Stand-alone LTC  - shared and individual

Stand-alone LTC - shared and individual

Author: Diane Stoddart, Certified Long Term Care Consultant, CLTC June 12, 2025 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 over the last 20 years or so, traditional LTC plans have gotten much healthier. Listen and learn how. When funding using income or on a budget, these plans can help families afford to get through an extended care need without bankrupting their loved ones. It's easy to see that there are several ways to design and fund your long term care plan. Schedule some time to start preparing for your tomorrow here Learn what your state Medicaid program lets you keep to qualify for state Medicaid benefits (not recommended by us) here View both current and projected costs of care 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

Preparing For Tomorrow podcast
Podcast Episodes
Back to the Basics of Long Term Care [not-audio_url] [/not-audio_url]

Duration: 11:57
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 hom…
2026 Resolution:  Fund LTC plan without killing the budget [not-audio_url] [/not-audio_url]

Duration: 10:41
Happy New Year! Let's make 2026 the year we design and fund our LTC plan without destroying our budget. This week, Diane shares ways to pay for long term care insurance with alternatives to simply using income to fund it…
A Christmas song from Paul & Diane Stoddart [not-audio_url] [/not-audio_url]

Duration: 1:21
We recorded "It Came Upon a Midnight Clear" along with a few other classics about 15 years ago. My husband, Paul, is the guitar master, and I am playing flute. Please enjoy, and share with those you care about most as yo…
Guest Interview:Jason Dutra BuddyIns - easy to add LTC at work [not-audio_url] [/not-audio_url]

Duration: 17:43
When discussing worksite LTC with employers, two question come up all the time - 1) How much work do I as an employer or HR director have to put in? 2) I heard LTC insurance is expensive. How much more will the company b…
I can't afford LTC & I'll never qualify for Medicaid [not-audio_url] [/not-audio_url]

Duration: 15:10
That title is an oxymoron. Truthfully, if you'll never qualify for Medicaid, that means you'll pay for all of your long term care needs yourself. In this week's episode we're sharing things you need to consider today, lo…
301% rate increase?  What the...? [not-audio_url] [/not-audio_url]

Duration: 17:33
Diane received an email this week from a long time listener who received a notice of a 301% rate increase request from his LTC insurance company. This episode discusses the process of requesting and seeking approval for…
Some of what I'm thankful for... [not-audio_url] [/not-audio_url]

Duration: 3:20
Thank you all who are listening to these podcasts and for the great feedback you've shared over the years. I can't believe we're in our sixth year already. I'm so thankful that these poscasts are helping so many people l…
Nov. is LTC Awareness Month & Family Caregiver Month - coincidence? [not-audio_url] [/not-audio_url]

Duration: 14:01
We need to recognize the contributions and sacrifices that family caregivers make to help those they love who can't provide for their own daily needs. The reason most people own LTC insurance is to help those caregivers…
Who is the LTC insurance really for? [not-audio_url] [/not-audio_url]

Duration: 13:09
This week, I'm kind of on a soapbox. It seems that some people will keep asking about LTC insurance until someone tells them they don't need it. No one knows if we'll need help living at some point or not. We need to ask…