(Add to Favorites | View All Articles | Resource Directory)
|
|
|
Long-Term Care Insurance - What to look for when shoppingLong Term-Care; 70 Million Americans Will Be Over 65 by 2003We will all grow old; this is a given. We will all have health issues as we grow older, this also is a given. Many people work their whole lives and if they are smart end up with a paid for house and a little nest egg for retirement. This is a good 15% of the population. Good for us as we have a strong middle-class. But whether you are rich or poor there will come a time when you need long-term care. As a matter of fact statistics show that 10% of us will need long-term care for 3-5 years. The problem is that such care costs a good $135.00 per day now, not including any future inflation. So something you should be thinking about is; do you have adequate coverage to protect you life's earnings, home and nest egg in the case you are somewhat incapacitated and need home long-term care? Many financial planners are recommending insurance for this; as a matter of fact currently it is all the rage. When shopping for such long-term care insurance there are things you need to look for besides your basic costs of premiums and general services. Things such as an inflation rider to protect you; also a non-forfeiture rider should be in the policy. The non-forfeiture rider prevents the insurance company from completely canceling your policy if you miss premiums; instead you will get less services or care, but not loss of all benefits. There are also in some policies provisions for limiting premium increases. Insurers cannot raise an individual's premiums but they are allowed to raise premiums for an entire class or category of folks. You need to make sure this will not happen and look for this in your policy. Guaranteed Renewability is another provision you need to have; meaning they cannot cancel or refuse to renew your policy as you reach and older age of higher risk. There are over 100 companies, which offer these types of insurance policies but only about 15 or so are any good. Other companies like some abuses in the Insurance Annuity Business may simply collect lots of premiums and then go out of business in the future, leaving you high and dry after taking your premiums. Please be careful and think about this. "Lance Winslow" - If you have innovative thoughts and unique perspectives, come think with Lance; www.WorldThinkTank.net/wttbbs
MORE RESOURCES: News provided by Yahoo! News and Google News Tech engineers eye policy shift in elderly care - International Business Times Course Teaches Officers To Spot Elderly Abuse Caregiving Spouses of Alzheimer's Patients Put Own Health at Risk Scott & White granted $2M - Bizjournals.com Trust apologises to elderly patients Elderly care: Who should pay? - One News Page Elderly care views wanted - Penarth Times |
|
|
|
RELATED ARTICLES
Colorizing old black-and-white photographs I've just made another Photoshop video. This one is about colour tinting (or "colorizing") an old photo. Getting your senior to wear adult diapers Q: My mom is in the early stages of dementia and she is also incontinent we have tried to get her to stop wearing her underpants and have her start wearing pull-up diapers, she throws the Depends out the door and puts her underpants on. Of coarse we have a lot of laundry! How should I handle this?A: This one should be fairly easy to solve. Help combat depression for your senior freinds and family Sixty-five year old Arthur Jones served a self-imposed life sentence - in his own home.Arthur lived in a high crime neighborhood, so he built iron cages around his outside doors and installed bars on all the windows. Exercise Walking For Seniors: Preventing Foot Problems Exercise has a very important role in the general health and the quality of life of everyone, but especially in seniors. Seniors who walk tend to look younger, sleep more soundly and have fewer visits to the doctor. Adult Family Homes - a great alternative to Nursing Homes As a long-term care consultant for seniors and their families I have visited many different types of facilities. But my favorite type of facility to visit is adult family homes. Long-Term Care Insurance - What to look for when shopping We will all grow old; this is a given. We will all have health issues as we grow older, this also is a given. 5 Myths You Should Know Before Choosing Elder Care Myths associated with selecting quality nursing home care suggest quick and easy ways to identify quality care. In fact, relying on these myths can lead to disastrous results. How far does a child's responsibility to care for their parents go? It happens somewhat slowly in the beginning, maybe with a small cough that gets worse as time goes on. It might simply begin with absent mindedness which is totally out of character, followed by total memory lapses. Adding sparkle to an Alzheimers patient's life Severe degradation of short-term memory means that my father, an Alzheimer's elder, is seldom interested in movies or books. And, although music used to be a source of enjoyment, he no longer listens with pleasure. Stair Lifts for curved staircases There are two types of stairlift. Straight and curved. Considerations for the aging population's medical expenses IntroductionThe baby boomers is the population which haven taken birth after second world war till 1965 when there was a tremendous increase in birth rate due to the social and economic development in the USA. Now this population is going into the old age and thus bringing a burden to the nation as the country has to take care of not only the food and shelter but also the medical care. Arizona Assisted Living: Resident Rights According to the Arizona Administrative Code (R9-10-710), those who reside in assisted living facilities in Arizona have certain rights. In addition to having the right to live in an environment that promotes dignity, independence, self-determination, individuality, privacy and the right of choice, the following are a few of the rights given to residents who reside in assisted living facilities:1. The King's Box of Trinkets The King had a modest kingdom. He was Danish. Stair Lifts - A quick look Buying a stairlift can have huge benefits for your quality of life, giving you back some freedom and independence. Stairlifts can be adapted to your individual needs, so no matter what your requirements are, there'll be one to suit you. Why you should become Certified as a Senior Approved Service Are your clients pleased by the fine quality service that you provide? Validating your clients' endorsement of you through Certification as a Senior Approved Service will increase your client base. Senior Approved Certification leads a family towards a service like yours side stepping the possibility of connecting with a less than desirable service. Plan your Estate - No matter how uncomfortable you may feel Do you worry about whether your aging parents have their "affairs in order?" You should. After all, you're the one who will have to pay unnecessary taxes and endure time-consuming court procedures if your parents don't have an effective estate plan. Fighting your loneliness when caring for the disabled Q: I hate Alzheimer's disease, not only has it robbed me of my husband, but it has taken my life too! I feel like all of my friends have disappeared. I am lonely, and that makes me feel guilty. Skilled Nursing Homes and other Assisted Living Arrangements compared A skilled nursing home is a medical facility providing services similar to a hospital. The homes are staffed with licensed nurses, shared rooms, hospital beds, regular scheduled doctor rounds, meals and housekeeping. Retirement considerations for UK citizens Retiring abroad needs careful planning. Not all countries have the same entitlement to benefits as the UK and your tax liability may be affected. Cherish the moments you have - now It was right about this time, 19 years ago. My wife and I were sitting in the very last Lamaze birthing class, soon to be brand new parents.
|
| home | site map | articles |
| © 2006 |