Don’t Believe All The Negative Headlines

long-term care insurance

Long-Term Care Facts Column: article originally published by the Redlands Daily Facts August 29, 2013: How sick is the long-term care insurance industry? The headlines are bleak: “What’s killing the long-term care insurance industry?” “Costs of Long-Term Care Rise While Payment Options Narrow” Contrary to what is often published on the internet, long-term care insurance premiums are very stable.  According to the Continue reading

Long-term-care insurance helps protect families

Long-Term Care Facts Column: article originally published by the Redlands Daily Facts August 8, 2013: Long-term-care insurance is an emotional subject. I mean, really, who wants to talk about the possibility of needing help with bathing, dressing and toileting? “It could never happen to me!” When starting a discussion with a loved one, it is fairly normal for there to be denial. Continue reading

Three Big Problems With Long-Term-Care Insurance

Long-Term Care Facts Column: article originally published by the Redlands Daily Facts July 24, 2013: There are three issues concerning people who are considering long-term care insurance: The underwriting and approval process can be long and difficult Claims may not be paid in the future when care is needed, and Premiums might skyrocket forcing you to drop the policy. In the years Continue reading

Busting Myths About Long-Term Care Insurance

Long-Term Care Facts Column: article originally published by the Redlands Daily Facts June 13, 2013: Myth #1  Most long-term care insurance claims are for nursing home care When the long-term care insurance began in the mid-1960’s, most policies only covered the cost of nursing homes.  It wasn’t until the early 1990’s that insurers began including riders that covered home health care.  Now, Continue reading

What are the first steps in finding the right long-term-care insurance?

Long-Term Care Facts Column: article originally published by the Redlands Daily Facts May 22, 2013: Conduct a simple Internet search on long-term-care insurance and the results are baffling. Add the words buy or quote, and it gets even more complex. For an insurance product that already has mystery surrounding it, the sheer amount of information yielded by an Internet search makes it Continue reading

The Truth About Long-Term Care Insurance

Long-Term Care Facts Column: article originally published by the Redlands Daily Facts May 9, 2013: In my last column, I addressed recent articles published on a several well-known news websites have been riddled with half-truths and misleading information.  In an effort to educate the public, here are a few more corrections to the half-truths that have cropped up recently: LTC policyholders have Continue reading

Plan Ahead For Long-Term Care

Long-Term Care Facts Column: article originally published by the Redlands Daily Facts January 24, 2013: What is long-term care insurance and why do you need it? A simple Google Internet search yields a definition for insurance as, “a practice by which a company provides a guarantee of compensation for a specific loss.” Therefore, long-term care insurance is a practice by Continue reading

10 Ways To Reduce Taxes With Long-Term Care Insurance

There are 10 tax-friendly ways to pay long-term care insurance premiums.  Depending on your situation, you could save hundreds (possibly thousands) of dollars in income taxes over several years by applying just one of these methods. Caveat:  LTCFacts.org is not a tax advisor.  Each of these situations has additional requirements and you need to make sure that you discuss your unique Continue reading

John Hancock Long-Term Care Insurance: Financial Ratings

John Hancock is focused on providing innovative long-term care insurance in ways to best protect you and your family so that you can have the confidence and control you need. Commitment and Experience Over 150 years of experience and stability in the insurance business. A commitment to the long-term care insurance business since 1987. Financial Strength Financial strength ratings among Continue reading

Protecting Your Assets with a Government-Approved, Long-Term Care Partnership Policy

In the old days, in order for the government pay for someone’s long-term care expenses, the person would have to spend down their assets to the “poverty level”–about $3,000 in most states. Since 2005, and the passage of the Deficit Reduction Act, most states are allowing their residents to keep more of their assets if they own a government-approved “Long-Term Care Continue reading