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Tag Archives: long term care insurance

Short-Term Care Insurance: An Alternative to the Long-Term Care Variety

Long Term or Short Term

A little-known insurance option can be an answer for some people who might need care but are unable to buy long-term care insurance. Short-term care insurance provides coverage for nursing home or home care for one year or less. As … Continue reading






Posted in Long-Term Care Planning | Tagged , , |

Costs of Some New Long-Term Care Insurance Policies Rise in Latest Survey

Long Term Care Insurance

        A couple who are both age 60 and who purchase new long-term care insurance coverage can expect to pay between 6 and 9 percent more compared to a year ago according to the 2017 Long Term … Continue reading






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Don’t Forget About Deducting Your Long-Term Care Insurance Premiums

One of the incentives to buying a long-term care insurance policy is that the premiums are tax deductible. Unfortunately, many people are not taking advantage of this deduction.






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Posted in Care Coordination, Estate Planning, Long-Term Care Planning, Uncategorized | Tagged , , , , , |

Long-Term Care Insurance Premiums Rise Almost 9 Percent

Higher premiums mean that fewer consumers are buying long-term care coverage, and those who are buying are purchasing less protection, says Forbes magazine columnist Howard Gleckman.






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Posted in Care Coordination, Estate and Trust Administration, Estate Planning, Guardianship, Long-Term Care Planning, Uncategorized | Tagged , , , , , , |

Parents’ Medical History May Make Long-Term Care Insurance More Expensive

The Affordable Care Act prohibits medical insurers from denying coverage to applicants due to pre-existing conditions, but the same rules do not apply to long-term care insurance. Your parents’ health could be one of the many factors that long-term care insurance providers take into account when deciding how much to charge you. Be sure to do your research while shopping for long term care insurance. Strohschein Law Group is here to help you plan out your long term care options for you to make to most affordable decisions and protect what matters.






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Posted in Estate Planning, Long-Term Care Planning, Uncategorized | Tagged , , , , , , , , |

5 Tips on Deciding Whether to Buy Long-Term Care Insurance

On the one hand LTCI premiums are high, they may be raised in the future, and if you are purchasing policies in your 50s and 60s, the need is probably many decades in the future. On the other, many are saved by their LTCI, able to choose their own care setting rather than rely on what is covered by Medicaid in their state, more comfortable hiring necessary help if doing so doesn’t mean dipping in to their savings, and able to protect an inheritance for their children and grandchildren.






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Posted in Estate and Trust Administration, Estate Planning, Guardianship, Long-Term Care Planning, Medicaid, Probate Litigation, Uncategorized, VA Benefits | Tagged , , , , , , , |

Price of Long-Term Care Insurance Policy Drops….

Today’s average cost for ‘Best’ coverage for a 60-year-old couple each purchasing $164,000 of immediate coverage that grows to a combined benefit pool of $730,000 ($365,000 each) at age 85, is $3,840-per-year.






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Posted in Estate Planning, Guardianship, Long-Term Care Planning, Medicaid, Uncategorized, VA Benefits | Tagged , , , , , , |

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