Wednesday, October 28, 2015

LTC Partnership Coming Soon to IL, MI and NM?

I was honored to be on of the major speakers at the American Association for Long Term Care Insurance conference on October 27, 2015 at the Hyatt at Dulles ( just outside DC).

Also announced at the conference that the states of Michigan, Illinois and New Mexico are closer to adopting the federal/state partnership program as authorized by the federal Deficit Reduction Act (DRA). This provides dollar-for-dollar asset protection if you have a qualified partnership ‪#‎LTC‬ policy. Learn how affordable Long Term Care Insurance can be and make it part of your retirement plan. Go to: http://mccannltc.net/






‪#‎longtermcare‬ ‪#‎partnership‬ ‪#‎boomers‬ ‪#‎retirement‬ ‪#‎healthcare

Sunday, October 4, 2015

Matt Damon says to 'do the math' in the movie "The Martian'", so do the math!


In the movie 'The Martian' Mark Watney (Matt Damon) says to 'do the math' when dealing with a problem. In dealing with the issue of LTC planning do as Matt Damon suggests and 'do the math'. Affordable #LTC insurance can address the physical, emotional and financial burdens Long Term Health Care can have on loved ones. Make Long Term Care Insurance part of your retirement plan.
 
Some people think Long Term Care Insurance is too expensive. If you 'do the math' you will see it is VERY affordable, especially if you plan prior to retirement when you are younger and more healthy.
 
Most people I speak with are now in their 40's and 50's. No matter what your age generally we can find a very affordable plan to address the issue of Long Term Health Care.
 
Some people think it won't happen to them. Again, 'do the math'. The US Department of Health and Human Services says if you reach the age of 65 you will have a 70% chance on requiring some type of Long Term Health Care service before you pass.
 
Some people think they can 'self insure'. Again, do the math. You can never time when you will need help with activities of daily living, supervision due to memory issues or other skilled or custodial Long Term Health Care service. If the market is down you might have to 'sell' at a loss. Your 'loss' still maybe a gain ... and Uncle Sam will want part of your gain as well. In addition to using your own money to still are creating a burden of your loved ones. The math suggests affordable Long Term Care Insurance is a much more logical way to plan for this risk. Protect your 401k, IRA's and other assets while at the same time not being a burden on those you love.
 
So get help 'doing the math' .... Learn now about how Long Term Care Insurance may help you and your family.
 
Get quotes and learn more now: http://mccannltc.net/free-quote/
 
 

http://mccannltc.net/free-quote/
 

Do the math ... and bring home affordable Long Term Care Insurance and make it part of your retirement plan.

#‎Martian‬ #LTC ‪#‎boomers‬ ‪#‎retirement‬ ‪#‎MattDamon
 
 
 

Thursday, October 1, 2015

Lack of LTC Planning Cause of Career Crisis for Caregivers

As more people require Long Term Health Care more family members have become caregivers. A new survey suggests the impact on those loved ones is not limited to emotional and physical burdens. Affordable LTC Insurance can be helpful. Learn how you can make LTC insurance part of your retirement plan to protect your family and assets: http://mccannltc.net/

‪#‎LTC‬ ‪#‎longtermcare‬ ‪#‎retirement‬ ‪#‎caregivers‬ ‪#‎boomers


Genworth Financial, one of the nation’s leading providers of Long Term Care Insurance, released results of a survey today (October 1, 2015) citing that the caregivers providing care for adult parents are burdened more than you would expect.

Providing care for loved ones has taken a toll on the careers of half of caregivers surveyed in Genworth’s latest Beyond Dollars study, with 11 percent actually losing their jobs and another 10 percent having to change careers. That’s in addition to the other financial, physical and emotional impacts of caregiving examined in the survey.

Genworth released the survey findings today during its annual Long Term Care Symposium on Capitol Hill, which brought together many of the nation’s leading caregiver advocates and lawmakers to highlight the challenges of caregiving and explore ways to make that job easier on families.
Caregiving responsibilities may include helping with activities such as bathing, dressing and household chores.

Among caregivers surveyed in the study, 51 percent felt that caregiving responsibilities negatively impacted their ability to perform their jobs. That’s not surprising considering these findings:

•77% reported missing some work during the past year, up 19% from when caregivers were surveyed by Genworth in 2010
•Caregivers missed an average of 7 hours of work per week
•19% missed 10 or more hours of work per week

As a result of their caregiving responsibilities:
•11% lost their jobs
•10% had to change careers and
•12% had to change positions

Absences, reduced hours and chronic tardiness also translated into a significant reduction in caregivers’ paychecks. Approximately one-third of caregivers provided 30 hours or more of care a week. And, on average, caregivers reported having lost one-third of their income.

“Although caregiving brings many rewards, it can also have very real negative consequences for families who haven’t planned ahead for the possibility of their loved ones needing long term care,” said Suly Salazar-Layton, director of Thought Leadership at Genworth’s U.S. Life Insurance Division. “In fact, 50 percent of respondents said if they could do anything differently, it would be to do a better job of planning. Our hope is that this study will encourage families to sit down and have that talk well before caregiving becomes a crisis.”

The Denial Factor –

The study also highlights several factors contributing to respondents’ reluctance to plan early. Two of the biggest factors cited were “not wanting to admit care was needed” and “not wanting to talk about the issue” (cited by 30 percent and 25 percent, respectively). Overall, caregivers who planned earlier for long term care arrangements saved money. For instance, caregivers providing care to recipients who had long term care insurance were able to secure a reimbursement of 23 percent of their qualified out-of-pocket expenses.

“It’s not easy to admit when there is an issue, especially when it comes to matters of declining health, and it’s not always easy broaching the topic of long term care with the people you love,” said Salazar-Layton. “But meeting the challenge with action – speaking with your loved ones and meeting with a financial professional – does make things easier in the long run for caregivers and care recipients.”

Beyond Dollars found that almost half of care recipients (48 percent) had considered the possibility of a need for long term care, but only one-quarter of this group (26 percent) had actually made a plan to cover their potential needs. Even planners felt they could have been better prepared: 63 percent of this group believed they should have taken steps sooner, which would have led to reduced stress.

http://mccannltc.net/free-quote/