Indy LTC professionals talk about preserving important memories

As Indianapolis-area extended care professionals and Long-Term Care specialists, Ed and I work to help our clients preserve the assets they’ve worked so hard to accumulate during their lifetimes.

At Long Term Care Resources, we often help folks better understand the many choices available to them on Long-Term Care plans, effectively protecting their future.

We also like the idea many of our estate planning colleagues now recommend, that of preserving financial data – as well as personal data, such as photos and stories from your childhood. In fact, recently, we found some new websites set up especially to enable easier “memory preservation.”

Here are some great ways to preserve memories and important financial documents for you and your family:

Store important or interesting documents, photos, files, and videos on sites like Dropbox. This cloud-based service is a safe place where your entries can be accessed and shared no matter where you are, via cloud servers. Depending on the service you select, from 2 to 10 gigabytes of material can be stored and accessed, free of charge.

Have a story or two to tell? Consider ‘blogging’ about your life at blogger.com. Write about your memories and add photos or videos to your posts using this free service. Family members and friends can add comments as well. Your blog can be password-protected so that only friends and family have access to it.

Free sites like flickr can store thousands of photos for you. You decide whether the photos are private or public, and you allow friends and family viewing privileges.

Sure, we’re extended care professionals serving Indianapolis, Indiana and the surrounding areas, but Ed and I are always looking to help our clients find to make their futures more productive, more protected, and more informed. We love the idea of helping folks like you save important documents — and precious memories — for future generations!

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Why I’m proud to have Dave Ramsey’s endorsement as a Long-Term Care Professional

As many of you may know, Dave Ramsey is personal money management expert, national radio talk show host and New York Times bestselling author. I, like many of you, am a big fan of his. Having read his best-selling books, “Complete Guide to Money” and “Financial Peace Revisited,” I believe his financial advice is tough, straightforward and most of all — reliable.

I am humbled and most appreciative that Dave Ramsey has endorsed me as his Indianapolis-area provider for Long-Term Care Insurance. It’s not something I take lightly.

I earned the endorsement the hard way. Not only I am certified in long-term care, but I’ve been a top-performing insurance and financial services provider in Indiana and Kentucky for almost 30 years now, first beside my father, and now, with my husband Ed.

Early on, I adopted my father’s saying, “Always do what is in the best interest of your client.”  It’s a mantra of which I know Dave would approve.

Like Ramsey, I believe in a straightforward approach in helping people understand the practical and affordable financial solutions for extended care needs. I also believe that education is everyone’s biggest challenge in understanding the ins and outs of Long-Term Care Health Insurance.

And that’s why I’m in this business — to help you understand what is available to you so you can make the right choices to fit your needs. Together, we can protect your financial future with the Long-Term Care solutions that work best for you.              ~ Elise

Indiana health care insurance professional gives ‘boomers’ exactly what they are looking for

We baby boomers are changing the nature of health care planning. With 70 million of us, our dramatic numbers alone are radically altering the world of health care insurance.

As ‘boomers,’ we have high expectations and prefer to leave nothing to chance. We want control of our financial and health planning to ensure we get the type of healthy, dignified, independent, and secure future we have envisioned.

Those of us edging toward retirement plan earlier and plan thoroughly. I enjoy working with pre-retirement clients to plan for all health care contingencies. They are bright, well educated, and expect a long, healthy future with a lot more self-sufficiency and control than their parents had.

If you are a boomer, we should talk. Soon. Because nothing ever goes absolutely according to plan, it’s smart to look ahead, before a health emergency strikes you or your partner.

And, because health care prices continue to go up, health insurance costs continue to rise as well. There’s no better time to lock in rates for Long-Term Care, Short-Term Care and Crisis Care health insurance plans than right now, while you are healthy.

As a health care insurance professional for 26 years and a baby boomer myself, I can help make sure you cover all your health ‘bases’ and get the type of coverage that will leave nothing in your future to chance.

~ Elise

 

Critical Care Insurance and how it benefits you

People are living much longer lives even after suffering a heart attack, cancer, heart bypass surgery, suffering a stroke, or many other maladies that used to guarantee fatality. No more, thanks to early earlier detection, better prevention and medical advances in serious healthcare treatments.

Unfortunately for many of us, surviving such a catastrophic illness can bring with it serious financial hardships – especially if that illness leads to a prolonged, expensive stay in a nursing home or assisted living facility (or both) while recuperating.

This is where Critical Care Insurance can help. Relatively new to the health care insurance scene, Critical Care Insurance provides monthly cash benefits for at home care, assisted living and nursing home care. The benefits provided progress with the expenses and duration of each level of care.

Here’s how it works. Let’s use Pat as an example:

Before Pat became ill, she purchased a Critical Care Policy with a monthly base benefit of $2,000 with a maximum benefit period of 18 months. Some years later, Pat suffered a stroke. Like many other stroke patients, she required lengthy follow up care.

