dr. Michael Flemming, the former president of the American Academy of Family Physicians and chief medical officer at Amedisys Home Health and Hospice, addresses the issue of institutional versus home care (also known as aging in place) from a quality and financial perspective.

The argument is made that our focus needs to turn away from hospitalization and nursing homes, toward keeping our seniors in their own homes and communities for as long as possible.

 



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Topics: Long Term Care, Aging in Place

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