Realizing that you or a loved one needs to move into a nursing home can be stressful. Just the process of looking for the right facility can seem daunting. You want to make sure the facility you choose is a…
Falls are the leading cause of injury and injury-related deaths for U.S. adults 65 and older, with one in four falling each year, per the Centers for Disease Control and Prevention (CDC). Falling can have devastating consequences for older adults, leading to…
Long-term care insurance can provide necessary financial support when someone needs help with daily activities such as bathing, dressing, or eating, whether they live at home, in an assisted living facility, or in a nursing home. However, when the time…
Nursing home and long-term care costs continue to rise and it is difficult to qualify for Medicaid to pay for nursing home costs. Long-term care insurance can help cover expenses, but long-term care insurance contracts are notoriously confusing. How do you…
A long-term care policyholder has successfully sued her insurance company for breach of contract after the company raised her premiums. At age 56, Margery Newman bought a long-term care insurance policy from Metropolitan Life Insurance Company. She chose an option…
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…
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…
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.
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.
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.