Paying for Long-Term Care: The Life Insurance and Annuity Alternatives
Many people think about dedicated long-term care insurance as the only way insurance can pay for long-term care. However, life insurance and annuities provide alternatives also…
Read MoreLong-Term Care Insurance: Let’s Cover the Basics
Shopping for long-term care insurance can be a complex process. There are many “moving parts,” so consumers need to educate themselves on finding the right policy for their situation. Think carefully about what you want out of a long-term care…
Read MorePaying for Long-Term Care: Government Programs
In my last Sixty and Me blog, Paying for Long-Term Care: What Are the Options? I noted there are three sources of money to pay for long-term care: Your own money, government sources, and Insurance. This blog will cover more details about using…
Read MorePaying for Long-Term Care: What Are the Options?
In my last Sixty And Me blog, Do You Need a Long-Term Care Plan? I noted there are three sources of money to pay for long-term care: your own money, government sources and insurance. Let’s look at the options we have when it comes to long-term care…
Read MoreDo You Need a Long-Term Care Plan?
Financial planning for retirement frequently ignores a huge subject area: planning for potential long-term care costs. Studies show that well over half of today’s 60-year-olds will eventually require some sort of long-term care. Yet, only about half of us…
Read MoreA Guide to Medicare, Medicaid, Medigap and Long-Term Care Insurance
The cost of medical care can be financially crippling for many Americans. This is one reason why many people experience extreme stress thinking about how they will be able to afford necessary medical care…
Read MoreGranny Cams and Care Homes – Should You? Can You?
I was watching the news recently and heard that a local group here in the Charlotte, NC area, Seniors of Urban Living, was pushing North Carolina state lawmakers to sponsor a bill allowing families to monitor their loved ones in nursing home…
Read More9 Ways Solo Agers Can Create a Care Plan that Really Works
In a previous article, Building an Aging Alone Plan, I pointed out that living alone as we get older doesn’t support optimal health. And, if we’re smart, we’re building a strategy to create support and close ties. Another common theme…
Read MoreMedigap – Plugging Holes in Original Medicare
As I mentioned in my earlier Sixty and Me blogs, Original Medicare (Part A and Part B ) covers most costs for hospital and doctor fees. However, there are some “gaps.” Most importantly, under Original Medicare, there are no limits on out-of-pocket expenses…
Read MoreMedicare Part B – What You Need to Know
Medicare Part B, along with Medicare Part A, make up what is called Original Medicare. As I noted in my previous Sixty and Me blog, Medicare Part A covers inpatient care in a hospital and skilled nursing facility, hospice care and home healthcare…
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