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Welcome to the Long Term Care Consumer Information Guide!
My name is Duane Lipham and I am a Certified Long Term Care consultant. After experiencing the challenges associated with long term care issues in my own family, I do my best to help provide as much information as possible for others on this important subject.
Please select from the options below:
The Long Term Care Review Blog: My blog contains the most up to date information on the LTC industry as well as recent news and information regarding related issues as they appear in the media. I also try to discuss some of the more important facets of the subject and provide timely education as well.
My Long Term Care website: This is where you can download important documents including the latest "Cost Of Care" guides, the Long Term Care Shopping Guide, and my own free ebook entitled "Bringing Simplicity To Long Term Care Insurance". You can also get free quotes by filling out the quote request form, and there are plenty of articles on the most important related subjects as well.
There are many mistakes that can be made when considering long-term care insurance, and some of them can be very costly.
Some of the most common mistakes include only getting quotes from one company, assuming knowledge of long-term care co ...
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Both state and federal governments have begun to realize that long-term care costs have the potential to be a major budgetary problem in the not too distant future. A significant contributing factor to this outlook is the large numbers of baby boomer ...
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Making sure that you start your long-term care insurance (LTCI) policy with a daily benefit amount that matches the true current cost of care is a vitally important step. But more is required if you want to be sure that the buying power of your polic ...
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In a long-term care insurance (LTCI) policy the elimination period is often referred to as the policy deductible. In many ways it is similar to the deductible often used in major medical insurance policies. One significant difference is that a specif ...
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Long-term care insurance (LTCI) policies are very different from most other kinds of insurance. As a result, even the foundational features of these policies can require taking some time to understand before making your final decision.
But ...
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When the long-term care insurance (LTCI) industry was in its early stages, the policy features and design differed considerably from what we have commonly come to see offered to consumers today.
Since it was a relatively new segment of the ...
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Becoming familiar with the foundational features and options of a good LTCI policy requires taking some time to educate yourself in advance of making your final decision. This will help ensure that you get the policy that will best fit your particular neeeds ...
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The first thing that must be said about Medicaid is that many people often confuse it for another popular government sponsored program, Medicare. However, they are very different in what they are designed to do.
Medicare is the national he ...
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When the need for long term care services begins, very few people want to go to a nursing home to receive care. The vast majority want to transition into this part of life within familiar surroundings, usually their own home.
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Medicare is a wonderful health care assistance plan provided by the federal government to help make sure that seniors get quality health care that they need and deserve as they age. It covers a wide array of medical needs very well, but one area that ...
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One of the most common objections to investing in LTCi is that some folks feel that they will probably never use the policy since they are in pretty good health now, and they don't want to waste money on something that will never actually be put to use.
So a good question to ask is: W ...
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The short answer to this question is, the month before you need to make a claim!
But since none of us have a crystal ball to tell us when we will be having a stroke or heart attack, or be diagnosed with a debilitating disease such as multiple sclerosis, Parkinson's or Alzheimer's, we ...
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Choosing the right insurance company for your LTCi policy is a very important step, and there are several top quality companies that have proven track records in the field of long term care.
The truth is that every company has their own proprietary method of determining policy feature ...
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With all of the statistics that are commonly used regarding the need for long term care, it would seem at first glance that almost everyone should have long term care insurance to be adequately protected from such a serious risk.
For instance, consider the statistic that almost half o ...
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There are actually several reasons why people buy LTCi and what matters most to them in the decision making process actually depends on their individual situation. Many times several factors influence their thinking, but here are some of the most common reasons that people invest in LTCi:...
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There are only a few main reasons why people choose not to buy long term care insurance after making an initial investigation into it. They are:
· Procrastination - Since planning for the possible need for long term care is not an issue that must be dealt with immediately, but is inst ...
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There are many misconceptions about long term care insurance(LTCi), and one of the notions that is often at odds with reality is that the person who receives care from the policy will benefit most from it. Of course, if a person is single and has no other family or friends to help provide care in th ...
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At first glance, long term care insurance(LTCi) can seem to be confusing and complicated. However all good LTCi policies have five foundational features that are the core of the protection and if you understand these five features, you will be able to assemble a policy that makes sense and is easy t ...
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If you ask the average person on the street what long term care is, you would most likely get a lot of conflicting answers and many of them wouldn't even be close to being correct. In my conversations with folks about the subject, I have had people t ...
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There is major trouble heading for the American economy in the next few years in the field of health care, but not necessarily from the area that most people expect. Although there are serious problems with our health care system in general, the fiel ...
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In all of the debate about long term care costs, a central underlying cause of the general apathy that many folks exhibit toward preparing for their own long term care needs does not get as much attention as it deserves.
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There are five foundational features of most LTCI policies and they are: (1) the Daily Benefit, (2) the Benefit Period, (3) the Benefit Setting, (4) the Elimination Period, and (5) the Inflation Protection Benefit.
All five of these featur ...
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