What Exactly Does Long-Term Care Insurance Cover?
Long-term care needs aren’t covered under traditional insurance, which is why many opt to secure supplemental long-term care insurance. It’s designed to help pay for care when you need ongoing assistance with daily activities, supervision, or additional support. This could be due to age, illness, injury, disability, or cognitive decline. While the exact coverage depends […]
Moving Out of Washington? What Happens to Your WA Cares Benefits
The WA Cares Fund allows residents to contribute to their potential long-term care needs, making it more accessible. However, many Washington residents may wonder what happens to their benefits if they retire, relocate, or take a new job in another state. Thankfully, the rules have recently changed, allowing qualifying residents to take their benefits with […]
The Best Age to Buy LTC Insurance & Why Waiting Gets Expensive
Long-term care insurance is easier to qualify for – and usually more affordable – when you purchase your policy before major health changes happen. Many people begin seriously shopping for LTC policies in their 50s and early 60s, but the right time may be sooner. The best age to buy LTC insurance depends on your […]
How to Choose a Long-Term Care Benefit Period
Deciding to purchase long-term care insurance is a great first step, but it’s only the beginning. Now, you have to decide the best terms for you, including the benefit period. Long-term care insurance benefit periods determine how long the policy may pay for your care once you qualify for coverage. Common options include two-, three-, […]
Can My Company Offer Long-Term Care Solutions? Options for Small Businesses
When it comes to benefits, most employees turn to their employers first to see what is available. They trust them to offer reliable options that both protect their families and their future savings. That includes traditional healthcare benefits, but also supplemental options like long-term care solutions. With the rising cost of care, long-term care planning […]
LTC Insurance for High Earners: Protecting Savings & Retirement Income
High-earners often spend years building their wealth, diversifying their portfolio with savings, investments, retirement accounts, real estate equity, estate plans, and more to leave behind a legacy for their loved ones. Unfortunately, that legacy could become at risk if you need long-term care. Many think they can fund their care out of pocket, but that […]
How to Talk to Parents About Long-Term Care Planning
Watching your parents getting older is hard, and having conversations about their long-term care plans can be even harder. Many parents will feel defensive, in denial that they may need help. It’s an emotional conversation that can be difficult for everyone involved. Your parents may not want to admit that they can’t take care of […]
Long-Term Care in New Mexico: Rural Care Access and Planning Options
Long-term care planning is essential to ensure we can afford the care we need as we get older. Yet, securing long-term care can be challenging, especially if you live in more rural parts of the United States and New Mexico. Families may have limited options, fewer nearby providers, and caregiver shortages that impact their care. […]
Long-Term Care in Nevada: Las Vegas vs. Reno Cost Differences
Securing long-term care in Nevada can be attractive to many. However, advanced planning is often required to make it a reality. There are many factors that can affect the cost of long-term care, including where you want to live, the types of services you want to receive, the level of care you require, and more. […]
Home Care vs. Assisted Living Costs in Arizona: What to Expect
With so many different types of long-term care available, it’s critical that you plan early. Advanced planning will help you secure your preferred care and ensure you can afford it when it comes time to receive services. In-home care, assisted living facilities, and memory care facilities all carry different costs for Arizona residents. It can […]