LTC in the News
The word is spreading. Major news outlets are letting the American people know the importance of long-term care planning. Are you? Here are a few third party articles.
- LifeHealthPro.com – July 31: Add This to Your DOL Checklist: Health, LTC Costs in Retirement
- LifeHealthPro.com – July 25: Why Consumers’ Attitudes Toward Life Insurance Are Changing
- StatNews.com – June 23: Nursing Homes Fade Even as Baby Boomers Age
No Spouse, No Kids, No Caregiver: How to Prepare to Age Alone
In research presented this year at The American Geriatric Society’s annual meeting, Dr. Maria Torroella Carney, chief of geriatrics and palliative medicine at North Shore-LIJ Health System in New York, and her colleagues found that nearly one-quarter of Americans over age 65 are or may become physically or socially isolated and lack someone like a family member to care for them. Carney calls them “elder orphans.” Read more
2016 Long Term Care Insurance Tax Guide Available
Few consumers realize that long term care insurance premiums may be tax deductible and that special tax advantages are available for business owners advises the head of the American Association for Long-Term Care Insurance.
Study: Care Contributors Spend Big Sums on Family, Friends with Dementia
A December 2015 Alzheimer’s Association study found care contributors spent an average of $5,155 a year of their own money to take care of a relative or a friend with dementia. Respondents described outlays that varied from a low of $1,000 to more than $100,000. Spouses and partners spent the most, averaging more than $12,000 a year. Adult children spent $4,800 on average, although 16% spent $10,000 or more. Read more
Long Distance Monitoring of Caregivers is a Vital Safeguard
The National Institute on Aging says about 7 million people in the United States care for elderly loved ones by long distance. A study by MetLife Mature Market Institute in conjunction with the National Alliance for Caregiving showed that almost 25% of long distance caregivers are the sole, primary caregivers for distant loved ones. Obviously, Long distance caring gives rise to special concerns, especially about the people who might enter an elderly loved one’s home as caregivers. Read more