“SEC Adds to General Electric’s Long-Term Care Insurance Headaches,” by Allison Bell, ThinkAdvisor Quote:  “The U.S. Securities and Exchange Commission is officially taking an interest in the accounting for General Electric Co.’s long-term care insurance (LTCI) reinsurance operations. The SEC sent GE a Wells notice about the company’s insurance accounting practices Sept. 30, GE said Tuesday, in a current report notice filed with the SEC.” LTC Comment:   All’s not well that ends in a Wells notice.    
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“9 Surprising Secrets About Long-Term Care and Medicaid,” by Kathleen Coxwell, MoneyTalksNews Quote: “5. It is legal to manipulate your finances to qualify for Medicaid. … To accelerate Medicaid qualification, some retirees work with legal and financial specialists to gift money to family members, purchase annuities, put money into different kinds of trusts and do various other tricks to shield assets from being part of the Medicaid calculations. … 6. Medicaid planning is an industry. … There is a cadre of lawyers, consultants and advisers who help retirees manipulate their finances so that they can qualify for Medicaid and avoid
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“The Alzheimer’s Stamp Now Available to Purchase,” Argentum Quote: “The Alzheimer’s semipostal stamp has been reinstated and is now available for purchase at most post offices, online, and by phone at 1-800 STAMP-24. Before it was withdrawn in November 2019, over 8.2 million stamps were sold raising more than $1.06 million for NIH supported research. Using the Alzheimer’s stamp honors the memory of those lost and signals support for those still facing the challenges of this most difficult disease. Learn more.” LTC Comment:   Don’t forget to pick up some Alzheimer’s stamps.    
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“Walmart Jumps Into the Medicare Plan Distribution Market,” by Alison Bell, ThinkAdvisor Quote: “Walmart is putting its corporate muscle behind the idea of getting consumers excited about buying Medicare plans. The Bentonville, Arkansas-based retail giant announced today that its new Walmart Insurance Services LLC insurance agency division will be ready to sell Medicare plans in all 50 states and the District of Columbia starting Oct. 15, the first day of the Medicare plan annual election period.” LTC Comment:   What’s next, Amazon? Or is Bezos already there?    
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“The Problem With Buying Bundled Life and Long-Term Care Insurance,” by Ingrid Case,Money Quote: “If insurance that covers one peril is good, a policy that covers two is even better — or so the growing number of people who are buying hybrids of life insurance and long-term care insurance seem to believe. Yet financial advisors say these two-for-one products may offer dubious value for many consumers.” LTC Comment:   Well, at least Money is talking about LTC insurance.    
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