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Posts Tagged ‘long term care’

Here’s What Medicare Part B Costs and Covers in 2016

Tuesday, January 26th, 2016

According to The Motley Fool:

“Learn how this part of the Medicare program works. 

Retirees rely on Medicare to help them with their healthcare expenses, but getting a better understanding of how the program’s different components can be challenging. Medicare Part B plays a key role in the everyday aspects of healthcare, and below, you’ll learn more of the specifics of how much Part B costs and what it covers.

What Medicare Part B costs
Medicare participants pay a monthly premium to get Part B coverage, but one of the more confusing things about the program in 2016 is that different participants pay different amounts. The standard charge for most new participants this year is $121.80 per month. But because of a law that ties Medicare increases to cost-of-living adjustments for Social Security, the majority of existing participants will pay the $104.90 monthly premium they paid in 2015. (more…)

Long-Term Care Policies Ditch Solo Role For Supporting Act

Thursday, August 22nd, 2013

Insurance News Net reports:

“The stand-alone long-term care insurance market may be dormant as buyers shy away from high premiums and the relative inefficiency of long-term care coverage, but the combination insurance product market is hot.

Combination products, otherwise known as hybrid insurance, pair long-term care coverage with an annuity or life insurance. In return for one or more premium payments at retirement, a life care annuity pays fixed, periodic payments. In the event of a disability, the coverage provides additional payment to help cover the costs associated with long-term care.

(more…)

Health Care Reform And The 47 Percent

Thursday, October 11th, 2012

Republican presidential candidate Mitt Romney’s secretly videoed remarks regarding the number of Americans “dependent upon government” have sparked a great deal of debate over who in the public receives what from the state.

The Census Bureau’s latest figures confirm that 49 percent of Americans received benefits from at least one federal program.[1] This total, however, mixes apples and oranges insofar as it includes 35 percent of individuals who rely on means-tested benefits and those who might be viewed as having “earned” their benefits, including nearly 50 million recipients of Social Security and much smaller numbers of individuals who qualify for unemployment benefits, workers’ compensation, veterans benefits, etc.

(more…)

Don’t Grow Old Without It

Monday, April 9th, 2012

The WSJ reports:

“Long-term-care insurance: It can make the difference between living out your life the way you want and becoming a burden to your family or a ward of the state.

But it is becoming significantly more expensive, more complicated and harder to get with each passing year.

Average premiums on new policies—which help pay for nursing-home, assisted-living and home care—have risen some 6% to 17% in the past year alone, according to the American Association for Long-Term Care Insurance, a trade group. Some insurers have even doubled their premiums on existing policies. The increases come as the industry grapples with low interest rates and policyholders who are living a lot longer than the actuaries said they would.

(more…)

GOP Senator Introduces Bill to Repeal CLASS Act

Friday, October 15th, 2010

NAIFA Reports:

On September 23, Sen. Lindsey Graham (R-SC) introduced S. 3829, the Long-Term Care Bailout Prevention Act to repeal the CLASS Act. The CLASS Act was included in the health reform law enacted this past March. It sets up a voluntary federal long-term care/disability insurance program under which workers may choose to pay an actuarially sound monthly premium for a daily cash benefit (also to be calculated to be actuarially sound) if they become unable to perform two or more activities of daily living.

(more…)

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