Myth #1 Most long-term care insurance claims are for nursing home careWhen the long-term care insurance began in the mid-1960’s, most policies only covered the cost of nursing homes. It wasn’t until the early 1990’s that insurers began including riders that covered...
Long-Term Care Facts Column: article originally published by the Redlands Daily Facts May 9, 2013: In my last column, I addressed recent articles published on a several well-known news websites have been riddled with half-truths and misleading information. In an...
What is long-term care insurance and why do you need it? A simple Google Internet search yields a definition for insurance as, “a practice by which a company provides a guarantee of compensation for a specific loss.” Therefore, long-term care insurance is...
There are 10 tax-friendly ways to pay long-term care insurance premiums. Depending on your situation, you could save hundreds (possibly thousands) of dollars in income taxes over several years by applying just one of these methods. Caveat: LTCFacts.org is not a tax...
How does the Inflation Benefit impact the Daily Benefit of your long-term care insurance policy? The Daily Benefit is the single most important part of your long-term care policy. The Daily Benefit, however, is linked to the Inflation Benefit. How much your...