What is your risk for needing extended care and for how long?

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Posted in Long term care insurance

John Hancock’s New Performance LTC

John Hancock’s newest long term care insurance policy the Performance LTC is entirely different than other companies. The older one gets the lower their premium.*

Click on sample charts below then cick again (+) to see full size. Contact us if you have any questions.

John Hancock's Newest LTC Insurance

John Hancock’s Newest LTC Insurance

  • if Flex Credit is used to pay towards premium.

Performance LTC is not yet Partnership qualified in these states: AZ, CA, DE, IL, IN, KY, MD, NV, NM, NC, NY, OK, PA, UT, WA.


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Posted in Long term care insurance, long term care insurance premiums | Tagged , , , , ,

The Top Five Regrets of the Dying: A Life Transformed by the Dearly Departing

Top 5 Regrets of the Dying

5. I wish that I had let myself be happier.
4. I wish I had stayed in touch with my friends.
3. I wish I’d had the courage to express my feelings.
2. I wish I hadn’t worked so hard.
1. I wish I’d had the courage to live a life true to myself, not the life others expected of me.

Book on Amazon


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Posted in Long term care insurance

Caring for someone with Alzheimer’s makes you more likely to get it

long_term_care
A study by the National Alliance for Caregiving found that the health of family members can suffer from the stress of caring for a loved one. The study found that health effects are worse than usual among those caring for someone with Alzheimer’s disease. These caregivers deal with more stress and challenges because they must deal with both cognitive and physical disabilities in their loved ones.


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Posted in Alzheimer's, caregiver, Dementia, Long term care insurance, memory problems | Tagged , , , , ,

How Innovative Technology Is Changing Long Term Care

There are many challenges of providing long term care to people who need help with activities of daily living, including how to minimize physical limitations, how to assure safety, how to help clients remain as independent as possible, and how to control costs. Inventors have stepped up with some technology solutions to these challenges, which include everything from non-slip socks to high tech robotic technologies.

For example, wearable medical alert pedants have been popular for years, so seniors who might fall can set off an alarm and get quick help. Now there are enhanced alert technologies: motion sensors, bed and chair alarms, and automatic fall detectors the patient can wear. There are sensors that can alert caregivers of changes in sleep quality, or heart and breathing rates. “Smart textiles” have circuity built into clothing; for example, pants that can tell whether the wearer has fallen; heart monitor shirts; a bowel monitor embedded into clothing that alerts the user to get to a bathroom. A cell phone app gives the user a portable way to track vital signs.

For seniors suffering from memory loss or dementia, wandering can be a problem: radio-frequency transmitters, global positioning systems (GPS), and cellular signal-based systems are available for tracking the patient. A transmitter can be worn in a bracelet or ankle strap, or embedded in clothing. There are shoes that have GPS embedded in the sole.

For Alzheimer’s, there is new technology that addresses the health condition itself: for example, the Ybrain wearable device stimulates brain activity. The device, which can be worn at home, consists of a headband with two sensors in the front that emit electronic signals. Clinical trials indicate that wearing the device for about half an hour a day is 20% more effective than taking oral Alzheimer’s medications. Another possible solution being studied is ultrasound devices for Alzheimer’s treatment.

Digital memory devices include hand-held memory aids which allow the user to record reminders about appointments, tasks, medication, passwords, etc. Another helpful memory aid is automated medication dispensers that alert the user when it’s time to take a pill.

Technologies to facilitate communication are constantly being improved. Alternative communication devices can supplement or replace speech and writing when an individual’s ability to communicate is temporarily or permanently impaired. For the hard of hearing, incoming and outgoing voice amplification can improve telephone calls. Touch screens and graphic interfaces can help those with hearing or vision problems, by using large numbers and icons, voice controls and other innovations.

Computer interfaces can provide social connection and entertainment for long term care patients who might otherwise be isolated. Games can provide mental and physical stimulation and promote fitness.

Electronic health records maintain complete information about patients including their conditions, allergies, medications, needs and preferences, in one place. These systems are designed to reduce medical errors. Electronic medication administration records can be used by staff to document that residents are taking their medications as prescribed.

Long term care staff and caregivers benefit from mobile Internet devices, which provide access to data from anywhere. Because long term care patients often move between hospital, long term care facility, and home care, data sharing can help improve patient care and lower costs.

Telemedicine can improve healthcare by allowing long term care providers to remotely access highly trained clinicians and specialists. Some advantages are the ability to have patient consultations through videoconferencing, the transmission of diagnostic images, and remotely monitoring vital signs.

There are also advances in assistive devices for lifting and transferring patients, bathing, dressing, and wound care, and improvements in mechanical devices such as beds, walkers, and chairs. In the future we will probably see more robotic devices used in care settings.

One of the difficulties about creating long term care insurance policies is predicting what long term care recipients will need ten or more years into the future. Increasing lifespan plays a part; also medical trends, advances in treatment, and the health issues that come up with people who are living longer and being active longer. Insurers and caregivers must provide appropriate care while managing costs. Creative innovations in technology will help us meet these challenges.

With a 70% chance of needing long term care it is likely you will need it at some point. The three ways to pay for care are:
1. Self insure, pay out of pocket.
2. State pays, Medicaid only allows you to have $2,000 in cash assets.
3. Long term care insurance. Insurance is always cheaper than paying yourself.

Get long term care insurance quotes from multiple companies.

Posted in home aids, Long term care insurance, technology | Tagged

Hancock to pull out of New York LTCI Partnership market

John Hancock Long-Term Care Insurance has told financial professionals that it is withdrawing from New York state’s long-term care insurance (LTCI) Partnership program market April 27.

John Hancock will continue to sell non-Partnership LTCI products in the state after that date, the company says in a notice issued Monday.

A state LTCI Partnership program gives purchasers of qualified LTCI policies a chance to use private LTCI benefits to increase the amount of assets they can keep if, at some point, they exhaust private LTCI benefits and need to draw on Medicaid nursing home benefits.


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Posted in Long term care insurance | Tagged ,

2015 Partnership Benefit Requirements for CA, CT, IN, NY

California Partnership
The Partnership minimums for policies issued in California will not change in 2015. These minimums will continue to be:
• $180 daily
• $5,580 monthly

Connecticut Partnership
To qualify for Partnership in Connecticut, policies must meet the following minimum requirements:
• $247 daily
• $7,513 monthly

Indiana Partnership
The daily and monthly Partnership minimums for policies issued in Indiana will not change in 2015. These minimums will continue to be:
• $115 daily
• $3,500 monthly

New York Partnership
The New York Partnership daily minimum for 2015
• $284 daily


A trusted advisor can answer any questions and provide you with quotes for Partnership policies. Get A Quote


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Posted in Long term care insurance