• Will my children be able

    to afford the care I need?


Unwanted Prescription Drugs? Dispose at a Take Back Day!

Do you or your elderly loves ones have expired or unwanted prescription drugs taking up valuable bathroom and kitchen cabinet space? This can become a safety issue if small children or pets get into them, or if someone else takes them for recreational use. Luckily Saturday, April 27, 2019 from 10am to 2pm is National Prescription Drug Take-Back Day. This is the DEA’s event which provides an opportunity for Americans to prevent drug addiction and overdose deaths. Continue reading

Short-Term Care Insurance May Be Alternative You’re Looking For

When you consider a long-term care (LTC) insurance policy, do you find yourself thinking any of these things?

  1. LTC insurance is too expensive.
  2. I have too many health issues for LTC insurance.
  3. I was declined for an LTC insurance policy.
  4. I’m too old for LTC insurance.
  5. I can’t believe LTC insurance charges more for women.

If so, then short-term care (STC) insurance may just be the alternate answer you’re looking for. Continue reading

Will today’s LTC Insurance Policies experience Rate Increases?

If you purchase a long-term care insurance (LTCI) policy today, your odds of receiving a rate increase in the future are much less than in year’s past. The American Association for Long-Term Care Insurance (AALTCI) polled close to 80 long-term care (LTC) industry actuaries and found that 79.1% of them believed the likelihood of a future rate increase on presently priced policies was 10% or less. 12.5% of the actuaries believed there was a 20% chance for an increase, 4.2% said 30-40%, and 4.3% said 50% or more. AALTCI Director Jesse Slome said he believes the risk of a future rate increase is zero. Continue reading

How a Bucket List will Improve your Retirement

I celebrated my birthday last month. Not a significant one by any means, but still a nice chance for some reflection and retrospection. In two years I have a big birthday. You know, one of those decade milestones. I find myself wanting to create a bucket list, something to lead up to the event, and then a reason to celebrate. Which got me thinking maybe I should create a new list every decade, always have some new adventure on the horizon, something to work towards, yet attainable. I believe creating a bucket list can improve your life and your retirement. Continue reading

How does long-term care insurance work with health insurance?

How does

Today is the first day of spring. The sun is shining, the birds are chirping, and the flowers are blooming. It’s a beautiful time of year… to think about long-term care (LTC) planning! Some of you may be wondering, “Does my health insurance pay for my LTC needs?” Or, “Does my long-term care insurance (LTCI) pay for my medical needs?” The short answer is, unfortunately, not necessarily. Both insurances are important, but they cover very different things. Continue reading

Washington State Considering Publicly Funded Long-Term Care Insurance

Washington may soon be the first state to have a long-term care insurance (LTCI) program that is publicly funded. A measure, called the Long-Term Care Trust Act, is waiting to be approved by the Senate and would be funded through a payroll tax. If this passes Washingtonians who were vested and needed help with three activities of daily living such as eating, dressing and toileting, would be eligible for $36,500 of benefits, $100 a day. The program would begin in 2022. Continue reading

HSA Account Can Pay for Long-Term Care Insurance Premiums

By now you’ve probably heard that 15 million Americans are expected to need long-term care (LTC) by 2050 and 52% of people over the age of 65 will need LTC in their lifetime. Maybe you’ve considered talking to your financial advisor or someone who specializes in long-term care insurance (LTCI). Perhaps you’re still concerned about the cost of an LTCI policy dipping into your budget. Did you know that you can use your Health Savings Account (HSA) to pay for LTCI premiums? Continue reading