A good chunk of the US population likes to spend their retirement years enjoying the beautiful weather of Florida. What this means is, a large portion of that same population will most likely need some type of long-term care should they stay (and who wouldn’t!) So if you too decide to head south for the good life, maybe it’s worth considering what Florida long term care insurance costs are.

Consider this: according to a survey conducted by CareScout in April 2008, the average monthly cost of long term care in a Florida nursing home is $202.28 daily, or over $73,000.00 annually. Makes that retirement sound not so big, doesn’t it? Home health care can be comparable in cost (and sometimes can exceed it). Assuming a 5% rate of inflation in long-term-care costs, these numbers will triple over the next 20 years.

The good news is, Florida is one of a handful of states that currently offers its resident’s access to “Partnership Policies”. These long term care insurance policies offer significant advantages, and cost savings, to their plan holders. Click this link to read more about Partnership Policies.

To receive a free Florida long term care insurance quote, click the map below…and then send us a postcard when you arrive!

Related posts:

1. Top 5 Factors That Influence Long-Term Care Insurance Costs
2. Don’t Go Into Debt Because of Long-Term Care Costs – Video 3
3. What Google Images Thinks of Long Term Care Insurance

• Long-Term Care Coverage Headed for Change in California – California Healthline
• An Opinion on Long Term Care Insurance – Calgary Herald
• New: a hybrid annuity with LTC coverage - bankrate.com
• Putting together the pieces of the retirement puzzle - philly.com
• Long-term care costs cheapest at home – US News

Related posts:

1. Top 5 Long-Term Care Stories Today
2. What Are Florida Long-term Care Insurance Costs?
3. Employee-Sponsored Long-Term Care Insurance – Do You Offer It?

Seven in ten people who live to age 65 will need some long-term care services at some point in their lives.

Click HERE (opens in PDF) to start reading this recently published guide by Kiplinger on everything you need to know about long term care and long term care insurance. Topics include:

• what long term care costs are in your state
• who pays for long term care (from Medicaid to your family)
• how to, if you choose to do so, create the best long term care insurance policy that meets your needs.
• what does long term care insurance cost
• help from employers


And more. It’s a great read for anyone who wants to know more about long term care and how it can/will impact them later in life.



Click below to open the PDF


Related posts:

1. Long Term Care Over the Holidays
2. Managing the Cost of Long Term Care
3. The True Cost of Long Term Care
]]> http://www.ltcconnects.com/blog/2009/10/free-long-term-care-guide/feed/ 1 http://www.ltcconnects.com/blog/2009/08/twitter-long-term-care-insurance/ http://www.ltcconnects.com/blog/2009/08/twitter-long-term-care-insurance/#comments Fri, 14 Aug 2009 18:35:59 +0000 Ian http://www.ltcconnects.com/blog/?p=94
• Recent Twitter Topic: Does LTCI cover Nursing Home Insurance?
• Insurance For Long Term Care & Medicare Medicaid Services, Part II
• 5 Common Questions About Long Term Care Insurance
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Believe it or not, there is a lot of good information being shared on Twitter about long term care, seniors, aging and more. Due to the 140 character limit, you’re more likely to uncover some good links to interesting articles than a conversation or debate on a particular subject. Today we found an article published by the Martha’s Vineyard Times newspaper discussing baby boomers and why long term care insurance is a viable option.  You can read the entire article here

According to U.S government data, this year 9 million American men and women over the age of 65 will need long-term care. By 2020, 12 million older Americans will need long-term care. And, Medicare only pays for “medically necessary” skilled nursing found in a facility (a nursing home, for example) or hired to provide home health care. Medicare does not pay for custodial care (the activities of daily living with which someone may need assistance).

We’ve discussed medicare medicaid services in past posts and what they cover. Understanding how these services work, and what they DON’T cover is very important. People will be surprised. Parts of the article debate whether long term care insurance is necessary

Windemere Nursing & Rehabilitation Center has an 81- bed capacity and provides care for patients even after public and private insurance options have expired. Bob Roy, the facility’s designated spokesperson, says of LTC, “I rarely see people use it. I do not see the incentive for people to get it. If you have a lot of money you can pay for your care yourself privately. If you do not have a lot of money you end up on Mass Health (Medicaid) and the State pays for it.”

Again, this is where it’s very important to understand how your government care programs work. Massachusetts is different, as we know. Furthermore, it really is up to you whether or not you plan on spending all of  your hard earned money on health care costs or having the option to pass some of this on to siblings for instance. LTC insurance isn’t for anyone, but it’s worth looking into even if you have a healthy bank account.

LTC insurance policies are costly but less so if you are younger when you make the purchase. If purchased in one”s 50s, a New York Life policy, for example, would carry an estimated monthly premium of $200 or $2,400 a year (paying out $250 a day for services). If you were to wait until you were in your 70s to purchase such a policy the annual premium would be about $13,000.

If you subscribe to our long term care insurance blog, than you know how many times we’ve brought this up. Purchase a LTCI plan earlier in life and you will save LOTS of money in the long run.

It’s important to keep in mind this article discusses many state-specific issues with long-term care. If you’re looking into LTCI, speak to someone who has the experience working with clients around the country, because policies will vary and it’s very important to know this.

