CategoryLong Term Care

Why You Should Keep Tailoring Your Health Coverage

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“The only sensible person is my tailor. He measures me anew each time he sees me.” —George Bernard Shaw Medical coverage is not one size fits all. Your age, state of health, lifestyle, geographic location and financial situation are some of the factors involved in deciding which supplemental policies you might need to fill in the gaps, since Medicare doesn’t pay for premiums...

Long-Term Care: A Lesson in Asking for Help

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While many of us are good at giving help, asking for it is another story. We think it’s uncool. We’re afraid we’ll appear weak, give up control, or be a burden. None of these assumptions, of course, is true. Here’s the reality: • Asking for help is an act of intelligence. It’s a win-win—for you and for the helpers who live to help people like you. • Control is an...

Don’t Make Assumptions, Especially About Medicare

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In The Four Agreements, the popular book by Don Miguel Ruiz, the third agreement is: Don’t make assumptions. “Find the courage to ask questions and to express what you really want,” he writes. “Communicate with others as clearly as you can to avoid misunderstandings, sadness and drama. With just this one agreement, you can completely transform your life.” Let’s...

When It Comes to Medicare, Ignorance is Definitely Not Bliss.

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In a recent poll by Eligibility.com, about half of the respondents believed that Medicare is free when they turn 65. Not even close. Premiums, deductibles, and copays—with no out-of-pocket maximum—could put a big dent in your retirement savings. “I’d say a full third of people we talk to, who are just starting to do their research, are surprised—even flabbergasted—that they have to pay anything...

News Flash: You’re Not Invincible

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When you turn 65, you have a 70% chance of requiring long-term care at some point. The good news? A long-term care policy could save you hundreds of thousands of dollars, protecting your life savings and reducing the financial, mental and emotional stress on your children. And the sooner you enroll, the more you’ll save. Premiums decrease dramatically if you start early. For example, if you...

Long-Term Care: Clarifying an Uncomfortable Topic That Reaches Nearly Everyone

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Long-term care expenses are often inevitable and always difficult to discuss. No one wants to envision themselves needing it. Yet, according to research by the U.S. Department of Health and Human Services, 70% of those age 65 and higher will need some form of long-term care. And paying out of pocket is not in the cards for most of us, since the median cost for a private nursing home room is over...

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