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Long Term Care Insurance News – February/March 2024

Long Term Care Insurance News – February/March 2024

Message from Tobe: Washington was the first state to institute a mandatory payroll tax to fund LTC. The program had a bumpy start, and some say that it is still in need of further refinements, but it has been up and running since July 1, 2023. Other states are looking...
2024 Deductibility for LTCi Released!

2024 Deductibility for LTCi Released!

The 2024 deductibility limits for LTCi have been announced.   LTCi has deductibility available for clients who are business owners as well as for clients who itemize their medical expenses. Please click here for the link.  The limits have gone down in all age bands...
Long Term Care Insurance News – November/December 2023

Long Term Care Insurance News – November/December 2023

Message from Tobe: LTCi specialists are committed to making sure that our insurance companies deliver on their promises.  With this mission in mind, claim time is when the rubber meets the road!  The Certification for Long Term Care (CLTC) published a very well...
Long Term Care Insurance News – August/September 2023

Long Term Care Insurance News – August/September 2023

Message from Tobe: Rate increases are something to be aware of when considering the purchase of traditional LTCI. Unless an accelerated payment option is purchased ( a traditional LTCI policy that is single pay or a 10 pay), you would be vulnerable for a rate increase...
Long Term Care Insurance News – June/July 2023

Long Term Care Insurance News – June/July 2023

Message from Tobe: “What happens if my LTCI company goes insolvent?”   This question comes up more often than you might expect.  Most of us remember 2008, so we may find ourselves paused for an echo when we consider some of the more recent distressing financial news....
Long Term Care Insurance News – March/April 2023

Long Term Care Insurance News – March/April 2023

Message from Tobe: What does it mean to be a burden? I just finished a Zoom call with prospective clients who I will call Sally and Joe. Sally and Joe had taken care of Sally’s mother who had Alzheimer’s. They cared for her in their home for 10 long years. They were...