| When a good friend of mine inquired where
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| | quotes and even applications for the
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| he could obtain information about medical
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| | potential insured. I highly discourage a
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| insurance for his out-of-state, elderly
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| | layperson to purchase insurance in this
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| mother, I told him to try the Internet.He
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| | fashion. A little knowledge can be
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| reported back to me about a week later,
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| | dangerous.The federal government has
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| in desperation: "I am giving up, I am too
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| | mandated to all states through
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| confused." He had taken on an
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| | legislation, the standardized senior
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| overwhelming project with his widowed
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| | health insurance policy guidelines, which
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| mother, living in another state. As the
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| | are governed and regulated by each state
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| only child, and following the sudden
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| | insurance department.There are plans for
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| death of his father, it was his
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| | almost every level of health. Some are
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| responsibility to care for his mother.In
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| | designed and priced for a less than
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| this world of technology, the family unit
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| | healthy individual. Others are for a
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| is often living in different geographical
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| | person with minimal health concerns. .
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| areas and the family members are usually
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| | The whole concept of insurance is to
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| quite involved with their own lives,
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| | provide protection for "unanticipated"
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| careers, and families. In addition, when
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| | sickness or injury, especially
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| both parents are alive, often one or both
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| | catastrophic expenses, which would
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| parents are quite independent and do not
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| | devastate a person's net worth. The more
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| require a lot of assistance. As time goes
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| | small expenses a person is willing or
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| on things, of course, change, and
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| | able to pay (self-insure), the lower the
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| sometimes change very suddenly. There can
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| | rate. I recommend this strategy when
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| be a crisis, with regard to the health
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| | evaluating your insurance options.Another
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| care needs of one or both aging
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| | consideration when reviewing various
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| parents.With our baby boomers facing this
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| | insurance plans is to look at the company
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| problem in ever increasing numbers, and
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| | itself. How long has the company been
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| with the information highway in full
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| | selling this type of insurance? Do they
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| bloom, there is a definite need for
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| | have a lot of complaints filed with the
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| planning.Protecting your parent's assets
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| | local department of insurance? Are the
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| and health is a huge and daunting
| |
| | rates stable? Does it pay claims on time?
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| undertaking, which requires a tremendous
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| | Service? Most agents talk about the
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| amount of education and practical
| |
| | rating. These ratings are as follows: A+,
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| application. Our seniors face many
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| | A, A-, B+, B, B-, C+, C, C-, or "not
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| diverse responsibilities upon reaching
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| | rated".Do not be fooled by rating alone.
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| age 65. To name just a few: Estate
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| | It is good to have a high rating, but it
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| planning, taxation, Medicare, social
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| | is far better to have a company that has
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| security, wills, insurance, and various
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| | longevity, stability, innovation,
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| other legal and financial matters. All of
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| | service, and expertise. The problem is
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| these different areas require expertise
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| | that some companies enter into a market
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| from accountants, lawyers, estate
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| | and quickly leave without explanation.
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| planners, insurance agents, home brokers,
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| | This does not give security to the
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| financial advisors, and others.The
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| | policyholder.The most important
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| Internet is a good starting point for
| |
| | consideration should be a review of the
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| most people to find resources for
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| | profit/loss ratio for that product. This
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| questions and solutions for your
| |
| | will establish stability, and longevity
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| problems. There is, however, no
| |
| | in the market. An insurance company with
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| replacement for good solid intelligent
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| | a moderate profit in a particular line of
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| advice from an expert.Twenty years ago,
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| | business will remain in that market. On
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| insurance for elders was sold by "senior
| |
| | the other hand, a company with losses
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| insurance specialists", with just a
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| | will make changes and possibly even
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| handful of companies in each state. The
| |
| | withdraw. This is information not
