Tag Archive | Senior Health

I’m Going To Wait Before I Buy LTC Insurance

As most adviser and expert would say, when it comes to long-term care insurance, “Do not wait too long”. Waiting too long can have many negative effects on your application and your future as well. Your long-term care insurance premiums are much cheaper when you buy it while you’re young and healthy, there is lesser chance of being declined because as you age, your health declines as well, so if you wait too long, you might have develop a condition that will disqualify you from getting long-term care insurance. And if it is already too late for you to get one, how are you going to manage your finances once the need for care arises? A long-term care event can deplete even an ample amount of savings. As a result, you might not be able to get the quality care you need and want if you no longer have the funds to cover your long-term care expenses. Shop for long-term care insurance quotes from different companies so you have the options to compare and choose the best policy.

The Long Term Care Guy Blog

Why should a person buy LTC insurance at age 50, when they may not need care (typically) until age 80?  Why pay premiums all those years?  Who wants to spend money for 30 years of premiums.

Seems like a logical viewpoint, why start paying premiums now when it could be 30 years before you might need care.  As long as you stay healthy it’s a valid viewpoint.  If only you could guarantee that!

If you were 24 years old, with a Camaro or other expensive to insure car, and knew that the car insurance would be much less after your 25th birthday, would you wait?  It will only be a few months……..


Did you know that 40% of the people receiving LTC services in this country are between 18 and 64?  Many people go to the doctor every year for a check up and stay in good health, until the checkup where the doctor tells you…

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How is “Typical Aging” Different from “Warning Signs” of Dementia?

Photo credit: infolongtermcare.org

Photo credit: infolongtermcare.org

A lot of adult children are struggling in dealing with parents who have alzheimer’s disease, for some, they find out too late that their parents or loved ones are already suffering from this chronic illness so it is therefore important to look for the warning signs. A common sign of aging is forgetfulness, however, if it becomes too frequent and you also notice signs of disorientation to time and place and unpredictable moods, you should be alarmed. It is always best to consult a physician so he can run a series of cognitive exams. A lot of long-term care dependents suffer from Alzheimer’s and other forms of dementia, it would be helpful if we are aware of the symptoms of the disease and we are knowledgeable on how to deal and manage it.

How to pay $6,000 or more a month for long term care.


The financial challenge brought about by the increasing cost of long-term care insurance is one of the major reason why it is one of the most ignored annuity. If we are going to take a closer look and study how long-term care insurance works, we might be able to realize that the benefits far outweigh the cost and cons of buying ltci. The amount of money required to purchase insurance for long-term care is typically less than the amount of money needed to pay for ltc expense.  As a result, you still have money to leave to your heirs or family members. LTCI is a wonderful product, however, people are misguided, thus, it should be a responsibility for every individual particularly the baby boomers to educate themselves about the impact of long-term care.

Partnership for Long Term Care

As insurance brokers we hear this all the time “I’ll invest the money instead of paying premiums for insurance.”

For every $1,000 of monthly retirement income you want to generate  from your own savings, you will need about $230,000 in assets,  according to the Schwab Center for Investment Research. 

For example, if you want $3,000 a month, or $36,000 a year, you would  need savings of $690,000. That’s a conservative estimate, assuming that you earn 5.2% on your investments and live off the earnings without dipping into the principal.

For $6,000 a month you will need at least $1.3 million. Then there’s living expenses for spouse and family, maybe another $4,000 a month. You will then need over $2 million.

A $3,000 a month benefit policy might cost $1,000-$3,000 a year for the premium, depending on age, health and other benefit options chosen. The $3,000 a month benfit policy would include inflation protection that…

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Long-Term Care Insurance – Delving in to Possible Future Situations


As more and more people think that they do not need long term health care insurance, they fail to notice that it will do them more harm than good. People think that this kind of insurance is only for people who want to have a luxurious life in the future, and that it is only for people who earn significantly higher than the average. On the contrary, US Department of Health and Human Services says that 70% people will need long term care above the age of 65.


