by Hans E. Scheil | Sep 5, 2018 | Long-Term Care
Getting long-term care insurance can be time consuming, stressful, and expensive; it is important to get the most out of the policy you end up choosing. If you go with a Traditional Long-Term Care insurance policy, one perk you have access to is the partnership...
by Hans E. Scheil | Sep 5, 2018 | Long-Term Care
Absolutely yes, you can get coverage for long-term care if you have pre-existing conditions. It is a misconception that you can’t get coverage if you are not 100% healthy. While not having any conditions might get you a better rate, it is not impossible to get...
by Hans E. Scheil | Sep 5, 2018 | Long-Term Care
The short answer to this questions is yes, Medicaid will pay for long-term care services. Medicaid covered at least 6 in 10 people in nursing homes in 2014. While they will pay for it, it is not the best option for everyone, and everyone will not qualify, due to...
by Hans E. Scheil | Jul 3, 2018 | Long-Term Care, Medicare
“Medicare does not pay for long-term care, so you may want to consider options for private insurance.” This is stated on every person’s Social Security Earnings Report (as seen in the photo), yet many people still have not planned how they will cover this cost....
by Hans E. Scheil | Jul 3, 2018 | Long-Term Care
Seventy percent of Americans that are 65 or older are expected to need long-term care services at some point in their life, according to the U.S. Department of Health and Human Services. Unfortunately, when people need care, they are not prepared, especially for the...
by Hans E. Scheil | Jul 3, 2018 | Long-Term Care
Long-term care has evolved a lot over the course of the last few decades in the United States, but it is still a mystery to many. On a basic level, long-term care is a variety of services that help people live as safely and independently as they can when they are...
by Hans E. Scheil | Dec 23, 2017 | Long-Term Care
With the holidays and families getting together, it is a great time to introduce some untouchable and difficult subjects, one of these being long-term care. It is a hard topic to bring up, but coming up with answers and a plan can bring a wave of relief to everyone...
by cardinalguide | Nov 30, 2017 | Long-Term Care
The Pension Protection Act of 2007 paved the way for insurance companies to create life insurance and annuity policies that pay benefits for long-term care if they are needed. Just like traditional long-term insurance, these policies pay benefits for in-home care,...
by cardinalguide | Nov 11, 2017 | Long-Term Care
You might have heard of Veterans Aid & Attendance–it is a benefit given to veterans and spouses of veterans that ultimately helps pay for long-term care services. My mother qualified and we were so thankful to have this money coming in when she needed it...
by cardinalguide | Sep 22, 2017 | Long-Term Care, Medicare
Retirement is a time full of change, especially in regards to finances. From the way you are receiving money to the way you are spending money, these changes will inevitably affect your taxes. Not properly preparing for retirement can be costly. Below are four factors...
