Long-Term Care Insurance

  • With Covid-19 Outbreak, Life/Health Insurers Get Real World Test of Enterprise Risk Management Programs
    With Covid-19 Outbreak, Life/Health Insurers Get Real World Test of Enterprise Risk Management Programs

    Will 'pandemic scenario' preparations, installed after 2007 crisis, work?

    AM Best believes insurers have done well in implementing improved enterprise risk management (ERM) controls since the financial crisis a decade ago, but until the COVID-19 virus outbreak, these changes have not faced a significant test.
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  • New Financial Stress Survey Shows How Workers Deal  with Unexpected Expenses
    New Financial Stress Survey Shows How Workers Deal with Unexpected Expenses

    Voluntary Benefits are One Way Employers Can Offer Alternatives to Credit Card Debt

    Unexpected expenses can derail budgets and send those living paycheck-to-paycheck further into credit card debt. Results of a survey conducted online by The Harris Poll on behalf of Purchasing Power® in December 2019 among 807 U.S. adults who are employed full-time reveals that 83% of full-time employed Americans faced an unexpected expense in the last…
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  • The Ballooning Costs Of Long Term Care
    The Ballooning Costs Of Long Term Care

    14 million people need long-term care today; By 2030 that will be 24 million

    An estimated 14 million people in the United States currently need long-term support services.[1] According to the Department of Health and Human Services (HHS), 7 in 10 seniors reaching 65 years old are now expected to need some type of long-term care (LTC) before the end of their life.
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  • LIMRA Establishes Data Exchange Standards for Non-Medical Workplace Benefits
    LIMRA Establishes Data Exchange Standards for Non-Medical Workplace Benefits

    A  new standard for data-exchange

    LIMRA today released the first set of data exchange standards focused on post-enrollment data for the employee benefits market.
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  • Trends That Will Shape Senior Care in 2020
    Trends That Will Shape Senior Care in 2020

    Challenges and opportunities of a rapidly changing industry

    Health Dimensions Group (HDG), a leading post-acute, long-term care, and senior living consulting and management firm recently published “2020 Top Trends In Aging Services: Preparing For Historic Changes,” a strategic resource for senior care organizations working to achieve success in the coming year.
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  • U.S. Medicare Supplement Continues to Gain Popularity
    U.S. Medicare Supplement Continues to Gain Popularity

    Net premiums rise 55% 20 $30 billion

    Net premiums earned for the Medicare supplement insurance line of business have risen 55% since 2011 to $30 billion annually, in line with growth in the senior population and the expansion of other Medicare-related products during this timeframe, according to a new AM Best report.
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  • How One Advisor Lost a Client Over a Very Simple Housing Wealth Question
    How One Advisor Lost a Client Over a Very Simple Housing Wealth Question

    Should you be talking to your clients about reverse-mortgage strategy?

    by Don Graves, RICP®, CLTC®, Certified Senior Advisor, CSA®

    Earlier this year, an advisor friend called me to say that his client had just cussed him out over a reverse mortgage situation. Here’s what happened. Joe and Mary Johnson (age 65) had been clients of David Wilson, CFP for the last 15 years.
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  • Increased 2020 Tax Deductible Limits For Long-Term Care Insurance Announced
    Increased 2020 Tax Deductible Limits For Long-Term Care Insurance Announced

    Sloan: A 'great subsidy,' especially after retirement

    The just announced increased 2020 tax deductible limits can be a significant benefit for those with tax-qualified long-term care insurance policies according to the American Association for Long-Term Care Insurance(AALTC).
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  • Consumers Should Avoid These Misconceptions About Paying and Planning for Long-term Care
    Consumers Should Avoid These Misconceptions About Paying and Planning for Long-term Care

    While customers and financial professionals agree on the importance of planning for long-term care, the proper steps are not being taken

    Planning for long-term care needs has become an increasingly important topic as the population ages and people are living longer. While the effects of a life-changing health event could impact the entire family, research released by Lincoln Financial Group during Long-Term Care Awareness Month (November) shows that consumers don’t know the entire truth about long-term…
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  • Older Patients And Caregivers Unaware Of Care Options Designed To Alleviate Challenges Of Aging
    Older Patients And Caregivers Unaware Of Care Options Designed To Alleviate Challenges Of Aging

    New  survey finds many incorrectly believe depression, dementia and lack of mobility are inevitable

    Care of older adults is mired in misinformation, with most older patients and caregivers mistakenly believing that sharp declines in quality of life are inevitable, according to a new survey from WebMD and The John A. Hartford Foundation.
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  • Aging & The Burden Of Care
    Aging & The Burden Of Care

    Skyrocketing care costs may make the dream of aging at home more challenging

    The fastest-rising long term care costs are no longer for the most skilled care – in a facility, they're now for the least-complex care – at home, according to Genworth's latest 2019 Cost of Care Survey results, announced today.
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  • Has Affordable Care Finally Gained Traction?
    Has Affordable Care Finally Gained Traction?

    Americans Settle in During Healthcare Uncertainty

    Six years after Health Insurance Exchanges were first launched as a result of the Affordable Care Act (ACA), Americans report they are largely satisfied with their healthcare options, according to a survey of 3,760 adults ages 18-64 in August 2019 by national nonprofit Transamerica Center for Health Studies® (TCHS).
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  • Less than Half of Employers Offer Benefits to Nontraditional Workers
    Less than Half of Employers Offer Benefits to Nontraditional Workers

    Despite recognizing this risk, more than 7 in 10 plan to continue gig work in the future

    Gig work, like being an Uber driver or freelance writer, has become more commonplace. LIMRA research shows 26% of all U.S. workers participate in gig work either as their primary job or as a secondary source of income and almost three quarters of these workers believe they will continue working in this capacity over the…
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