Tuesday, November 2, 2010

Long-Term Care Insurance Only Gets Ready for Long-Term Care Awareness Month

November is Long-term Care Awareness Month, and LongTermCareInsuranceonly.com supports the event's goal of making sure people understand the importance of planning for likely future care needs.

The special month is promoted by the American Association for Long-Term Care Insurance (AALTCI), a national trade organization.

"I am glad to see that Long-term Care Awareness Month is being celebrated this year, to continue the effort to reach consumers on this important topic," said owner of LongTermCareInsuranceonly.com. "Here at LongTermCareInsuranceonly.com we have long advocated getting objective, third-party information about long-term care planning and long-term care insurance into the hands of consumers. We have a collection of print and electronic information available at no charge to consumers, from information on the wide variety of policies available today, including state-specific Partnership plans. We encourage everyone to visit our web site and send us an email or call if they have any questions or would like to get some personalized advice.
The personal finance press is also jumping on the Long-Term Care Awareness Month bandwagon. Kiplinger's Personal Finance magazine will include a bound copy of “3-Step Guide to Smarter Long-Term Care Planning” in their Nov. 2010 issue. “As Americans live longer lives, it is vitally important that financial planning include long-term care planning,” according to Knight Kiplinger, editor in chief of Kiplinger’s Personal Finance magazine.
At LongTermCareInsurancenonly.com, we are committed to helping people protect themselves against the risks of long-term care. That is why we are gearing up and getting ready for the month of November! We will have our website fully up-to-date and professionals waiting to talk to you about your long-term care future and goals.
We are very excited for the month of November; we look forward to educating and helping people on such an important matter that can significantly impact them and their loved ones. Our website will be fully functional, with all the information you need to learn about long-term care, a request for further information! Because we believe getting the information people need to make an informed decision is always the way to go and waiting is never to their advantage.

We are proud and looking forward to support this important educational campaign!

Thursday, September 2, 2010

Long Term Care Insurance is Essential in Today’s Times

It is very important that all of us invest some part of our income in long term plans related to insurance of our health and property. Today, the cost of living is increasing day by day and the financial conditions have become so unstable. That is why it is necessary for all of us to allocate some amount on monthly or annual basis to long term care insurance.

If you want to pay less and get more out of these insurances then the best thing is to buy them in the earlier stages of your life. This would help you to pay lesser premium and get more benefits. You should make sure that you continue the plan for full term so that you can avail the benefits when you would be no longer working and get old. To maintain your financial independence in the old age is important for your self-respect and you do not become a burden to your children or the people who take care of you.
When we are young we do not realize if we would need long term care insurance and when we realize the time to get one has gone or even if you get it then you pay heavy amount as premium. This insurance is relatively newer thing in the market and that is why it is important to know more about it before we buy it. This care insurance is mainly for the people who are suffering from some incurable disease or disability that would need care in long term.
The money that you get as benefit from these care insurances is mainly for supporting the routine requirements of the person. The best possible example of this can be a person suffering from Alzheimer’s’ disease. There is a lot of cost involved in adult care, in-home care and may be the cost of living in alternate homes.
Most of the medicare insurances would pay only for the treatment and not for the care activities. This puts burden on the family members that is many people have started considering it as a medium to lower down the burden on their family. The cost of long term care insurance is also increasing day by day with increase in the cost of everything else. That is why it is important to take a timely decision. The cost of healthcare would be a huge burden if the care insurances are not taken for the ones who need it.
Here are different premiums and plans according to the requirement and the medical conditions of the person. The premium will also depend on the time period you select for the benefits to start. The earlier you want the benefits to start the more you pay as premium. This term can be fixed while buying the insurance. You may also plan to get certain amount according to the requirement on daily basis. You may think that your $100 or $200 would be sufficient for care of 1 day then you can select a plan according to that and your premium will be calculated on this basis.
It is better to sit with an insurance advisor and talk about all possible options and then select the one that suits you. The advisors have deep knowledge of the policies and the benefits associated with them. They can also calculate the premiums and the benefit that you can get by paying those premiums.
There are so many websites to inform you about long term care insurance. You can know all about it before you actually take one plan. You can take quotations from different companies and compare the premiums and benefits associated. It is always a good choice to shop around a little before taking final decision so that you are sure that you have taken the best possible deal.
Take out the time for planning your life well in advance so that you can be ready for life when it throws challenges. Think of your loved ones who would not have to bear the burden if you have already managed your finances for your difficult days. This would also protect your assets from getting dissolved way and then you can proudly pass them on to your children.

