Blog Archives

Required Minimum Distributions – Part 2

                In last week’s blog post I covered the basics of how required minimum distribution (RMD) rules work for IRAs and other tax deferred retirement accounts.  To summarize you must take out a minimum amount from your account each year.  That’s RMD and it starts in the year you turn age 70 and ½.                 […]

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What Medicaid Covers – Part 2

       In last week’s post I was telling you about a call I received revealing a very common misconception about Medicaid. Julie will lose her alimony payments in 6 months, dropping her income from $5000 per month down to $1000 per month. She is 69 years old and in good health. She does […]

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The Continuing Rise in Long Term Care Premiums

       A few years ago I wrote about the number of clients calling our office who are getting notices of substantial rate increases on their long term care insurance policies.  Since then it has been a problem that has only increased in frequency.  An article this week in the Wall Street Journal caught […]

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Trumpcare – What Does It Mean for Long Term Care?

                As is a majority of the country, I am watching with great interest the development of President Trump and the Republican party’s proposal to repeal and replace Obamacare.  As an eldercare attorney focused on helping families figure out how to pay for long term care, someone asked me the other day how would the […]

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John Hancock Latest to Drop Long Term Care

                Two weeks ago John Hancock, one of the largest providers of long term care insurance announced it is withdrawing from the market.  It will stop selling new long term care insurance policies.  John Hancock currently has sold more than 1.2 million policies nationwide.                 What does it all mean?  Hancock is the latest in […]

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Terminal Illness and Chronic Care Rider – A Substitute for Long Term Care Insurance?

     Mary is considering the purchase of a life insurance based long term care insurance product, which she expressed an interest in after reading about it on my blog.  Mary then said to me that her life insurance agent quoted her a premium on a life insurance policy with a terminal illness and chronic care […]

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