Monday, June 25, 2012

Thursday, June 7, 2012

Long-Term Care - A Women's Issue

It is often said that long-term care effects women twice - first when they are caring for their spouse/partner and second when they become the recipients of long-term care. Long-term care is in fact a women's issue.

-60% of long-term care insurance policies are owned by women, which this is a good thing! This is a good indicator that women are aware of risk of them needing care.
-80.6 years is the life expectancy of women, versus 75.2 for men.  (Source: Center for Disease Control,
-Over 1 million women live in nursing homes, versus men only make up 400,000 nursing home residents. (Source: Dept. of Health and Human Services 2008)

Since women spend most of their lives taking care of others it makes sense to make sure they are protected and cared for when they need it most. Long-term care insurance planning will help women keep their independence, provide them with a caregiver, and protect their assets. To learn more about women's issues visit

Wednesday, May 30, 2012

LTC Solutions Fresh New Website Is now Complete! has a fresh new look and feel! We have completed the website makeover and it is now a lot more user friendly for both potential consumer and potential agents. People researching long-term care insurance will find useful information about this subject as well as single premium LTC insurance, medicare supplements information, consumers can also request a further information securely. As for the agent website portion of the website it is now very easy for potential agents to browse and see why they should get licensed with us and they can request licensing right from our site. This website is secure, so any information that consumers or agents complete and submit to us, it is secure by GeoTrust.

We anticipate our website to grow by adding more and more information, such as up-to-date articles, and some information on life insurance and annuities.

Tuesday, May 22, 2012

About LTC Solutions for Consumers and Agent

We are an independent Managing General Agency that has been providing solutions to chronic health care needs for nearly three decades. The combined experience of our staff is unmatched by any other agency. As an independent agency, our choice of products, selection of insurance carriers and on going relationships with the chronic health care provider community are based on the value they bring to the client at the time of claim. We establish and maintain relationships which provide the client with long-term stability and security.

As a member of the National LTC Network and an independent MGA, we provide assistance to agents and agencies nationwide. As a member of our team, you will receive support in the following areas: Benefit design, Underwriting, Marketing, Employer and Affinity Group Programs and more...

Our new website will be up and running any day now! Check back to!

Monday, May 14, 2012

LTC Solutions Website is Undergoing a Makeover!

We are proud to announce that we are giving our a makeover! Our webmaster is in the process of working on this now and the new website should be up by the end of the week! The website will have a fresh new look to it and provide more information about long-term care insurance, single premium LTC insurance, and medicare supplement for consumers, it will be very easy to navigate through the site as well. We will also have a secure form for consumers to request further information for products and pricing. There will also be a password protected area for agents to go on and obtain marketing information and instant long-term care insurance quotes for their clients.

Check back by the end of the week!

Friday, May 4, 2012

Hybrid/Single Premium Long-Term Care Insurance Products, Who Should Buy Them?

If you have heard of a hybrid/single premium long-term care insurance product you have probably wondered if you would be a good candidate to purchase this type of policy versus a traditional LTC insurance product.

The typical buyer for a single premium LTC insurance policy is someone who is close to retirement or who actually is retired. This person will understand the need to have a financial plan for retirement and they realize that they should have protection for their finances should a chronic illness arise. Most people who purchase a single premium policy have invested assets of $300,000 or more and are self-insuring the risk of needing care. These people do realize the risk of needing long-term care is high but they are not exactly sure how much their care will cost, so they consider a hybrid LTC product as a solution.

A hybrid/single premium long-term care insurance policy will help cover the cost of long term care services, help protect beneficiaries with an income tax-free death benefit and it frees up assets.

Most of these plans are very customizable and can provide certain guarantees. To learn more about hybrid policies. Visit

Thursday, April 26, 2012

Ten Reasons to Purchase Long Term Care Insurance

1. Protect Your Assets and Retirement - The average cost of a nursing home care in 2010 is $75,190 for a private room. Home Health Care services can cost as much as $19 per hour (1.). Long-term care insurance can protect these assets by covering these high costs. Don't let all of your hard earned money go to long-term care services, LTC Insurance can help!

2. Preserve Your Independence - Most long-term care insurance policies today allow you to have choice and remain independent as long as possible, with allowing you to receive care in your home or a community setting, instead of immediately entering a nursing home.

3. Avoid being a Burden on Others - Most long-term care today is provided by a family member or loved one. With most long-term care insurance policies you have the option to pay for home health care aide or homemaker to come into your home and provide your care. Instead of being a burden to a loved one.

4. Avoid going on Medicaid - To qualify for Medicaid you would have to be in a low income bracket, deplete all of your assets on long-term care services, or spend down all your assets unless you choose a long-term care insurance partnership policy.

5. Tax Advantages - Many states offer a tax deduction or special tax credit for purchasing long-term care insurance. In addition, Tax-Qualified policies allow your premiums to be added to your other medical expense deductibles, and then deducted from the amount which is more than 7.5 percent of the adjusted gross income on the federal income tax return.

6. Medicare Won't Pay Fully - You should not rely on Medicare to pay for all of your long-term care needs. Medicare strictly provides skilled care for a short period of time and most LTC is not skilled care, nor is it short term.

7. If you have a family history of a chronic disease or longevity it is a good idea to purchase long-term care insurance.

8. If your age and health permit, purchase long-term care insurance. Typically, as you get older health problems occur and you may be uninsurable. Therefore it is a good idea to buy long-term care insurance before it is too late.

