Long-Term Care Insurance

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...

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.

The Internal Revenue Service (IRS) is increasing the amount taxpayers can deduct from their 2014 taxes . . . ...

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).

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

Long-term care is expensive and only getting more so. That is why everyone needs to consider buying long-term care insurance, according to this book that explains exactly how long-term care insurance works and why it should part of any financial...

When you buy long-term care insurance years before you need it, you are taking a gamble that the company will still be around when it is time to pay out. But what happens if the company goes out of business?...

Elderlaw 101

A class action lawsuit has been filed in Oregon against Bankers Life and Casualty Co., charging that the long-term care insurer is guilty of elder abuse in denying and delaying payment of insurance claims.