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Recent Posts
How Insurance Deductibles Work

An insurance deductible is the amount you, the insured, pay before any claim is paid ...

The post How Insurance Deductibles Work first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

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Enhancing Estate Planning through Heir Involvement

Estate planning goes beyond legal formalities; it’s an essential process that facilitates meaningful family dialogue ...

The post Enhancing Estate Planning through Heir Involvement first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

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Social Security, Medicare, and HSAs

If your employer health plan is a health savings account (HSA) paired with a high-deductible ...

The post Social Security, Medicare, and HSAs first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

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I’ve Got a Long-Term Care Policy. Should I Stop Paying or Keep It?

April 11, 2018

If you’ve had a long-term care policy for several decades and have continued to pay the premiums, this is an important component of being able to protect yourself against decimating your savings. However, many people who have long-term care policies have reported that these premiums have increased significantly in recent years. Do you have an LTC plan?

Some people are concerned about whether or not they should let the policy lapse or continue paying for it. The decision about whether or not to continue paying the premiums on your long-term policy can only be made after evaluating your individual financial situation. If you have significant assets but no long-term care policy, a sudden incapacitating event that sends you or your spouse to the nursing home, could completely eliminate all of your savings. With substantial assets you may not be able to get support for Medicaid, at least for a period of time after you’ve spent down your individual assets and wealth. A long-term care policy must be carefully considered as part of your vision.

While many companies used to offer long term care insurance, many of those smaller businesses ultimately closed up shop after becoming insolvent. Today there are only a few major insurance companies that offer long term care. The older long-term care policies will typically have better benefits than the newer ones, so allowing your long-term care policy to lapse could be a big mistake if you are not careful.  


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Schedule your free Exploratory phone call

Click here to see how we
can be of assistance.

Careers/Open Positions

Explore all available job
listings and become a part of an amazing team.

Our Social Media

Connect with us on Social Media using the following buttons:

Visit our Podcasts

Listen in, Join the Conversation!

Recent Posts
How Insurance Deductibles Work

An insurance deductible is the amount you, the insured, pay before any claim is paid ...

The post How Insurance Deductibles Work first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

See more
Enhancing Estate Planning through Heir Involvement

Estate planning goes beyond legal formalities; it’s an essential process that facilitates meaningful family dialogue ...

The post Enhancing Estate Planning through Heir Involvement first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

See more
Social Security, Medicare, and HSAs

If your employer health plan is a health savings account (HSA) paired with a high-deductible ...

The post Social Security, Medicare, and HSAs first appeared on Integrated Tax Planning, Legal Planning & Financial Planning.

See more