"Just the Fact Mam" Who need LTCi Services

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For years I have used the Nursing Home Statistics provided by the CA Partnership for LTC.  to support the planning for long-term care, Which is: 

Of the People who reached age 65: Men 1 out of 3, Women 1 out of 2 will need a Nursing Home before death.  The average stay will be 2.5 to 3 years.  For everyone who needs a Nursing Home 4 will be taken care of at home.

I have said it so many times it has lost it's meaning.   So hear are some new stats that I hope will bring back into focus the growing long-term care need.

According to the U.S. Department of Health and Human Services, in 2007, about nine million men and women over the age of 65 will need long-term care services. By 2020, 12 million older Americans will need long-term care. Most will be cared for at home. In fact, an agency study revealed that family and friends are the sole caregivers for 70 percent of all elderly Americans needing long-term care. The research also showed that people who reach age 65 have a 40 percent chance of entering a nursing home during their lifetime. About 10 percent of the people who enter a nursing home will stay for five years or more.

A research project concerning the likelihood of needing long-term care services was conducted by Milliman USA, (an actuarial consulting firm). The results of the study were published in the December 2005 edition of LTCi Sales Strategies magazine:

Out of every 1,000 65-year-old policyholders:

- 449 will need LTC services
- 106 will need LTC for > 2 years
- 59 will need LTC for > 3 years
- 34 will need LTC for > 4 years
- 20 will need LTC for > 5 years

The length of stay also varies significantly depending on the policyholder’s gender and whether the policyholder is married or single. The two “extremes” for a 65-year old are shown (that for a married male (lowest) and a single female (highest)):

Out of every 1,000 married 65-year-old males:

- 302 will need LTC services
- 20 will need LTC for > 2 years
- 12 will need LTC for > 3 years
- 7 will need LTC for > 4 years
- 4 will need LTC for > 5 years

Out of every 1,000 single 65-year-old females:

- 555 will need LTC services
- 70 will need LTC for > 2 years
- 51 will need LTC for > 3 years
- 35 will need LTC for > 4 years
- 23 will need LTC for > 5 years

Joe Friday on Dragnet always said "Just the facts mam."   

These are the facts.  So what? Facts mean little unless accompanied with "Personal Experience".    Again emotion triumphs  logic.   Facts don't motivate-real life experiences do.

 It is Life that occurs while weighing the facts. 

2013 Medi-Cal Resource & CA Partnership Limits

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Medicaid/Medi-Cal Limits
The 2013 Community Spouse Resource Allowance (CSRA)  is $115,920 up from $113,640 (2012)

The maximum Minimum Monthly Maintenance Needs Allowance (MMMNA) for 2013 is $2,898 up from $2,841 (2012)

2013 (DRA 2005) Home Equity Limits: Minimum $536,000 Maximum $802,000 (CA)

CA Average Semi Private N.H. Rate 2013: $7,098
CA Partnership Minimums 
CA Partnership for Long Term Care Minimum Daily Benefit for 2013 is $170 a day for Nursing Home and $119 per day (70% of N. H.) for Residential Care and Assisted Living. Minimum Monthly reimbursement for Home Care (50% of N.H.) is $85 x 30 = $2,550 and $85 x 31 = $2,635. Average Private Pay (Nursing Home) Rate has not been released.  ( It will most likely to remain at $8,640)

Medicare Part B (Medical Insurance Cost)
If your yearly income in 2011 was
Individual           File Joint Return                You Pay
$85,000               $170,000                         $104.90
$85-$107K          $170-$214K                     $146.90
$107-$160K        $214-$320K                     $209.80
$160-$214K        $320-$428K                     $272.70
above $214k        above $428K                   $335.70 

Skilled Nursing Facility Stay
In 2013, you pay

• 0 for the first 20 days of each benefit period
• $148 per day for days 21-100 of each benefit period
• All cost for each day after 100 of the benefit period

LTCi 401: Policy Benefit Choices and Options

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This is an attempt to provide a brief outline of the features and benefits of a Tax Qualified Long Term Care Insurance policy. Descriptions of Choices Options and Features will be discussed at another time.

Choices:

When you decide to purchase LTCi your first choice is what type of policy: Reimbursement, Indemnity or Cash benefit?  Secondly the daily amount: $50-$400 a day.  Then in order to determine the TOTAL amount available in your policy you have a choice of 365 days 1Year (CA Partnership Only) 730 days 2 Year, 1,095 days 3 Year, 1460 Days 4 Year etc.  Some companies may still offer Unlimited (Life Time).

