LTC in the News  Are Your Assets at RISK????

 Read some of the current news articles

To help stay informed about changes in the LTC Market, Banker’s Operations LTC Team is pleased to provide the following links. Please note that these are for internal use only and may not be distributed externally.

1.      “MD Hopes Citizens add Long-Term Care Cost to Retirement Plans” (1/29/2006)

Baltimore Sun

“Many baby boomers are just coming to grips with saving for retirement, and now they're being nudged to think about another big expense - long-term care.
Maryland is one of three states this year participating in a federal campaign to raise awareness of long-term care.”

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1.      “Do Boomers need long-term care insurance?” (1/20/2006)

The Ithaca (NY) Journal

“Some baby boomers are familiar with long-term care and its costs, especially those whose parents have needed to pay for help with bathing, dressing, getting in and out of a chair, or other essential activities of daily living. However, others assume mistakenly that Medicare or other health insurance will pick up the tab for home care, assisted living or nursing home care should they ever need it.”

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4.      “Facing the Long-Term (Care) Nightmare: Part 1" (1/11/06)

Senior Journal

“Recent legislation in Congress may make it even more difficult for seniors to qualify for government-paid long-term care coverage. If you don’t take action now, you may be setting you and your family up for a Long Term Nightmare!   Health 3

6.      “Consider long-term care insurance for your future" (1/11/06)

The Olympian (Olympia, WA)

“A study in May 2005 found that most Americans underestimate the likelihood of needing long-term care. Relatively few consumers can either afford to pay for extended care or own long-term care insurance.”

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3.      "Even Wealthy Seniors Concerned About Health Care Costs, Medicare” (1/23/06)

Senior Journal

“Even wealthy Americans are concerned that rising heath care costs will eat up their financial assets, according to survey findings released today. Nearly four in 10 wealthy Americans, including one quarter of senior citizens over age 65, say affording health care for their families is a top financial concern. But, the most disturbing finding was that one in three (36 percent) of respondents said, "health care costs will ultimately consume a major portion of my financial assets."

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5.      “Don’t Rely on Medicaid for Long-Term Care" (1/20/06)

Senior Journal

“Millions of retirees expect to rely on Medicaid to cover the cost of their long-term care needs. If you or your parents have that expectation then you must read this article. You shouldn’t rely on this program and by doing so you may end up becoming dependent on family and friends for care.”

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