“How to Care for 2 Parents at Once Without Going Broke,” by Chris Taylor, Reuters

“Long-term care insurance covers expenses for nursing home or home care if you become incapacitated – most of which is not covered by Medicare. The coverage, like the care, can be extremely expensive, and to be sure, it did not cover all of Smithberg’s parents’ assisted-living costs. But, combined with their own life savings, the policy has meant that she has not yet had to dip into her own savings to pay for their care.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): As more and more people experience the trauma of caregiving for elderly parents,
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Categories: Industry News and Long-Term Care.

“Detection of Alzheimer’s,” by Kristine Dwyer, Today’s Caregiver

“An estimated 4.5 million people in the United States have dementia. On average, patients with AD live from 8 to 10 years after they are diagnosed, although the disease can last up to 20 years. The disease usually begins after age 60 and the risk increases with age. Younger people may get AD; however, it is much less common. Ten percent (10%) of Americans age 65 and older have AD and it affects fifty percent (50%) of Americans age 85 and older. AD is one of the most feared mental disorders because of its progressive and relentless attack on the
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Categories: Industry News and Long-Term Care.

Delivering a solution for clients

To help your clients plan for their potential need for long-term care, you can begin by reminding them that protecting the savings and income they have worked so hard to acquire is central to any solid retirement plan. If they do need care, the cost could quickly deplete those savings. Long-term care insurance can be a cost-effective solution, by providing benefits for care received in a wide range of settings, including the familiar comforts of home. “The John Hancock 2015 Long-Term Care survey revealed that 65% of Baby Boomer respondents identified the need for long-term care as the top possible
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Categories: Industry News, John Hancock, and Long-Term Care.

GoldenCare Newsletter, November 23, 2015

In this Edition: Don’t miss the 2016 Medicare Parts A&B Premiums and Deductibles compliance update.  New state product approvals from Guarantee Trust Life and John Hancock.   Also, this edition contains updates from MedAmerica, Genworth and more!  Plus enjoy a fabulous Guest tip on how to put your smartphone to use this Thanksgiving from Stephen Moses. Full GoldenCare Newsletter, November 23, 2015 Edition #goldencareagent #medicare
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Categories: GoldenCare News and Industry News.

Long Term Care Insurance Association Suggests New Thanksgiving Tradition,” by Jesse Slome, PR.com

“Put your smartphone to use this Thanksgiving by recording interviews with aging parents and grandparents suggests the head of the national long term care insurance trade group. Then post and preserve the recordings for posterity in the Library of Congress.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Another creative idea from the AALTCI to keep people thinking about elders, their stories, and their needs. Long Term Care Insurance Association Suggests New Thanksgiving Tradition #goldencareagent
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Categories: Industry News.

For Your Library: A Guide to Understanding Standalone LTCI

MedAmerica is pleased to offer agents a guide to understanding standalone LTCI. Every prospect needs to know the advantages and benefits of standalone LTCI. As your client’s Long-Term Care advocate, you can provide that knowledge and be their authority. Start Download #goldencareagent
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Categories: Industry News, Long-Term Care, and MedAmerica.

2016 Medicare Parts A & B Premiums and Deductibles Announced

“[Tuesday, November 10, 2015], the Centers for Medicare & Medicaid Services (CMS) announced the 2016 premiums and deductibles for the Medicare inpatient hospital (Part A) and physician and outpatient hospital services (Part B) programs.” Click the link below for the full announcement, including the 2016 premiums and deductibles. 2016 Medicare Parts A & B Premiums and Deductibles Announced #goldencareagent
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Categories: Industry News and Medicare Supp./Adv..

“3 types of insurance that can protect your family for years to come,” by Kathleen Elkins, Business Insiders

“While insurance policies are largely personal, and your coverage will evolve along with your life, there are three important types for all families to consider: disability, life, and long-term care insurance. … Unlike disability and life insurance, you’ll never stop needing long-term insurance.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Even more to the point, when you stop needing disability and life insurance is exactly the time you most need LTCI. 3 types of insurance that can protect your family for years to come #goldencareagent
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Categories: Disability Income Insurance, Industry News, Life Insurance, and Long-Term Care.

Driving Consumer Awareness and Interest

Many of your clients may rely on false notions when it comes to long-term care. It can be easier to think that other insurance will cover long-term care expenses or that government programs will pay the bills. Or, that they can pay out of pocket if care is ever needed. A great way to help your clients start thinking about long-term care is to provide them with the facts. “The ACTUAL cost of private nursing home care averages $94,200 annually2, according to a John Hancock Cost of Care Study.” Our Long-Term Care Quiz can help. It poses some basic questions
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Categories: Industry News, John Hancock, and Long-Term Care.

For Your Library: Long Term Care Awareness Social Media & Email Resources

MedAmerica is pleased to offer agents some LTC Awareness goodies for social media & email. Help spread the word! Download these complimentary social media and email images to up your LTC Awareness Month campaign. Start Download #goldencareagent
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Categories: Industry News, Long-Term Care, and MedAmerica.