(From Health Day News / Harris Interactive) A new Harris Interactive/Health Day poll finds that more than two-thirds of Americans are anxious and uncertain about how they’ll meet nursing home or home care costs should they need them. Most people were also wrong about how most of these costs are...
Tag: paying for health care
Financial Ruin Possible for Seniors with Dementia (VIDEO)
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Financial Ruin Possible for Seniors with Dementia
A new study asserts that If seniors have to pay a higher portion of their medical costs, it could lead to their financial ruin, especially if they have dementia.åÊ There is no doubt that healthcare costs are rising and the public has to shoulder more of the burden. Various Medicare...
Prudential Pulls Out of Individual LTC Insurance – The Story Behind the Story
åÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊ ÛÏEveryone is entitled to their own opinion, but not their own factsÛåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊåÊ Daniel Patrick Moynihan A guest blog from Raymond Lavine/ www.lavineltcinsurance.com / 253.778.6831 or 888.222.1789 / lavineltcins@gmail.com Û¬Û¬Prudential Insurance Company announced that they will no longer offer LTC plans to individuals but will continue to offer long-term care...
Medicaid – You May Need It so Know About It
The Perceived Medicare Safety Net According to reports from McKnights, very few retirees see Medicaid as having a role in their long-term care needs. 10% of pre-retirees and 7% of retirees think Medicaid will pay the majority of their costs for three months in a nursing home. Only 32% of...
Emeritus Senior Living has partnered with Life Care Funding Group LLC
Emeritus Senior Living has partnered with Life Care Funding Group LLC to educate seniors about the financing options available for covering long-term care, including assisted living. Emeritus, one of the largest assisted living chains, entered the alliance to raise awareness of the Assurance Benefit offered by Life Care Funding, Portland,...
Cost of Assisted Living May Be Tax Deductible
The cost of assisted living may be deductible on Federal income tax returns. The IRS has certain guidelines to determine eligibility. The cost of housing and meals and certain personal care services may be deductible; the determining factor is generally the inability to perform at least two activities of daily...
People Aware of LTC Costs but Have No Real Plan to Finance
The Lincoln Financial Life Stages Survey: Long- term care, a survey of 1,002 Americans, was recently released. Most respondents were aware of forecasts predicting a dramatic rise in the number of Americans needing care. Few admitted to being truly prepared. People also understand that costs of care will seriously affect...
Limits on the Use of FSA’s Take Effect This Month
Starting this month you’ll no longer be able to use your flexible spending account (FSA) for over-the-counter drugs and medicines unless you have a doctor’s prescription. So forget those routine drugstore purchases like aspirin and vitamins. Since employee contributions to FSAs are made on a pretax basis, they reduce taxable...
Prevention Screens – Are They Really Free?
According to a report by Minnesota Public Radio healthcare screenings may not be free for all people come January 1. That is when Medicare will begin covering these tests 100 percent. But the experts say, for other plans, there are myriad exceptions. æ There are exemptions under the new law...