4 Secrets to Buying Long-Term-Care Insurance

Great article from Kiplinger's (see link below) on the secrets to buying Long Term Care Insurance. Affordable Long Term Care Insurance provides you with a way to protect your 401k's and IRA's and other assets from the high risk of needing Long Term Health Care. Having a plan that addresses the physical, emotional and financial burdens Long Term Health Care has on loved ones is key to retirement planning. Learn more now and get quotes from all the top insurance companies, http://mccannltc.net/free-quote/

Here is the link to the article: http://www.kiplinger.com/article/retirement/T036-C000-S004-4-secrets-to-buying-long-term-care-insurance.html

One important key is to work with a true specialist in Long Term Health Care Planning. Very few agents or financial advisors are really qualified or have the experience in this area. The specialist you work with should represent all the major companies and have at least 500 active clients with Long Term Care Insurance.

In my case, I have 16+ years of experience with over 2300 clients. I represent all the major companies so I can help you determine if this coverage is appropriate for you base don your age, health, and financial situation. Most people start planning in their 40's or 50's but people have started as young as their 20's and as old as their 70's. Your current AGE and HEALTH are big factors in cost.

A 53 year-old married male, in good health, can get a solid partnership qualified plan for under $80 a month. Many factors impact the benefit levels so a specialist can help you design an affordable plan. If your state is a partnership state, and most states have partnership plans in place, you can get dollar-for-dollar asset protection.

Learn more about how Long Term Care Insurance can be an affordable part of your retirement plan. Discover the details at http://mccannltc.net/

 

 

 

Musicians with Alzheimer's ... it happens to all of us.

The need for long term health care happens to all of us. See the article below about musicians with memory issues. Then you can learn how affordable Long Term Care Insurance can be and how it should be part of your retirement planning. The planning needs to happen well before we ever have a health issue. This is why most people who start planning for long term health care do so in their 40's and 50's as part of their retirement planning.

Read the article here: http://www.axs.com/news/ac-dc-s-malcolm-young-put-in-home-for-dementia-musicians-with-alzheime-21367

Learn about how affordable Long Term Care Insurance can be. Go to http://mccannltc.net/

Follow Matt McCann on Twitter: @mccannltc - https://twitter.com/mccannltc

 

AC/DC guitarist Malcolm Young has been admitted to a full-time nursing home due to memory issues. He is one of many famous singers and performers who have or who are now suffering from this issue. Memory issues happen to all types of people in all walks of life. Planning is easy and affordable as part of your retirement plan. Get quotes of all the top insurance companies for affordable Long Term Care Insurance - http://mccannltc.net/free-quote/ 

Hear Matt McCann on radio interview

Matt McCann was interviewed on Chicago radio station WIND (AM 560) as well on a podcast on the AGING INFO RADIO website, http://aginginforadio.com/. McCann, recognized as a leading Long Term Health Care (LTC) specialist, spoke about Long Term Health Care Planning and how Long Term Care Insurance can play an important role in protecting people’s 401k’s, IRA’s, and other assets.

Each week Sue Zawacki, the host of the program, interviews expert guests and explores healthy aging, aging in place, elder care, boomer & senior lifestyles, retirement communities, wealth at retirement and related topics. She is passionate about keeping others moving forward while connecting them to help one another with education and resources.

You can listen to the recording of the show here: http://aginginforadio.com/2015-Shows/AIR-2015-04-12.mp3

Learn more about Long Term Health Care Planning at www.mccannltc.com

Don’t forget, you can follow Matt McCann on Twitter: https://twitter.com/mccannltc

Forbes: Boomers, Millennials And The Long-Term Care Divide

This article in Forbes talks about the need for Long Term Health Care Planning. Keep in mind, has with many articles, this article is general. Overall premium costs are usually lower than what the article indicates. For example, a married 55 year-old male in good health can get a solid partnership plan for as little as $92 a month. A single person would pay a bit more.

You can read the article here: http://www.forbes.com/sites/nextavenue/2015/04/09/boomers-millennials-and-the-long-term-care-divide/

Planning for the physical, emotional and financial burdens Long Term Health Care is an important part of retirement planning. Planning needs to be done when you are younger and healthy as you will have many more affordable options. Premiums for Long Term Care Insurance are based on AGE and HEALTH at the time of application and are very affordable. While the article talks about the increases for new plans many companies did not change their rates so the article is a bit misleading. Premium increases on existing plans did happen but primarily on much older plans that were sold prior to rate stabilization and much better underwriting standards. With the risk of needing care being as high as it is, Long Term Care Insurance seems like common sense.

The risk of needing care is high with the advances in medical science allowing us to live longer and survive health events and accidents more than ever before. People require Long Term Health Care due to accidents, illnesses or the impact of aging. The US Department of Health and Human Services says if you reach the age of 65 you will have a 75% chance of needing some form a Long Term Health Care before you pass away.

