Archive

Archive for July, 2008

LTCI Q&A in New York Times

July 20th, 2008
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There was an interesting Q&A in the New York Times yesterday. Readers’ questions about Long Term Care Insurance (LTCI) were submitted and answered by Vincent J. Russo, an attorney specializing in financial issues and the elderly, including Medicare and Medicaid reimbursement. A follow up Q&A will be published next week.

Mr. Russo covers issues ranging from whether high net-worth individuals should purchase LTCI, maximum benefits to purchase, and supplementing federal government plans.

While the information is interesting, and education on the subject will help you make an informed decision, the bottom line is if at the end of the day, with a good understanding of the risks and benefits, you decide that owning an LTCI policy gives you peace of mind it is probably a good idea that you should have it. For more resources please visit the Consumer Library in our Resource Center.

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Helpful Tool for Caregivers

July 13th, 2008
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I ran across an interesting website, Tender Tidings Seniors, that offers a way of integrating technology with the difficulties so many baby boomers face as their parents age, the feelings of concern when leaving their elderly parents alone in the home.

Tender Tidings Seniors is a service that offers the ability to check in on elderly family members via streaming video. As described on the site, the service provides peace of mind since “no matter where you are, at the click of a mouse you can check on your mother, father, grandmother, grandfather, or elderly friend. If need be, you can take action. Otherwise, you can get back to work knowing your loved ones are safe and secure. Now, seniors can live alone without actually having to be alone.”

The toll of aging loved ones is an emotional one and this service could offer some level of comfort when you cannot be there physically for that loved one. For additional caregiver resources please visit LTC Connects’ Resource Center to learn more about long term care

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