Posts Tagged “Assisted living”
Long term care insurance offers benefits & protection for smart consumers
By Jorge Hiram Garcia, Your Insurance Advisor | April 18, 2012
Many of us have a hard time picturing the benefits of long term care insurance. Long term care insurance offers many benefits & protection for smart consumers who plan ahead. Long term care insurance has many uses, and offers many benefits, but by its very nature, it is for the long term, many people have [...]
Survey Finds Costs of Long Term Care and Nursing Home Care Rising
By Jorge Hiram Garcia, Your Insurance Advisor | April 11, 2012
A recent survey by CareScout of Waltham, Mass., created the latest report by surveying about 15,300 U.S. LTC providers in 437 metropolitan statistical areas defined for the 2010 U.S. census. This survey found the following: The median price for a private nursing home room has increased about 4.2% in the past year, to $222 per [...]
Generation X and the Long Term Care Insurance Conversation
By Jorge Hiram Garcia, Your Insurance Advisor | March 1, 2012
Generation X & the long term care insurance conversation is not hard to imagine once you start taking a closer look at several interesting Gen X facts & LTC: Selling is a challenging task for anyone selling any product that involves time horizons longer than the 15-second attention span of a typical daytrader. If you’re [...]
Congressional Update: House Repeals CLASS
By Jorge Hiram Garcia, Your Insurance Advisor | February 9, 2012
Recent news from Congress: House votes to repeal CLASS Act The House voted last week to repeal the Community Living Assistance Service and Supports (CLASS) Act, a part of the Affordable Care Act. Republicans have been working to repeal the health reform law since December, a few months after the U.S. Department of Health & [...]
A growing concern for many Americans, especially Boomers, but also Americans in other generational groups, as well, is long term care. Long Term Care is vital because as a society we are living a lot longer than in the past. Recent advances in medical care and the treatment of disease and illness have advanced much [...]
The National Academy for State Health Policy has recently released a report on the new changes and provisions in the Patient Protection and Affordable Care Act which will affect Long Term Care (LTC) insurance for America’s seniors. Some of the “enhancements” found in these new changes are designed to help seniors avoid nursing homes, coordinate [...]
Why is the impact of disability worse than death?
By Jorge Hiram Garcia, Your Insurance Advisor | April 28, 2010
Disability is the inability to earn a living (this means working for most of us) due to illness or injury. Long term disability results from this type of condition existing for a period of three months or longer. The longer the period of disability, the harder it becomes financially for the disabled, and his or her family.
What are some options for Long Term Care?
By Jorge Hiram Garcia, Your Insurance Advisor | April 26, 2010
The primary issue when receiving long term care for most seniors is what level of independence will they be able to retain. In effect, what this really means is what kind of level of independence can they afford. As always, it comes down to money, and being able to afford to pay for the appropriate level of long term care.
Image by Getty Images via Daylife Long Term Care, also referred to as LTC, or assisted living insurance, is a term that hardly any one can agree on what it means. Lots of people use it, but don’t really know what it means. Long Term Care (LTC) means regular assistance with medical care provided by [...]
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