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
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
Caregiving can be a challenging role for anyone. It’s often filled with unexpected challenges, including physical and emotional turmoil leading to poor health.
When you become a primary caregiver to an aging loved one, their well-being becomes top priority. However, your health and vitality are just as important. Taking time for respite care will help you stay healthy and strengthen your abilities as a caregiver.
If you’re looking for respite care services and programs to give yourself a break, consider these options. Continue reading
Do you own an annuity or cash value life insurance policy? Are you concerned about protecting your assets from the risk of rising long-term care expenses? You may be in luck.
Section 1035, a little-known provision of the federal tax code, allows policyholders who meet certain requirements to trade in their existing contract or policy tax-free for long-term care insurance.
Learn more about the value of 1035 exchanges and how this provision may benefit you. Continue reading
At LTC Consumer, we’re proud of our country’s veterans. We believe this group of men and women deserve the best care and services for the sacrifice they gave to our country.
While not everyone can afford Long-Term Care Insurance, great programs are available for American veterans to make sure they are cared for and given the services they need. Veteran In Charge (VIC) is one of those programs. (LTC Consumer is not affiliated with the Veteran in Charge program.) Continue reading
Getting the government to pay for your long term care doesn’t sound like such a bad idea. The only problem is, many don’t realize the downside of what Medicaid offers individuals for long term care services. And many times, the care services are not up to their personal comfort and standards. Continue reading
Tax season is upon us and we are getting down to the wire! As you finish up your 2016 taxes, remember you may be eligible to participate in premium tax deductions in your state.
If you haven’t applied for and been approved for Long Term Care coverage, now is the time to get covered and enjoy the tax deductions you deserve in 2017.
Depending on your age and income, tax planning strategies can vary. Find where you fit to learn more about how you can plan for 2016 year-end tax planning.
Why do LTCI policy owners hold on to their policies? For many, they’ve considered the alternative of paying for their care out-of-pocket and facing the dilemma of finding quality care at a price they can afford. But that’s not all. When finding value in your Long Term Care insurance plan, the following are reasons policyholders cling to their LTCI policies.
Did you know you could save money on your taxes by planning for your future with long term care insurance? That’s right. Tax-qualified long term care insurance policies can help you now with tax incentives and in the future by helping pay for your care.
So, what is a tax-qualified long term care policy? Here’s how it works.