Example: (Reimbursement-No inflation protection)

          $200 of Daily benefit x 1,095 day = $219,000 of Total benefit.

A.   Maximum amount available is no more $200

B.   Total Benefit to be received is $219,000 (LTCi Account Value)

C.   One purchases is dollars not time.  IF one chooses to be reimbursed $100 a day for services received the benefit will last twice as long (6 Years)

Other benefits possibly included in a basic policy: Equipment and Home Modification, Caregiver Training, Respite Care, Bed Reservation, Care Management, Medical Alert, Ambulance service

Options

When considering the purchase of Long-Term Care Insurance there are many options that one needs to consider.  Options increase the cost of the policy.  Some options, like Automatic Inflation are recommended in order to keep pace with the cost of care.  Other options such as Restoration of Benefits are unlikely to occur and are priced accordingly.

Here is a list of options (not all) that are found in policies.  Remember that definitions of these options defer between companies.

·         50%-100% of Nursing Home Benefit for Home Care

·         70%-100% of Nursing Home Benefit For Residential Care

·         Daily or Monthly reimbursement for Home Care

•           Automatic Inflation Protection

o   5% Compound

o   3% Compound

o   5% Simple

(Provided by Genworth)
o   CPI (Consumer Price Index) Inflation protection


(Provided by John Hancock Ins.)

·         Elimination Period 30, 60, 90, 180, 360 Days

o   Calendar Days or Service Days

o   Without or With: Waiver for Home Care Service

·         Shared-care Benefit

·         Survivorship and Waiver of Premium

·         Dual Waiver of Premium

·         Restoration of Benefits

         Nonforfeiture 

November is Long-Term Care Awareness Month

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“When faced with two equally tough choices, most people choose the third choice: to not choose.".....Jarod Kintz

The question is not if you'll need care, but when.  The best time to plan for care was yesterday. However , you'll never be younger and probably not healthier than today.

You can't avoid aging, it happens.  With good health habits you can enjoy a long life.   Still the potential of needing assistance improves the longer you live.  Your options when in good health are two: 1. Taking on the risk yourself  2. Transfer the risk with: Traditional Long-Term Care Insurance or Life Insurance with a long-term care rider.  When you lose your health your options are still two: 1. Take on the risk yourself. 2 Transfer your estate to become a "ward of the state".  

The simple truth is LTC insurance remains the best option to protect individuals and their families.  The insurance and financial industry needs to be more effective in educating the public that medical and disability benefits do not cover LTC, as well the limitations of government programs, like Medicare and Medi-Cal.  

It is vital to take action, be proactive in long-term care planning.

“A year from now you may wish you had started today.”.....Karen Lamb

LTCi Update and/or Comment: Full-Gale Warning

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Storm clouds are on the horizon for Long-Term Care Insurance.  This year Guardian, Prudential and MetLife left the market.  Unum eliminated their Small Group LTCi program.  John Hancock came back into California, however, at a greatly increased premium.

Much of the turmoil is due to the Federal Reserve keeping low yields on the bonds portfolio’s making it difficult to maintain reserves sufficient to cover liabilities that increase by 5% annually.   This compounded by the fact that insured’s do not voluntarily lapsed their coverage at the previously anticipated 6% rate.  Most carriers are seeing less than a 1.5% lapse rate.  (You buy LTCi - You keep LTCi)

Genworth, the largest underwriter of LTCi, is not immune to the fiscal crisis.  They have cut agent’s commissions by 15%, are eliminating unlimited benefits and limited pay options.  In some states Genworth has reduced couples discount from 40 to 20% and eliminated preferred rating discounts.

Now there is talk of charging separate rates for men and for women who buy individual LTCi coverage instead of charging one blended unisex rate.  This will mean higher prices for women. Why?  Women tend to live longer, spend more time receiving long-term care services, and, if they are married, tend to be more likely than men to end up needing formal LTC services, not being able to depend on a spouse to provide the care.

LTCi will survive.  For now, baton down the hatches, set your sea anchor or find a safe harbor and prepare to ride out the storm. 

Conclusion: 

Don't wait for the policies to get better or less expensive, or for others to provide for you.  If it is affordable buy it.  You'll never be younger and probably not healthier than you are today.   

