Elder Law Answers
Should You Buy Long-Term Care Insurance with a Long Elimination Period?
Most people are deterred from buying long-term care insurance due to the high cost of the premiums (and the hope that they'll never need it).
Read moreLong-Term Care Insurance
IRS Issues Long-Term Care Premium Deductibility Limits for 2014
The Internal Revenue Service (IRS) is increasing the amount taxpayers can deduct from their 2014 taxes . . . ...
Read morePrice of Long-Term Care Insurance Policy Drops, At Least for 55-Year-Old Males
A healthy 55-year-old man can expect to pay $925 annually for $164,000 in current long-term care insurance benefits, according to the 2014 Long-Term Care Insurance Price Index, an annual report from the American Association for Long-Term Care Insurance, an industry group.
Read more5 Tips on Deciding Whether to Buy Long-Term Care Insurance
One of the most difficult decisions in long-term care planning is whether to purchase long-term care insurance (LTCI) and which of the wide variety of products to purchase.
Read moreParents' Medical History May Make Long-Term Care Insurance More Expensive
Your parents' health could be one of the many factors that long-term care insurance providers take into account when deciding how much to charge you. One major insurer has started rating applicants based, in part, on the applicant's parents' medical...
Read moreStudy Finds That the Need for Long-Term Care Insurance May Be Overstated
A new study by Boston College's Center for Retirement Research indicates that purchasing long-term care insurance makes financial sense for fewer individuals than was previously believed. ...
Read moreLong-Term Care Insurance Premiums Rise Almost 9 Percent
Overall costs for new long-term care insurance coverage increased 8.6 percent compared to one year ago, according to the 2015 Long Term Care Insurance Price Index.
Read moreMedicaid Expansion: What If a State Opts Out?
One of the key provisions of the Affordable Care Act, the new health reform law, gives money to states to expand Medicaid to . . . ...
Read moreDon't Forget About Deducting Your Long-Term Care Insurance Premiums
One of the incentives to buying a long-term care insurance policy is that the premiums are tax deductible. Unfortunately, many people are not taking advantage of this deduction.
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