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Understanding the Various Roles in a Senior Care Center

November 21, 2023 Guest Author

Senior Care Centers are vital parts of our society, serving to ensure a healthy, happy, and peaceful life for aging individuals. Ensuring a high quality of life for residents isn’t a feat accomplished by one individual, rather, it requires the collaboration of various professionals, each contributing to the total well-being of the seniors. The professionals involved vary widely in terms of their training, functions, and roles. Keep reading to understand the various roles within a senior care center and how each contributes to the overall functioning of these institutions. Overview…

Is long-term care insurance worth it for people after retirement age?

November 16, 2023November 15, 2023 Marc

long-term care insurance - Retirement plan

Many people let the coverage go when it is no longer a part of their employment benefits. Though many people consider long-term care insurance to be important coverage while they are still employed, it is commonplace to drop the policy at retirement age, when people tend to want to reduce their daily living costs and coast off the funds they’ve saved throughout their working lives. That said, many financial experts are cautioning that this trend might not be the best to follow. There are a number of reasons that many…

Federal long-term care insurance premiums to rise as much as 86 percent

September 28, 2023September 27, 2023 Marc

Long-term care insurance - Premiums Rise

Enrollees in the federal program are preparing themselves for even more expensive coverage in 2024. Americans enrolled in the Federal Long-Term Care Insurance Program (FLTCIP) are getting ready to pay even more for their coverage next year after having faced regular increases for several consecutive years. The Office of Personnel Management has announced that there will be a rate hike for current enrollees. The Federal Long-Term Care Insurance Program is run by the Office of Personnel Management. It announced that current enrollees should expect to see higher rates for 2024.…

Long term care insurance is expensive, but more affordable than the costs it covers

September 20, 2023September 19, 2023 G. Turner

Long term care insurance Piggy Bank Costs

Recent predictions show that over half of older Americans will need these costly services. According to the American Association for Long Term Care Insurance executive director Jesse Slome, around one in every six Americans is now older than 65 years, and the more the population ages, the shakier their financial position will be. While living longer lives is typically desirable, the cost of those years could lead to hardships. “Living a long life is something that many of us want and could get,” said Slome. “But when we live a…

Good News Long-Term Care Insurance Agents Should Be Sharing

March 9, 2023March 9, 2023 Jesse Slome

long term care insurance agents have good insurance news

Agents tired of the seemingly endless negative news that has plagued the long-term care insurance industry finally have some good news to share. Actually, two pieces of welcome news. Costs for long-term care insurance protection are down from the prior year. In some instances, costs are as much as 15 percent lower. Considering all the negative news focused on rising prices and their impact on consumers, especially older Americans, this is a bit of welcomed, good news. The data comes from the just released 2023 Long-Term Care Insurance Price Index…