Wednesday, August 25, 2010

Why Plan for Long Term Care Insurance

Long term care insurance is a type of health insurance offered to those people who are in need of help along with their activities of daily living like eating, toileting, transferring, dressing, continence, bathing etc. Millions of people across the globe have realized the actual benefits of LTCI and they are selecting this health insurance as soon as possible because they know they may require LTCI in future. It is estimated that around 13 million people in USA require long term care, among them 40 percent of people are of old age. Now with these statistics, you might have come to know why it is essential to purchase LTCI immediately just before your retirement. According to government of US they have revealed that it is always a better idea to purchase LTCI in prior when you are younger so that you can take the benefits when you grow older. It is suggested that you should purchase LTCI at young age because at that time the premiums are low in comparison to old age because the risk is more in old age than young age.

So, let us come across about the things that are required to qualify for long term care insurance. Today you will notice that most of the LTCI policies sold are Tax Qualified. This is the type of policy in which you will only become eligible when the practitioner will rectify that you are unable to perform at least 2 activities out of 6 activities of daily living (ADL) for at least 3 months. Without the report of practitioner you will not be able to take the benefits of this policy. Apart from this if you have suffered from any cognitive impairment such as Alzheimer’s then also you will be eligible for this policy.

There can be numerous reasons behind purchasing insurance; some people have insurance for their car so that they can claim insurance for damage of their car, similarly people insure their homes, life, boats, health etc. But purchasing a LTCI is something different because with this insurance policy you will be able to maintain a level of independence for your family and for yourself. It is specially designed not only to protect you but also your family so that you don’t become a burden on your family.

Ironically, people nowadays want to equip themselves to meet any unexpected situation. No one in this world knows that what is going to happen in the next second, anything can happen to them and at that certain point of time you may not be in the condition to resolve the issue. For instance in car accidents, you insure your car to keep your car protected from any damages and scratches. If some damage happens to your car then you don’t want to pay for it, but instead of it you pay monthly payment for premiums and leave everything on insurance company to take care of the damages. Similarly, long term care insurance is also designed not only to protect you but also protect you from losing of your assets you have worked a long period of time to establish.

Today most of the young generation people don’t think about their future and it is the biggest mistake they are making in their life. If you don’t plan about your money management now then definitely you will face difficulties when you grow older. So, it is recommended that you should immediately purchase a long term care insurance policy today without making any delay. If you plan and prepare yourself properly then definitely you will have better future and life ahead.

Thursday, July 15, 2010

Reasons to Buy Long Term Care Insurance

Protect Assets - Long Term Care services in a nursing home care cost as must as $75,000. Home Health Care services can cost as much as $19 a hour (1.). Long TC Insurance can protect these assets by paying these high costs and ultimately you can pass your assets onto your heirs.


Preserve Independence - Comprehensive Long Term Care Insurance policies give you choice and your independence, with allowing you to receive care in your home or assisted living facility, so you don't have to go to a nursing home unless needed.
Avoid being a Burden - As stated in the Caregivers Role section in this website most care provided in the US is provided by a loved one. Long Term Care Insurance can protect you from having to rely on a loved one for care. With long term Insurance, most policies will pay for a home health care aide.
Avoid going on Medicaid - Even if you are not in a low income bracket and say you don't want to deplete all your assets on Long Term Care services you would have to spend down your assets to qualify for Medicaid. See About Medicaid for more information.

Tax Advantages - Many states offer a tax deduction or special tax credit for purchasing Long Term Care Insurance. In addition, Tax-Qualified policies allow your premiums to be added to your other medical expense deductibles, and then deducted from the amount which is more than 7.5 percent of the adjusted gross income on the federal income tax return. See Tax Information for more information.
Medicare Won't Pay Fully - You cannot rely on Medicare to pay for your Long Term Care needs, Medicare strictly provides skilled care, and most LTC is not skilled care. See About Medicare for more information.
1. The MetLife Mature Market Survey of Nursing Home and Home Care Costs, 2006

Thursday, May 20, 2010

Wednesday, May 5, 2010

Why Do Americans Need Long Term Care Insurance?

It is imperative in this day and age to have some sort of health coverage for yourself and more importantly your family. Not being prepared for the future is one of the biggest pitfalls anyone can make. As people’s life expectancy continues to increase, so does the cost of living and maintaining a healthy lifestyle. That is why you must think ahead and decide if you are going to utilize long term care insurance. It is a big decision, but one that needs to be made before it is too late and becomes expensive.
With the average human life span surpassing 84, due to all the advances in medicine, a person can expect to live a lot longer than what was once thought possible. With your extended life span, it now becomes a necessity to have some sort of plan in store for you and your family in these elderly years. You do not want to have to rely on the support of your family, but you do want to live comfortable. That is why there is long term care insurance, also known as LTC insurance. This is a form of insurance that will protect you during the last years of your life by providing you with a safe and comfortable living situation.

