State, National Nursing Home Caregivers: Medicare Funding Cut to …

State, National Nursing Home Caregivers: Medicare Funding Cut to Long Term … Reuters State, National Nursing Home Caregivers: Medicare Funding Cut to Long Term Care Will Jeopardize Vital Staffing Positions, Compromise Care for Maine …

Cost of long term care in Colorado estimated

The Federal Long Term Care Insurance Program office has estimated long – term health care costs for self-employed business owners in Colorado.

Long Term Care Insurance Coverage Question Regarding Penn Treaty Liquidation

I am still learning much about the Internet.

Penn Treaty May Need More Than $1 Billion for Claims

Many long-term care insurance agents have clients who they placed with Penn Treaty and others have asked to be kept aprised.

New Tax Changes Provide More Long Term Care Insurance Options …

Americans will soon have more tax-advantaged options for long term care insurance protection according to the American Association for Long Term Care Insurance.

Pennsylvania Insurance Department Petitions to Place Penn Treaty Into Liquidation

October 2, 2009.

Americans Fail Long Term Care Insurance Planning Quiz

When it comes to knowledge about long-term care insurance planning, Americans once again received a failing grade.

Baby Boomers and Long Term Care, Long Term care Insurance, Long …

Long term care insurance and long term care insurance quote at longtermcareinsurance-guide.com is your source for expert information about long term care insurance by those who are in the field.

How To Reduce Long Term Care Insurance Premiums

How much you’ll pay for long-term care insurance is based on three factors. Your age when you apply, how much protection you want and your health when you apply. Where you live today and where you plan to retire also play a part. But here is information that’s most important for Los Angeles, CA residents. Your long-term care insurance can be far more reasonable than you think. Let me share a few ways people I advise significantly reduce the cost of long-term care insurance. Before I share, I thought the following statistic from the American Association for Long-Term Care Insurance (http://www.aaltci.org) that was especially interesting. In 2008, individuals between the ages of 55 and 59 paid as little as $844-a-year for LTC insurance protection. The maximum paid by someone in this age range was $6,939. So, how can one reduce the cost? Start by considering a policy that might protect a specific amount of your savings and assets. The coverage you buy today can increase in value over time. So, a policy that provides $115,000 of protection today can grow to $305,000 in 20 years. If you are married, some long-term care insurance policies allow one spouse to access the other spouse’s benefit pool. That’s an option well worth looking into. Consider adding a deductible to your long-term care insurance policy. Most people have a deductible on their car insurance and their homeowner’s policy. When it comes to long-term care insurance, adding a deductible will significantly reduce the cost and the majority of people select a 90-to-100 day period. You’ll save as much as 20 percent yearly. Finally, know that costs vary significantly from one long-term care insurance company to another. Members of the industry’s long-term care insurance association and they share enormous information. Once a year AALTCI undertakes a Price Index Study and the costs for almost identical coverage can vary by as much as 100 percent depending on your age and marital status. If you’d like to learn more on long term care insurance please take a moment to call the Association at 818-597-3227 or E-mail us at mailto:info@aaltci.org . We will get you in touch with an area professional who can provide free information without any obligation. Thanks for reading our blog today we really appreciate it.

Long-Term Care Insurance Association Commends U.S. Congressman

Los Angeles, CA – August 6, 2009 – The American Association for Long Term Care Insurance commended U.S. Representative Rodney Alexander (R – LA) today for his leadership and efforts to encourage Americans to take personal responsibility for long-term care planning. “The Congressman’s comments recommending tax deductions for individuals purchasing long-term care insurance creates an enormous incentive for people to consider this protection,” states Jesse Slome, Executive Director of the national professional organization. “When more Americans plan, the nation avoids an unsustainable liability that will fall on all taxpayers.” According to Association data, some 8.25 million individuals currently own long-term care insurance. “The Congressman’s proposal could rapidly double the number of people protected,” Slome notes. Social Security and Medicare have promised $42.9 trillion more in benefits to senior and disabled workers than the programs will be able to pay, according to a new report by the Heritage Foundation. “The Congressman understands that Americans must plan for their own future and that a tax incentive is a small price to incent action,” Slome adds.“Increased life expectancy, coupled with the rapidly aging baby boomer generation forces more Americans to face the challenges of caring for either themselves or their loved ones,” Congressman Alexander remarked. “To ease the burden and encourage taxpayers to take steps towards securing long-term care, I have introduced the Sunset of Life Protection Act of 2009 (H.R. 1891). This legislation seeks to provide individuals a 50 percent non-refundable tax deduction on the cost of long-term care insurance costs.” “My intention is to minimize the need for individuals to rely on public resources in their later years by taking measures now to ensure a comfortable and complete long-term care coverage package,” he added. “As Congress looks for ways to improve the affordability and availability of quality health care for all Americans, this is an option to lessen the costs of tomorrow by investing in insurance today.” The American Association for Long-Term Care Insurance is the national organization serving insurance and financial professionals who market LTC solutions. The organization was founded in 1998 and is headquartered in Los Angeles.

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