Is this health care reform? I don’t think so. The Senate Finance Committee ( SFC ) decided to pull the public health care option from their health care reform bill and replace it with non-profit insurance co-ops. The public plan was flawed enough, but the co-op idea is worse yet.
Long Term Care insurance and Health Care Reform. What a rat’s nest.
It took 11/2 years for Pres. Johnson to come up with Medicare, which covers 80% of medical expenses for seniors and the disabled. Obama wants a plan that covers every American on his desk within the next 6 months! It would take less time if they weren’t trying to reinvent the wheel.
Of course, insurance payouts would come in handy. It’s only natural to want insurance to help pay care costs for your caregiving charge once they need care. But sadly by that time it’s far too late for them to enroll, because…
Long Term Care Insurance – With the U.S. economic meltdown firmly established, and 401K and IRA savings decimated, folks are now wondering what to do next, especially regarding retirement security and independence.
While Fidelity Investment’s 2008 Long Term Care Insurance planning report affirmed the need for insurance, some writers confuse the cost for aggregated INSURANCE PREMIUMS (less costly) with the cost for ACTUAL CARE (much more costly).
This error misleads readers into massively underestimating actual, real-world, care costs.
Americans 45-plus think they know the costs of long-term care services and the ins and outs of long-term care insurance. But most of them are dead wrong.
Anatomy of a Doctor’s Bill
Just how much of the $100 your physician charges for each 30 minutes goes into her pocket? After paying the bills, she gets less than half. This breakdown, according to Robert Lowes, senior editor at Medical Economics:
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Long term care insurance to cover expenses for long-term disabilities is a smart thing to buy, of course. After all, nobody among us has a crystal ball, do they? And even the healthiest people become frail with advancing age.
But when to buy this insurance?
Technorati Tags: Long term care insurance
Baby boomers and senior boomers are bombarded with sales pitches about their futures, their retirement and getting old. “But don’t let whirlwind messages and slick marketing put you on the fast track to a bad decision…
Can a state really make it illegal to not have insurance?