Since mortality rate nowadays is higher than those of before, people will live longer, hence, will need more help from other people when they cannot do basic everyday tasks anymore. And sometimes, assistance and care needed isn’t free at all. There and there will always be expenses such as the payment if you need to go to the doctor for a check-up, the payment for the caregiver you are hiring, the payment for the facilities, and even the expense for your transportation.


If you haven’t planned for your future yet, are you be willing to sacrifice and allocate your money and other assets to health-related and long term care expenses? Will your assets and out-of-pocket money be enough to cover all the expenses for the longevity of the years you will live post-retirement age? Do you think that you will be able to pay for the other expenses brought by daily living and of the old age at the same time?


A Look at the Long Term Care Insurance


Long-term care insurance is the service given to elderly people – the seniors – that are basically home or community-based. It is a long term care that centers on the assistance of the basic daily activities such as moving, eating, dressing, using the toilet, and taking a bath. Since older people get weak faster than they were younger, they, more often than not, need more assistance to perform simple tasks.


Almost everybody reaches this stage in life wherein people cannot move freely and easily anymore like they used to. Sometimes, even more complications regarding the health matters arise from this condition which makes a person’s life even more complicated than it already is. That is why you must start early in planning what to do in these kinds of situations so to avoid rush decisions that could bring you even more problems than you could handle at the time.


Ideally, you should start saving up and investing in long term care insurance when you still have the time, energy, and resources that you will need. It is when you are younger that you are farther and less prone to have sicknesses and complications that will affect your health, that is if you have a balance diet, well-fitted and in good health. This is the ideal time to start planning because you could still decide on how your life will go about, figure out what kind of long term care you will need, and be able to allocate your properties and resources where you want them to be designated.


Think about your properties and the assets that you have presently. Mind your health and age and see what will you or your family need someday and prepare for it. Mull over purchasing a long term health care for your future and see how much difference it can make.


Private Home Care Offers Affordable Alternative


Home health care is preferred by majority of long-term care recipients due to the incomparable freedom and comfort. In addition, the greatest benefit that home care provides is the companionship of family members and loved ones. Home care is also the most affordable of all long-term care settings. Infolongtermcare provides few more reasons why home care is more beneficial, take a look here for practical advantages of home care

Claude Pepper Center

With the costs of long-term care rising, private homes in Florida can offer a more intimate feel while potentially saving more money than traditional options such as nursing homes or assisted living facilities.


Photo credit: Universal Pops. Easton-Hancock House. Flickr Creative Commons.

Barbara Peters Smith. Private-home care could become more common for elders. Herald-Tribune. Jan 23, 2014:

“And this informal business model could prove popular in the next decade for baby boomers retiring to Florida with experience in geriatric care — and perhaps not enough money to afford the kind of home they’d like to own.

As with the burgeoning home health care industry, the entry of more providers into this field — particularly without oversight — expands the potential for abuse.

“It’s pretty much part of the landscape, and it’s going to be growing,” says Larry Polivka, director of the Claude Pepper Center for aging studies at…

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Caregivers Trials and Tribulations

As the aging population increases, the demand for long-term care services increases as well, so is the demand for caregivers. A big percentage of individuals providing care are family members of long term care dependents, and a lot of baby boomers are relying on loved ones and family members to provide care for them as well. The reason for this is because family members do not require salary unlike licensed caregivers, home care is also cheaper compared to other long-term care settings.

AARP conducted a research on caregivers and caregiving and results showed that there may be fewer caregivers in the coming years due to the increasing demand for long term care. One reason is the increase in longevity and the current living situation of most men and women who may either be divorced or childless. However, if you only rely on family members, you might not be receiving appropriate and quality care when and where you need it due to financial constraints. And even if you have ample amount of savings, you can easily deplete it if you will be needing care for several years.





The Long Term Care Guy Blog

The New York Times recently reported that caregiving is set to become the number one profession in the USA by the year 2020, overtaking retail.

This tells us there are a tremendous number of people caring for an individual needing long-term-care (LTC) services.  Whether they are working as a professional caregiver, or are caring for a family member, the stress is similar.  Today I am referring to an April 1 article in the USA Today newspaper concerning the depression that comes from doing this work.

