Weekly Digest: The Importance of Getting Long Term Care Coverage
This week, we’ll be sharing updates on why it is important to get coverage for the retirement years. We’ll be sharing different viewpoints on long term care insurance, short guides on how to get a plan, and links on why you should get a policy.
Ask Stacy: Should I Buy Long-Term Care Insurance?
Money Talks News writer Stacy Johnson discussed on his latest feature about whether or not long term insurance will provide the necessary support for possible nursing home residents. Johnson listed down important details for potential policy holders to decide on, such as inflation, waiting period, and other riders.
The Truth About Long Term Care And Why You Must Talk About It
Carolyn Rosenblatt, Forbes contributor, wrote about the importance of discussing long term care with parents. Aside from having long term care insurance as a possible solution to help pay for care, the article focused on other factors needed for urgent attention.
Here’s How Much Long-Term Health Care Actually Costs
Jason Notte of Main Street wrote about long term health costs, and the different pain points that the elderly and their loved ones will encounter (or are already experiencing). As a highlight, planning as early as possible for long term care is crucial, to make the retirement years a pleasurable experience.
The Lowdown on Long-Term Care Insurance
CBS Small Business Pulse writer Jane Bryant Quinn featured ways on how to pay for long term care insurance premiums. Some helpful tips such as not spending more than 5 percent of retirement income to pay for premiums were mentioned.
Sunday Devotional: If you love me, act responsibly
An enlightening viewpoint on why people need to get long term care insurance, Eowyn of Fellowship of the Minds discussed that to “Love one another” isn’t limited to taking care of a sick spouse. By including LTCI as a “love tool,” spouses can avoid being a financial or emotional burden to each other and other family members.
According to an Associated Press report by Alejandra Cancino, a demand for in-home long term care is rising due to inability of nursing homes to sustain low-income senior residents. The push for in-home care would allow low-income senior citizens to save up on their hard-earned cash, with expenses expected only to be a fraction of what is usually spent on nursing home care.
Do you have any LTCI news you want to share? Let us know by sending us an email or comment below.