Long-Term Care Insurance
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Smart Ways To Finance Long-Term Care
What is one of the major financial misconceptions among Americans? Many people incorrectly believe the government will pay for nursing home care or other long-term health care. The fact is federal and state governments pay very little of the cost of home health care, assisted living, independent living, and nursing homes. (See last month’s issue […]
Why You Should Avoid Tax Favored Long Term Care Insurance Policies
Sometimes a tax break costs more than it is worth. That just might be the case with the breaks for long-term care insurance that were enacted in 1996. All the questions still aren’t answered, but so far it looks like you might be better off taking a pass on these tax benefits. Congress meant well […]
