Is Federal Employee Long Term Care Insurance Worth Anything? How Does A Person Quantify Value Of?
Question by s | Posted in Insurance
this purchase. it seems to me that it is has value to some people. but it costs a lot.
Answer: Like all insurance products, it's value is REALLY seen when it's time to make a claim.
Like all insurance products, it's expensive, because there is a very high likelihood that eventually, you WILL file a claim.
Can You Deduct Long-term Care Insurance On Federal Tax Return? Where On Turbo Tax?
Question by roger s | Posted in United States
Answer: yes you can deduct long term care premiums on schedule A under medical expenses if you have enough other expenses to be able to itemize. HOWEVER, if you deduct the premiums you pay you MUST, i repeat, you MUST report any benefits you receive as income in the year you receive the benefits.
This rule also applies to cancer policy premiums and benefits
Are health care insurance premiums, long term health care insurance premiums, and the cost of prescription drugs an allowable federal tax deduction? I think I'm getting some bad advice from a friend of mine concerning tax preparation.
Answer: Insurance premiums are a deductible medical expense IF you pay them with after-tax dollars - not if you pay employer group premiums on a pre-tax basis. Keep in mind that you must itemize deductions on Schedule A and meet the 7.5% of AGI threshold before it will benefit you.
Why Was The Class Act In The Health Care Bill Not Reported?
Question by Reality Has A Conservative Bias | Posted in Politics
While Congress spent the last year debating how to provide health insurance for the uninsured, a little-known provision slipped into the heath care law that could cost some Americans upwards of $2,000 a year.
The Class Act, otherwise known as the Community Living Assistance Services and Support Act, is the federal government's first long-term care insurance program.
Under-reported and the under the radar of most lawmakers, the program will allow workers to have an average of roughly $150 or $240 a month, based on age and salary, automatically deducted from their paycheck to save for long-term care.
Answer: Because the media busy reporting on death panels that did not exist. Congress know about this since Nov. 2009.
"The Senate health reform bill, like the House-passed bill, includes a new program to help cover the costs of long-term supports and services for people with disabilities. The program would be strictly voluntary and would be funded by the premiums that beneficiaries would pay. Initially proposed by the late Senator Edward M. Kennedy, the program — known as Community Living Assistance Services and Supports, or CLASS — would provide a daily cash benefit to insured individuals who become limited in several activities of daily living. The cash benefit could be used
Cuban Troublemaker Can’t Be Deported Back To Cuba, Who Pays For His Long-term Care In The United States?
Question by †♥Goddess JR†♥Native †♥Pride†♥ | Posted in Immigration
An illegal immigrant who suffered a stroke while in custody has cost a Georgia county $400,000 in medical bills.
The man, whose name was not released, suffered a massive stroke while he was in jail. His last arrest was for drug trafficking charges.
Chief Deputy Stan Copeland told The Atlanta Journal-Constitution that the man was in a coma and now requires constant care because he is paralyzed. He does not have health insurance.
County officials contacted the federal government but were told the man cannot be deported because he is from Cuba. Attorney Joseph Rosen, who specializes in immigration law, said the United States does not deport people back
Answer: The tax payer who busts his or her you know what for no money, There is little or no justice in the world.
Long-Term Care Insurance | Fisher Center for Alzheimer's Research ...
by alz05
With the rising cost of healthcare (home healthcare, assisted living, adult day care, nursing home) and the financial and emotional stress an illness like Alzheimer’s can cause you and your family, a long-term care insurance policy can give you... Long-Term Care Insurance (LTCI) is an investment in your future healthcare needs. By purchasing even basic LTCI, you are taking one step to protect your assets and your family from massive care bills....
The strongest solutions range from self-insuring (ie having lots of money around) to purchasing long-term care insurance. The other that people often believe is that Medicare will take care of them. Wrong. It does not cover LTC.
"Events like this help people pause and think about how they would handle a long term care need. It also encourages them to seriously consider long term care insurance as a solution for this risk. On behalf of all our colleagues at The Network,
San Francisco Chronicle (press release) - Dec 31, 1969
Up until now, long-term care insurance has not been one of the most popular employee benefits. That's about to change, insiders say. Mountain Lakes, NJ (PRWEB) May 16, 2012 Today the EraNova Institute announces the publication of a special report,
“Events like this help people pause and think about how they would handle a long term care need. It also encourages them to seriously consider long term care insurance as a solution for this risk. On behalf of all our colleagues at The Network,
Long-term-care insurance. It's a subject most people don't want to think about—but many people know they need to. At first blush, policies that help pay the costs of extended nursing care make perfect sense. Bills add up quickly when you can no longer
"Events like this help people pause and think about how they would handle a long term care need. It also encourages them to seriously consider long term care