Tom said he doesn't think he'll ever need LTC, so why should he buy a policy?

Tom said he doesn't think he'll ever need LTC, so why should he buy a policy?

Author: Diane Stoddart, Certified Long Term Care Consultant, CLTC August 22, 2024 Duration: 11:46
Preparing For Tomorrow podcast
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Tom shared that there is dementia in his wife's family but not in his. He wants a policy for her but doesn't think he'll need one. My mom's husband said the same thing several years ago, and now he has dementia, at age 68. She's going to be upset that I am sharing this, but it's so important to consider how your decisions affect your family. You may never need long term care services, but what if you do? Who is going to have to step up and change their lives to help you and for how long? Who is going to decide where you're going to have to live? Who is going to have to sell all your stuff to qualify you for Medicaid? Who is going to sacrifice their future to keep you out of a Medicaid nursing home? All because you never thought you woudl need help someday... There are plans that pay your family back if care is never needed, so why not use some of your money to protect the rest while you're protecting your family from being forced to choose between multiple bad options to meet your needs? Schedule with me to start designing your plan at https://calendly.com/diane-p4t/30min

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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How can the insurance company pay if no one is billing them? [not-audio_url] [/not-audio_url]

Duration: 16:16
LTC insurance claims are hard to get approved because so many claims are not actually long term care. When a claim is declined, the family becomes disgruntled and angry at the insurance company. Usually the problem is wh…
be One of the few [not-audio_url] [/not-audio_url]

Duration: 13:04
This week, we discuss the costs of dementia care vs. other long term care needs. Too many believe Medicare pays for care after age 65. Medicare may pay for up to 100 days if skilled care is also needed to help recovery f…
nearly 800,000 care workers needed by 2034 [not-audio_url] [/not-audio_url]

Duration: 14:03
As baby boomers reach age 80 this year, with the immigrant population in the US diminishing, and seeing the almost 80% turnover of employees in home care, assisted living and nursing home care, we are getting ever closer…
We can't keep doing this to the women in our lives [not-audio_url] [/not-audio_url]

Duration: 12:05
In the U.S., almost 13 million unpaid/family caregivers are caring for someone with dementia right now. Many are doihng this without help or support from other family members. Most family caregivers are women who live wi…
What is a biomarker? Why should I care? [not-audio_url] [/not-audio_url]

Duration: 14:06
The Alzheimer's Association released a Special Report that updates dementia and dementia care information. I have on;y read about 1/3 of the info so far, so I expect I'll have a lot more to share over the nexrt several w…
It's either your plan or someone else's plan for you [not-audio_url] [/not-audio_url]

Duration: 12:45
We need to decide if we're going to make our own care decisions when we can no longer live alone or independantly. Or are we going to leave those decisions to a governement employee who must follow whatever the current g…
We don't know what it feels like to be old [not-audio_url] [/not-audio_url]

Duration: 12:23
Professionals in geriatrics and gerontology define "elderly" and "advanced age" as 65 and older and those with chronic needs. It's hard to believe I'm almost elderly?!? The fact that there are professional specialties an…
Saving $26,850 in premiums over 5 years? LTC Specialists matter [not-audio_url] [/not-audio_url]

Duration: 11:49
A client with whom I've maintained a relationship for over a decade was almost talked into buying a new LTC plan earlier this year. I'm glad she called me to ask for help! I researched her risk and offered a very similar…
I should have done this when I first thought of it [not-audio_url] [/not-audio_url]

Duration: 12:46
Don't let your 50 year old kids regret not having planned for future extended care needs when they first thought of it. A first question I ask when meeting with someone is "What made you decide to look into LTC planning…

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