Although there are several bills that have been introduced in Congress to allow a deduction of the full premium on long-term care insurance, to my knowledge thus far none have even made it out of committee. It’s my opinion that sooner or later Congress is going to have to increase the tax advantages of owning […]
A large segment of the aging population seems to feel that they will just rely on Medicare and Medicaid to take care of their long-term care needs if and when that situation should arise for them personally.
There is a lot that can legitimately be questioned about that decision. One very large factor to consider is […]
One of the questions that concerns people who are investigating LTCI is whether or not their premiums can increase on them later on without warning. This is a very good question because who wants to have their premiums suddenly rise when they have planned on them remaining stable for the rest of their life?
The answer […]
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 specified number of days that you will be responsible for your own care is used […]
I am often asked what age is best to begin to think seriously about getting LTCI. That question is usually asked by folks who think of this kind of insurance entirely as a retirement planning tool.
Of course, that is a very important and practical use of long-term care insurance. But that is not all there […]