Category Archives: Reasons to Buy Long Term Care Insurance

What’s More Likely: Winning March Madness or Needing Long Term Care?

Did you know the odds of choosing the perfect bracket for the NCAA men’s basketball tournament are incredibly small? The odds are so small that even mathematicians argue on the actual estimation of the odds of winning.

Some believe the odds of winning March Madness are as low as 1 in 9.2 quintillions (or 1 in 9,223,372,036,854,775,808 for you detailed readers). While others think the odds are closer to 1 in 128 billion. Either way, picking all the games correctly is borderline impossible. Continue reading

Healthy Relationships Can Help Increase Longevity

While exercise, eating healthy, and quitting smoking are important steps for a long, healthy life, good relationships can also increase your lifespan. People with strong social relationships increase their odds of survival by 50% over time.

Aging presents physical and mental health challenges making social isolation rampant among older adults who lose mobility, lack transportation, or live away from family. Social isolation can lead to an increase in depression, loneliness, and even a shorter lifespan. Continue reading

The Oldest Living American – Living to be a Supercentenarian

What does it take to be a supercentenarian in the United States? You earn the title of supercentenarian when you’ve lived to be at least 110 years old after surpassing centenarian status (living to age 100). There have been over 700 validated claims of American supercentenarians by the Gerontology Research Group.

As of January 20, 2018, the oldest living American is Delphine Gibson, born August 17, 1903 in South Carolina. She has lived 114 years, 156 days, and is still going strong. The next runner-up is Lessie Brown who was born September 22, 1904 in Georgia and has lived 113 years and 120 days. There are currently 52 living American supercentenarians with 1 emigrant supercentenarian living in Spain. Continue reading

The Insurance You Never Want to Use

It’s safe to say, no one buys insurance because they hope they’ll use it. Insurance is often associated with something bad or negative happening. Most people think about insurance once a year during Open Enrollment at their work, or if a life event takes place which makes them think about getting covered.

There are a few exceptions to this. For example, you may pay for medical, dental, or vision insurance through payroll deduction at work. This is coverage all people can benefit from with annual preventive care visits to help you stay healthy. Continue reading

Planning for Health Care in Retirement – Are You on the Right Track?

Are you planning for health care costs during retirement? If so, you may be like most people who are underestimating these expenses.

While Medicare Part A coverage is free for those who qualify, it only covers a portion of hospitalization. Other Medicare coverage is not free such as Medicare Part B, supplemental insurance, or prescription plans. In addition, you should consider other out-of-pocket health care costs when planning your retirement budget. It’s estimated Medicare will only cover 50-60% of your health care needs. The premiums and out-of-pocket costs will only continue to go up as time goes on.

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