The Internal Revenue Service (IRS) is increasing the amount taxpayers can deduct from their 2017 taxes as a result of buying long-term care insurance. Premiums for “qualified” long-term care insurance policies (see explanation below) are tax deductible to the extent that they, along with other
As we get older, our focus changes from acquiring to retaining our quality of life and assets. There are many things to consider and understand when you decide the time is right to get your estate in order, and it is always better to start
With millions of Baby Boomers reaching retirement age, many Americans are recognizing the importance of long-term care. The need for such care can be unpredictable because the effects of aging and diseases like Alzheimer’s and Parkinson’s can strike with little warning. LTC insurance allows individuals
Our population has a higher life expectancy than ever before. With a longer life, though, comes an onset of age-related illnesses that could force otherwise independent senior citizens to seek assistance in the form of moving in with loved ones, using home-health aides, entering assisted
New research concludes that while the existence of the Medicaid program is discouraging the purchase of long-term care insurance, tightening up current Medicaid rules will not significantly increase purchases of private insurance. Currently, only about 10 percent of the elderly have private long-term care insurance.
Most Americans are unaware of the costs of long-term care and overestimate the amount that government programs like Medicare will pay for this care, according to a new research report by AARP. While 60 percent of those surveyed claimed to be "somewhat familiar" with the
Introduction Medicaid has long served as financial aid for seniors struggling to meet long-term care needs while trying to stay financially afloat. With health care costs on the rise the Medicaid program has itself been challenged to continue providing seniors the health care coverage they
The Department of Veterans Affairs provides three types of long term care benefits for veterans. The first type is benefits provided to veterans who have service-connected disabilities. These medically necessary services include home care, hospice, respite care, assisted living, domiciliary care, geriatric assessments and nursing
When it was first created in 1965, Medicaid would only pay for nursing home care for recipients over the age of 65. But allowances were made in the legislation for exceptions or "waivers" to the nursing home coverage. In recent years, many states have applied
Soon residents in many states will be able to purchase special long-term care insurance policies that allow them to qualify for Medicaid even if their assets exceed the prescribed limits. In an effort to encourage people to purchase long-term care insurance, the Deficit Reduction Act
The Internal Revenue Service (IRS) is increasing the amount taxpayers can deduct from their 2017 taxes as a result of buying long-term care insurance. Premiums for “qualified” long-term care insurance policies (see explanation below) are tax deductible to the extent that they, along with other
As we get older, our focus changes from acquiring to retaining our quality of life and assets. There are many things to consider and understand when you decide the time is right to get your estate in order, and it is always better to start
With millions of Baby Boomers reaching retirement age, many Americans are recognizing the importance of long-term care. The need for such care can be unpredictable because the effects of aging and diseases like Alzheimer’s and Parkinson’s can strike with little warning. LTC insurance allows individuals
Our population has a higher life expectancy than ever before. With a longer life, though, comes an onset of age-related illnesses that could force otherwise independent senior citizens to seek assistance in the form of moving in with loved ones, using home-health aides, entering assisted
New research concludes that while the existence of the Medicaid program is discouraging the purchase of long-term care insurance, tightening up current Medicaid rules will not significantly increase purchases of private insurance. Currently, only about 10 percent of the elderly have private long-term care insurance.
Most Americans are unaware of the costs of long-term care and overestimate the amount that government programs like Medicare will pay for this care, according to a new research report by AARP. While 60 percent of those surveyed claimed to be "somewhat familiar" with the
Introduction Medicaid has long served as financial aid for seniors struggling to meet long-term care needs while trying to stay financially afloat. With health care costs on the rise the Medicaid program has itself been challenged to continue providing seniors the health care coverage they
The Department of Veterans Affairs provides three types of long term care benefits for veterans. The first type is benefits provided to veterans who have service-connected disabilities. These medically necessary services include home care, hospice, respite care, assisted living, domiciliary care, geriatric assessments and nursing
When it was first created in 1965, Medicaid would only pay for nursing home care for recipients over the age of 65. But allowances were made in the legislation for exceptions or "waivers" to the nursing home coverage. In recent years, many states have applied
Soon residents in many states will be able to purchase special long-term care insurance policies that allow them to qualify for Medicaid even if their assets exceed the prescribed limits. In an effort to encourage people to purchase long-term care insurance, the Deficit Reduction Act
