Long-Term Care Small Business Advantage
Most small business owners like to take advantage of tax-deductible benefits! Long-Term Care Insurance is one of those benefits. Employers can choose a class of key employees to have these benefits. The class could be based on the time with the company, income, or titles. Many employers like the ability […]Read More
Why Long-Term Care Insurance?
I believe many people have not considered looking into long-term care coverage because of the subliminal feeling that they would be giving up their freedom and independence if they needed this type of care. Who wants to go to a nursing home or an assisted living facility? The insurance industry […]Read More
HOW CAN IT HELP PROTECT MY ASSETS?
April, 2006 the Georgia Long-Term Care Partnership plan was signed into law. Part of the goal is to encourage Georgia residents to plan for their later years when the need for Long Term Care (LTC) is generally the greatest. Members of the Partnership include the State of Georgia, qualified LTC […]Read More
Executive Carveout for Long-Term Care Insurance
C Corporations can create an “Executive Carveout Plan” whereby a business owner may favor selected employees for certain benefits and exclude others. Spouses and dependents of these “key” employees generally are granted the same tax advantage. • Employer provided Long Term Care insurance is treated as an accident & health […]Read More
WHY LONG-TERM CARE
I have been asked a number of times “Why are you so passionate about Long/Short Term Care insurance?” I remember a couple that had been married 40 years. The husband developed Parkinson’s and the wife did everything she could to take care of him at home. Finally, they had no […]Read More
“I DON’T PLAN ON GOING TO A NURSING HOME!”
As a population, we are living longer, which may create a need for care: – More than half the people over age 65 need some type of long-term care – 41% of long-term claims are for less than one year – 83% of claims are for home care/assisted living – […]Read More
GREAT CARE/HELP WHEN YOU NEED IT!
Most of us have heard stories about Long-Term Care Insurance. Things like: “it is too expensive” “always having rate increases” “what if I never use it” or “my health conditions won’t let me get the coverage”. The industry has heard these concerns and developed shorter term benefit plans that require […]Read More
Long Term Care Costs
The average annual cost of care in the U.S. is $94,170 for a private room in a nursing home; $82,855 for a semi-private room in a nursing home; $41,124 for an assisted living facility and; $18,460 for adult day care. The average annual cost of care received at home […]Read More
HSA and LTCI premiums
Qualified Long Term Care insurance premiums may be paid through an HSA up to the maximum Established by the Federal Government each year. Example: 62-year-old can use their HSA and pay up to $4,090 premium for 2017.Read More