Monthly Archives

January 2014

Maryland Bill Would Create Tax Credit for Long Term Care Insurance

A new bill proposed in Maryland would create a more extensive taxpayer credit for long term care insurance policyholders.
Long Term Care Insurance Tax Credit
Senator Katherine Klausmeier (D-Baltimore) introduced SB 478 in the legislature this week. The bill would half the value of the state’s current tax credit for the first year the policyholder pays premiums.

Medicaid Underfunding for Long Term Care Reaches All Time High

Long term care providers faced the highest level of underfunding last year, according to a new report.

Long Term Care Provider Report
The nation’s largest long-term care provider association American Health Care Association/National Center for Assisted Living released a report which details the long term care costs incurred across the country and those that were reimbursed by Medicaid.

Most Boomers Think Affordable Care Act Covers Long Term Care

Since its initial implementation, confusion has surrounded the Affordable Care Act. People are unsure about what it covers, how it affects their benefits, premiums, and hospital networks. A new study, however, shows that more people than ever believe the Affordable Care Act covers long term care costs.

Overconfidence Can Hurt Retirement Plans, Study Says

“Confidence is key”, we so often hear, whether it’s in terms of a relationship, job, or just day-to-day life. But can too much confidence ever be a bad thing? According to a new study, the answer is yes. Being overconfident in your financial ability might be more detrimental than helpful when it comes to planning for retirement.

Millionaires on Medicaid? Program No Longer Serves Just Those In Need

An interesting article appeared in the Wall Street Journal earlier this month that discussed the current state of Medicaid across the nation.

Boomers Delaying Retirement Turn to Startups in Large Numbers

The struggling economy and job market has left some Boomers without a job but still in need of income. With lengthening life expectancies and high health care costs, retirement at 55 just isn’t an option for most people. Many Baby Boomers are turning to startups as a new way to make money and keep themselves occupied.

Addressing the Nation’s Long Term Care Problem

As families face health care costs in retirement beyond what they could have ever imagined, politicians and other public officials grapple with the issue of long term care and the best way to approach it as a nation.

High Net Worth Investors and Long Term Care Insurance

Long term care insurance isn’t for every one, and many wealthy investors seem to think they don’t need a policy. Even those with an extremely high net worth are ignoring long term care insurance, according to a new study.

Maine Long Term Care Commission Suggests $10M More Needed for State Medicaid

The recently created long term care commission completed their evaluation and analysis of the Maine long term care system and released their final report last week. After taking time to study the dynamics and current trajectory of long term care within the state, the panel is now proposing an additional $10 million be allocated to the MaineCare program in 2014.

New Study Links Cholesterol and Alzheimer’s

High cholesterol is often connected to heart disease and even stroke, but typically not Alzheimer’s. A recent study has changed all that by linking cholesterol and Alzheimer’s and is among the many pointing to environment and lifestyle as a major contributor to the disease.

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