“Q&A Column”

“Q&A Column,” Orlando Sentinel “Q: I have a relative in a nursing home paying $73,000 per year. Her roommate is on Medicaid, gets the same level of care, and pays only the value of her Social Security. Is there a financial plan that shields savings in the event this situation occurs? — M.P., Winter Springs A: Yes, long-term care insurance is designed to pay the cost of home health care, assisted-living and convalescent care expenses. Long-term care insurance is expensive. The time to consider it is well before the need for it arises. — Larry Breen” LTC Comment (from Stephen
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Categories: Industry News.

“Older Americans want to work — so why aren’t they?”

“Older Americans want to work — so why aren’t they?,” by Jacob Passy, MarketWatch “If given the choice, many older Americans would be willing to return to work. Roughly two in five retirees said they would be open to going back to work if they could find a similar job in terms of pay, responsibilities and hours worked as their last one, according to a new working paper distributed by National Bureau of Economic Research. And yet despite this willingness to continue working, two-thirds of older Americans go straight into full retirement, according to a separate report released in June.
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Categories: Industry News.

“Economic Freedom of the World”

“Economic Freedom of the World,” Cato Institute “The foundations of economic freedom are personal choice, voluntary exchange, and open markets. As Adam Smith, Milton Friedman, and Friedrich Hayek have stressed, freedom of exchange and market coordination provide the fuel for economic progress. Without exchange and entrepreneurial activity coordinated through markets, modern living standards would be impossible. Potentially advantageous exchanges do not always occur. Their realization is dependent on the presence of sound money, rule of law, and security of property rights, among other factors. Economic Freedom of the World seeks to measure the consistency of the institutions and policies of
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Categories: Industry News.

“SNFs’ neighborhoods, Medicaid reliance linked to providers’ fiscal stress”

“SNFs’ neighborhoods, Medicaid reliance linked to providers’ fiscal stress,” by Emily Mongan, McKnight’s LTC News “The economic and racial makeup of the neighborhood where a nursing home is located plays a big role in how financially stressed it is, a new study confirms. . . . The study’s State University of New York-based authors found skilled nursing facilities in neighborhoods with a higher concentration of minorities were more likely to be fiscally stressed and have lower quality ratings than other homes.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Why do you suppose that is? SNFs
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Categories: Industry News and Long-Term Care.

“Retirement planning should include long-term care costs”

“Retirement planning should include long-term care costs,” by Alexandra Olson, AP “Many Americans have a blind spot when it comes to retirement planning: long-term care costs. Even though the majority of Americans will at some point need long-term care, few are planning for it. Many underestimate the costs and mistakenly believe health insurance can help cover it. . . . Here is some guidance on how you can get a jump-start on planning. . . . So it’s a good idea to take the time to research Medicaid rules, particularly what sorts of assets you might have to spend down
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Categories: Industry News and Long-Term Care.

“Confronting Retirement in a Low-Yield World”

“Confronting Retirement in a Low-Yield World,” by Christine Benz, Morningstar.com “One key risk factor for Stephen and Diane’s plan–as is the case with so many retirees today–is that they don’t have long-term care insurance. Unfortunately, purchasing insurance at their age can be extremely expensive; depending on their health, it may be unavailable. I’d recommend that they think through an action plan on this front–either carving out a long-term care fund and segregating it from the rest of their portfolio or investigating some type of long-term care coverage such as a hybrid annuity/long-term care policy. This article discusses the pros and
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Categories: Industry News and Long-Term Care.

“Medicaid is out of control and unsustainable. Work requirements could help”

“Medicaid is out of control and unsustainable. Work requirements could help,” by Nicholas Horton, National Review “The Medicaid program is at its breaking point. Even before Obamacare lured some states into expanding the program to non-disabled, working-age adults, Medicaid was growing at an alarming rate. Now, in the Obamacare era, the program is growing even faster, siphoning more and more resources away from folks who truly depend on Medicaid for survival. A new report, released this week by the Foundation for Government Accountability, gives a glimpse of just how serious the problem is.” LTC Comment (from Stephen A. Moses, President,
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Categories: Industry News and Long-Term Care.

Good News | LTCi Plan Pricing And Comparisons At Your Fingertips

  Another Way We Support Your LTCi Sales Success! Another Way We Support Your LTCi Sales Success! In the midst of LTC Awareness Month, don’t forget about valuable tools that can help you work smarter (not harder). Enjoy complementary access to the StrateCision LTC Comparison Tool, a resource which allows you to quote and compare plans with all of the major LTCi carriers. Access it now by clicking on the image below. Or find it within the “Products” dropdown menu on www.goldencareagent.com. Read Full Good News Article #goldencareagent #ltci #long-term care
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Categories: GoldenCare News, Industry News, and Long-Term Care.

GTL’s Thanksgiving Holiday Hours

We hope your holiday is abundant with great food and joyful times with your family and friends.   GTL will be closed on Thursday, November 23 and Friday, November 24 We will resume normal business hours starting at 7:00AM CST Monday, November 27 Voice Verification Hours Thursday, November 23 SVC will be closed Friday, November 24 SVC will be open normal business hours (8AM – 9PM CST)   GTL’s Thanksgiving Holiday Hours   #goldencareagent #gtl #thanksgiving
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Categories: Guarantee Trust Life, Hospital Indemnity Plan, and Industry News.

Sentinel Holiday Office Hours

Holiday Office Hours The holidays are nearly upon us, and we are looking forward to delicious food, good fun, and time off with our families! In an effort to serve you best, we would like to announce our upcoming holiday office closures. Thursday, November 23 – Friday, November 24, 2017 – Our offices will be closed all day. We will resume normal business hours on Monday, November 27, 2017. Friday, December 22, 2017 – Our offices will close at Noon (12:00 PM, MST). Monday, December 25, 2017 – Our offices will be closed all day. We will resume normal business
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Categories: Industry News, Life Insurance, Medicare Supp./Adv., and Sentinel Security Life.