Long-Term Care Insurance: A Short Assessment

In my quest to help elders get the care they need and still live at home, another possible solution is long-term care insurance.  Let’s discuss the pros and cons of this approach.

First of all, long-term care insurance has become very expensive.  That’s because many insurance companies suffered losses on policies written in...

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Are You Caring for Someone Who Wanders?

CMS (the agency that manages Medicare and Medicaid) recently put out this interesting FAQ piece on wandering. The piece is aimed at managers of day programs and assisted livings, but there are a lot of useful nuggets in here for people who are caring for loved ones still at home who tend...

Long-Term Care Insurance Tax Deductions

Thinking about long-term care insurance (LTCI)? Hesitant because it is expensive?  Did you know that you might be able to deduct some of the premium on your taxes? If you are an itemizer, then you can take deductions as follows (2013 figures): Attained age in tax year Limitation on premiums Age 40 or...
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