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Long-term care insurance : Long Term Care Insurance Network

Long-term care insurance

By administrator | Dec 9, 2012

Long-term care insurance
News from San Jose Mercury News:

Don’t count on Medicare to pay for the costs of at-home nursing, an assisted living facility or nursing home care. Medi-Cal helps, but only if you are low-income.

Long-term care insurance covers the cost of care if you develop dementia or can’t physically perform daily activities, such as eating and bathing. The federal government estimates that more than two-thirds of people over age 65 will eventually need long-term care. But be advised that the insurance is very expensive.

For general information, go to www.longtermcare.gov. A fee-only financial planner can be found at www.napfa.org. Local insurance agents can be found at www.independentagent.com.

Contact Lisa M. Krieger at 650-492-4098.

…………… continues on San Jose Mercury News
… Read the full article

Related News:

Alzheimer’s care can lead to catastrophic medical bills for families
News from Las Vegas Review-Journal:

Posted: Dec. 9, 2012 | 12:11 a.m.

For Linda Gagnon, it was both a shock and no surprise at all.

At the start of 2012, her 88-year-old mother, Martha Gagnon, was bright, alert and still dropping in on her weekly quilting group.

By August, Martha Gagnon was incapable of walking unassisted or swallowing her food properly. Doctors diagnosed her with dementia, most likely Alzheimer’s.

Even though there’s a family history of dementia, the doctor’s report stunned Linda Gagnon.

“You never dream it’s going to happen to you,” she says.

Now, as she struggles to come to terms with her mother’s fading health, Linda Gagnon also faces mounting costs for her mother’s care.

It’s a huge and growing expense, not just for the Gagnons, but for legions of families across the state and nation. No one tracks the local tab for Alzheimer’s care, but the Alzheimer’s Association says the nation will spend $ 200 billion in 2012 on care for patients with the disease. More than 15 million personal caregivers, such as families and friends, will provide another $ 210 billion worth of uncompensated care. What’s more, the Alzheimer’s Foundation of America says the disease costs U.S. businesses more than $ 60 billion a year in insurance costs, as well as lost productivity and absenteeism among caregiving family members.

Those costs are poised…………… continues on Las Vegas Review-Journal

… Read the full article


The Federal Long Term Care Insurance Program: Educational Meeting Video [VHS Video]

(VHS Video) The U.S. Office of Personnel Management has made a video: Program Educational Meeting Video that highlights the details of the Federal Long Term Care Insurance Program. We encourage you to use this with your employees in smaller offices who are not scheduled to get a live Program Educational Meeting during Open Season or for employees who cannot attend a meeting. The 40 minute Program Educational Meeting Video is an excellent summary
of the Federal Long Term Care Insurance Program.

List Price: $ 55.00


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