2013 LTCi TAX Limits

2013 Tax Limits for LTCi Announced

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THE IRS has released the 2013 limits  (Rev Procedure 2012-41)

Attained Age Before Close of Taxable Year
      40 or less                                                   $ 360         (2012 is $350)
      More than 40 but not more than 50     $ 680          (2012 is $ 660)
     More than 50 but not more than 60     $1,360       (2012 is $1,310)
      More than 60 but not more than 70      $3,640      ($3,500)
      More than 70                                             $4,550      ($4,370)

For calendar year 2013, the per-diem limitation under Section 7702B(d)(4) for periodic payments received under a qualified long-term care insurance contract is $320 (the 2012 limit was $310).
    

LTC NEWS: CalPERS Tried LTC and failed (under construction)

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I was there in 1996 when CalPERS came out with LTCi for public employee's and teacher.  They competed directly with LTCi insurance companies, but was not regulated as insurance.  This is a self funded program not "insurance".  Was not regulated by CA Dpt. of Insurance. 

Early policies were 90 service day elimination / 50% of Nursing Home Home & RCF benefit.

I believe their primary problem underwriting that permitted employees with existing chronic health problems coverage.   They were adversely selected by their employees.   
The lower than expected-investment-gains has effected all LTCi insurance companies.  Since most policies have a 5% compound inflation benefit that doubles the daily benefit in 15 year.

Lesson to be learned: Government should regulate not compete with the medical insurance industry.  This was a virgin LTCi benefit.   CalPERs was trying to provide a benefit already available by private insurance.   They FAILED.  Their employees will suffer.  The LTCi industry will suffer.   

Note:

CalPERS 1 & 2 year coverage are CA Partnership policies which did has not suffered like their 3, six and Lifetime coverage. 

  

CalPERS committee votes to hike rates for long-term care insurance

By Dale Kasler
dkasler@sacbee.com

Published: Tuesday, Oct. 16, 2012 - 11:54 am

Last Modified: Tuesday, Oct. 16, 2012 - 1:36 pm
Bold added by Charles Schug

A CalPERS committee today approved an 85 percent rate hike for the organization's troubled long-term care insurance program, despite protests from retirees.

The increase, assuming it's approved by the full CalPERS governing board, would affect some 112,000 public employees and retirees who have bought the coverage, or about three quarters of all the policyholders. It would be phased in over two years starting in 2015. Policyholders would have the option of getting a 79 percent increase - if they agree to absorb it in one year.

Kathy Donneson, CalPERS' chief of health plan administration, called the increase "the best course of action to create stability in the fund."

The CalPERS pension and health benefits committee voted 9-0 to approve the increase. The proposal goes to the the full CalPERS board Wednesday.

The rate hike would cost policyholders hundreds or thousands of dollars a year in additional premiums, depending on their age. The program, which pays for stays in nursing and convalescent homes, is suffering financially from lower-than-expected investment gains and higher-than-expected claims.

Unlike its pension plans, CalPERS' long term care program doesn't get taxpayer support. CalPERS officials say the plan is solvent for now but faces significant shortfalls in years to come if rates don't rise.

"Not doing this will cause the plan to fail," said committee member Tricia Wynne, representing State Treasurer Bill Lockyer.

Retirees said the higher rates would create an enormous hardship. "It represents a threat to the retirement security of many of the retirees," said Phil Sherwood, executive director of California State Retirees.

The CalPERS committee also voted to create a less comprehensive benefit package that's designed to spare policyholders the big increase. Instead of lifetime benefits, the plan would cover 10 years. CalPERS officials said only 1 percent of policyholders need more than 10 years worth of benefits.

© Copyright The Sacramento Bee. All rights reserved.

Read more here: http://www.sacbee.com/2012/10/16/4916230/calpers-committee-votes-to-hike.html?goback=%2Egde_3712756_member_175873183#storylink=cpy

Proposed Legislation: Medicaid Long-Term Care Reform Act of 2012

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Is this the beginning  of  meaningful legislation promoting pre-planning for long-term care.

H.R.6300 
Latest Title: Medicaid Long-Term Care Reform Act of 2012 
Sponsor: Rep Boustany, Charles W., Jr. [LA-7] (introduced 8/2/2012)      Cosponsors (4) 
Latest Major Action: 8/6/2012 Referred to House subcommittee. Status: Referred to the Subcommittee on Health.