Many states have partnership programs available which provide dollar for dollar asset protection if you have a qualified policy. The Long-Term Care Partnership Program is a collaboration between state government and insurance companies. Under this partnership, applicants who purchase qualifying long-term care insurance policies can access Medicaid coverage while retaining assets they would normally be required to spend on their long-term care. This is referred to as dollar for dollar asset protection.

Premiums are very affordable if designed appropriately by a specialist who understand how these plans work. The American Association for Long Term Care Insurance suggests consumers only work with specialists who represent all the top insurance companies and have at least 500 active clients in Long Term Care Insurance. Few insurance agents or financial advisors have this level of experience. In my case I have well over 2100 active clients throughout the country with over 16 years of experience. Please remember, a specialist like myself not only represents all the top insurance companies but also understands how these plans get used at the time of claim.

Read the article and learn more at http://mccannltc.net/

 

The case for buying long-term care insurance - CBS MarketWatch

Long Term Care Insurance is very, very affordable and makes a lot of sense as part of your retirement plan. Protecting your hard earned 401k money, IRA savings and other assets is a key to a future and successful retirement. If you are putting money away in your 401k's and IRA's and you have not yet learned how affordable Long Term Care Insurance can be ... then start educating yourself now. People require Long Term Health Care due to accidents, illnesses and the impact of aging so planning should start when you are young and healthy.

 

This article on the CBS MarketWatch website discusses how affordable and how important Long Term Care Insurance can be. Read the article and act now while your health is good and premiums are very affordable.

 

Here is the link to the article:

 

http://www.cbsnews.com/news/the-case-for-buying-long-term-care-insurance/

 

 

Learn more now at http://mccannltc.net/

Alzheimer's Inspiration - The Faces of Those Impacted

Watch this powerful video showing the faces of Alzheimer's. Another reason why affordable Long Term Care Insurance should be part of your retirement plan. Memory loss impacts both the old and young and can have a huge impact on loved ones in many ways. Having an affordable plan for the physical, emotional and financial burdens Long Term Health care can have on family should be part of everyone's overall retirement plan.

Health insurance and Medicare, which is health insurance for those age 65 and over, won't pay for a majority of the costs associated to Long Term Health Care. Affordable Long Term Care Insurance can help pay for the costs of keeping you or a spouse at home as well as paying for care at adult daycare, assisted living facilities, memory care facilities and well as traditional nursing homes.

Some people think health insurance or the government pays for this type of care. This is not the case. Most Long Term Health Care is considered custodial in nature which is not paid for by any health insurance or by Medicare or Medicare Supplements. Medicaid, the medical welfare program, will pay for custodial care but only after a family exhausts assets.

Skilled care will be paid for by health insurance and later by Medicare but only for a handful of days and only if you are getting better. This is why having affordable Long Term Care Insurance as part of your retirement plan protects your 401k's and IRA's as well as other assets.

Here is the link to the video: https://www.facebook.com/video.php?v=1492393844371107&fref=nf# 


Learn more about affordable Long Term Care Insurance at http://mccannltc.net

Pat Summitt was one of the best basketball coaches ever, and one of the faces of Alzheimer's. She led the University of Tennessee women’s basketball team to a record 1,098 victories during her reign from 1974 to 2012. Her book is a good read.

 

 

Great Article to Read Prior to Retirement

This article in the Motley Fool takes you through a number of items to think about and plan for before you retire. Waiting until your 65 is usually too late for you to start planning. One item the article speaks about is planning for Long Term Health Care. Having an affordable plan for the physical, emotional and financial burdens Long Term Health Care can have on loved ones is an important part of your retirement plan. If you don't plan, all that hard work and savings you have done with your 401k's and IRA's goes down the drain.

The article says, in part, "The odds of needing long term care in retirement (either in-home care, or skilled care) is 70%. The odds of either you or your spouse needing this care is 91%. This care isn't cheap, and the cost goes up every year. Again, if you're rich, no worries. But if you're not, unless you relish the thought of your loved ones changing your diapers one day, you might want to consider long term care insurance, or consider life insurance with a rider to allow you to access your death benefits if you need the money for long term care.

Read this article from the Motley Fool and the learn more about affordable Long Term Care Insurance at http://mccannltc.net/

Here is the article: http://www.fool.com/investing/general/2015/03/28/read-this-before-you-retire.aspx

 

Many states have partnership programs available which provide dollar for dollar asset protection if you have a qualified policy. The Long-Term Care Partnership Program is a collaboration between state government and insurance companies. Under this partnership, applicants who purchase qualifying long-term care insurance policies can access Medicaid coverage while retaining assets they would normally be required to spend on their long-term care. This is referred to as dollar for dollar asset protection.

 

The time to plan is now.