| Aging and Long-term Care Needs
As baby boomers age, they are becoming more vocal about their expectations for long-term care. The Alliance for Health Reform reports that many boomers prefer a home-like setting over a nursing home. |
| New Year brings concerns over health care
As the new year gets under way, it's traditional to make resolutions for the upcoming fiscal year. This year we face a greater challenge due to the stock market decline, as well as unpredictable economic markets. Many will revisit financial plans and make changes to deal with new circumstances. |
| Welfare for the Well-do-to?
Medicaid is welfare but "Medicaid planning attorneys" artificially impoverish their affluent clients to qualify them for the program. Medicaid bankrupts state budgets, crowds out private financing for long-term care, and traps the elderly in underfunded nursing homes. |
| Housing Crisis Affects Seniors Needing Care
The national real estate crisis has affected all aspects of life, and long term care is no exception. For many seniors unable to sell their homes, moving to an assisted living facility is no longer financially possible. |
| Aging and Long-term Care Needs
As baby boomers age, they are becoming more vocal about their expectations for long-term care. The Alliance for Health Reform reports that many boomers prefer a home-like setting over a nursing home. |
| Senate committee approves long-term care background checks
The Senate Finance Committee this week passed the Patient Safety and Abuse Prevention Act (S. 1577), which would establish a nationwide system of background checks for potential long-term care employees, by a unanimous vote. |
| Boomers Need to Protect Finances from Long-Term Care Costs
Dale Merritt, a financial advisor for Banyan Rock & Talent, a provider of financial planning and insurance services, advises investing in long-term care coverage for the baby boomer generation is a must to secure their financial future. |
| AHIP Launches Long-Term Care Insurance Campaign
America's Health Insurance Plans launched a new national education campaign to better inform consumers about their risks of needing long-term care and the valuable financial protection long-term care insurance provides. |
| New York Life Releases LTC Cost Figures
The average cost of nursing home care was about 3% higher this year than in 2006, while home health care costs were up 12%, New York Life Insurance Company reports. |
| John Hancock Marks National Long Term Care Awareness Week With Education for Producers and Consumers
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| Long-term insurance: Worth its weight?
The policies work for many, but consumers should read the fine print. And premium hikes can be shocking. |
| Know Long Term Care Options
The first of the Baby Boom generation became eligible for Social Security benefits this year, creating a wave of boomer retirees that promises to turn into a tsunami of aging Americans. |
| ACLI Lauds Introduction Of Resolution On Long-Term Care Awareness Week
ACLI President & CEO Frank Keating issued the following statement in response to the introduction of a resolution supporting the goals and ideals of Long-Term Care Awareness Week: Long-Term Care Awareness Week, which will be November 4-10, 2007. |
| How Will Boomers Pay For Long-Term Care?
Long-term care refers to regular assistance for people with chronic illnesses or mental or physical disabilities, both in nursing homes and at home. Unlike other health care services, long-term care is primarily intended to help with daily activities rather than to treat medical conditions. |
| The Long-Term Care Experience Committee has completed their latest report.
This report combines and analyzes data received from 24 insurers that agreed to provide information to further the knowledge of long-term care insurance. Available data was collected on policies issued between January 1, 1984 and December 31, 2004. Claims incurred on policies in force during this time were followed from claim inception through the earlier of claim termination, or June 30, 2005. |
| As roles reverse, boomers must plan for costs of aging parents' long-term care management
As boomers age and approach retirement, one thing they're not planning for are the financial resources needed to care for their aging parents. Financial advisors are embarking on a new trend - advising adult children how to financially plan for their parents' long-term care and overall health care management |