Long Term Care Insurance

180,000 Americans Receive Long-Term Care Insurance Benefits

The Long Term Care industry pays out $3.5B in claim payments. The new LTC insurance claims data is designed to help consumers to plan ahead. Some 180,000 Americans with long-term care insurance policies were paid benefits in 2007, according to a just-conducted study released by the American Association for Long-Term Care Insurance (AALTCIdotorg). This is [...]

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Seven Things To Look For In Long-Term Care Insurance

Planning for long-term care requires financial savvy when choosing long term care insurance coverage, writes Billsdotcom. Americans are living longer than ever before, reaching a new life expectancy of more than 78 years and making long-term care insurance a valuable investment, especially for those who heed Billsdotcom president Ethan Ewing’s seven things to know before [...]

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Four Steps to Reforming Long-Term Care

Although it is optional, every state provides a long-term care benefit through its Medicaid program–and not just to the poor. Medicaid is paying for the long-term care of a growing number of middle-income seniors, and this is one of the fastest-growing areas of state spending. At the time they retire, most seniors do not meet [...]

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Medicare Insurance Is Not The Answer To Long Term Care

Social Security Statement, unread by many people, recommends private Long Term Care Insurance (LTC). The statement says “Medicare does not pay for long term care, so you may want to consider options for private insurance.” Medicare is not long term care insurance. “Many Americans assume that Medicare will cover their long-term care expenses,” says Cameron [...]

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Obama Health Plan Not Likely To Embrace Long Term Care

If you’ve put off getting long term care insurance, should you put it off a bit longer, anticipating the new administration’s health plan? “I wouldn’t advise it,” says Denise Gott, Chairman of the Board of LTC Financial Partners LLC (LTCFP), one of the nation’s most experienced long term care insurance agencies. “Long term care has [...]

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Long Term Care Insurance – Misconceptions and Dangers

Long term care insurance is one of the less popular insurance policies. Its lack in popularity is not really because of its unimportance but largely due to ignorance and general misconceptions. The consequences of these are usually grave. Because of this I think it will be a wise move if we took some space off [...]

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Long Term Care Insurance Update

Benefits of long term care insurance Now that the Deficit Reduction Act has been in existence for over a year, most states have enacted regulations or laws that define the extended waiting period for long-term care benefits paid by the State. Regardless of the value or intention of gifts, in many cases, a five-year waiting [...]

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Difficult Long Term Care Insurance Choices

Seekers of long term care insurance need to make three key decisions: (1) whether the insurance is right for them in the first place, (2) what company they should buy it from, and (3) what specific policy best fits their needs. "When most people make these decisions, they go about it all wrong," says Cameron [...]

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Medicare Does Not Cover Long-Term Care

More than three dozen House members on Aug. 2 sent a letter to the Social Security Administration asking the agency to clarify that Medicare does not cover long-term care, CQ HealthBeat reports. The bipartisan letter urges SSA Commissioner Michael Astrue to include in Social Security statements sent annually to 143 million U.S. residents the sentence: [...]

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Bill Would Allow Flexible Spending Accounts To Include Long-Term Care Insurance

A bipartisan group of House members last week introduced a bill (HR 3363) that would allow flexible spending accounts to include long-term care insurance, CQ HealthBeatreports. The legislation — sponsored by Rep. Earl Pomeroy (D-N.D.) andco-sponsored by Reps. Jim Ramstad (R-Minn.), Allyson Schwartz (D-Pa.)and Kenny Hulshof (R-Mo.) — would allow employees to pay for long-termcare [...]

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Iowa Officials Discuss Possible Changes To Long-Term Care Insurance Coverage

Iowa Insurance Commissioner Susan Voss isconsidering requesting legislation that would give long-term careinsurance policyholders similar rights as people with health insurancein dealing with insurers who deny claims or delay payments, the Des Moines Registerreports. Voss discussed the possible changes on Thursday at a meetingof seniors and insurance industry officials. The meeting was the secondof three [...]

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Pennsylvania Long Term Care Insurance Continuing Education

Quest CE, the leading provider of Insurance and Designation Continuing Education (CE) to the financial services industry, has filed a course to fulfill Pennsylvania’s Long Term Care Insurance CE requirement. Effective July 18, 2007, all producers licensed in the state of Pennsylvania who will sell Long Term Care Partnership insurance policies must complete the Pennsylvania [...]

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