Life insurance is legally recognized as an asset and your property ownership rights are guaranteed by the Supreme Court The Long Term Care Benefit Plan is a unique financial option for seniors Policy owners use their legal right to convert an in-force life insurance policy to enroll in the benefit plan Life insurance is legally recognized as an asset and your property ownership rights are guaranteed by the Supreme Court.  The Long Term Care Benefit Plan is a unique financial option for seniors because all…

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Life Care Funding has been helping families access funding for Senior Care and Long Term Care since 2007.  Every family that we have been able to help means something very special to us.  It always feels good when families stay in touch with our team or when we receive a holiday card.  Navigating the long term care maze can be very confusing and frustrating—we know because we do it every day.  It is easy to get confused about the differences between the various forms of…

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A Long Term Care Benefit Plan is a protected account that makes monthly payments automatically to the care provider of choice As long as the Benefit Account is in use, the person receiving care is considered “private pay” Private pay individuals remain in control of their own decisions and do not have to go onto Medicaid Life Care Funding is endorsed by over 5,000 Assisted Living communities, Homecare providers and Nursing Homes across the country that offer the Long Term Care Benefit to families as…

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Life Care Funding congratulates both Brookdale Senior Living (NYSE: BKD) and Emeritus Senior Living (NYSE: ESC) for their merger announcement issued on February 20, 2014.  The combined companies transforms Brookdale into the only national full-spectrum Senior Living Solutions Company, with over 1,100 Communities in 46 States.  The timing for this merger comes as 10,000 Baby Boomers are turning 65 every day, and the demands for innovative assisted living options are growing.  Life Care Funding has been a proud “Funding Solution” partner of both companies for…

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A PERFECT PRIVATE PAY MARRIAGE Senior Care can be an expensive proposition.  Studies have shown that 70% of people over the age of 65 will need some form of long term care in their lifetime—and 40% of those people will require care in a nursing home.  Medicare will cover the first 100 days of rehabilitation care in a nursing home for a person discharged directly from a hospital.  Medicaid is a means-based program which requires that applicants are below the poverty line to qualify. A…

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Home Health Care is living support and care at various levels provided at home by licensed or unlicensed workers as well as designated family members Assisted Living is housing for the elderly or persons unable to live independently Nursing Home is higher level “skilled or SNF care” provided in a licensed facility Hospice is a specific form of care to manage pain, symptom relief, and emotional/spiritual support typically in final 6 months of life Long Term Care is not a subject that people spend much…

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  2014 will be a critical year for Long Term Care in America.  When Medicaid was created on July 30th, 1965, the entire GDP of the United States was $791.1 billion, and no one could have predicted that by 2013 the U.S. would spend over $2 trillion on health care in a single year.  Today, Social Security, Medicare and Medicaid are all in the red and creating havoc for government budgets at the federal and state levels.   According to the Chairman of the Federal Reserve,…

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    2013 It was a big year as articles about Life Care Funding appeared in the New York Times, Wall Street journal, Fox Business News, Public Broadcasting, CBS Radio, Sirius XM and numerous other print and broadcast stories throughout 2013.  Here are some of our Life Care Funding in the News 2103 Year in Review highlights:   New York Times- A New Way to Pay for Long Term Care (October 9, 2013): I was visiting an assisted living facility recently with my sister, whose…

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Americans are living longer these days from an average 47 years in 1900 to more than 78 years as of 2010. We are also experiencing a deluge of adults reaching retirement age now that includes 10,000 Baby Boomers turning 65 every day. By 2030, when the last of the baby boomers have turned 65, nearly one in five Americans will be retirement age, according to the Pew Research Center’s population projections. Money will be a big problem for many of them, especially if boomers develop…

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In 2007, Life Care Funding created a unique funding option to help people with the costs of long term care.  As the innovator of the Long Term Care Benefit Plan, Life Care Funding has been featured in numerous press stories about how this approach is helping families cope with the long term care funding crisis in America.  Here is a sampling of press coverage over the last year:   New York Times- A New Way to Pay for Long Term Care (October 9, 2013): I…

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Maximizing Money for an Aging Population & Solutions for Long-Term Care Funding November is National Long Term Care Awareness Month and America is experiencing a deluge of adults reaching retirement age that are also living longer. By 2030, when the last of the baby boomers have reached 65, one of every five Americans will be retirement age, according to the Pew Research Center’s population projections. Money will be a big problem for many of them, especially if they develop a health issue that requires daily…

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I recently went to see the movie “Gravity” starring Sandra Bullock and George Clooney. It is a fast-paced, exciting thrill-ride from start to finish. After we left the movie, and I replayed the life-threatening events for the actors that unfolded on the screen, I could not help but begin drawing comparisons to the long-term care funding crisis currently unfolding in America today. Start with the stars of the movie: Sandra Bullock and George Clooney are both baby boomers and they find themselves unprepared to deal…

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Many families don’t realize a loved one needs long term care or that they are in fact already acting as a care provider for a loved one. We often encounter people who are getting care from friends and family and really should be moving towards professional care—they just don’t realize it yet and will say they don’t need care.People in need of long term care are not always obvious and can seem to be living independently when they should actually be receiving homecare or assisted…

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