Long Term Care Video - Click to view
Long Term Care Video – Click to View
Mutual of Omaha - Mutual Care Secure Solution
Mutual of Omaha – Mutual Care Secure Solution
Planning Guide - Some Coverage better than NONE
Planning Guide – Some Coverage better than NONE
taking.care.of.tomorrow
CA Dept of Aging – Long Term Care with bookmarks
Income - Assets - Needs Worksheet
Income – Assets – Needs Worksheet
Medicare - Home Health Care
Medicare & Home Health Care # 10969
Long Term Care - CA Dept. of Aging
Long Term Care – CA Dept. of Aging
Genworth LTC Brochure
Genworth Brochure Rev 6.2015
Sample Long Term Care Proposal
Sample Proposal – Male Age 68 – $6k/month

Long Term Care Insurance pays when you  can no longer care for yourself, that is you are not able to fully do 2 or more of seven Activities of daily living” which include eating, bathing, dressing, ambulating, transferring, toileting, and continence; Learn more

Future Planning Questions?

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Long Term Care includes a wide range of mostly non-medical services that are designed to help people maintain the maximum level of independence.  Care can be custodial, intermediate or skilled in nature and can be provided in the home, (most claims are for in home care) community or institutional setting. Long term care can be provided in a formal (nursing home) or informal manner (home care, family & friends).

The Three main types of coverage are:

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Children can pay the premium on their parents policy.

Husband & Wife Planning – 2 page brochure

Benefits are generally income tax free, see the Taking Care of Tomorrow  brochure for more details.

Premium Tax deduction if medical expenses exceed 10% or 7.5%  if over 65 Mutual of Omaha 

If your employer pays, it’s no income to you and the employer gets a deduction.

Medicare does NOT pay for Long Term Care (Page 147)..   Medicare may pay for 90 days in a nursing home after 3 days in a hospital.  Learn More  medicare.gov/#10153

Medi-cal (Medicaid)  Welfare, might pay, however if you have $$$ or Property, they might put a lien on your home.

The average cost for a private room in a nursing home in Los Angeles is $175/day.  Average hourly home heath care is $15.Genworth CalculatorDaily Cost Chart 5% Compound DHCS.gov

Get LTC Quote

Please call 310.519.1335 or email us [email protected] for more details.

Links & Resources

CA Health Care Advocates

Rate Increases?   Calif. Health Line 3.16.2016

How will we pay for LTC?   CA Health Line 3.16.2016

Asset & Income Questionnaires?  Do you have too much $$$ so you don’t need LTC or so little it’s Medi-Cal?

NAIC  National Assoc. of Insurance Commissioners

CA Taking Care of Tomorrow

Will annuities take care of your planning needs?

Long Term Care.Gov

Genworth Total Living Coverage Brochure 20 pages Rev 11.2013

Privileged Choice Flex Rev 6.2015

the long term care guy.com

FAQ’s

Can I be denied because of genetic testing?

No.   The Genetic Information Nondiscrimination Act of 2008 (Pub.L. 110–233, 122 Stat. 881, prohibits the use of genetic information in health insurance and employment. The Act prohibits group health plans and health insurers from denying coverage to a healthy individual or charging that person higher premiums based solely on a genetic predisposition to developing a disease in the future. The legislation also bars employers from using individuals’ genetic information when making hiring, firing, job placement, or promotion decisions.[1] The Act contains amendments to the Employee Retirement Income Security Act of 1974[3] and the Internal Revenue Code of 1986.[4]

CA Law – genomics law report.com * SB 559 – 2011 Padilla

Video’s 

 

Child Pages

See also worksheet from NAIC

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