---

Bold Added by Charles Schug
SUMMARY AS OF: 
8/2/2012--Introduced.

Medicaid Long-Term Care Reform Act of 2012 - Expresses the sense of Congress that: (1) Congress should repeal the Community Living Assistance Services and Supports Act (CLASS Act); (2) federal and state governments should work to reduce the number of middle-income individuals who will rely on Medicaid to finance their long-term care (LTC) needs; and (3) the Secretary of Health and Human Services (HHS) should comply with the annual reporting requirements under the Deficit Reduction Act of 2005 relating to LTC insurance partnerships, and promote discussion about the consequences that families and states might encounter if nothing is done to change the trajectory of projected state and federal spending on LTC services under title XIX (Medicaid) of the Social Security Act (SSA).

Directs the Secretary to provide to states: (1) technical assistance on the implementation and administration of qualified state LTC insurance partnerships, and (2) information on best practices for such partnerships to reduce future state and federal expenditures on LTC services under Medicaid.

Directs the Secretary to: (1) provide technical assistance to states on requirements related to the mandate to seek recoveries from estates, and (2) hold an annual event to assist states in evaluating methods of implementing such requirements and exchanging best practices information on them.

Amends the Deficit Reduction Act of 2005 to direct the Secretary, acting through the National Clearing House for Long-Term Care, to establish a public-private initiative to coordinate among the Clearinghouse, state governments, and relevant nongovernmental entities for: (1) increasing the number of targeted middle-income individuals who receive consumer education with respect to long-term care under Medicaid and SSA title XVIII (Medicare), (2) enhancing the quality of information that targeted consumers receive, and (3) improving the accessibility of such information for consumers who seek it.

Expands Clearinghouse duties to include educating consumers with respect to the availability and limitations of Medicare coverage for long-term care.

Directs the Secretary to: (1) evaluate methods to expand LTC insurance coverage for middle-income individuals through the State Long-Term Care Partnership Program for improving their retirement security and LTC options; (2) solicit and evaluate ideas from stakeholders on policy options to reduce such expenditures; and (3) study the effectiveness of certain federal laws relating to treatment of assets for purposes of determining eligibility for Medicaid long-term care, estate recovery under Medicaid, the look-back period for transfers of assets for purposes of Medicaid eligibility, and the disqualification of individuals with substantial home equity for LTC assistance under Medicaid.

Directs the Director of the Congressional Budget Office (CBO) to report to Congress on: (1) the projection of the number of middle-income people who will rely on Medicaid to finance their LTC needs, (2) an estimate of the cost of reliance on Medicaid to state and federal governments, (3) an estimate of the change in the cost that would result from certain policy options such as reduction in the home equity exemption, and (4) the estimate of the change in the cost estimate that would result if each such policy option were adopted and funding for LTC services under Medicaid is provided to states through a block grant.

Comment:
Are not these studies and assistance  already being done? 
 What should be legislated is: A. above the line deduction for all who purchase LTCi without the 7.1% of adjusted Gross income medical expense requirement.  B. Allowing LTCi to be purchased through a section 125 "Cafeteria plan" with employees  pre-taxed income. C. Providing a TAX Credit for the purchase of LTCi. D. Continue closing the loopholes used by "Medicaid planners" that allows the shifting and shielding of wealthy individuals to qualify for  Medi-Cal (Medicaid).    E.  Educating the Public to the need and cost of long-term care.   The lack of public assistance to the meddle class.  How the purchasing of LTCi when healthy and young can protect your lifetime savings. 

LTCi 202: Filial Responsibility

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In California as well in about 30 other states there currently are laws making adult children responsible for their parents if their parents can't afford to take care of themselves.  California's Family Code (Sec. 4400) states "Except as otherwise provided by law and adult child shall to the extent of his or her ability, support a parent who is in need and unable to maintain himself or herself by work."

Although California is not currently enforcing this code.   With the passage of the Deficit Reduction Act. and California's eventual implementation it, (SB 483) children could soon be found responsible for the parents well being legally as well as morally.  Read More

This concern should be discussed further with an  Estate Planning  or Elder law attorney.  Two solutions are:

Life Insurance: You may purchase life insurance for your parents.  You would be the owner of the
of the policy and after your parent's death, the proceeds could be used to pay final long-term care bills.

Long-Term Care Insurance: If your parents who qualify, but can not afford , long-term care insurance, you may buy the coverage for them, it could help reduce or eliminate the cost of their care.