The article mentions that 64% of those caring for disabled veterans have jobs.  On average, they miss about a day of work each week.  Twenty-eight percent quit work due to their caregiving duties.  Sixty percent say they are under constant financial strain.  Many of these caregivers are aging themselves and worry what will happen to the loved ones they care for when they can no…

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How to Care for the Elderly with Dementia


Are you looking for tips on how to care for the elderly love one with dementia? Dementia is not a specific disease, but a non-specific syndrome. It is characterized by a decline of mental abilities like thinking, reasoning and memory. It usually occurs in the elderly. However, dementia can also occur before the person reaches the age of 65, in this case, it is termed as “early onset dementia”.


This syndrome affects the elderly in so many ways that it is often difficult to ascertain specific ways to care for them. They can be forgetful, sad and sometimes violent. It is important that you find ways to make them feel loved and comfortable as possible. Here are effective tips on taking care of an elderly with dementia:


Keep Tasks And Activities As Short As Possible
Since dementia affects the person’s thinking and reasoning, avoid information overload. Forgetfulness is a common problem in dementia and if a task or activity is not done, it can easily become a root of frustration. You can give simple, but clear instructions one at a time like take a shower.


Help with Personal Care
A person with dementia can easily get frustrated with simple everyday tasks like putting on a shirt or socks. If possible, allow your loved one to continue as much personal care as he can while you stay close by. You can help with dressing by giving clothes to your loved one in the order in which they need to be put on. You can verbally encourage him or give simple instructions like “here is your shirt”, or “Here is your other sock”.

Prepare Healthy and Nutritious Meals

Dementia can affect a person’s perception to food and eating. If you are in charge to care for the elderly with Dementia, make sure that you prepare food that are appetizing and healthy. Include plenty of fruits and vegetables because these foods can provide the person enough energy to last for the day.


Avoid Situations that Can Increase Aggravation


When caring for someone with dementia, know the activities that can trigger his agitation. Steer away from these situations and circumstances because agitation can bring about dementia symptoms. If you notice that he easily becomes agitated in populated areas, avoid taking him there. Instead take him someplace quieter where he can relax.


Hazard-Proof Your Home


When your loved one is dealing with dementia, make sure that the home environment is not cluttered. This will eliminate tripping hazards and distractions, which may add to the person’s confusion. Also, keep away razors and harmful medications. Since memory and forgetfulness is an issue, you can apply special devices to be used on faucets to control water temperature. This will help prevent burns.


To care for the elderly with dementia is not easy. Your loved one may struggle to perform familiar tasks and remember recent events. It can also progressively get worse as memory deteriorates. In the advanced stages, round-the-clock care is usually required. Planning ahead for these possibilities can help make decisions easier. Knowing your options for long term care can help you make an informed decision.



The Changing Cost of Long Term Care Rates

Long term care rates are the actual cost that will be covered by an insurance policy which includes the cost of a nursing home, facility where they conduct assisted living, or even in-house care. All of these factors may still vary because as time goes by, the cost of these factors are steadily growing, that is why the rate of a long term care will never be the same as the years goes by. Another way that a rate of a long term care may vary is to what kind of other services are included in your policy, and if you managed to get a discount from your insurance company.

If you are already informed to what is the current long term care rates, you can adjust and prepare it properly so that the long term care insurance that you are trying to purchase will meet your future needs. You should ask the insurance company about their past rates and if possible, give you an idea on how much is the future cost is going to be. If it is based on past costs, you can determine the future cost by getting a percentage off the annual premium. Insurance companies, who focus more on providing long term care, will already know what the values you are asking for, if they know where you live.  But just to make sure, it is advisable that you also do your own checking and research if they gave you the correct values and if it is true based on where you live.

Moreover, the rate of the policy you are going to buy will greatly vary depending on what kind of service is included in your insurance policy and what kind of long term care facility you are going to use, whether it is in a nursing home, assisted living facility or in-house care. The more services included in your policy and the higher the cost to cover your long term care, the higher your premium is going to be. The fact that it is still not yet for certain on what kind of care you are going to need in the future, it is best that you base your policy on a full time nursing facility care so that you will feel confident that what you are going to receive in the future, whatever happens, you will get enough care you can get.

