Search Results for: blog long term care insurance policy features to look for

What is Long Term Health Care Insurance?

Long term health care insurance is a specific kind of health insurance, designed to help cover some of the costs that are incurred when a person needs long term health care. You may need this type of insurance if you, or a family member, needs hospice care, assistance with day to day activities, or has Alzheimer’s or other serious illnesses or diseases. Long term health care insurance may cover some medical bills that Medicare does not cover. The cost of this insurance will vary depending on provider, and also on which type of policy you choose. You will need to … Continue reading →

The Pros and Cons of Hospice Care

Recent articles in the New England Journal of Medicine report that Americans are not taking advantage of high quality hospice care at the end of life. One author from Harvard Medical School points out that only a third of Americans are under hospice care when they pass away. High quality hospice care is intended to help a terminally ill person deal with pain and live the best life possible in their final days. Emotional support is just as important as medical support during this time. A recent survey found that almost all families who had experienced hospice care would strongly … Continue reading →

Insurance Blog Week In Review November 14-20, 2006

It seems like the right time for the Insurance Blog “week in review” to kick off! For me insurance has been like gum stuck on the bottom of my shoe, I started insurance in 1982 when I was 19-years-old. When I started there were no computers, agents rated manually–with paper, pencil and calculators. I was able to see how each policyholders rate was calculated, and why everything actually made a difference. My first job with insurance was a wonderful experience, I worked with a man who was an ex-motorcycle “member?”–gone right. When I gave birth to my oldest child, my … Continue reading →

Long-Term Care Insurance Policy Features to Look For

If you have been following this series of blogs and are here then it’s likely you have decided long-term care insurance may be a good option for you or a family member. A few more things to remember before purchasing a policy: A policy That requires the insured person to be no longer able to perform more than two activities of daily living. One of these activities should be bathing. The U.S. Department of Health and Human Services 1999 National Nursing Home Survey, reported 94% of nursing-home residents need help with bathing. A policy with coverage for care not only … Continue reading →

What Age Is Right To Purchase Long-Term Care Insurance?

I started this series of Blogs about Long-Term Care Insurance by pointing out the fact that most of us will face a situation either in our own lives or with the life of someone we love where we have to consider making choices about long-term care needs. Insurance is about protecting our assets from catastrophic loss due to a cause specified. Some of our parents and even ourselves are in situations where we can cover the costs of long-term care and some of us have the means to provide care for our aging parents. Depending only on Medicare or Medicaid … Continue reading →

What to Look For Before Purchasing A Long Term Care Insurance Policy

In this series of Blogs, we have reviewed the fact that choices often need to be made when someone is no longer able to care for him or herself. With the statistics indicating more 70% of those reading this Blog will eventually need some kind of long term care as we age, and nearly all of us will be responsible for the long term care of someone we love we have looked at some of the aspects of Long-Term Care Insurance. There are so many different long-term care insurance plans and insurance companies and carriers offering policies, it’s important to … Continue reading →

Long-Term Care Insurance Options To Consider

In this series of Blogs we have been looking at Choices, families have when a member is no longer able to care for him or herself. We have looked at the history of Long Term Care Insurance and considered the risky nature of these policies verses the fact this is the only option for insurance families have to cover the catastrophic costs of long-term care for our parents and ourselves in the future. The fact is that more than 70% of those reading this Blog will live to retirement age and will need long term care at some time in … Continue reading →

What is Long-Term-Care Insurance?

Long term care is the kind of care needed when someone can no longer perform everyday tasks or manage activities of daily living by themselves. Long term care is not the kind of care intended to cure, or rehabilitate a person,it’s the kind of care someone needs when suffering a chronic illness, debilitating injury, unrecoverable disability or end of life aging. Generally, long term care includes supervision someone might need because of a sever cognitive impairment such as Alzheimer’s disease. It’s care someone may need for the rest of their life. Our parents and we ourselves may face a time … Continue reading →

What Choices Are There When Someone Can’t Take Care of Themselves Any Longer?

What if your parents can’t take care of themselves when they are old? Worse, what if you can’t take care of yourself when you are old? There are many options and resources we can choose when we face caring for an aging parent or considering our own futures: Children provide care for their elderly or disabled parents in their home or in their parents home. A home-health care service can be arranged. Adult Day Care Centers Assisted-living facilities Nursing Homes. The huge problem is paying for the kind of help, we would want for our parents or for ourselves. In … Continue reading →