One our of most popular topics on this blog is the discussion over long term care insurance company rankings. With the insistence from some our readers, we're happy to provide an updated version of our rankings. Note: The Comdex is not a rating itself, but a composite of all the ratings that a company has ...
If you follow the New Old Age blog on nytimes.com, you may have seen a recent post on nursing homes. Specifically, how stressful it can be to find a "good" nursing home. As my parents have been thinking about this issue recently, I decided to do a quick search to find out just how ...
According to the folks at Center for Long Term Care Reform, the answer to that is a resounding NO. Why? We've discussed on this blog many times why private long term care insurance plays a vital role in providing piece of mind for those who want to know that, as they grow older, they ...
We wanted to share some insight into something BIG that is hidden in much of the health care reform talk. It's the CLASS Act - Community Living Assistance Services and Supports (CLASS) Act. In short, the government would provide certain long term care services (once someone pays into the program for a certain number of ...
Forbes.com published an article on their website today, "Long-Term Care Insurance: You Have Options". Although the article paints a bright picture of long term care insurance today, it was quickly pointed out by a few readers that some of their assertions were incorrect, specifically those pertaining to "tax qualified plans". You can read the full ...
We just came across this short piece on how long term care insurance in the U.S. compares with similar programs in other developed countries. A Washington Post article recently compared the U.S. Medicaid system unfavorably to the long term care systems for the elderly and those with disabilities employed in France and the United Kingdom. ...
If you fall under one of the six types of taxpayers below and pay longterm care insurance premiums, you may be eligible for certain tax deductions.
We all love tax time! Fortunately there is some good news for owners of long term care insurance and in our next few posts we'll be publishing some very useful 2010 tax info and what, if any, long term care insurance premiums qualify for deductions. We'll be looking at the following 6 types of taxpayers ...
Tax season is upon us, which means many of us will be looking for legitimate expenses to write-off. One question that we're starting to receive more of is "Can I write off longterm care insurance costs?" We actually did a post on this back in March and will have an update for 2010 shortly. In ...
Interesting suggestion brought up by the folks at Center for Long Term Care Reform. Use reverse mortgages to pay for long term care. Good idea or creative way to go into debt? Read the full article here.