Articles on "Long-Term Care Insurance"

November 18, 2014 8:45 pm

Real Life Story–BGA Insurance Group

As anyone who has faced a gap in insurance coverage knows, the prospect of being uninsured—or underinsured—can be both scary and overwhelming. Such was certainly the case for Margaret Harrington when she lost her job—and the insurance that went with it. “I needed a Medicare Insurance Plan that was reasonable, since the company I worked for had closed, and I was no longer covered,” Margaret recalled. “I was referred to John Billetdoux by a close friend of mine who recommended […]

November 7, 2008 11:20 am

Peace of Mind After Losing a Loved One

Iris and Harold were high school sweethearts who married in 1958 – she was 18 and he was 21. While she stayed home and raised their two children, Harold worked all his life as a machinist and retired two years ago. As in their younger days, Iris and Harold were enjoying retirement by traveling, and also visiting their children and golfing once a week. They were even thinking of leaving Maryland to be closer to their daughter in North Carolina. […]

September 16, 2008 12:00 am

How To Save Money on Long-Term Care

The tips below will help you save money wisely, but don’t rely on price alone. MOST IMPORTANT: Because you may not collect for decades to come, be sure to buy from a company that has been around for some time and is financially stable. You may want to look up, from an independent rating agency, the financial strength ratings of a company you’re considering. GENERAL GUIDELINE: Keep the premium for your long-term care insurance policy to seven percent of your […]

March 20, 2008 12:00 am

How To Get More From Your Life Insurance Policy

In the past, older Americans with life insurance policies they no longer had use for or could not afford to keep had little option but to let the policies lapse or surrender them back to the issuing insurer. However, the emergence of an institutionally funded secondary market for life insurance policies has created a new source of funds for seniors. With life settlement firms, individuals on average can receive three times as much money as they could from their original […]

May 1, 2006 12:00 am

How To Protect Yourself from Health Care Fraud and Abuse

Information about escalating health care costs is everywhere. What consumers often fail to realize, however, is that much of this inflation is due to health care fraud and abuse. A large portion of these costly crimes are committed against seniors and directly affect the way Medicare and Medicaid dollars are spent. In an effort to combat these abuses, the Administration on Aging (AoA) has funded a grant to provide Senior Medicare Patrol (SMP) programs on a state and local level. […]

Fitting Long Term Care into Your Budget
November 4, 2005 12:00 am

Fitting Long Term Care into Your Budget

For Sam and Peggy Barnes, long-term care insurance was just too expensive. They had met with agents from all of the major insurance companies, reviewed all of the policies, heard all of the sales pitches, and wound up not going any further. Confused and frustrated, Sam and Peggy decided not to purchase any coverage and just take their chances. After all, at $3,000 plus for a policy for both of them, it was an easy thing to forget about. While […]

November 3, 2005 12:00 am

How To Understand Medicare’s New Drug Coverage: Insurance

Between the commercials, the mailings, and the overwhelming media coverage, everyone knows that Medicare is unveiling new prescription drug coverage in 2006. But what exactly is Medicare’s Prescription Drug Plan, also known as Medicare Part D? How do the plans work? Are the plans right for you or your loved one? And when and how can you enroll? Defining the Program Medicare’s Prescription Drug Plan (Medicare Part D) is a new insurance program that will help seniors pay for their […]

Policy Makes All the Difference
September 8, 2004 12:00 am

Policy Makes All the Difference

When Bernice Paul purchased her long-term care insurance policy at 74, her children did not understand why this type of insurance was necessary. After talking with her good friend, Phyllis Felser, an insurance agent with the Comprehensive Long-term Care Group, Mrs. Paul realized that it would be more cost effective to buy the policy before turning 75. According to Mrs. Paul’s daughter, Barbara Kitt, “the policy made all the difference in the world.” Over the course of several years, Bernice […]

A Model Retirement: Money and Legal
December 30, 2003 12:00 am

A Model Retirement: Money and Legal

Alan and Katharine Jung are truly a model for ideal retirement living. Not only have their retirement living decisions been well thought-out and proactive, but they have also embraced the new opportunities that retirement offers and are fully enjoying what they refer to as a “new season in their life.” The couple can certainly offer helpful advice to others concerning retirement living decisions-right down to the downsizing checklist Katharine devised. They did just that during a recent presentation for their […]

A Retirement That is More Than O.K.
September 3, 2003 12:00 am

A Retirement That is More Than O.K.

Two signs hang outside Mrs. Sadie Hofstein’s apartment in Martin’s Run, a continuing care retirement community in Media, PA. One cheerfully announces, “I’m O.K.,” while the other is a more distinguished plaque engraved with “Hofstein House.” Both say a lot about Mrs. Hofstein’s personality, her past, and her future. “I always knew I was going to be in some kind of helping profession.” This is how Mrs. Hofstein explains her work as the administrator of the first apartment house for […]