Good news if you have a long-term care insurance policy or are considering purchasing one: The IRS has announced higher deductions for long-term care premiums in 2023. There are some strings attached, though. First, to be deductible, your medical expenses,…
more
The American Association for Long-Term Care Insurance reports that as of January 1, 2020, 7.5 million Americans have some form of long-term care insurance. If you are thinking about purchasing a long-term care insurance policy, you should take into consideration…
more
The values of the Baby Boom generation seem to have have changed over the years. Once it was all about flower power. Now the focus includes financial power – specifically, leaving a financial legacy. A March 25, 2019 Financial Advisor…
more
Genworth Financial has released its 2017 survey of long-term care costs. The picture is not encouraging. Although the cost of care has always been shockingly expensive, and increased annually without fail, the rate of increase seems to be picking up….
more
Suppose you could find out if you have a greater-than-average chance of developing Alzheimer’s Disease. Would you want to know? What would you do with this information? A genetic secret? One of the genetic secrets revealed in recent years is…
more
Thousands of people across the nation hold long-term care policies from Penn Treaty Insurance Company. The company and its American Network Insurance subsidiary have been in dire financial straits since at least 2001. With the company short the $4 billion…
more
In Florida, the average annual cost of a private room at a long-term nursing facility now hovers upwards of $90,000 annually, with a semi-private room around $83,000. With the oldest Baby Boomers turning 70 and the escalating incidence of chronic…
more
If you have a long-term care insurance policy, you’ve made a significant financial investment that can help preserve your assets, prevent your family from going broke, and provide you and your loved ones with a sense of security about the…
more
