why is it important to understand your long-term goals before you begin investing?

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Answered: Purpose of Long Term Care?

The purpose of long-term care planning is to make sure you are able to afford and have access to quality healthcare services if ever you needed them. It's not a good option to rely on government healthcare programs like Medicare and Medicaid when it comes to long-term care and family members are ...

Answered: Listing of Long Term Care Facilities?

Try the long term care directory for retirement homes across North America which you can find at RetirementHomes .com. The site also provides comprehensive and user friendly long term care planning guide to seniors.

Answered: Why isn't hospitalization counted in elimination period for long-term

It IS counted. in fact it is one of the primary criteria to determine the need for long term care. Look thorough your benefits materials with your health insurance. if your health insurance doesn't cover long term care then SSA will, to a point. Obamacare would not have covered long-term care at ...

Answered: If a person buys a long term care insurance, will he/she get tax

Yes you will get tax deduction based on your age and AGI, for the year 2014, the internal revenue services has increased tax deductibility. You can check the table of long term care insurance tax deductibility at infolongtermcare: http://www.infolongtermcare.org/ltci-tax-deduction-2014/

Answered: What are the considerations in buying a long term care policy?

A typical LTC premium is going to be $1,000 to $3,000 per year. Paying a controlled amount annually is better than risking an unpredictable and potentially devasting cost in the future. Long term care insurance costs are quite expensive so better prepare for them. You can get a free long term care ...
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What are the odds of needing long term care insurance?

The odds of needing long term care get bigger as the person grows older. This is the reason why long term care planning is important before you reach your retirement age. Waiting any longer can be very financially devastating.

What are the long term investment options?

My uncle who is an investor believes that equity funds and direct equities are good options if anyone is considering a long term investments in singapore...however, these are options with higher risk and he feels one should do some detailed research on them before investing.

Which states have approved Long Term Care Partnership Insurance?

I don't have the full list, but I think most states already have approved private long term care planning "partnership" policies that allow policyholders to protect substantial private assets from Medicaid should they exhaust their private insurance benefits and need to use Medicaid.

Long term care insurance - why do premiums change?

While there is no "normal", you are correct that most carriers have and will probably continue to raise rates on existing policies. In addition, many of the major carriers are no longer writing this type of coverage due to higher claims than originally anticipated. However, if you choose to pay ...