Monday, September 28, 2015

DWTS Celeb Suffers Stroke at Age 37 – Recovery Expected

When a reality star suffered a TIA at age 37 it reminds all of us to pay attention to our health and retirement planning as it relates to the cost of extended Long Term Health Care. Stroke can happen at all ages. This article talks about a TV show star ... but it could be about us. Planning ahead of an health issue should be part of our retirement plan.

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Top rated ABC-TV program “Dancing with the Stars” has made news for something other than dancing. Reality star Kim Zolciak was eliminated from the competition after the 37 year-old suffered a mini-stroke known medically as a transient ischemic attack (TIA). The website TMZ reported a blood clot caused by a previously unknown heart issue caused the star to lose feeling on one side a limited her ability to speak for a short time.

Zolciak, interviewed live on the show via Skype (September 28, 2015), said her doctors did not allow her to fly from her home in Atlanta to Los Angeles for the show. By rules of the show, she was eliminated from the program.

While many people think strokes and TIA’s happen to just older adults, it can and does happen at all ages. A day before he turned 27, "Malcolm in the Middle" star Frankie Muniz also suffered a TIA in December of 2012.

"Stroke has been noted to having an increased frequency in young adults without a clear cause," Dr. Richard B. Libman, vice chair of neurology at the Cushing Neuroscience Institute in Manhasset, N.Y., told CBSNews.com by email.

"Historically stroke has been thought to as a disease of the elderly with increased risk associated with those with preexistent atherosclerotic and heart disease."

A stroke, or "brain attack," happens when the blood supply to the brain is stopped or when a blood vessel in the brain bursts and fills the spaces around other brain cells with blood. Brain cells die when they are damaged by bleeding in or around the brain or when they do not receive oxygen.

What Zolciak and Muniz had -- a transient ischemic attack (TIA) or mini-stroke -- begins like a regular stroke, but then any noticeable symptoms or deficits disappear within an hour. Signs you are having a stroke can include headaches, paralysis or numbness of the face, arm or leg and trouble with walking, speaking, understanding people or seeing in one or both eyes, the Mayo Clinic reports.

The symptoms of a TIA and regular stroke are the same. Someone having a TIA or stroke might experience one or more of the following sudden symptoms:

• Numbness or weakness of the face, arm or leg, especially on one side of the body.
• Confusion, trouble speaking or understanding.
• Trouble seeing in one or both eyes.
• Trouble walking, dizziness, loss of balance or coordination.

If you or someone else has any of these symptoms, even for a short time, call 911 or go to the hospital immediately. Strokes can cause the need for extended Long Term Health Care, dementia and death.

The risk factors are the same as a regular stroke and include high blood pressure, high cholesterol, diabetes, smoking, obesity and a sedentary lifestyle. Read more about TIA risk factors at stroke.org/TIA.

Adults who survive a stroke at a younger age have an alarmingly shortened life expectancy rate compared to the general population. A new study suggests that people who experience a stroke before they reach the age of 50 are more likely to pass away 20 years sooner than non-stroke adults.

Research shows that 10 percent of all stroke patients are under the age of 50 - but little data is available to shed any light on their life-long prognoses. However, Dutch researchers have found that the long-term mortality rate of adults who survived a stroke between the ages of 18 and 50 is significantly reduced.

According to a study published in the Journal of the American Medical Association, 20 percent of under-50 stroke survivors passed away within a decade of their initial stroke. Researchers also found that men were more likely to die within 20 years of their initial stroke than young women.

Further, the study also says the risk of death after 20 years of a stroke increased by about 25 percent for TIA (aka mini-stroke) survivors, 27 percent for patients whose strokes were caused by a blood clot and about 14 percent for hemorrhagic stroke.

The risk of stroke and TIA’s impacts retirement planning as strokes are a leading reason for Long Term Health Care. Much of that care is not covered by health insurance or Medicare since much of it is considered ‘custodial’ in nature. Long Term Care Insurance will pay for these costs but a person must obtain coverage when they are in general good health. History of stroke could make a person uninsurable.

According to the American Association for Long Term Care Insurance (AALTCI – www.aaltci.org) nearly 1 in 5 people are declined for Long Term Care Insurance Coverage and the percentage is higher if a person is older. This is a major reason why many people today who purchase coverage are in their 40’s and 50’s as part of retirement planning.

"A significant share of the baby boomers are obese or disabled," explains Jesse Slome, executive director of the AALTCI which is a consumer education and advocacy group.

