CategoryLong Term Care

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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