9. Your gender - women are more likely to need long-term care services than men, 75% of women are nursing home residents.

10. Health insurance won't cove long-term care costs.


Thursday, April 19, 2012

Genworth LTC Cost of Care Map Now Available for iPod, iPad, and iPhones

Genworth has launched their Cost of Care mobile Apple iTunes app to be downloaded to any iPod, iPad, or iPhone at no charge. This will enable people interested in purchasing long term care insurance and advisors to calculate their expected long term care expenses right at their finger tips! With this app, you can find specific locations costs by state for 437 cities and regions across the country, you can compare daily, monthly and annual costs for up to three regions across the country and you can calculate the anticipated cost of care for 10, 15, 20 and 30 years to help you pan for the future. This is a great tool and easy to use! To view the full app description visit -

Wednesday, April 11, 2012

How People Pay for Long-Term Care Services

One of the biggest misconceptions about long-term care insurance is that it is paid for by Medicare. This is far from the truth, on the Medicare website it even states "Generally, Medicare doesn't pay for long-term care." Medicare pays for a very limited amount of time for some medically necessary care in a skilled nursing home facility or in the home. To even receive these care benefits you must meet certain requirements.

Most long-term care is paid by personal funds, long-term care insurance or by government programs. By using personal funds you may have to use your retirement savings, retirement income, assets, or adult children may have to bear the responsibility for these costs.

Medicaid is a government program that is designed to provide care for the poor. In most states to qualify for Medicaid, you would be only allowed to have $2,000 countable assets in your name.

That leaves long-term care insurance! WSJ wrote a great article "Don't Grow Old Without It".

Visit to learn more!

Thursday, April 5, 2012

Prudential Exits the Long-Term Care Insurance Market

Last month Prudential exited out of the long-term care insurance market, and it leaves a lot of questions and concerns to many current policy-holders as well as people who are interested in purchasing a policy. First, Prudential will continue to offer group long-term care insurance coverage. In addition, Prudential will continue to pay claims on current long-term care insurance policyholders. If policyholders pay their premiums their policies will remain and they will continue to receive customer service and claims support. Prudential's decision is based on they want to focus on the group market where they see their greatest opportunity.

For those who are concerned whether they should purchase long-term care insurance with this news, one thing is for sure - the need for long-term care insurance has never been stronger. Our country is an aging demographic with a strong likelihood of living longer and needing some level of care. It is more than ever evident that long-term care insurance is one of the more effective ways to help with financial risks.

Visit for more information.

Tuesday, March 27, 2012

The Time to Plan for Long-Term Care is Now!

When it comes to long-term care it is better to plan sooner rather than later. The reason is, is that your age and health are the major factors in determining the cost of your long-term care insurance policy as well as your eligibility. The younger and healthier you are the more more affordable it will be and more likely you will qualify for coverage. Most long-term care insurance carriers do not insure past the age of 80, there are very few that will insure up to age 85. In addition, it can be very difficult to get long-term care insurance from any carrier if you have had a health issue or disability that could cause you to be uninsurable.

Also, a long-term care insurance policy isn't always necessarily for the future, it could also help protect too you today. Younger people also do have accidents or illnesses and by owning a LTC Insurance policy it would provide you with coverage to help pay for the cost of your care.

As you can see there is an importance of buying long-term care insurance sooner rather than later. To get quotes and more information visit

Wednesday, March 21, 2012

Tuesday, March 20, 2012

Why is it Important for Women to Plan for Long Term Care?

Long-term care is an issue particularly for women. It is often said that long-term care effects women twice in their lives - first being the one to provide the care for a loved one and secondly being the one to need long-term care. Women are most often impacted as being the caregivers for their spouses, which this takes a huge toll on women to care for their husband and ultimately end up being the recipients of care as well.

Women also tend to live longer than men and are far more likely to need long-term care services. 67% of all long-term care insurance benefits recipients are women. In addition, women make up the majority of nursing home residents and those with Alzheimer's disease. This is why it is also important for women who live alone to plan for long-term care.

For more information visit -

Wednesday, March 7, 2012

What are the Odds you will need Long-Term Care?

Many people are in disbelief that they will ever need hands-on assistance with the basic activities of daily living, such as bathing, eating, dressing, toileting, etc. So they avoid the thought of it all together. The U.S. Government has reported that 70% of people who reach the age 65 will need long-term care services at some point in their lives.

Really, the real risk is either 0% or 100%, and the real question question should be what is the length of time you will need to receive long-term care services should you need the care. If you decide to plan for long-term care by purchasing LTC Insurance you should be prepared for the risk of needing long-term care for many years - you must plan for future costs.

A long-term care insurance specialist will be able to assist you in planning for future costs. To speak to someone about this please visit - and complete the secure form.

Thursday, February 23, 2012

Long-Term Care Insurance for those up to Age 85!

Most long-term care insurance carriers only issue policies up until age 79 these days, there is a new product in the industry by MedAmerica that will insure up to age 85 and they have an expedited underwriting program. This product is approved in AK, AL, AR, DE, FL, GA, IA, IL, KS, KY, LA, ME, MI, MO, MT, NC, ND, NE, NV, OH, OK, OR, PA, SC, SD, TN, UT, WI, WV! Coming soon to CO, MS, NJ, NM (2/27). To learn more about this product please visit