Long Term Care Insurance
Take Advantage of
Your Youth
When is the right time to start investing in your long term care insurance? Time is money when it comes to long term care insurance premiums. The younger you are when you purchase your policy, the less you will pay in premiums over the course of a lifetime, because of the yearly premium being much lower the younger you are. Take advantage of your youth, learn why purchasing long term care insurance while you are in your 40s or 50s makes good financial sense!
Long term care insurance provides benefits to help pay for the care you'll need, while helping you protect your retirement assets, maintain your independence and avoid becoming a burden to your family. Americans are living longer than ever. As you age, the more likely you may become ill or have an accident that requires assistance with day to day activities. And that assistance can be expensive.
Since the passage of the Health Insurance Portability and Accountability Act (HIPAA) in 1996, it is now clear who is primarily responsible for paying for long term care - you. Long term care insurance is an essential component of your estate plan to protect your assets once you need long-term health care. Learn why individual long term care insurance is an important part of your financial portfolio.
Boomer Women Discuss LTC With Parents, But Many Still Don’t Plan
BY TREVOR THOMAS
A new AARP study finds 69% of boomer women have talked with their parents about how the parents would live independently as they get older. But just 40% of them have actually planned for the possibility their parents may ultimately need assistance. Read full article from National Underwriter.
Effort Launched To Educate Consumers On Realities Of LTC
BY MATT BRADY
While Americans are increasingly aware of their long term care risks, few seem to know what to do about it, according to research unveiled in October by John Hancock as part of the launch of a national educational effort to better inform consumers on the realties of long term care and long term care insurance. Read full article from National Underwriter.
Pay your Long Term Care Premiums with your HSA Account
Did you know that your long term care insurance premiums are an elligible health care expense and can be paid from your HSA account? Contact us about long term care and how to suggest an HSA account to your employer.