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 ...
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.
A recent article in the Seattle Times is raising some eyebrows regarding Washington State's adult family homes. The piece, "How the aged and frail are exploited in Washington's adult family homes" provides a detailed (and some would argue biased) glimpse into what is considered "...nationally as a leader in community care options for seniors." You can ...
The crystal ball says...a public long term care insurance program may, or may not, be successfully implemented in the coming years. What are your thoughts? The folks over at the Center for Long Term Care reform seem to have their own predictions: No broad-based health reform will come to pass, much less reform that includes long-term ...
One of our most popular blog posts, rating long term care insurance companies using the Comdex ratings, generates many questions. Most recently, one came in regarding the rating of Lincoln National Corporation and thought we should share some info with our readers: Lincoln National Corporation is one of the largest financial services companies in ...