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 recent third-party articles.
- Kitces.com – Maximizing Tax Deductions For Long-Term Care (LTC) Insurance
- ThinkAdvisor.com – 5 Things State Lawmakers Want to do About Long-Term Care Insurance
- ThinkAdvisor.com – Scott Harrison is Tired of Long-Term Care Policy Think Tanks
Buyers Of New Long-Term Care Insurance Policies Face Little Risk Of Future Rate Increase
Individuals who purchase a new long-term care insurance policy face little if any chance of a future rate increase according to a study of pricing experts released by the American Association for Long-Term Care Insurance. “Policies priced years ago using different assumptions have seen rate increases so consumers today assume they face the same risk,” explains Jesse Slome, director of the Association. “That’s simply not the case.” The national organization just released results of a poll of actuaries across the long-term care insurance industry. Read more
5 Things an LTC Insider is Seeing Now, for Agents
Many of your clients will eventually use the arrangements you have helped them make to pay for long-term care services. Steve Shain helps the facilities or home care services those clients use get paid. Shain also gets nursing homes and other providers of long-term care services into the networks of managed care plans, including Medicare Advantage plan networks, commercial major medical networks, and managed Medicaid networks. Here are some other things Shain talked about in a recent interview.
Long-Term Care Insurance Association Reports Increasing Web Traffic
The number of consumers seeking information about long-term care insurance via the American Association for Long-Term Care Insurance’s website is increasing according to the national trade organization. “The millions of Americans in their 60s are realizing they have no plan in place for dealing with the very real prospect of needing care and they are using the Internet to seek out information,” explains Jesse Slome, director of AALTCI. The organization reported website traffic to the Association’s website increased for the first six months of 2018 compared to the prior year.
Aging Parents at a Distance: What Happens in an Emergency
Sherry, a widow, age 80, lives alone in a two-story apartment. Her only son, Tony, lives on the east coast, thousands of miles away. They are close, but the geographic distance makes visiting in person a problem for both. Tony is his mom’s agent on her legal documents and he is more than willing to help. But he always had a worry in the back of his mind about what would happen if Sherry had an accident or a medical crisis.