With a Longer Life-Span and Greater Odds of Living Alone, Women Should Pay Special Attention to Long-Term Care
We’ve read plenty of articles in recent years concerning long-term care costs, and we’ve shared several of these reports here on the AgingOptions blog. Most of these reports seem to presume that the majority of retirees will be facing their care needs and related decisions...
Proponents for Long-Term Care Fear that Bipartisan Infrastructure Proposals Will Leave Urgent LTC Improvements Unfunded
Bipartisanship in Washington, D.C., is such a rarity these days that most people get excited when Republicans and Democrats can agree on anything. In recent weeks, a series of articles has made it seem like Congress and the Biden Administration are tantalizingly close to an...
Kiplinger: Paying for Long-Term Care from Your 401(k) Could Put You in Danger of a Major Tax Bite
If you’re like most retirees, a significant portion of your retirement savings is in pre-tax accounts such as a 401(k), 403(b) or IRA. And like most retirees you’re probably concerned about how best to cover any future long-term care costs that might arise. According to this...
ABC News Report: One-Third of People Have No Plan for Long Term Care
We just discovered this new article on the website of ABC News. The article’s stark conclusion is sadly borne out by our own experience here at AgingOptions: ABC states that at least one-third of Americans over the age of 40 have done no planning of any kind for their...
Some Tips to Help You Self-Insure for Long Term Care
Here’s a “good news, bad news” pair of statistics. If you’re 65 years old, the odds are excellent that you’ll live about two more decades. That’s the good news. The bad news: the odds are slightly better than 50/50 that at some point you’ll need some form of long term care...
When Medicare stops paying rehab bill—bad things happen
Long Term Care Hospitals (LTCHs) are certified as acute care hospitals for patient with serious medical problems that require intense, special treatment usually for more than 25 days. Each year, Medicare sets thresholds for reimbursement for care based on five-sixths of the...
Is long-term care insurance worth it?
In the ‘80s when my grandmother bought long-term care insurance everyone thought she was nuts. Twenty years later, my grandmother’s policy which covered her for unlimited lifetime benefits (a type of policy no longer offered) became useful and continued to be useful for...
Is a hybrid long-term care insurance policy the right choice for you?
If you’re 50 or over, you’re likely spending at least some time thinking about buying long-term care policies. These policies pay for care if you need continuing care either at home or in a skilled nursing facility. There’s a 10 in 10 chance that you’ll die someday and a 7...
