Use your Life Insurance to Pay for Senior Care The costs of long term care are increasing every year, but most families do not understand what they will be confronting when it is their time to start paying for care. Too many people wait until they are in the midst of a crisis situation before…
DetailsBy Marv Law, CLTC Most recipients are aware of the Open Enrollment when they are new to Medicare, and of the Annual Enrollment Period (AEP) every year from October 15 through December 7. If you are on a Medicare Advantage or Drug Plan, you will receive a Notice of Change booklet from your Plan that…
DetailsBy Marv Law, CLTC Long-term care is often very misunderstood. Here are three costly common mistakes people make when planning for extended care in the home, an assisted living home or in a skilled nursing facility. “The government will pay for my long-term care.” Health insurance and Medicare pay for medical care but not custodial…
DetailsWhen those three words are spoken, Long Term Care, what comes to mind? Many make the common association with a nursing home. Others may mistakenly think that they are already covered for related long term care matters through their health insurance or disability income policy or policies, or they think that the Government will pay…
DetailsBy Marv Law, CLTC There is never a single company or drug plan that is right for everyone. Even couples in the same household can often find it more appropriate to choose different plans, even with different companies because of their different medications. The following tips may help you avoid common mistakes when selecting a…
DetailsBy Marv Law, CLTC With the enormous wave of information coming overwhelming Medicare beneficiaries, it is important to be aware of common mistakes made when choosing a plan. The following information answers questions I’m often asked as well as frequent misunderstandings I witness among many when selecting their Medicare options. Confusing Medicare Advantage plans…
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