Why become dependent on your friends and family to support you during these years, when you can have some type of LTC insurance plan set up for you. By utilizing long term care insurance you will not have to worry about money spent to keep your lifestyle in place. Think about it, in 1994 7.3 million Americans needed long term care (LTC) services at an average cost of nearly $43,800 per year and the numbers keep on rising, mainly due to inflation. In 2000 the number of Americans requiring LTC jumped to 9 million with an annual cost of approximately $55,750! If you do not have this type of money to spend, then it is a good idea to start thinking about your future and long term care insurance.
What does all this mean to you? Well, if you are young then you have time to start planning and thinking ahead about what you want to do to ensure your future finically. If you are middle aged then it is a great time to start looking into long term care insurance and the benefits it can offer both you and your loved ones. If you are elderly it still might not be too late to get LTC insurance, although the rates will be significantly higher than if you got your plan at a much earlier age. All in all, long term care insurance is a good investment for your future.

Thursday, April 22, 2010

Long Term Care Insurance Only Undergoes New Website Redesign

FOR IMMEDIATE RELEASE:

Long Term Care Insurance Only Undergoes New Website Redesign

With a new website redesign and layout, long Term Care Insurance Only plans to expand their services to those who have access to a computer. The website will be user friendly and constantly updated with insurance related news topics.



Los Angeles, California – April 21, 2010 – Long Term Care Insurance Only, (http://www.LongTermCareInsuranceOnly.com), a United States based term care insurance informational website has undergone major renovations and changes to the website. The new website will have an updated, user friendly interface that is easy to navigate through and contains up-to-date news and articles regarding term health care.



The newly redesigned website will feature a news section that is made to help customers better understand what LTC insurance is and what it is used for. This will help those who are confused about the benefits and whether or not they need long term care insurance for themselves and their family. There is even a free quote section for those who want to get more information about LTC insurance.



Within the new site will be a section completely dedicated to articles related to long term health care and LTC insurance. These articles will help those make better decisions and fully understand what long term health care is all about. This is a largely untapped market and getting a strong foothold can ensure the company’s success in the future. There will be new articles posted often, showcasing important studies, industry updates, and other useful information.



Owner of long term care insurance only, which is a subsidiary website to LTC Solutions, George Mellendorf says, “The new website looks stunning, both visually and functionally. It is so easy to use and navigate through. I am extremely pleased with the changes and updates to the site and look forward to sharing it with the world!” The site is nearing its official release date and everyone is excited to see the new site go live.



Along with all the changes made to the website will include a brand new blog. Topics include long term health care tips, tricks, advice, and much more. The blog will be consistently updated with new information on a weekly basis to help consumers make informed decisions about their term life care insurance.



###



Long Term Care Insurance Only/LTC Solutions offers exceptional customer care and service with all their clients. Their main goal is to provide qualify long term care insurance that meets or exceeds the customers expectations at the time of utilization. LTC Insurance Only is proud to offer free quotes and consultations with a licensed long term care insurance specialist at their website http://www.LongTermCareInsuranceOnly.com. The agents at Long Term Care Insurance Only continues to take outstanding care of each individual potential customer, personally reviewing every personals personal needs, and coming up with a package that best suits their needs. They are proud and look forward to servicing long term health care needs.



Contact Info:

George Mellendorf, President of LTC Solutions

Long Term Care Insurance Only

3501 Del Prado Blvd.

Unit 202

Cape Coral, FL 33094 (United States)

Phone: 239-540-1663

Email: george@ltcsolutions.net

Web: www.LongTermCareInsurance.com

###

Tuesday, April 20, 2010

Long Term Care Insurance - 10 Informative Facts about LTC Insurance LTI

1. Long term care insurance is a form of insurance only found within the United States and the United Kingdom. This has been rapidly growing in the past years throughout the United States. The downside is that coverage costs can become very expensive, mainly when customers wait till the last minute to purchase long term care insurance.

2. Taking advantage of long term care insurance can supplement the cost of living if you live longer than planned or expected. You will always be protected during your elderly years and can ensure that items not covered by Medicare or Medicaid are covered through long term care insurance. Rather than relying on family and friends for support, long term care insurance can cover these costs and more. Not taking advantage can be devastating to your loved one’s pocket books.

3. Your premiums paid on your long term care insurance are often times tax deductible at the end of the year, offering extra incentive to take advantage of LTC. Benefits incurred are excluded from income, offering more tax savings. The deduction is based upon many factors including your age.

4. A client’s age does not play a factor when dealing with long term care insurance. A vast majority of long term care insurance policy holders are between the ages of 18 and 64. More than half of all seniors ages 65 and older will need some sort of long term care insurance during their lifetime.

5. With long term care insurance, you are covered in many areas. These include, but are not limited to adult day care, respite care, nursing home facility costs, Alzheimer’s facilities, hospice care, home care, and assisted care.

