Back to the Basics of Long Term Care

Back to the Basics of Long Term Care

Author: Diane Stoddart, Certified Long Term Care Consultant, CLTC January 15, 2026 Duration: 11:57
Preparing For Tomorrow podcast
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Because we have so many new listeners, we decided to get back to the basics of long term care and LTC insurance. The best starting point is to learn current and future costs of home care, assisted living, and nursing home care. Use the cost of care website to find costs where you live at https://www.carescout.com/cost-of-care Once we understand the risk we're up against if we suffer from dementia, a stroke or a severe car accident (for example), we need to decide where we would want to live when help is needed to get through our days. We need to consider who we want to have helping us, and we need to decide how we're going to pay for this care. Listen and learn how different types of insurance plans decide when and how claims are approved or declined. Learn which kinds of plans can be tax deductible and which can be paid using HSA funds. Get your current policies and proposals out and schedule time with me to evaluate them and learn if they best meet your needs. Schedule a phone or Zoom meeting here

Diane Stoddart brings a professional yet deeply personal perspective to the complex world of long-term care planning in Preparing For Tomorrow podcast. As a Certified Long Term Care Consultant, she understands that preparing for future care needs involves more than just finances-it's about safeguarding your family's well-being and peace of mind. Each conversation cuts through the industry jargon to clarify the real options available, from insurance products to legal strategies, all aimed at protecting your life savings from being depleted by unexpected care costs. You'll hear Diane break down essential concepts and terms, making a daunting subject feel manageable and urgent. Alongside expert guests, she explores the emotional and physical dimensions of caregiving, offering a holistic view that acknowledges the full weight of these decisions. This isn't about fear; it's about empowerment through knowledge. Tuning into this podcast provides a straightforward guide to creating a practical plan, ensuring you can face tomorrow with confidence rather than anxiety, knowing your loved ones and your legacy are secure.
Author: Language: English Episodes: 100

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Podcast Episodes
We need to focus on what we can control [not-audio_url] [/not-audio_url]

Duration: 3:54
We're getting bad news from what seems like every direction these days. Governments and media are all talking about wars and destruction. But this is not new. We've been through these kinds of events before, too many tim…
Stand-alone LTC - shared and individual [not-audio_url] [/not-audio_url]

Duration: 11:51
After reviewing planning strategies for hybrid or linked benefit LTC plans, this week we are comparing shared and individual traditional or stand-alone LTC plans. Yes, there have been rate increases on these plans, but o…
shared vs. individual LTC plan comparison - how do they work? [not-audio_url] [/not-audio_url]

Duration: 12:40
Anna & Marty compare shared hybrid life/LTC plans with separate LTC plans for each of them. It's a matter of preference and goals. The LTC and death benefit are directly related, so plans with higher LTC benefits have la…
Are shared LTC plans the same as Partnership plans? [not-audio_url] [/not-audio_url]

Duration: 10:54
This week, Jen asked if she and her husband can own a long term care plan together and share the benefits with each other. She asked what happens if one person uses all the benefits. And what happens if neither of them n…
This week, I'm talking to dads [not-audio_url] [/not-audio_url]

Duration: 10:14
This week, we need to pay attention that LTC is not just a women's issue. It used to be more focused on women because we live longer and are more likely to live alone when help is needed. Today, with so many divorces, we…
Highlights from 2025 Sustainable Solutions: Future of LTC Financing [not-audio_url] [/not-audio_url]

Duration: 12:43
This week, Diane shares what she learned while attending the 2025 Genworth LTC Symposium "Sustainable Solutions: The Future of Long Term Care Financing". We all agree on the problem and wonder how long it will take for a…
I want to buy an LTC policy for my parents [not-audio_url] [/not-audio_url]

Duration: 9:31
We often hear from sons and daughters who want to buy LTC coveeage for a parent. This could be to preserve a family home, to avoid Medicaid, or because they watched their parents care for their own parents for several ye…

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