In conclusion, the long term care rates will always vary depending on the person who is purchasing the said policy because there are a lot of different factors that will affect its cost, like the kind of care facility that is going to be utilized, the rate will also depend on your age and current medical records because the younger you are and the healthier you are when you get your policy, the higher your discounts is going to be. There are a lot of other factors that will change the long term care rates, but one thing is for certain, that no matter what the cost is, LTCi will definitely make your retirements days a lot relaxing and easier.


How to avoid high Long Term Care Insurance Costs

The cost of care annually is estimated at $80,000 to $90,000 without long term care insurance (LTCI). This is what the majority of American population are often confused with. Some misunderstand that LTCI costs as much but what it actually does is save you from overspending on health care. The rate of care does not have to be a burden once you learn further about long term care insurance cost.

LTCI can costs as much as half of what care would be without health care insurance but it can still get lower by knowing what to look out for before purchasing a policy. You might think that taking the time to choose the right benefits will save you money and that is correct. Just make sure that it does not take you too long to purchase and the reason for that is one of the pre-requisites of cheaper LTCI rates is younger age. You don’t have to wait for your seniority to come before you apply for LTCI.

Even at a later age and you have saved up to a million, without LTCI, it would still be considered insufficient since there are still medications and other costs that no one can predict. A million or two can only be enough to sustain your health care needs for about ten years whereas with an LTCI, you can have the same length of coverage but a fraction of the costs.

Saving money for LTCI is a great investment and it does not need to get complicated if you can follow the tips on staying healthy and applying early so that once an LTCI agent evaluates your current status, you’ll be eligible to receive the lowest rates and wider set of benefits available. Make sure in asking about long term care insurance costs, give every detail about your health so that you would know what kind of policy you can set up and what types of benefits you will be needing once you have reached your retirement years.

Younger and healthier applicants get offered of policies costing only of roughly around $400 to $600 for the premium simply because of acquiring the policies at an age that would take the LTCI vendor about 30 to 40 more years before they have to cover for the health plan and receive care. Other people have policies ranging from $1000 to $8000 annually because of the two things that was neglected; old age and further evolved diseases.

Again, LTCI may look costly but with the right approach and looking out for the pre-requisites, you don’t need to worry about extremely high premiums or limited range of benefits. Inflation does not even have to be a problem once you have applied for LTCI because once you have purchase the product, it will no longer be affected by the inflating rates.

Do yourself a favor now and save yourself from the worries of tomorrow. Get to know more about long term care insurance costs today.


Advantages Of Using A Long Term Calculator

Using a long term calculator to compute for the cost you are going to pay for your monthly premium is going to be easier rather than just looking at estimated values that are still not accurate. It is best that you already know the cost of what the premium is going to be so that you can prepare for it properly. You can also compare prices you got from different insurance companies or even quotes you got from the internet before purchasing your long term care insurance policy.

Knowing everything there is to know before buying your long term care insurance is important because just purchasing and not thinking about will only end up in you paying more than the usual instead of saving money and getting the best but cheapest policy available for you. LTC insurance rates vary from person to person, and from company to company, there is no definite value available out there, insurance policy is not like an item in a grocery store where there are specific prices already for it. There are a lot of factors in determining the final computation of the rate of your insurance policy using a long term calculator. One of which is the age were when you are purchasing the said policy, the younger you are, and the cheaper the premium is going to be. The reason behind this is because when you are still young, you are still in the prime of your health where the insurance companies based their quotations for the rate they are going to give you. You are not going to be considered as a high risk person in terms of your health condition by the company.

If you are going to add additional services in your insurance policy, your rate will also change and will charge for additional payments if you choose to do this. Other factors in changing the cost of your policy is the kind of service you choose to get. It could either be in a nursing home, assisted living facility or in house nursing care. Each kind of service will have a different charge, and depending on what other services you add, like extra medical equipment and other medical supplies, will be a factor in changing the cost of the long term care insurance policy you are trying to purchase.