6. To determine a person’s long term care insurance rates, there are six major factors to take into account. These will tell you how much you will have to pay to receive the benefits offered by LTC. First, they look at the persons age, the daily benefit requested, the time frame of the benefits, the elimination period, any inflation coverage, and lastly thr persons health rating. A persons health rating can either be preferred, standard, or sub-standard.

7. When getting your LTC insurance policy, often times there will be an elimination or waiting period. This is almost the same thing as a deductible because you pay for the care received before the benefits from long term care insurance are applied to the injuries sustained. If you have a larger deductible, then you will have a lower premium, and vice versa. You must make some sacrifices when selecting an insurance plan for yourself or your family.

8. When it comes to group policies and long term care insurance, it can become a bit tricky. Group policies may include provisions that restrict the open enrollment time frame and may require underwriting. These plans may or may not be guaranteed renewable or tax qualifies. When it comes to the fine print, make sure you read it closely, as some LTC plans have provisions that allow your policy to be changed and switched to another form of a policy at that time. Plans are eligible to be canceled at anytime per the insurance company’s request.

9. Most policies are opened by those Americans that are 60 or older and most are above 80. This is because they realize it is time to purchase some sort of insurance so they do not become a burden on their family when it is there time to pass.

10. Over 8 million Americans are covered or have some sort of long term care insurance. That goes to show that this is a popular form of insurance and has many benefits to the policy holder. When employed by a company you will often have the option to opt into LTC insurance plans. These premiums can be paid annually, semi-annually, quarterly, or monthly.

Friday, April 9, 2010

About Long Term Care Insurance & Long Term Care

Long term care is provided to people who need help with activities of daily living (ADL's) such as bathing, continence, dressing, transferring, toileting or eating or LTC Insurance is provided to people who need substantial supervision due to a cognitive impairment.

Many people believe that the need for Long Term Care Insurance could not happen to them however it is estimated that more than 13 million people in the US need Long Term Care(1.) and of that close to 40% of people needing Long Term Care are working aged adults(2.). With these statistics you can see why it is important to buy Long Term Care Insurance at a young age prior to retirement. According to the AARP it is best to purchase a Long Term Care Insurance policy when you are middle aged, this is when you are more than likely to be eligible for Long Term Insurance and when the premiums are going to be lower.

Tuesday, April 6, 2010

How to Qualify for Long Term Care Insurance Benefits

Most Long Term Care Insurance policies sold today are considered Tax-Qualified, with a this type of policy you are eligible to receive your Long Term Care Insurance benefits when a licensed health care practitioner can verify that you are unable to perform 2 of the 6 activities of daily living (ADL's) for at least 90 days. These include eating, bathing, dressing, toileting, continence, or transferring. Or you suffer from a cognitive impairment such as Alzheimer's, Dementia, Stoke, etc. 

Most older policies required one to have a prior hospital stay for 3 days prior to being eligible for Long Term Insurance benefits. Which makes it harder to receive benefits. As you can see with new policies it would not be too difficult to be eligible for your benefits.

Monday, April 5, 2010

What Age to Buy Long-Term Care Insurance

According to Kiplinger's, Long-Term Care You Can Afford article, when it comes to buying long-term care insurance, 50 is the new 60. People are buying it at a younger age to take advantage of the lower premiums. It is part of protecting assets and the retirement planning process.

Saturday, March 27, 2010

Long Term Care Insurance Tools - LTC Insurance

When trying to decide whether you should purchase Long Term Care Insurance or not, there are probably a lot of questions that go through your mind. Such as: Do I need Long Term Care Insurance? When should I buy Long Term Care Insurance? Who uses Long Term Care Insurance? How much Long Term Care Insurance do I buy? What are the best companies/products? Etc.
Use the long term care insurance links and tools below to help you answer some of these questions and help you in researching Long Term Care Insurance.

Long Term Care Tools

Do Follow Comments for Everyone Courtesy of Long Term Care Insurance Blog

We have officially switched our blog commenting to do-follow.  What dos this mean for you and you search engine optimization goals?

Now you can post relevant comments with keyword rich anchor text and receive link juice.  Only comments will be do follow and this will benefit everyone.

This means that Long term Care Insurance Only's Blog will be regulated to ensure that all comments are relevant and have a meaningful benefit to the reader.  Please use your discretion before posting and only post useful, relevant information!

Friday, March 26, 2010

Welcome to Long Term Care Insurance Only Blog

Welcome to Long Term Care Insurance Only official blog.Here you will find up-to-date information regarding insurance and its benefits to you and your family.

Stay updated for news, tips, updates, and much more regarding Long Term Care Insurance.  We will be updating this blog as often as possible with new, useful information in an easy to read format.

Get a Long Term Insurance Quote Today!