South Carolina, as well as many states, are dealing with the greying of the population. Long Term Health Care is an issue.
With more and more people investigating affordable Long-Term Care Insurance and making it part of retirement planning, a leading consumer and trade advocate notes that new policy benefits favor consumers who buy LTCi.
The U.S. has entered the ‘Golden Age of Caregiving’ with more family members becoming caregivers while taking care of their own families and living their own lives. A new study shows caregivers work 1.2 billion unpaid hours.
A public policy group founder calls for additional tax incentives to help consumers buy LTC Insurance. Joseph Stango, founder of “Choice Centered Medicaid” is calling for additional tax benefits because of the financial risk.
Bill and Hillary Clinton might be paying too much in taxes. One thing they could do is deduct their LTC insurance. Bill helped make LTC premiums deductible and Hillary in the past has supported LTC insurance tax credits.
With the chance you may need extended Long Term Health Care so high, that cost can have a huge impact on an estate.
Who Will Provide Care for Childless Boomers? Many will grow old without family to look after them. With advances in medical science allowing us to live longer and longer issues for these boomers like POA’s and Long-Term Care.
Despite the odds many people fail to consider Long Term Health Care costs when putting together their retirement plan. Since 7 in 10 people will need some type of LTC some don’t see the Wolf in their retirement plan.
With advances in medical science more and more people are living longer … even to 100+ Can you afford to live a long life?