To Finance Long-term Care, Look Beyond Financial Products
Dear Clients, Colleagues, and Friends: A couple weeks ago, I read an article on LehighValleyLive.com entitled How to prevent long-term care plans from becoming a crisis. It discusses the importance of financially planning for long-term care in the event of chronic incapacity. The article quotes someone as saying that Medicaid, a public benefits program, is an “option for some people” but “the only problem is you have to be destitute to qualify.”
Part B Premium Will Rise Slightly for Most Medicare Beneficiaries in 2017
The Centers for Medicare and Medicaid has announced the Medicare premiums, deductibles, and coinsurances for 2017. After holding steady at $104.90 a month for four years, the standard Medicare Part B premium that most recipients
IRS Issues Long-Term Care Premium Deductibility Limits for 2017
The Internal Revenue Service (IRS) is increasing the amount taxpayers can deduct from their 2017 taxes as a result of buying long-term care insurance. Premiums for "qualified" long-term care insurance policies (see explanation below) are
When Can You Delay Taking Medicare?
While you are eligible to apply for Medicare when you are 65, there are circumstances where you might not want to, particularly if you are working full time for a larger employer or contributing to
John Hancock Withdrawing From Long-Term Care Market
John Hancock Financial, owned by Manulife Financial Corp., a Canadian firm, is pulling out of the long-term care insurance market this December. John Hancock has been one of the largest long-term care insurance providers in