Comments on: The Hard Facts of Long-Term Care Insurance http://queercents.com/2007/08/21/the-hard-facts-of-long-term-care-insurance/ We're here, We're queer, and We're not going Shopping without Coupons Wed, 10 Mar 2010 04:23:21 -0700 http://wordpress.org/?v=2.9.1 hourly 1 By: Queercents » Blog Archive » Four Tough Questions about Aging Parents… And Step Parents http://queercents.com/2007/08/21/the-hard-facts-of-long-term-care-insurance/comment-page-1/#comment-162110 Queercents » Blog Archive » Four Tough Questions about Aging Parents… And Step Parents Thu, 25 Sep 2008 12:17:09 +0000 http://www.queercents.com/2007/08/21/the-hard-facts-of-long-term-care-insurance/#comment-162110 [...] are resources on this blog. Nina has written about long term care insurance, for example—but I’m interested in readers’ opinion as [...]<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-162110">0</span> <small>(to vote for this comment, please visit the site)</small></p> [...] are resources on this blog. Nina has written about long term care insurance, for example—but I’m interested in readers’ opinion as [...]

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]]> By: Queercents » Blog Archive » Elder Care Costs - A Total Black Hole? http://queercents.com/2007/08/21/the-hard-facts-of-long-term-care-insurance/comment-page-1/#comment-129624 Queercents » Blog Archive » Elder Care Costs - A Total Black Hole? Thu, 22 May 2008 13:47:18 +0000 http://www.queercents.com/2007/08/21/the-hard-facts-of-long-term-care-insurance/#comment-129624 [...] All sarcasm and personal opinion aside, what do you need to consider? Here are some of the “Hard Facts of Long Term Care Insurance” as presented by guest writer Laurie Flynn at Queercents: Who is a suitable candidate for long-term [...]<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-129624">0</span> <small>(to vote for this comment, please visit the site)</small></p> [...] All sarcasm and personal opinion aside, what do you need to consider? Here are some of the “Hard Facts of Long Term Care Insurance” as presented by guest writer Laurie Flynn at Queercents: Who is a suitable candidate for long-term [...]

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]]> By: vh http://queercents.com/2007/08/21/the-hard-facts-of-long-term-care-insurance/comment-page-1/#comment-59846 vh Wed, 22 Aug 2007 14:05:46 +0000 http://www.queercents.com/2007/08/21/the-hard-facts-of-long-term-care-insurance/#comment-59846 Everyone should have long-term care insurance. A car wreck or serious illness can put a young person in a nursing home as surely as old age can do the same for seniors. Nursing care costs many hundreds of dollars a day. Government programs such as Medicaid and its state-run iterations will not cover you until you have spent every penny you have--and that includes selling your home and using up the equity. If you have divested some of your assets--for example, by giving money to your kids or your partner--at any time in the five years preceding your disability, you can be disqualified for government aid. Caring for an incapacitated person who needs to be lifted out of bed for bathing and cleaned up like an infant is not something an elderly partner can be expected to do, nor is it likely an adult child can quit her or his job to take care of you. But: be careful. There's a lot of fraud in this industry. Check out this site before buying: http://www.aoa.gov/naic/longterminsurance.html<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-59846">0</span> <small>(to vote for this comment, please visit the site)</small></p> Everyone should have long-term care insurance. A car wreck or serious illness can put a young person in a nursing home as surely as old age can do the same for seniors. Nursing care costs many hundreds of dollars a day. Government programs such as Medicaid and its state-run iterations will not cover you until you have spent every penny you have–and that includes selling your home and using up the equity. If you have divested some of your assets–for example, by giving money to your kids or your partner–at any time in the five years preceding your disability, you can be disqualified for government aid. Caring for an incapacitated person who needs to be lifted out of bed for bathing and cleaned up like an infant is not something an elderly partner can be expected to do, nor is it likely an adult child can quit her or his job to take care of you.

But: be careful. There’s a lot of fraud in this industry. Check out this site before buying: http://www.aoa.gov/naic/longterminsurance.html

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]]> By: The Simple Dollar » The Simple Dollar Morning Roundup: Early Cold Edition http://queercents.com/2007/08/21/the-hard-facts-of-long-term-care-insurance/comment-page-1/#comment-59839 The Simple Dollar » The Simple Dollar Morning Roundup: Early Cold Edition Wed, 22 Aug 2007 13:31:24 +0000 http://www.queercents.com/2007/08/21/the-hard-facts-of-long-term-care-insurance/#comment-59839 [...] The Hard Facts of Long Term Care Insurance I think long term care insurance is something everyone should know about. That being said, I feel that the laws in the United States regarding terminally ill patients or patients with conditions that will never improve are deplorable. You can take that for what you will. (@ queercents) [...]<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-59839">0</span> <small>(to vote for this comment, please visit the site)</small></p> [...] The Hard Facts of Long Term Care Insurance I think long term care insurance is something everyone should know about. That being said, I feel that the laws in the United States regarding terminally ill patients or patients with conditions that will never improve are deplorable. You can take that for what you will. (@ queercents) [...]

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]]> By: Laurie Flynn http://queercents.com/2007/08/21/the-hard-facts-of-long-term-care-insurance/comment-page-1/#comment-59813 Laurie Flynn Wed, 22 Aug 2007 11:32:41 +0000 http://www.queercents.com/2007/08/21/the-hard-facts-of-long-term-care-insurance/#comment-59813 Joan, LTC insurance is different from disability insurance in that disability insurance is meant as an income replacement insurance. LTC is more akin to health insurance in that its purpose is to cover the cost of the medical care and facility services. However, standard health insurance policies do not cover long-term care facilities or in-home care. As a general rule of thumb once you leave a hospital and go to a rehab center, nursing home or need skilled care at home, is when the LTC policy would begin to pay. Medicare covers the first few days then this care becomes out of pocket to the patient. Disability insurance can be provided by an employer or private purchase but is intended to provide a percentage of the person's income in a tax-free form. Please do not hesitate to contact me with further questions via Queercents or directly at (800) 624-0292 Ext. 2315.<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-59813">0</span> <small>(to vote for this comment, please visit the site)</small></p> Joan, LTC insurance is different from disability insurance in that disability insurance is meant as an income replacement insurance. LTC is more akin to health insurance in that its purpose is to cover the cost of the medical care and facility services. However, standard health insurance policies do not cover long-term care facilities or in-home care. As a general rule of thumb once you leave a hospital and go to a rehab center, nursing home or need skilled care at home, is when the LTC policy would begin to pay. Medicare covers the first few days then this care becomes out of pocket to the patient. Disability insurance can be provided by an employer or private purchase but is intended to provide a percentage of the person’s income in a tax-free form. Please do not hesitate to contact me with further questions via Queercents or directly at (800) 624-0292 Ext. 2315.

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]]> By: Joan http://queercents.com/2007/08/21/the-hard-facts-of-long-term-care-insurance/comment-page-1/#comment-59660 Joan Tue, 21 Aug 2007 17:07:10 +0000 http://www.queercents.com/2007/08/21/the-hard-facts-of-long-term-care-insurance/#comment-59660 How does long-term care insurance differ from disability insurance?<p class="top-comments">Current score: <span class="top-comments-karma" id="karma-59660">0</span> <small>(to vote for this comment, please visit the site)</small></p> How does long-term care insurance differ from disability insurance?

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