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What are typical exclusions with LTC insurance?

What are typical exclusions with LTC insurance?

Author: Diane Stoddart, Certified Long Term Care Consultant, CLTC August 13, 2026 Duration: 12:32
Preparing For Tomorrow podcast
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Mike emailed asking about typical exclusions or pre-existing concerns with LTC insurance. LTC insurance is governed by Internal revenue Code (IRC) 7702(b). To be able to offer insurance, companies must adhere to this rule. American Association for LTC insurance (AALTCi) has many resources available on this https://www.aaltci.org/long-term-care-insurance/ You can view both current and projected costs of care where you live at https://www.carescout.com/cost-of-care I strongly suggest using a 4 or 5% cost of living factor when checking future costs. I think we'd be lying to ourselves if we believe the costs of care will be lower than that in the future. Baby Boomers are starting to turn 80 this year. Learn how Medicaid works (or doesn't work) in your state at https://www.elderlawanswers.com/ Book a quick phone or zoom meeting to ask a question at https://calendly.com/diane-p4t/15min Book an introductory get to know you meeting at https://calendly.com/diane-p4t/30min Schedule an initial no obligation consultation at https://calendly.com/diane-p4t/60min Get ready to Prepare for Tomorrow!!!

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: 50

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Podcast Episodes
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…
He fell and he couldn't get up [not-audio_url] [/not-audio_url]

Duration: 13:39
This week, I'm sharing a story of what happened when I was walking my dog on Saturday. This can happen to anyone. We don't have to be old or sick to have an accident. So many people wait to buy LTC insurance because it's…
48% increase in cost of care from 2019-2024 [not-audio_url] [/not-audio_url]

Duration: 12:47
According to an AARP report, the Department of Health and Human Services reported a 48% increase in cost for home care and assisted living from 2019-2024, while median household income for families 65 and older rose only…
Don't let them scam you or your parents [not-audio_url] [/not-audio_url]

Duration: 11:04
This week, I received a very disturbing call, and this was soon after I met a man whose job is to protect people (mostly seniors) from scams. I'm so glad that a woman reached out to me for guidance before spending over h…
We need to plan like the sun will come up tomorrow morning [not-audio_url] [/not-audio_url]

Duration: 4:58
We need to believe that we're going to get through these world events that are being thrown at us every day. We have to believe that we're going to live a long life. When we live a long life, we get old, and when we get…
If I can't get what I want, I don't want anything [not-audio_url] [/not-audio_url]

Duration: 15:56
Just like when we go to an all-you-can-eat buffet, our eyes are bigger than our stomach. With LTC protection, bigger than our budget. We want the best policy that will pay for everything we need for as long as we need ca…
My clients need me 25 years before they think they need me [not-audio_url] [/not-audio_url]

Duration: 15:45
I get so many calls from families trying to find caregiving support answers for their older parent or relative. They've reached a point where they are overwhelmed and need help providing for their loved one. This is not…
Please share this with someone you love [not-audio_url] [/not-audio_url]

Duration: 13:26
Many people inquire about LTC insurance and unfortunately get incorrect or incomplete information. This is why it's important to work with a LTC Planning Specialist, like me, who studies this continually. Years ago, ther…

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