| When a good friend of mine inquired where
| |
| | than 2% of these expenses. With the
|
| he could obtain information about medical
| |
| | advent of financial and estate planning
|
| insurance for his out of state, elderly
| |
| | and more insurance companies entering
|
| mother, I told him to try the Internet.
| |
| | this market, a broader and diversified
|
| He reported back to me about a week
| |
| | product line became available to agents,
|
| later, in desperation: I am giving up, I
| |
| | brokers, planners, and seniors.
|
| am too confused. He had taken on an
| |
| | Part of this new diversification was the
|
| overwhelming project with his widowed
| |
| | home health care plan, sold by itself,
|
| mother, living in another state. As the
| |
| | and in conjunction with senior health
|
| only child, and following the sudden
| |
| | insurance products. The appeal of the
|
| death of his father, it was his
| |
| | home health care policy was that a senior
|
| responsibility to care for his mother.
| |
| | could stay at home and still receive
|
| Protecting your parents assets and health
| |
| | medical and custodial benefits, allowing
|
| is a huge and daunting undertaking, which
| |
| | a person to recuperate in the comfort of
|
| requires a tremendous amount of education
| |
| | their own home.
|
| and practical application. Our seniors
| |
| | This was the answer to a huge problem.
|
| face many diverse responsibilities upon
| |
| | The last place an older person wanted to
|
| reaching age 65. To name just a few:
| |
| | go was a retirement home, or rest home,
|
| Estate planning, taxation, Medicare,
| |
| | or, God forbid, the nursing home. It
|
| social security, wills, insurance, and
| |
| | appeared that seniors could now rely on
|
| various other legal and financial
| |
| | this new innovation without worry of
|
| matters. All of these different areas
| |
| | having to move out of their home
|
| require expertise from accountants,
| |
| | environment in the event of a health
|
| lawyers, estate planners, insurance
| |
| | problem.
|
| agents, home brokers, financial advisors,
| |
| | As with most things, if it is too good to
|
| and others.
| |
| | be true. The home health care policy is
|
| Twenty years ago, insurance for elders
| |
| | no exception. The problem is there is not
|
| was sold by senior insurance specialists,
| |
| | enough coverage for a lengthy illness or
|
| with just a handful of companies in each
| |
| | recuperation time. The fact is the new
|
| state. The programs were most often Medic
| |
| | trend is toward an all in one type
|
| gap or Medicare supplemental policies,
| |
| | facility, allowing for a variety of
|
| which covered the expenses not covered by
| |
| | levels of care all in one location. In
|
| Medicare, including hospital and doctor
| |
| | other words a senior could start off with
|
| deductibles, durable medical devices, and
| |
| | little or no health care concerns in an
|
| no approved Medicare costs. Ironically
| |
| | independent, less expensive area, and
|
| these specialists did not sell a lot of
| |
| | then go to an assisted living, or nursing
|
| nursing care policies, even though
| |
| | care facility, all within the same
|
| Medicare paid a national average of less
| |
| | compound.
|