In conclusion, the factors that can vary the cost or rate of your long term care insurance policy are a lot. And each long term care policy is going to be different from person to person, depending on what company they chose to purchase their policy in. Computing for the outcome of the computation of your desired long term care policy is complicated because of the factors that could change the rate of it, but if you are using a long term calculator, your computations will not only be accurate, but will also be much easier compared to just computing it manually, where you might commit mistakes that would only make it much harder to check where you made that mistake.



Get Back To Normal By Creating Choice In Your Dining Program

food        food 2

“Health is wealth”, an old saying that has been proven true and correct for so many times. More often than not, families and loved ones of long term care dependents focused on caregiving and physical fitness of the care recipients, they usually see to it that the care recipients received proper care, treatment and just check if these recipients get to workout and eat three times a day. But we tend to ignore if the foods prepared satisfy not only their nutrition but also their satisfaction and even craving. Doctors and caregivers alike focused on giving long term care recipients fruits and vegetables which is beneficial to help prevent disease and keep them fit. It would be nicer if we can serve them delectable dishes which is both healthy and delicious. Learn how you can prepare delectable recipes for your loved ones who are dependents of long term care:


Neighbors: News from Action Pact

Eating is normal. We all do it everyday. We decide what we want to eat, even down to the moment it goes on our plates. As adults, we eat what we want, when we want to eat it, even if it’s at 3 in the morning.

But in many elder care organizations, that is just not an option. Food is available three times a day, and in many homes, residents choose what they would like to eat three weeks before the food makes it to their plate.

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5 Pieces of Long Term Care Insurance Advice to Consider

The increasing population of senior citizens throughout the country means that long term care insurance is becoming more significant to many Americans nowadays. You may find that it is not enough to simply get a policy. You have to buy the one that meets your specifications. Here are pieces of long term care insurance advice that can help you get the right policy:


  1. Find out whether you indeed require a long term care insurance policy


If you have a healthy body and mind, you may think that you do not need to own a policy. Long term care policies apply for seniors who have trouble with everyday activities. They also benefit seniors who are bedridden due to medical complications. You have the option to go on with your life without buying a policy, but prepare to handle future uncertainties with your health.


However, you may also plan to get one but you are hindered by expensive premium costs. Long term care partnerships allow you to apply for Medicaid even if you exceed the asset ownership limit. Instead of the usual long term care insurance policies, you can choose ‘hybrid’ policies that join long term care with life insurance policies or annuities.


  1. Make sure that the benefits you receive can sustain long term care services


You can receive a specific value of long term care benefits per day or per month. When you subscribe to a policy, you may choose how much do you want to receive and whether you get it every day or every month.


Remember that costs of long term care services increase steadily at the present. Furthermore, take this piece of long term care insurance advice. Choose the method of receiving payment that support types of preferred long term care services.


  1. Check out the policy’s coverage carefully


Long term care insurance policies have a variety of covered services and benefits. Two policies may offer the same type of long term care service but differ in conditions.


Affordable policies usually offer nursing home care for a short period of time. If you have the money, you may get a long term care insurance policy with comprehensive coverage. Do not limit yourself to one type of long term care facility. You can choose where you want to receive long term care from different kinds of facilities.


  1. Watch out for pre-existing conditions


Even if long term care insurance policies provide all means of care to seniors, there are still exceptions. Policies may not cover you under pre-existing conditions.


These conditions may be deliberate harm to the self, such as substance abuse. They can also be complicated illnesses such as AIDS. When you check for policies, scan for statements of pre-existing conditions. Ask insurance providers if these are included with their policies.


  1. Take note of the elimination period


If you require long term care immediately, you need a shorter elimination period. It refers to the time you have to wait before you can use long term care benefits. However, shorter elimination periods mean additional expenses.


On the other hand, if you are relatively healthy then you may postpone with getting your long term care benefits. Assess the relation of elimination periods with your current physical and mental condition.


Remember that there are more pieces of long term care insurance advice aside from abovementioned examples. Know more about long term care insurance and you will get the policy that you are searching for.