tag:blogger.com,1999:blog-23374576.post6452160371695677443..comments2023-12-02T03:42:25.627-05:00Comments on Ohio Elder Law and Estate Planning: Long-Term Care Insurance: Pricey But Necessary?Russell Golowinhttp://www.blogger.com/profile/00070775812586771708noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-23374576.post-11226451750868417082011-11-15T22:43:58.580-05:002011-11-15T22:43:58.580-05:00Other medical expense benefits fall into a categor...Other medical expense benefits fall into a category in addition to the hospital, surgical and medical benefits previously discussed. These optional benefits vary from insurer to insurer and may or may not include as part of their standard policies. Separate policies can sometimes be written to include these benefits.Indiana Health Insurancehttp://www.indianainsurancegroup.com/noreply@blogger.comtag:blogger.com,1999:blog-23374576.post-11235205496913777472011-10-04T20:40:16.348-05:002011-10-04T20:40:16.348-05:00Usually the basic plan will pay covered expenses w...Usually the basic plan will pay covered expenses with no deductible up to the policy limit. Beyond that limit, the supplemental policy operates the same as a comprehensive policy that provides no other first dollar coverage. This means that after the basic policy limits are exhausted, a deductible kicks in followed by the major medical coverage.Affordable Health Insurance For Texashttp://www.usquotehunter.comnoreply@blogger.comtag:blogger.com,1999:blog-23374576.post-13595596931907375462008-10-14T18:11:00.000-05:002008-10-14T18:11:00.000-05:00David, thank you for commenting. Most clients wan...David, thank you for commenting. Most clients want to stay at home as long as possible.<BR/><BR/>The only ways that we can do that are:<BR/><BR/>1) Be lucky enough to have a well spouse or other family member that is willing and able to care for you...without killing or injuring themselves in the process (maybe set up a caregiver agreement here);<BR/><BR/>2) Have saved enough money to pay for that in-home care at a very high price each month (assuming you do not have the goal of leaving that money to be used in the well spouse's retirement or left to children);<BR/><BR/>3) Have a solid long term care insurance policy in place; or<BR/><BR/>4) Qualify for something like Ohio's PASSPORT program (provided through Medicaid), which will provide in-home care (but not round-the-clock) to qualifying seniors.<BR/><BR/>Clearly the least stressful on the family and easiest to set up is the LTCI. It's a very important issue for everyone to at least consider, in my opinion.Russell Golowinhttps://www.blogger.com/profile/00070775812586771708noreply@blogger.comtag:blogger.com,1999:blog-23374576.post-5660303589480286172008-10-13T09:37:00.000-05:002008-10-13T09:37:00.000-05:00This article is to accentuate the concept of havin...This article is to accentuate the concept of having a plan….not a policy. Nobody wants to buy insurance for something they do not think will happen. After all, I do not buy the extended warranties on my kitchen appliances. I do know it is possible they can need service, but I am willing to take the risk. That is my plan. However, if I have to replace my dishwasher…it will not be financially devastating or have any major effect on my family.<BR/><BR/>Although I believe that the risk of needing care my be less than my dishwasher breaking (hopefully) … the consequence to my family financially and emotionally could be devastating. My “plan” would most likely be to be able to stay in my own home…my last choice would be to enter a facility. The cost of home care can be as much as $100,000 per year. Where would the money come from? Without insurance I would have to rely on my income or assets. In retirement, my assets would be providing most of my income….and there is no “extra” income. So in actuality, Long Term Care Insurance would be the least expensive way to finance my “plan”. This way my assets and income would be undisturbed, and my family could continue their lives and lifestyles without having to sacrifice. <BR/><BR/>The conclusion is that Long Term Care planning is not about the risk of needing care…..its about the consequences to your finances and family. A good Long Term Care Insurance specialist can custom tailor an insurance plan to suit your needs and your budget. Schneider & Shulman Associates will do that for you at no charge. Call us toll free at 1 877 View LTC or visit ssltc.comAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-23374576.post-69669196683701083222008-10-13T07:56:00.000-05:002008-10-13T07:56:00.000-05:00As a small business owner, we have LTC insurance i...As a small business owner, we have LTC insurance in case something happens to either one of us. It wasn't an easy decision to make but we are confident that we made the right decision.Lauriehttps://www.blogger.com/profile/02985952566947294158noreply@blogger.com