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Finding the Right Long Term Health Insurance Christina Morales

October 2nd, 2014 | 0

Long Term Care InsuranceMy parents are Baby Boomers and in this past year they have spent more time in the hospital and at doctor’s appointments than either of them had ever planned. From bunion surgery to complications with a routine colonoscopy, my mom and dad have realized how much Medicare doesn’t cover and are grateful that they have a comfortable savings account to tap into if necessary. One major lesson learned is to expect the unexpected. With that said, have you considered long term health insurance?

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Choosing an Exchange Policy: What’s the Rush? Trudy Lieberman

October 4th, 2013 | 0

CFAHWill all the White House messages, the stream of breathless Twitter updates on the number of hits and enrollments, and the press hype surrounding opening day send the uninsured public into panic mode? Will they prompt buyers to consider only the premium and click to enroll ASAP? And why not? For weeks the administration, state exchange officials and supporters of the Affordable Care Act have been telling the public how cheap premiums will be — much cheaper than expected.

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Long-Term Care: The Crisis Nobody Talks About (Guest Post) Daniel Gaitan

July 24th, 2013 | 1

ObamaSpeachThe U.S. is running out of time to remedy its long-term health care crisis, Dr. Bruce Chernof, chairman of the Federal Commission on Long-term Care, told Chicago’s NPR affiliate. As long-term care insurance dries up and becomes more expensive, millions of baby boomers must begin planning now for uncertain futures.

“It’s important to recognize that we are going to age differently than our grandparents did,” Chernof said, “because 70 percent of folks over the age of 65 will need, on average, about three years of long-term services and support.” Twenty percent will need five years or more. Planning is vital because federal benefits will most likely be scarce; such care is not covered through standard health insurance and is not a prominent portion of Medicare or Medicaid.

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Are Health Insurance Rates Going Up or Down — A Cautionary Tale? Trudy Lieberman

June 13th, 2013 | 0

CFAHThe saga of insurance rates continues: will consumers buying coverage in the new state shopping exchanges find lower or higher rates?  On one side are those who say the newly insured will see lower premiums for coverage. Count the president in that camp. Others, including insurance industry types, say for many groups of people rates may be higher. What’s been left out of the debate, however, is the question: higher or lower compared to what? And here’s where the whole rate discussion gets murky and confusing.

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The Cost of Living Longer M.L. Sutton

November 2nd, 2012 | 1

HealthcareCostsThis post originally appeared here: http://online.wsj.com/article/SB10001424052970203937004578079184108523030.html?mod=googlenews_wsj#project=INVESTOR1027&articleTabs=article and was published by The Wall Street Journal.

Andee St. John is searching for an assisted-living facility near Columbia, S.C., for her 69-year-old mother, who was hospitalized recently after several falls. But finding the place with the right combination of price, amenities and services has been difficult.

So far, Ms. St. John has consulted with a financial adviser, a geriatric social worker and an elder-law attorney as part of her research.

 

“It’s been very eye-opening,” Ms. St. John says. “You don’t just pay one fee a month for assisted living. There are all these different add-ons.”

A growing number of families are wrestling with the same dilemma: rising costs for long-term care and a mind-boggling array of options.

 

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AARP Study: California Faces Soaring Demand for Long-Term Care M.L. Sutton

October 18th, 2012 | 0

AARPThis post originally appeared here: http://www.californiahealthline.org/capitol-desk/2012/10/long-term-care-demand-expected-to-soar.aspx#ixzz29ZXR5BCT  and was published by California Healthline.

California faces soaring demand for long-term care services, with a senior population expected to surge 90% by 2032, according to a new study by AARP.

The number of seniors age 85 and over — those most likely to need long-term care — will grow by 78%, significantly faster than the U.S. average, the report said.

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