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| programs were most often Medi-gap or
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| | normally available to Internet
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| Medicare supplemental policies, which
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| | users.Before entering into an insurance
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| covered the expenses not covered by
| |
| | contract, the senior person, the family,
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| Medicare, including hospital and doctor
| |
| | and other advisors must be realistic, and
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| deductibles, durable medical devices, and
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| | a careful evaluation of the entire
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| non-approved Medicare costs. Ironically
| |
| | picture must be examined. The age, the
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| these specialists did not sell a lot of
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| | health of the senior, the financial
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| nursing care policies, even though
| |
| | resources, the personality and attitude
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| Medicare paid a national average of less
| |
| | of the senior, and most importantly the
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| than 2% of these expenses. With the
| |
| | desires of the senior, should all be
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| advent of "financial and estate planning"
| |
| | considered.Early planning is important,
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| and more insurance companies entering
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| | as qualification becomes increasingly
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| this market, a more broad and diversified
| |
| | more difficult as the applicant's health
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| product line became available to agents,
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| | declines. The senior health care market
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| brokers, planners, and seniors.Part of
| |
| | is complex. I will offer some words of
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| this new diversification was the "home
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| | advice to attempt to alleviate potential
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| health care plan", sold by itself, and in
| |
| | pitfalls. *Choose a well-informed,
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| conjunction with senior health insurance
| |
| | seasoned, and service oriented agent or
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| products. The appeal of the "home health
| |
| | broker to assist your decision making
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| care policy" was that a senior could stay
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| | process. The professional can offer
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| at home and still receive medical and
| |
| | invaluable information, but do not be
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| custodial benefits, allowing a person to
| |
| | afraid to ask a lot of questions and even
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| recuperate in the comfort of their own
| |
| | get a second opinion. *Do not wait until
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| home.This was the answer to a huge
| |
| | your parent or loved one is sick, or
|
| problem. The last place an older person
| |
| | injured. Plan ahead and take the time
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| wanted to go was a "retirement home", or
| |
| | needed to cover all the options. *Choose
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| "rest home", or, God forbid, the "nursing
| |
| | an experienced insurance company. A
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| home." It appeared that seniors could now
| |
| | Company that has been in the marketplace
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| rely on this new innovation without worry
| |
| | for a significant time and has maintained
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| of having to move out of their home
| |
| | a balance of rates and benefits and sound
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| environment in the event of a health
| |
| | risk selection with moderate rate
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| problem.As with most things," if it is
| |
| | increases over time is your best bet.
|
| too good to be true".... The home health
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| | *The plan should be flexible, with a
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| care policy is no exception. The problem
| |
| | broad range of options and benefit
|
| is, there is not enough coverage for a
| |
| | selections to the insured. There should
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| lengthy illness or recuperation time. The
| |
| | be no tricks, or complicated language for
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| fact is, the new trend is toward an "all
| |
| | the coverage. An incredibly low rate is a
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| in one" type facility, allowing for a
| |
| | red flag for trouble in the future. *Do
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| variety of levels of care all in one
| |
| | not rush or be rushed by an over
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| location. In other words a senior could
| |
| | aggressive sales person.This policy will
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| start off with little or no health care
| |
| | not be inexpensive and will need to be
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| concerns in an independent, less
| |
| | read and reviewed for a clear
|
| expensive area, and then go to an
| |
| | understanding of the contents. This is
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| assisted living, or nursing care
| |
| | one advantage to the Internet. You are
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| facility, all within the same compound.A
| |
| | allowed to read indefinitely before you
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| "nursing home" requires a nurse on the
| |
| | act.A long-term care program, with or
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| premises 24 hours per day, assisted
| |
| | without insurance coverage, will only
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| living is just eight hours. The
| |
| | work if the senior has input into the
|
| advantages to this are financial. The
| |
| | care selection process. If there are any
|
| patient or senior is only charged
| |
| | questions about the accreditation of a
|
| according to the care level required
| |
| | facility please call the "Continuing Care
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| during the time he or she is admitted to
| |
| | Accreditation Commission at 202-783-7286.
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| that facility. Another benefit is it
| |
| | H. Pritchett is a senior healthcare
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| alleviates a lot of planning because the
| |
| | specialist and owner of Empire HomeCare
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| care is delivered, as it is needed. The
| |
| | Resources, Inc., an internet company
|
| medical attention is available to all
| |
| | devoted to the support and care of
|
| residents regardless of their current
| |
| | seniors and the diabled. He is also the
|
| health.Some people are offered a lifetime
| |
| | founder of B.R.A.C.E., a non-profit
|
| package, which covers their care for the
| |
| | foundation for the correction of
|
| rest of their life, regardless of their
| |
| | deformites for the financially
|
| current age. It also allows for social
| |
| | disadvantaged. He is also a board member
|
| outlets to an otherwise somewhat isolated
| |
| | of Great Republic Life Insurance company
|
| group. On-line shopping services have
| |
| | specializing in LTC policies. He and his
|
| become a huge business. It is definitely
| |
| | father James Pritchett introduced the
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| here to stay and many insurance policies
| |
| | first home health care insurance policy
|
| are purchased from Internet quotes and
| |
| | in the United States in 1983. He is the
|
| on-line applications.There are literally
| |
| | author of "caring for a Family Member at
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| hundreds of thousands of insurance agents
| |
| | Home", and the producer of several
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| and brokers advertising on the Internet.
| |
| | caregiver videos for stroke victims.
|
| Most of them will provide instant on-line
| |
| |
|
