8 Types of Long Term Care Facilities
8 Types of Long Term Care Facilities We are living longer lives, but this increases the need of long term care for most adults later in life. According to the Administration for Community Living, adults that are 65 now have a 70% chance of needing long term care. Of these 20% will need care for 5 years or longer. In this article, we will go over 8 types of long term care facilities that [...]
Insurance Premium Basics
Insurance Premium Basics An insurance premium is the price you pay an insurance company for a policy. Premiums are used in health, auto, home and life insurance policies. Failure to pay the premium can result in the cancellation of your policy. In this article, we will go over the basics of how an insurance premium works. How It Works Premiums are paid either monthly, semi-annually, or as an upfront lump sum. The price of [...]
8 Things You Should Know About Long Term Care Insurance
8 Things You Should Know About Long Term Care Insurance Long term care insurance is a special type of insurance that can cover you financially in the instance that you require costly long term care. In this article, we will go over 8 things you should know about long term care insurance. 1. You Will Receive a Set Benefit Your long term care insurance policy will have a maximum daily or monthly benefit. This is [...]
ALTCS Financial Basics
ALTCS Financial Basics Medicaid is state-provided health coverage for low-income Americans. It can also cover long-term care. Each state has its own system for providing this coverage. In Arizona, this program is the Arizona Long-Term Care System (ALTCS). In this article, we will cover the basics of what ALTCS covers and the financial components involved with qualifying. ALTCS Basics ALTCS is available to residents of Arizona. To qualify you must be over 65 or [...]
Frequently Asked Health Insurance Questions
Frequently Asked Health Insurance Questions As open enrollment comes to a close, we have found there are many common questions people have. In this article, we will answer four frequently asked health insurance questions. 1. Why can’t I enroll in a plan at any time of the year? Each year open enrollment last from November 1st until January 31st. This is the only time you can enroll in a health insurance plan. You can also [...]
Strategies to Help Pay for Long Term Care
Strategies to Help Pay for Long Term Care Implementing strategies to help pay for long term care can help you to prevent a lot of stress and trouble. It also can help to preserve funds for the benefit of your spouse or other loved ones. In this article, we will review 4 strategies to help pay for long term care. 1. Long Term Care Insurance Long term care insurance is a special type of [...]