Preview Mode Links will not work in preview mode

Preparing For Tomorrow podcast

Mar 31, 2021

This week, Lisa in Arizona asks about long term care services vs. hospice care services.  Diane shares details of three types of care, custodial care, acute care and palliative care, where we see these and how they can work together in some scenarios.  Each type of care can be funded from different sources, so it's...


Mar 23, 2021

Even if you don't live in the state of Washington, this is relevant as other states are watching and learning.  This is the first state to implement a mandatory tax for all w-2 employees in the entire state.  This tax will fund a trust that will pay up to $36,500 for long term care provided in the state by...


Mar 16, 2021

This week, Kim in Illinois asks what kinds of health risks will cause someone to be rejected for LTC coverage.  Just like with most kinds of insurance, we need to be at an acceptable risk in order to qualify for coverage.  If we are in average good health, we are likely to be approved, but there are some potential risks...


Mar 9, 2021

Two questions about taxes this week:  Barbara Sekely with Waddell & Reed in Tampa, Florida, wants to know about tax benefits and issues with LTC insurance, and Tina in Washington wants to know why her state will start taxing her in 2022 for a state funded LTC plan. Other states are likely to follow Washington if...