Kirk Kinder, CFP Interviews Melissa Barnickel on Long-Term Care Insurance
Posted by Melissa
The interview addresses questions people have when deciding if they want long-term care insurance:
- Is long-term care insurance expensive?
- How do you know if you should buy long-term care insurance?
- How do you determine monthly/daily benefit that meets your needs?
- Who benefits from a LTCi plan?
- Where do you want to have care? At home? In a facility?
- Do your family members want to care for you? Are they financially and physically able?
- Does Medicare pay for any long-term care issues?
- What if I have a minor medical condition? Am I still insurable?
- How can I keep the cost down on a long-term care insurance policy?
Additionally, there is an explanation of the various riders: shared care, waiver of home health care elimination period, survivorship, etc. As well as what the tax benefits are for long-term care insurance.
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