Meanwhile Zolciak will concentrate on her health and not on the TV show. Host Tom Bergeron explained that according to the ABC show’s rules, since she couldn’t dance because of medical reasons, she had to be eliminated. “The rules of the competition dictate that @Kimzolciak must withdraw, but her health is the most important thing. #DWTS,” the show tweeted.

Read article: http://longtermcareplanningnews.com/article?article=139

 
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 #DWTS #stroke #TIA #longtermcare #LTC #KimZolciak

Sunday, September 20, 2015

#Emmy for best #LTC plan?


for best plan? Outstanding Lead for your plan for ... It is YOU if you make affordable Long Term Care Insurance part of your plan - . While the stars wore ribbons about climate change ... the risk of Long Term Health Care impacts all of us now.




Learn how affordable Long Term Care Insurance can make you a star for your family as you make sure that the physical, emotional and financial burdens that extended Long Term Health Care can bring to family.

http://mccannltc.net/
 



https://twitter.com/mccannltc/status/645802018422939648

Wednesday, September 16, 2015

CNN GOP Debate. Questions on Aging and Long Term Care Issues?

 



A "huge" (as the #realdonaldtrump might say) issue America faces today and in the decades to come is the problem of Long Term Health Care and other aging and health related issues. While "ObamaCare'  gets much attention, both good and not so good, one area that has to be addressed is the problem of Long Term Care.

See my tweet: https://twitter.com/mccannltc/status/644241720993931264

For many people, Long Term Care Insurance has become part of retirement planning. However, too many people don't think about the issue, think the government or their health insurance pays for this care (it doesn't) or think it won't happen to them (chances are it will).

While many people can and SHOULD pay for affordable Long Term Care Insurance and make it part of their retirement plan, some people will have to depend of Medicaid. The issue is ... if too many people, who have assets, end up not making Long Term Care Insurance part of their retirement plan, then they will be subject to asset spend down and stress and already stressed government public aid health program.

The bottom-line is ... we need to ask the questions to those running for office BUT it is up to US to make Long Term Care Insurance part of your retirement plan. It's good for you and your family, good for protecting your hard earned savings so you can use them for better things than care and it is good for your state and federal government so less people will stress an already stressed federal and state budget.

Learn more now how affordable Long Term Care Insurance can make a difference.

http://mccannltc.net/free-quote/
 
#CNNGOPDebate #Aging #Health #longtermcare #LTC
 
 


Tuesday, September 15, 2015

Ideas to Save on Long Term Care Insurance and Options


With over 17 years’ experience in Long Term Health Care Planning, I am honored to help on average about 10 people every week. They find an affordable way to address the physical, emotional and financial burdens Long Term Health Care can have on loved ones. Most people want to protect their 401ks, IRA’s and other assets so they can enjoy a future retirement with peace-of-mind.

There are a few things people forget about when planning. I had a number of people in the past few weeks take advantage of these options so I thought it would be a good idea to remind you of ways to you affordably plan and even save money.  

First, premiums can be tax deductible. In some states there are state tax deductions and credits that may be available. If you have self-employment income  (1099 income) or you own a business (LLC, S Corp, C Corp, etc.) you can also deduct premiums for you and a spouse from business income. You can even pay for key employees and not have to offer the opportunity to others. Also, if you have a HSA (Health Savings Account) you can pay premiums from that account. Be sure to ask about the details!

Second, especially for clients under age 55, some companies offer what they call a limited pay option. You can pay ten, higher premiums and then NEVER pay another premium ever again! Yes, the premiums are higher. The idea is to pay more while you have higher income so once retired you have a fully paid Long Term Care policy and you never pay a premium again.  This is not for everyone, but for some it is an ideal way to plan.

Third, some people are not aware of the federal/state partnership programs available in most states. These policies provide dollar for dollar asset protection if you have a traditional qualified long term care 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 or ‘asset disregard’. These plans have requirements and be sure to ask me about them and if they make sense for you.

Fourth, most companies offer ‘shared care’ plans where spouses/partners can share benefits. In the event one person spends through all their benefits they can use the other person’s coverage. If one person were to pre-decease, the premium drops off but 100% of the unused benefit goes to the surviving spouse/partner. This one makes a lot of sense for most couples.

Finally, my general philosophy is to develop a plan that makes a catastrophic situation manageable. Some people will need higher benefits because of where you live or family history. Be sure to discuss these options with me. Long Term Care Insurance is very affordable … but must be designed correctly based on your age, health and location. As you know, I represent all the major companies in the industry so I can assist you in a few ways:

 
1.      Educate you on what health insurance and later Medicare will cover when it comes to extended Long Term Health Care.

