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MEDICARE DOES NOT PAY FOR LONG TERM CARE.
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2011 Tax Deduction for Buying Long Term Care Insurance

The IRS just announced long term care insurance deduction rates for 2011. The deduction amount for your qualified long term care plan is set each year and is in addition to any state long term care insurance deduction or credit you may be eligible for. Long term care insurance premiums are tax deductible to the […]

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Calpers – An Ailing Long Term Care Plan

For a long-term care benefit plan, the news has mostly been bad. Last year saw a huge budget deficit of more than $800 million, the biggest since 2007. Eight of the last 10 years have been in the red. READ MORE: CalPERS Ailing Long-Term Care Plan

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Choose Long Term Care Insurance Carefully

Most people require long-term care after age 65 when they are covered by Medicare. The thing is Medicare pays for only a short period of care followed by payment out of your own pocket. Here are a few ways to bring the price down while keeping your peace of mind. READ MORE: Choose long-term-care insurance […]

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Law Changes Define Long Term Care Value

The provisions of the Pension Protection Act of 2006 have made owning permanent life insurance and fixed annuities much more valuable by adding benefits and tax incentives. By extending tax benefits to their linkage to long term care insurance, these traditional low financial risk vehicles can now better serve multiple roles. READ MORE: Law Changes […]

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Medicaid Plan Reduces In-Home Care For Elderly

A new plan released by Medicaid will reduce the number of elderly and disabled who can get home-care by 28% each year for the next five year. READ MORE: Medicaid plan reduces in-home care for elderly

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