Do you have a plan in place to ensure you are cared for in the event you are no longer able to do so yourself? Browse these articles to learn how a well-rounded long-term care plan can help you retain more of your assets, maintain your dignity, get access to quality healthcare, and make things easier for your family.
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Annuity-Based Long-Term Care SolutionsAnnuities with long-term care riders have become a popular solution for long-term care planning that can also potential yield income-tax savings
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Annuity BasicsAnnuities are a popular financial tool for retirement planning with many using annuities as a “pension substitute.” There are many different types of annuities
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“Legacy Assets” as a Long-Term Care SolutionLegacy assets are rainy day money that will pass to beneficiaries if never needed. The biggest risk to these assets is often long-term care costs.
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Life Insurance with a Long-Term Care RiderLife insurance can be used to gain protection from future long-term care costs. The death benefit is merely a back-up if long-term care isn't needed.
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Is Traditional Long-Term Care Insurance Still a Viable Option?Traditional LTC insurance is like homeowner’s insurance. You pay yearly premiums and if you have a claim, you file a claim but it doesn't accumulate cash value.
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Will Medicaid Pay for My Long-Term Care?Many people still are under the mistaken impression that Medicaid will cover their long-term care, however, this often will not end up being the case.
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I’m a Veteran, Will the VA Take Care of My Long-Term Care Needs?Many veterans assume that the Department of Veterans’ Affairs (the VA) will pay for the veteran’s long-term care needs, but this may not be the case.
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Don’t Fall for the Medicare TrapMedicare and Medicaid are government health programs with similar names that create confusion. A critical difference is Medicare does NOT pay for longterm care.
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How Much Does Long-Term Care Cost?Long-term care costs vary significantly based on the type of care needed, the care environment, the amount of care needed, and the geographic location.
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A Long-Term Care Plan Should Include Care Guidelines For Your FamilyLong-Term Care Planning Attorney, Jackie Bedard, shares a family story regarding the difficulty of making end-of-life decisions for someone else.