2.       Help you determine if coverage is suitable for you based on your financial situation.

3.      Determine if you health qualify for coverage and if so, with which company/companies.

4.      With your help, design a plan and shop for the best coverage at the best value.

 
Unlike most insurance agents and financial advisors, I understand how these plans work, how they are underwritten and how they get actually used at the time of claim. Few people have this level of experience. This is one of the reasons the American Association of Long Term Care Insurance listed me among the nation’s top 10 Long Term Care Specialists.

Discover how affordable planning can be!

http://mccannltc.net/free-quote/
 
#10pay #LTC #longtermcare #retirement #boomer

“Silver Tsunami” Hitting South Carolina and all of USA

South Carolina, like every state, is dealing with the greying of the population. Long Term Health Care is an issue. Most people are not prepared and have not planned despite the odds and the ability to use Partnership LTC policies to protect assets.

Most states have partnership programs available which provide dollar for dollar asset protection if you have a traditional qualified long term care 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.

Read the article and then act ... discover how affordable Long Term Care Insurance can be a key to your retirement plan.

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“South Carolina has seen and will continue to see unprecedented growth in the number of older adults in our population, with increased health, social and daily living needs. We are not nearly ready to meet them,” says University of South Carolina Professor Anna Scheyett in a guest column in “The State” newspaper.

The South Carolina Institute for Medicine and Public Health convened a task force on Long Term Care which Scheyett was part of. They examined these issues and made actionable recommendations. The task force was comprised of more than 60 health-care providers, advocates and researchers.

The report, published by the South Carolina lnstitute of Medicine & Public Health in June, 2015, said individuals of all ages can find themselves in need of Long Term Health Care due to limitations caused by physical, cognitive or chronic health conditions.

“Older adults, though, are more likely than most to need such services due to the limiting effects of aging. In fact, an estimated 70% of those over 65 will need Long Term Health Care in their lifetime. In 2014, an estimated 734,537 South Carolinians were age 65 and older, a number that is set to grow dramatically with the rise of the Baby Boom generation. By 2029, when the youngest Baby Boomers reach age 65, it is expected that our state’s population of older adults will exceed 1.1 million, resulting in 1 in 5 South Carolinians being over the age of 65,” the report stated.

Read full article here: http://longtermcareplanningnews.com/article?article=136


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#SouthCarolina #Partnership #longtermcare #LTC #retirement
 

 

Emory University: Women Bear Heavier Economic Burden for Alzheimer’s Care

Long Term Care has long been thought of as a women’s issue. I see this all the time in my 17 years in this business. The facts are women tend to be caregivers, live longer and as a result have a bigger physical, emotional and financial burden placed on them. Even if a husband is around, men tend not to be good caregivers and many times by the time a woman needs care the man is no longer around. A Emory study confirms what we already know. This is another good reason for women ... and men, to plan and make affordable Long Term Care Insurance part of their retirement plan. Many companies offer "shared care" products which allow a couple to even share benefits.

Read the highlights of the article below and click on the link for the full article. Then discover how affordable Long Term Care Insurance can address these concerns. See the link below to get information and quotes from all the top companies.

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The Emory Alzheimer's Disease Research Center published the results of a new research study which indicated what many people already suspected … Alzheimer’s is a women’s issue.

The study, published September 10, 2015 in the journal "Women's Health Issues", finds women bear six times the cost of Alzheimer's disease (AD) care, per capita, that men do. The authors say the greater cost burden is largely due to the informal care women deliver to family members with AD.

This is a real big issue for women since they are also in greater risk for developing Alzheimer’s. The Alzheimer’s Association says a 65-year-old American woman has a 1 in 6 chance of developing Alzheimer’s disease. That does NOT count other type of memory loss such as simple dementia that impacts people, nor does it count early onset Alzheimer’s which impacts younger people.

Women in their 60s are also twice as likely to develop Alzheimer’s than breast cancer, according to the report — “2014 Alzheimer’s Disease Facts and Figures” — from the Alzheimer’s Association.

The Emory study is suggesting that women, in general, are also the caregivers, at least on an informal basis which impacts them directly as a caregiver or economically as they deal with the costs of extended Long Term Care due to the memory loss of a loved one.

Read the rest of article here: http://longtermcareplanningnews.com/article?article=137

http://mccannltc.net/free-quote/
 
#longtermcare #retirement #healthcare #women #alzheimers