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News and Views from LTC Connects

Reasons People Don’t Buy Long Term Care Insurance

Posted by Linda Horowitz on Jun 16, 2015 10:25:00 AM


Bob’s mother Alice*, a widow, was no longer able to live alone due to dementia. Up until six months ago, Alice had been in the home in which she had lived for 56 years. For the past three years, as her dementia had progressed, Bob hired home health aides to assist Alice with her daily needs; all paid out of her savings.

Eventually,  when it became clear that Alice would outlive her savings, she was left with two options, deplete her assets so as to qualify for Medicaid or rely on her children.



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Topics: Long Term Care Insurance Policy Design, Long Term Care and Family

How Save Money On Long Term Care Insurance

Posted by Linda Horowitz on Jun 6, 2015 1:31:00 PM


The cost of long term care continues to rise. Considering the risk, it is likely that if long term care insurance were free everyone would get a policy. The peace of mind that coverage can offer is something most would welcome. However, the price tag of some policies can make owning one out of reach for most.

But there are ways to reduce the cost of long term care insurance making it an option for more Americans. By following some guidelines when buying and designing a policy, you may be surprised by the affordability.



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

Do I Need Long Term Care Insurance?

Posted by Linda Horowitz on May 7, 2015 5:01:22 PM


We’ll be the first to tell you that long term care insurance is not right for everyone. However, a plan to address the risk of long term care is something we do encourage all our readers and clients to develop; which may or may not include buying a policy.

To determine the best way to pay for long term care if you need it, you should consider several key issues including:

  • Finances.
  • Health and age.
  • Some intangibles unique to your situation.

Once you’ve considered the above, you will be in a better position to answer the question so many of our clients ask, “do I need long term care insurance?”



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Topics: Long Term Care Planning

Cost of Long Term Care; 10 Most Expensive States in 2015

Posted by Linda Horowitz on May 3, 2015 7:14:26 PM


The cost of long term care has continued to rise leaving many Americans and their families in financial and emotional jeopardy due to their failure to prepare for the risk. In order to create your own long term care plan you will first need to answer the questions: 

  1. How much does care cost?
  2. How will you will pay if you need care?

The answer to the first question will not only depend on the type and length of care but also where you live. The cost for services varies state to state with some rates far above the national averages.

Find out if your state ranks among the top ten most expensive states for long term care.



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Topics: Long Term Care Planning

The Cost Of Long Term Care In 2015; Top 10 Least Expensive States.

Posted by Linda Horowitz on Apr 22, 2015 7:12:00 PM


As a follow-up to last week's post on the cost of care in 2015, let's look the year's ten least expensive long term care markets.

Our numbers are based on the 2015 annual study conducted by Genworth that examines the cost of long term care services nationwide including:

  • Adult day care
  • Licensed home care
  • Assisted living
  • Private room in a nursing home
Keep reading to find out if your state is included in the top ten least expensive states for long term care services.


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Topics: Long Term Care Planning, Cost of LTC

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