You’ve heard the rumblings….health care reform….Medicare misery…and the expected senior care upheaval of the boomer generation, the so called “silver tsunami”. Perhaps now is the time to take a second look at a long-term care insurance policy. What you might not have known is that long-term care insurance does often cover the cost of in-home care services. In fact, policies are now more flexible than ever. Take a look at this informative article on today’s long-term insurance policies in Forbes.
And with taxes coming due soon, did you know you could deduct a portion of the cost of that long term care insurance? Recently, LTC Financial Partners, a long-term care insurance agency, noted that consumers can get a break in their federal taxes if they pay for long-term care insurance. The amount they can get depends on a person’s age. View the article here.
To learn more about long-term care planning, view these resources.