Here’s how her Critical Care Coverage helped pay Pat’s bills:

  • 3 months in nursing home = $12,000
  • 8 months in assisted living = $24,000
  • 3 months in home care = $6,000

Total Critical Care paid to Pat over the course of 14 months of recovery in various facilities = $42,000.

What’s even better? Twelve months after Pat fully recovered from her stroke, all of her Critical Care Benefits were fully restored. So if Pat suffers from another catastrophic health event, she will be covered again.

If not for her Critical Care policy, that $42 thousand would have had to come from Pat’s retirement savings, the equity in her home –or even from her children. That’s something none of us wants to consider.

As an extended care advisor, I can help you figure out a plan of health insurance that fits you in every way possible. Together, we can choose a plan, a benefit period and a monthly base benefit amount that is right for you. Whether you are 18 or 84, I want to be sure your future health doesn’t cause you a moment’s stress or anxiety.

~ Elise

Short-Term or Long-Term Care insurance – what’s the dif?

Insurance is for filling in gaps. In the case of Long-Term Care insurance, it’s for helping you pay costs NOT covered by:

  • health insurance at your job
  • health insurance you purchase privately
  • hospital insurance policies you buy
  • Medicare

The “long term” in Long-Term Care means just that, long. Extended. Chronic.  In fact, the Free Dictionary defines long-term care as “the provision of medical, social, and personal care services…to persons with chronic physical or mental disorders.”

What classifies your condition as “chronic” and allows you to claim benefits from an Indiana Long-Term Care insurance policy?  You must meet one of these two criteria, as certified by a physician:

  1. For a period of at least 90 days you have been unable to perform at least two Activities of Daily Living (ADLs)
  2. You are suffering from severe cognitive impairment.

In the real world, of course, illnesses are often critical rather than chronic. And even though traditional health insurance does cover cancer, heart attacks, kidney failure, stroke, and even a major organ transplant, rarely are all costs covered. While bills are coming in fast and furious and claims are taking forever to be approved, your illness can cause financial devastation.

That’s when Short-Term Care Insurance is there to deliver a cash benefit when you need it most, paying you benefits over and above any other medical insurance or disability insurance.

Short-Term and Long-Term Care insurance – each has its gap-filling protective function to perform exactly when needed.  But that’s the thing – insurance must be purchased BEFORE it is needed.  Knowing you’re protected allows you to focus on recovery!

For more information on health insurance options, click HERE.

~ Elise

What IS Long-Term Care insurance?

Long Term Care insurance may seem complex, but in fact – it’s based on a very simple concept – being prepared.

Long-Term Care insurance (LTC) is a protection product sold in the U.S., the U.K. and Canada. Simply put, LTC covers health costs that employer health insurance, private health insurance, hospital insurance and health costs that Medicare does not cover. What are these health costs addressed only by LTC insurance?

  • Home healthcare
  • Assisted living
  • Adult daycare
  • Respite care
  • Nursing home care
  • Hospice care

LTC insurance has been around for quite awhile. Why is it being talked about so much right now?

  • People are living longer lives
  • Families are living farther apart
  • Health care costs are dramatically rising

Is Long Term Care primarily for the elderly? The facts tell a different story. 40% of those receiving long-term care today are between the ages of 18 and 64. But LTC is also for those over the age of 65. In fact, studies show that 60 percent of individuals over age 65 will require at least some form of long-term care services during their lifetimes.

But the thing about Long Term Care insurance is that it must be purchased BEFORE  it is needed. That’s because, once you have a condition that requires long-term care, you will no longer qualify for coverage.

It’s confusing, in a way, to plan ahead. How do you know what you’ll need? That’s where I come into the picture.  With 25 years of experience, I’m uniquely positioned to help you figure that out.

~ Elise

 

Long-Term Care insurance = being prepared for the future

Many of us think that if we have life insurance, Living Will, employer health insurance or private health, or Medicare, we’re all set. But unfortunately, that’s just not the case. I’ve seen what unexpected health crises can do when there hasn’t been forethought and planning, and it’s not pretty. In this regard, my insurance CLTC certification and training are important, but just as important is my 25 years of experience.

Because I know what CAN happen, I know how to protect you from as many potential problems as possible. As the co-founder of Your LTC Resource, my job is to assure that singles, couples and families are protected in as many ways as possible when it comes to their future healthcare needs.

That phrase “as many ways as possible” is incredibly important. We can’t know what our future mental or physical health will be. That’s why we need to have Long-Term Care insurance that is flexible as well as responsible.

Being flexible means both Long-Term and Short-Term Care insurance. It means taking a good look at your present health insurance policies, and finding the gaps. The more planning we do, the better prepared you’ll be for every health and financial contingency.

When you do our Long-Term Care planning homework, the payoff in your future is well worth the time.

~ Elise