» Long Term Care Insurance

Latest Long Term Care Cost Figures

The cost of long-term care continues its upward climb, according to the 2011 MetLife Market Survey of Nursing Home, Assisted Living, Adult Day Services, and Home Care Costs. Private room nursing home rates rose 4.4 percent to $87,235 a year or $239… Read More
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Tax Court Clarifies When Long-Term Care Expenses Are Deductible

Long-term care can be very expensive, but many long-term care expenses can be deducted from your taxes. Two important recent decisions by the U.S. Tax Court provide guidance on when care giving services are deductible. In one decision, the court rule… Read More
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Coping With Long Term Care Insurance Rate Hikes

If you have long-term care insurance, brace for the possibility of a steep increase in premiums this year. Some of the largest long-term care (LTC) underwriters are asking state regulators for large increases on some policies this year. The current u… Read More
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Health Care Reform and Long Term Care

Many of our clients have asked us what impact, if any, the legislative health care reform being considered would have on their future long term care costs.  Most of the discussion about health reform has centered on issues like the “public option… Read More
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Annual Nursing Home Cost Close To $80,000/Year

Price rollbacks throughout the U.S. economy during the past year did not apply to long-term care service providers, according to the 2009 MetLife Market Survey of Nursing Home, Assisted Living, Adult Day Services, and Home Care Costs. Private room nu… Read More
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Medicaid Planning With A Solely For The Benefit Of Trust

If someone is in need of nursing home level care, and if they don’t have long term care insurance, their assets will be consumed by such care costs at an rate of about $6,300.00 a month, until their assets are almost entirely consumed.  However, t… Read More
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Michigan Enacts an Estate Recovery Law

The Bad News On September 30, 2007, Michigan enacted a law that authorizes the creation of a Medicaid Estate Recovery Program (“MERP”). The MERP will allow the State to recoup the cost of benefits paid from the estate of an individual (and perhap… Read More
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