“Alzheimer’s dementia disproportionately affects women in a variety of ways. Compared with men, 2.5 times as many women as men provide 24-hour care for an affected relative. Nearly 19 percent of these wives, sisters and daughters have had to quit work to do so. In addition, women make up nearly two-thirds of the more than 5 million Americans living with Alzheimer’s today. According to the Alzheimer’s Association 2016 Alzheimer’s Disease Facts and Figures, an estimated 3.3 million women aged 65 and older in the United States have the disease. To put that number in perspective, a woman in her sixties
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“Having as many resources as possible to cover long-term care needs is an important part of a holistic financial plan. A reverse mortgage line of credit can ensure you’ll have funds readily available at the time of need.” LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Yeah, RMs are the salvation for private LTC financing, but only when Medicaid stops exempting up to $828,000 worth of home equity.  When that happens—notice I say when, not if—people will start using RMs to pay for LTC at which point the world will wake up to a better idea—plan
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“The Financial Condition Committee recently approved a set of 2017 charges that call for the working group to ‘evaluate and consider long-term care … insurance and the impact of (long-term care) insurer insolvencies on the Life and Health Insurance Guaranty Association Model Act (Number 520),’ according to a meeting summary report.  …  Some have suggested that long-term care insurer insolvencies may be of interest to health insurers as well as to long-term care insurance issuers, because some states treat long-term care insurance as a health product and make health insurers share in the cost of helping failed long-term care insurance
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