Blog - Page 10 of 11

Stay Golden: Long-Term Care Planning for the Unknown

We are pleased to introduce our new #StayGolden campaign, sharing real life stories from GoldenCare customers and their family experiences with long-term care planning. Our goal with this initiative is to highlight stories of those who’ve benefitted from planning ahead and others who have found themselves in difficult situations stemming from lack of coverage. Stay Golden: Planning for the Unknown “Early … Continue reading "Stay Golden: Long-Term Care Planning for the Unknown"

I put my father in a nursing home at age 98. Then I brought him home.

Hooties Take: With LTC insurance, this woman would have had the option to keep her dad at home and hire an in-home caregiver or she could have gotten paid cash benefits for caregiving for her own father. For years, and especially as he entered his 90s, my father had begged me not to “dump” him … Continue reading "I put my father in a nursing home at age 98. Then I brought him home."

The Top 10 Reasons Why People Choose Long-Term Care Insurance

Actuarial studies show that due to increasing advancements in Medical Science, which bring a longer life span, more than 70% of people over age 65 will need Long-Term Care services at some point in their lives according to a study by the U.S. Department of Health and Human Services. I cannot depend on Medicare to … Continue reading "The Top 10 Reasons Why People Choose Long-Term Care Insurance"

2015 Cost of Long-Term Care Services

Here’s Why You Need to Know The cost of Long-Term Care services differs greatly depending on where you live. For example, the national average cost for a semi-private nursing home room is $233 per day. Yet costs range from $151 per day in Texas to $474 per day in Alaska. So you can see why it’s important … Continue reading "2015 Cost of Long-Term Care Services"

Sandwich Generation Worried About Own Long-Term Care

Hootie’s Take: Evidence that caregivers are prime candidates for Long-Term Care insurance having experienced the amount of time, effort and money it requires to care for a loved one. WASHINGTON (AP) — Caught between kids and aging parents, the sandwich generation worries more than most Americans their age about how they’ll afford their own care as they grow … Continue reading "Sandwich Generation Worried About Own Long-Term Care"

7 Things You Really Need To Know About Medicare But Probably Don’t

Hootie’s Take: Navigating Medicare can be very confusing. This piece is a good read for consumers. Many people think that when they turn 65, they’ll be eligible to skate down Medicare Boulevard, relying on the federal system to take care of their every medical need forever more. They’d be wrong, wrong, wrong. Here are seven things proving … Continue reading "7 Things You Really Need To Know About Medicare But Probably Don’t"

Big Strides in Cancer Treatment Will Increase Long-Term Care Needs

Hootie’s Take: Call it the irony of longevity. As we live longer, we may die slower. Cancer researchers are closer than ever to achieving their long-held dream of turning the disease from a death sentence to a chronic illness. This would be a remarkable scientific achievement. But while people may soon routinely live decades with … Continue reading "Big Strides in Cancer Treatment Will Increase Long-Term Care Needs"

Seven Retirement Gaps And What To Do About Them

What do we expect to happen as we age, and how do our ideas about retirement planning change? New research on post-retirement risks by the Society of Actuaries identifies where the knowledge gaps and how we can do better.

Long-Term Care: Challenges and Changes

No one really likes to think about needing long-term health care services. But the reality is that each year, an estimated 12 million Americans need some type of long-term care.1 Are you prepared? While it used to be that families cared for their aging relatives because there was no other option, today’s elderly increasingly rely … Continue reading "Long-Term Care: Challenges and Changes"

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