Related posts:

1. Recent Twitter Topic: Does LTCI cover Nursing Home Insurance?
2. Insurance For Long Term Care & Medicare Medicaid Services, Part II
3. 5 Common Questions About Long Term Care Insurance
]]> http://www.ltcconnects.com/blog/2009/08/twitter-long-term-care-insurance/feed/ 2 http://www.ltcconnects.com/blog/2009/03/pbs-special-living-old/ http://www.ltcconnects.com/blog/2009/03/pbs-special-living-old/#comments Sun, 15 Mar 2009 18:38:55 +0000 Curt http://www.ltcconnects.com/blog/?p=45
• Should Everyone Consider Nursing Home Insurance?
• Which State Offers The Best Assisted Facility Living?
• Will Assisted Living Insurance Cover Our Nursing Home Cost?
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We just received an email announcing a rebroadcast of a PBS special on aging, “Living Old,” that we wanted to pass on. This looks like a worthwhile program that explores the issues of what is described as “the first-ever mass geriatric society,” and what that means both socially and economically.

This Week: “Living Old” (60 minutes),

March 17th at 9pm on PBS (Check local listings)

—-

This week, as President Obama attempts to move forward with major health care reform, and increasing numbers of Americans struggle to provide for their aging relatives in a down economy, FRONTLINE is rebroadcasting “Living Old” — a poignant exploration into the lives of the elderly. For the first time in our history, “the old old” — those over 85 — are now the fastest growing segment of the U.S. population. 

 

“We’re on the threshold of the first-ever mass geriatric society,” warns Dr. Leon Kass,  the former chairman of the President’s Council on Bioethics. “The bad news is that the price that many people are going to be paying for [an] extra decade of healthy longevity is up to another decade of anything but healthy longevity. … We’ve not yet begun to face up to what this means in human terms.”

 

Reckoning with the staggering impact of prolonged life is exactly what producers Miri Navasky and Karen O’Connor attempt in this film: Through an intimate examination of the modern realities of aging — from the perspectives of the elderly, their families, and the doctors and nurses caring for them — they paint a picture of a world that will ultimately touch us all. 

 

We hope you’ll join us for the broadcast Tuesday night. In the meantime, visit our Web site to sample the full program streamed online, read the press reaction, and also sample some of the hundreds of letters we’ve received about this film.  http://www.pbs.org/wgbh/pages/frontline/livingold/

Related posts:

1. Should Everyone Consider Nursing Home Insurance?
2. Which State Offers The Best Assisted Facility Living?
3. Will Assisted Living Insurance Cover Our Nursing Home Cost?
]]> http://www.ltcconnects.com/blog/2009/03/pbs-special-living-old/feed/ 0 http://www.ltcconnects.com/blog/2009/02/5-of-the-most-useful-baby-boomer-websites-for-long-term-care/ http://www.ltcconnects.com/blog/2009/02/5-of-the-most-useful-baby-boomer-websites-for-long-term-care/#comments Wed, 11 Feb 2009 22:35:40 +0000 Ian http://www.ltcconnects.com/blog/?p=36
• The Baby Boomers Websites Are Growing Up
• Top Long Term Care Insurance Sites
• Long Term Care Over the Holidays
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Last week we wrote a quick post on the baby boomers and a growing network of baby boomer websites that discuss, among other topics, long term care and other lifestyle issues. We scoured the Internet looking for other high-quality websites to share. Below is a list of websites that are both helpful for gathering information on topics such as long term care insurance, as well as other health care topics.

Our List of Baby Boomer Websites:

1. http://www.aginghipsters.com
2. http://www.silverplanet.com
3. http://www.eons.com/
4. http://www.tbd.com
5. http://www.aarp.org/onlinecommunity/

Other interesting baby-boomer websites to consider:

• http://www.internetseniorsuccess.com/seniorsites.htm#Finance-and-Investment
• http://www.boomer411.com
• http://www.boomj.com
• http://www.rl.tv

Related posts:

1. The Baby Boomers Websites Are Growing Up
2. Top Long Term Care Insurance Sites
3. Long Term Care Over the Holidays
]]> http://www.ltcconnects.com/blog/2009/02/5-of-the-most-useful-baby-boomer-websites-for-long-term-care/feed/ 0 http://www.ltcconnects.com/blog/2009/02/the-baby-boomers-websites/ http://www.ltcconnects.com/blog/2009/02/the-baby-boomers-websites/#comments Thu, 05 Feb 2009 20:07:58 +0000 Ian http://www.ltcconnects.com/blog/?p=35
• 5 Of The Most Useful Baby Boomer Websites For Long Term Care
• Top Twitter Topic: Baby Boomers + Long Term Care Insurance
• Long Term Care Insurance & Social Media
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Myspace, Facebook, Twitter…Social Media…Web 2.0. What does any of it have to do with long term care? Surprisingly, quite a bit. As more adults over the age of 55 familiarize themselves, and become more comfortable with, computers and the internet, they too are realizing the opportunities to network with others, research long term health care issues, or simply socialize, are hard to ignore. Baby boomer websites are beginning to catch on and grow in popularity. As we posted last week, we’ve seen the same thing happening in the long term care insurance industry. Discussions revolving around everything from health care costs, caregiving, lifestyle and entertainment are available on the web. We’ll publish a list here shortly of the best baby boomer websites, but for now here is one to check out. – http://www.silverplanet.com/. Make sure to browse their caregiving section. Some good stories.

Related posts:

1. 5 Of The Most Useful Baby Boomer Websites For Long Term Care
2. Top Twitter Topic: Baby Boomers + Long Term Care Insurance
3. Long Term Care Insurance & Social Media
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