Long-Term Care Insurance

Most long-term care involves assisting with basic personal needs rather than providing medical care.

Medicaid 101

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.

As more people consider retiring abroad, questions are arising about how an overseas retirement will affect long-term care insurance benefits.

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. ...

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 of the most difficult decisions in long-term care planning is whether to purchase long-term care insurance and which products to purchase. Premiums are high, but it offer more care options than Medicaid planning.

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. Choosing a longer elimination period is one way to reduce premiums.

Often, a married couple will be able to afford coverage for only one spouse. Looking at statistics alone, the wife should purchase the policy. ...

Elderlaw 101

Premiums for "qualified" long-term care insurance policies are tax deductible to the extent that they, along with other unreimbursed medical expenses (including Medicare premiums), exceed a certain percentage of the insured's adjusted gross income. ...

Elderlaw 101