2 03, 2023

Deducting Long-Term Care Insurance Premiums in 2023

2023-03-02T16:40:32-05:00March 2nd, 2023|

Are you a taxpayer who has purchased long-term care insurance (LTCI)? Take note of your policy details and your premium amount, as you may be able to deduct the cost – or at least part of it – from your [...]

12 01, 2023

Older Adults Lack Information in Search for Long-Term Care

2023-01-12T16:43:17-05:00January 12th, 2023|

According to a recent national study, nearly a quarter of Americans aged 50 and older say they – or a loved one – needed long-term care in 2022. The findings further suggest that seniors and their caregivers could benefit from more consumer-friendly [...]

22 01, 2021

What is Long-Term Care and Who Provides It?

2021-01-22T10:41:12-05:00January 22nd, 2021|

Long-term care is the care you need if you can’t perform daily activities on your own for an extended period of time. There are a number of different ways that long-term care can be provided. Most long-term care involves assisting [...]

21 12, 2020

Who Should Purchase Long-Term Care Insurance?

2020-12-20T06:00:02-05:00December 21st, 2020|

Buying long-term care insurance is one way to protect against the high cost of long-term care. However, this type of insurance may not be for everyone, so consider all your options. Long-term care – care in a nursing home or [...]

20 08, 2019

What a Good Long-Term Care Insurance Policy Should Include

2020-12-20T05:56:01-05:00August 20th, 2019|

Nursing home and long-term care costs continue to rise and it is difficult to qualify for Medicaid to pay for nursing home costs. Long-term care insurance can help cover expenses, but long term care insurance contracts are notoriously confusing. How do [...]

28 05, 2019

What’s a Health Care Proxy and Why Do I Need One?

2019-05-18T18:32:12-04:00May 28th, 2019|

If you become incapacitated, who will make your medical decisions? A health care proxy allows you to appoint someone else to act as your agent for medical decisions. It will ensure that your medical treatment instructions are carried out, and it [...]

15 05, 2019

How to Fight a Nursing Home Discharge

2019-05-17T21:48:03-04:00May 15th, 2019|

Once a resident is settled in a nursing home, being told to leave can be very traumatic. Nursing homes are required to follow certain procedures before discharging a resident, but family members often accept the discharge without questioning it. Residents [...]

27 05, 2018

Medicaid Eligibility and the Qualified Income Trust (QIT)

2018-11-08T05:38:07-05:00May 27th, 2018|

Eligibility for Medicaid long-term care assistance depends on several factors, including: Citizenship/residency Being aged, blind, or disabled Asset limits Income limits Certain types of assets are non-countable and will not affect eligibility. However, the income cut-off is a clear line: [...]