by Hans E. Scheil | Dec 3, 2020 | Long-Term Care
In August 2020, the U.S. Department of the Treasury released the report of the Federal Interagency Task Force on Long-Term Care Insurance. This is a fancy way to say that the federal government gathered a bunch of different people to put out a report with...
by Hans E. Scheil | Oct 30, 2020 | Long-Term Care
Many retirees come to us wanting to know how they can better use the money they have in retirement. They are also highly aware of the risk of outliving their money. Usually, the one event that is going to send their budget sideways is the cost of long term care. For...
by Hans E. Scheil | Oct 15, 2020 | Long-Term Care
Many Medicare beneficiaries only plan for paying for long term care is Medicare. They are shocked when they find out Medicare does not cover long term care. Of course, Medicare does cover medical services in long term care settings, such as doctors visits and such,...
by Hans E. Scheil | Aug 26, 2020 | Long-Term Care
No one wants to pay for something and possibly never use it. Hybrid long term care insurance gives consumers a way to insure themselves against long term care costs as well as leave their family a benefit if they don’t end up needing care. Simply put, a hybrid policy...
by Mackenzie Gokey | Jul 9, 2020 | Long-Term Care
Too often, clients only seek long term care insurance once it is too late. The cost for the care they want, usually home health care, becomes prohibitive at this late stage. For most people, long term care insurance is an option worth considering earlier rather than...
by Mackenzie Gokey | Jul 1, 2020 | Long-Term Care, Medicare
Health care in retirement starts with Medicare, but Medicare is not where it ends. The fact is Medicare will only pay for a very specific and limited amount of home health care benefits. We will go over what Medicare will cover, what they won’t, and other options you...
by Hans E. Scheil | May 21, 2020 | Long-Term Care
Traditional long term care insurance can be expensive, and while not without reason, we understand it is just not realistic for a lot of people’s budgets. One alternative to traditional long term care insurance is short term care insurance, which allows you to...
by Hans E. Scheil | Apr 6, 2020 | Long-Term Care
Long term care refers to a broad range of services delivering assistance to individuals who cannot live independently. It does not just mean nursing home. When making a long term care plan, it is important to not only look at the costs of services, but what is going...
by Hans E. Scheil | Feb 12, 2020 | Long-Term Care
When we talk to clients about long term care, the majority tell us they want to stay in their home, a trend that is happening all across the United States. With home health care becoming the dominant preference, we want to go over what home health care means and how...
by Hans E. Scheil | Apr 26, 2019 | Long-Term Care
The need for long term care services is going to explode as baby boomers continue to age. The big question that this presents is how these services are going to be paid for? Medicare does not pay for them. At Cardinal, we believe there are 4 solutions to paying for...
