Hey, there!
My name is Noah! I’m an accountant by day and an insurance advocate by night. From my experience, insurance is a great way to manage your risk and protect your assets when it makes sense! Feel free to watch more videos.
If you have any questions
Inflation Protection: Prices go up over time. A can of soda used to be 25 cents. Can you buy a can of soda for 25 cents today?
Medicare: Does Medicare cover long-term care services? Only under specific circumstances for a short period of time.
Partnership Program: This program involves the federal government, state governments, and insurance companies. The program provides an incentive to people who purchase long- term care coverage. The incentive protects some of their assets.
Tax Qualified Vs. Non-Tax Qualified—What are the general differences?
(Always discuss tax implications with your accountant or tax preparer, as the IRS updates their rules on an ongoing basis.)
Tax-Qualified Policy: What are the tax advantages of a tax-qualified policy?
(Always discuss tax implications with your accountant or tax preparer, as the IRS updates their rules on an ongoing basis.)
Tax-Qualified Policy: What are the general requirements for a policy to be considered tax qualified?
(Always discuss tax implications with your accountant or tax preparer, as the IRS updates their rules on an ongoing basis.)
Benefits Overview With My Virtual Self!
Coverage: What is generally covered under a Long-Term Care Insurance policy?
Elimination Period Overview: Benefits are provided after a specific amount of time has passed while the policy holder is paying out of pocket for long-term care services. Once the time deductible has been met, the insurance company provides benefits in line with the policy.
Receiving Benefits: What criteria must be met to receive benefits from a Tax- Qualified Long-Term Care Insurance policy?
(Tax-qualified polices are more strict when filing claims for benefits compared to non-tax qualified policies.)
Cognitive Impairment and Long-Term Care
Activities of Daily Living Summary
The Cost of Long-Term Care—What affects the cost of a long-term care policy? What is the average cost of a long-term care policy?
Why Is Long-Term Care Such a Big Deal?
I break down the average costs from 2007. The costs are rising and will continue to rise. Who will pay for the care if you ever need it?