AGENT Up Date On Genworth CA LTC

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Effective November 5, 2012, the following changes will take effect on new Genworth Choice and California Choice Partnership  Long Term Care Insurance business. This will not impact in force business.

Suspend sales of Lifetime (unlimited) benefits

Suspend sales of Limited pay options (10 pay and pay to 65)

Applications must be dated prior to Nov. 4, 2012.

Applications must be in this office prior to Nov. 7

Applications must be in Genworth's home office by Nov. 12.

No exceptions.

The top reasons for planning ahead for long term care are "not being a burden on others" and being "able to afford quality care in the setting I choose" and "protecting my loved one's quality of life and future security" 

2012 LTC TAX GUIDE

NOTE I have add the color (red) comments, bold, and Italics.  

Please note that the tax information provided is an interpretation of federal guidelines.  Client/Agents should consult with their tax advisor regarding any tax-related issues.

2012 Tax Advantages of Qualified LTC Insurance

Understanding the tax advantages and benefits of qualified LTCi can be a benefit to you when working sales in both the individual and employer group markets. 

                                                                                              2013 Update

Attained Age Before The Close Of Taxable Year	Eligible Annual LTC Premiums
40 or Less	$350     2013   $360
More than 40 but not more than 50	$660                $680
More than 50 but not more than 60	$1,310              $1,360
More than 60 but not more than 70	$3,500              $3,640
More than 70	$4,370              $4,550

   

 For calendar year 2012, the per-diem limitation under 7702B(d)(4) regarding periodic payments received under a qualified LTC insurance policy is $310.

INDIVIDUALS

Qualified Long Term Care insurance (LTCi) premiums and expenses are deductible personal medical expenses for those who itemize. For additional information see Section 213 of the Internal Revenue Code. Only unreimbursed medical expenses in excess of 7.5% of adjusted gross income are deductible based upon the government age-based table.  This must change.  There should be an above the line deduction of LTC.  Tax credits would also make it more affordable.

PASS THROUGH ENTITIES

Self-employed Individuals

Under Section 7702B(a)(3), a self-employed person may deduct 100% of premium paid for the individual, as well as the individual’s spouse and dependents, up to the maximum eligible allowed as indicated in the above chart without regard to the 7.5% limitation.

 LIMITED LIABILITY CORPORATIONS, PARTNERSHIPS & S-CORPORATION 2%+ OWNERS

The above entity business owners are all treated as if they are partners. LTCi premiums have been classified as health insurance under Section 7702B(a)(3) and when the business pays the premium, it is 100% tax deductible by the business entity. The LTCi premium becomes taxable income to the business owner as “guaranteed” income. IRC Section 707(c); IRC Section 162; IRC Section 61. From the business owner’s tax return and applicable schedule used for business income and expenses, the eligible premium for long term care will be an above the line tax deduction.

C-CORPORATIONS, PC CORPORATIONS & TAX-EXEMPT ORGANIZATIONS

The above businesses may deduct, as a business expense, all qualified LTCi premiums paid for its employees, employees’ spouses and dependents, as well as retirees and their spouses. This includes the business owner, who is considered an employee of the corporation. The employer’s contributions toward the cost of the premium are not included as imputed income to the employee. IRC Section 162(1); IRC Section 106.

CONTRIBUTORY ARRANGEMENTS

When the employer and the employee share the cost of the LTCi premium, the company may deduct all premium it contributes for qualified LTCi plans as a business expense. Premiums paid for spouses and dependents of employees and retirees and their spouses, are treated similarly. For federal income tax purposes, the employee’s portion of the premium is treated as if paid by the individual, and is deductible – subject to the age based limits for individual taxpayers – if the employee’s total unreimbursed medical expenses, including qualified LTCi premiums, exceed 7.5% of the employees adjusted gross income.

PER DIEM CONTRACTS

For 2012, the tax-free receipt of benefits under a per diem policy is limited so that policyholders will be taxed on the amount of benefits which exceeds the greater of $310 per day or the amount of qualified long term care expenses incurred by the insured.

Source: http://www.irs.gov/pub/irs-drop/rp-11-52.pdf   This is not providing tax or legal advice. You should consult your own tax, legal or other professional advisor before promoting these products to your clients. To ensure compliance with requirements imposed by the IRS in Cir. 230, we inform you that, unless expressly stated otherwise, any U.S. federal tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing, or recommending to another party any transaction or matter addressed herein. 

