Health Care Inflation Protection
Healthcare costs are not immune to inflation. On average, the cost of health care can rise annually anywhere from 4% to 7%. It is important when purchasing long term care ...
The Benefit Period for Long-Term Care Insurance
The benefit period for your policy will vary for anywhere between 2 years and unlimited lifetime coverage depending on the level of plan you purchase. The benefit period means the ...
Comprehensive Plans vs. Facility Only Plans
Comprehensive plans are designed to allow people to stay home longer and assist in the transitions to other levels of care as needed. These plans will cover your long term ...
Qualifying to Use the Benefits of a Long Term Care Insurance Plan
In order to use your long term care insurance, a licensed healthcare practitioner will need to qualify that the insured needs help or substantial assistance with at least 2 out ...
Long Term Care Insurance
Long term insurance costs depend on the options chosen by the applicant. The more options you choose, the higher the cost of your plan will be, but it will still ...
Reverse Mortgages and Medicaid
While reverse mortgages do not affect Medicare or social security income, they can affect local programs such as Medicaid. In Ohio, the proceeds from a reverse mortgage that is received ...
Medicaid and Partnership Long-Term Care Insurance Policies
Each individual state will have the opportunity to help protect Medicaid budgets by implementing Long-Term Care Insurance Policy plans. Requiring that benefits of qualifying insurance policies be paid before Medicaid ...
Understanding Medicaid
Medicaid, established by federal law, is administered by each state individually. Medicaid is considered a long term care payer of last resort for frail seniors, people with health problems, mental ...
Skilled Care vs Custodial Care
Care that is prescribed by a doctor and performed by licensed health care professionals is also referred to as skilled care. Wound care, IV antibiotics and physical therapy after a ...
Understanding Health Insurance: Medicare
A common misconception is that health insurance will pay for long term care. However, most insurance policies are not built this way, including Medicare, Medicare Supplements, HMOs, employer supplied insurance ...