Factors Affecting Long-Term Care Insurance Rates

Factors Affecting Long-Term Care Insurance Rates

Long-Term Care Insurance Rates The rates you pay depend on a variety of things, including: Your age and health: The older you are and the more health problems you have, the more you will pay when you buy a policy. Gender: Women generally pay more than men pay because...
LTC Tip Pay for Long Term Care with Tax Free Dollars

LTC Tip Pay for Long Term Care with Tax Free Dollars

LTC Tip: Pay for Long Term Care with Tax Free Dollars Did you know that long term care (LTC) insurance premiums may be paid for with tax free dollars? Contributions to an Health Care Savings account (HSA) have increased by 7% in 2024. A single person can contribute up...
Aging Population and Increasing Long-Term Care Needs

Aging Population and Increasing Long-Term Care Needs

Increasing Long-Term Care Needs The aging population means a huge wave of people needing long term care. Unfortunately for state budgets, more than half will qualify for the state’s long term care plan: Medicaid and Medi-Cal. New laws will soon be passed to pay...
The Magic of Insurance

The Magic of Insurance

The Magic of Insurance: Fourteen months ago, Goodwins and Sons Market’s roof collapsed under the weight of the snow. It was the only grocery store in Crestline, California. Population about 10,000. In just over a year, its back serving the community better than...
The Negative Cost of Waiting to Purchase LTCI

The Negative Cost of Waiting to Purchase LTCI

The Cost of Waiting! One of the more common excuses for not purchasing long term care policy is to wait a year or two when their budget is more flexible (spoiler alert: it never will be). A couple I have been working with (she’s 56 and he’s 54) have all...

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