Part 1 CPR: CA Partnership for Long-Term Care

Note:  The CA Partnership Long-Term Care CE course is  8 hour of instruction Insurance Agents take every two years to be in compliance.  I am primary instructor in Southern CA for
 Senior Insurance Training Services 

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California began the CA Partnership for Long Term Care program in 1994, to promote the purchase of private LTC insurance by offering consumers access to Medi-Cal under special eligibility rules should additional LTC coverage (beyond what the policies provide) be needed.

The California Partnership for Long-Term Care with a select number of private insurance companies.  These insurers have agreed to offer high quality policies that meet stringent standards set by the Partnership and the State of California.  These special policies are commonly called “Partnership Policies.”

Unique Aspects Of the Partnership Policy

1. Dollar for Dollar Asset protection for Medi-Cal qualification and Estate Recovery Credit.  

                  Each dollar your Partnership policy pays out in benefits entitles you to 
                  keep a dollar of     your assets if you ever need to apply for Medi-Cal. 
                  Your  protected dollar will also be exempt from any claim theState of California
                  may have against your estate to recover the cost   of State-paid long-term 
                  care or  medical services provided to you.

2. Face to Face Independent Care Management 

Partnership policies include an Independent care management benefit.   The care manager is a health care professional or a social worker who is employed by a care management agency that provides assessment, care coordination, and monitoring.  Works with you to assess your circumstances, determine the specific services you need, develop a plan of care to address your needs and, if you desire, coordinate and monitor services to insure you are cared for appropriately.  The care manager paid for by the Insurer but is contracted through the CA Dept of Health.  Care Managers, are all required to meet specific standards established by the Partnership.

3. Premium Increase Protection.

4. Monthly Reimbursement for Home Care Cost 

    Additional Features To KEEP The Policy IN-FORCE

For Additional Information Regarding the CA Partnership:

CA Partnership Before You Buy 2012

CA Consumer R U Ready CA

CA LTC Agents: AB 999 Passed

Note: AB 999 when first introduced almost guaranteed more Insurance companies exiting CA.  I have reviewed 3 articles and this one published by John Hancock works best for me.

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Revised version of California Assembly 999 passed on August 31st  September 7, 2012

Over the past two years, the LTC industry (including John Hancock) has been working with the California Insurance Department (CID) and legislators on revisions to rate stabilization and consumer disclosure requirements.

As originally introduced in early 2011, California Assembly 999 (AB 999) contained provisions which would have a significant and negative impact on the marketplace. The most problematic was the provision that would limit a carrier's ability to raise rates more than every 5 years for pre-rate stabilized business and every 10 years for post-rate stabilized business. This bill was withdrawn in mid-2011 with the caveat that the industry would work with the CID and Legislators on additional reforms.

On August 31st, a revised version of AB 999, that removed the more onerous aspects of the original bill, was passed by the Legislature Key. Provisions of the bill to include the following:

•Actuarial Requirements - The bill adds additional actuarial requirements that must be met by
carriers when filing initial products or rate increases in the area of loss ratios, pooling, interest rates
and contingent nonforfeiture. The bill also allows for a carrier to implement a requested/approved rate increase in smaller annual segments over time. The 5-year/10-year restriction on a carrier's ability to raise rates was not included in the re-introduced and final version of AB 999.
•Enhanced Disclosure & Access to Information - The bill also improves consumer disclosure and
access to information regarding a carrier's long-term care insurance product portfolio.

Next steps – We expect Governor Jerry Brown to sign this bill shortly. California AB 999 will become effective on January 1, 2013.

Alzheimer's - Some Facts & Stats (Part 1)

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Resource Links

Alzheimer's Association
National Institute of Health-Alzheimer's

LTC 101: The Kiplinger Financial"Who Cares?" video

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The Knight-Kiplinger Financial video "Who Cares? Kiplinger's No-Nonsense Look at Long-Term Care and How To Pay For It" link: 

 http://www.kiplinger.com/video/v.php/who-cares-37227843001.html  

This video first was introduced to LTCi Agents in 2008.  Although, brought to you by John Hancock, it is a fine presentation that has held up well over the years. 

Only 22 minutes long great start on understanding Long-Term Care and LTC insurance.

              Steven Hawking reacts to long-term care insurance.