Generally, no. Tax-qualified Long-Term Care Insurance benefits come to you tax-free. Insurance companies that pay long-term care insurance benefits are required by the Internal Revenue Service (IRS) to provide claimants with a 1099 LTC.
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Browse our full library of articles, tools, and helpful links designed to support your long-term care planning. Use the filters to narrow your results by topic, category, or care type so you can quickly find the information that matters most.
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Lifestyle
September 21st, 2019
Five Ways To Protect Your Retirement Income
One of the biggest involuntary risks we face is Long Term Health Care. Fidelity Investments, one of the largest mutual fund and financial services groups in the world, makes suggestions which includes planning with affordable
Health
November 22nd, 2021
How Personalized Medicine Can Benefit Older Adults
Have you heard about 'personalized medicine?' Doctors and pharmacists can match you and your genetics with the most effective treatment and medications, allowing for a better quality of life and greater lifespan.
Lifestyle
March 16th, 2018
Bottle Caps, Baseball Cards, and the Red Pegasus
You may have lots of fun memories of childhood. It was more of a carefree lifestyle than what adults deal with today. You sure didn't think about planning then, especially about aging. Health and Long-Term Care.
Health
November 27th, 2023
Evaluating the Safety of Teeth Whitening for Seniors
Assessing the safety of teeth whitening treatments for seniors is crucial, as older adults often face unique dental challenges and sensitivities. It's important for seniors to consult with dental professionals to understand the potential risks and tailor treatments to their specific oral health needs.
Lifestyle
May 24th, 2023
Securing Your Legacy: End-of-Life Estate Planning Vital for Everyone
Embarking on end-of-life planning ensures your tangible and intangible assets are handled according to your wishes, offering both peace of mind and a tangible legacy. A plan provides an avenue for communicating your deepest desires, reducing the burden on your loved ones during a difficult time.
Care Facilities
October 6th, 2021
Long-Term Care Crisis in South Dakota
Labor shortages everywhere are common; in South Dakota, it hits the long-term care industry especially hard. Higher demand for care, along with higher costs, are affecting families.
Co-Insurance
This is the concept of sharing the cost of future long-term care services and supports with an insurance company. It refers to the amount of money that the insured must pay out-of-pocket to make-up the difference between their actual costs and the amount the policy covers.
Lifestyle
October 12th, 2023
Redefining Retirement: The Strengths and Stumbles of an Age-Forward Workforce
As life expectancies increase and financial landscapes shift, many find the need or desire to remain in the workforce beyond the traditional retirement age. Proactive planning ensures a seamless transition into this extended working phase, balancing health, financial stability, and personal fulfillment.
Health
December 19th, 2021
Whole-Grain Diet Can Help Blood Pressure
High blood pressure becomes a more significant health issue as we get older with little or no symptoms but increases your risk of death and long-term health care. Eating the right grains reduces high blood pressure and improves your health.
People
February 15th, 2022
Celebrity Health Events Remind Us of Our Frailties
Celebrities suffer from the same frailties as the rest of us do. But when things happen to those in the public view, it allows us the opportunity to plan in advance. This can give our families peace of mind.
January 9th, 2022
Keeping Clean in the Virus World. Which Items at Home Should Be Cleaned More Often?
Regular cleaning and disinfecting the high-touch surfaces in your home is a crucial precaution to lower the risk of infection, especially today with COVID-19. Where do you start? How do you help older parents?