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Alzheimer’s is The 6th Leading Cause of Death in U.S.
More than 5 million Americans are living with the disease and that number only continues to grow. It is also the only cause of death among the top 10 without a way to prevent, cure, or even slow its...
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What is your retirement plan missing?
“The second most important financial priority, especially among older respondents, is saving money to pay health-care costs” from a recent article. This is not surprising, considering that 70% of those...
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Alzheimer’s in Now the 6th Leading Cause of Death in America
Per the Alzheimer’s Association, Alzheimer’s Disease is the 6th leading cause of death in America. The rate of deaths due to Alzheimers rose 68% between 2000 and 2010. This is due in large part to...
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Price of Stroke to Double In Next Two Decades
The rising prevalence of stroke in an aging population is likely to more than double the cost of stroke care over the next two decades, the American Heart Association and American Stroke Association...
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My Premium Is Being Raised, Why and What Can I Do?
A recent Wall Street Journal article details some of the price increases that have occurred on people’s Long Term Care insurance (LTCi) policies. Price increases happen on many things over the years,...
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When Should I Buy LTC Insurance?
A recent article on Fox News, featuring a financial expert who shall remain nameless, stated that since there is only a 1% chance of needing Long Term Care until after 60, don’t spend a dime on it...
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Don’t Bet The Farm
“Betting the farm” is a phrase that describes going all in on a bet, betting the entire amount you have. Most sane, reasonable people would never do that, or would they? We adapt to risks our entire...
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You Need LTC, But Did Not Buy Insurance – What Can Be Done?
You thought (hoped, actually) that you would never need Long Term Care. If it did happen you figured perhaps your family would take care of you. Neither of those thoughts panned out and now you are...
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Some Helpful Hints For Financial Planners Concerning Long Term Care
I realize LTC is not a topic you relish discussing. Hopefully your clients won’t need such care, and if they do perhaps they can pay for it out of cash flow (at possibly $100,000 a year). However, if...
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Cholesterol and Alzheimer’s Disease Link Strengthens
http://www.latimes.com/science/sciencenow/la-sci-cholesterol-alzheimers-link-20131230,0,4639284.story#axzz2p4eJG4pU The above link to a Los Angeles Times article published December 30, 2013 indicates...
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What Americans Aging Means For Long Term Care
The population of America is growing at its slowest rate ever. Population increased last year at only 0.72%. Yet 10,000 Americans turn 65 every day. We are becoming an older population. You may have...
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“Senior Tsunami” To Come
A recent California study projects “an unprecedented senior tsunami” led by 65 – 84 year old baby boomers. This group will swell nursing home residency to more than double current levels in just over...
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Qualifying To Purchase LTC Insurance Is Becoming Much More Difficult
Years ago the Long Term Care (LTC) insurance industry went through an education process which some say is continuing today. The industry learned that blood pressure and cholesterol led to death,...
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Help! My LTC Insurance Premium Is Going Up
Inflation, you can’t live with it, and economists say we can’t live without it. But when you get a letter telling you that the cost of something you are paying for is going up, it’s not a pleasant...
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Where Will The Workers Come From (and What Will The Price Be?)
Long Term Care is getting more and more expensive every year. LTC insurance is getting more and more expensive each year as well, it’s a direct correlation. This morning’s Green Bay Press Gazette had...
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These Are The Good-Old-Days of Long Term Care
I heard this at a panel discussion featuring speakers from Wisconsin’s Health and Human Services department in Madison, the state capital, two weeks ago. We have the facilities, we have the staffing,...
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What We Don’t Know About Long Term Care – Is A Lot
Americans over 40 — in other words, us — are dangerously unaware of our likely need for long-term care when we age and woefully ignorant about the costs, according to a new poll of adults in midlife...
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Protect Mom’s Money
Here is a not untypical situation where Mom needs care and even though Medicaid will soon be needed, some funds can be moved to family. In our example, Mom is 83 years old and suffering from dementia....
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More Bad News For The Sandwich Generation – Filial Responsibility Laws
The sandwich generation are the folks who are currently raising teens, paying for school, and taking care of their parents as well. This causes much missed work, missed work opportunities, missed...
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Thanksgiving is Coming, How is Your Family Doing?
Thanksgiving comes around every year about this time. Families get together, hopefully getting along. Sometimes it is the one time a year everyone sees how the older members of the family are doing...
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