If you’re unable to work, you may qualify for long-term disability (LTD) benefits under your employer’s Employee Retirement Income Security Act (ERISA) plan. An ERISA LTD plan can provide you with financial security while you cannot work due to a serious medical condition caused by a sickness or injury. Your employer or insurance company should […]
What Happens If A Long Term Care Insurer Denies a Claim for Stay in an Assisted Living or Managed Residential Community (MRC)?
Unfortunately, as the population ages more and more long-term care insurers are denying claims for stays in Assisted Living or Managed Residential Communities. Insurance companies mispriced many long-term care insurance policies because of faulty assumptions. This included lapse rate guesses. What percentage of policyholders would start paying premiums after the first year or a few […]
If you or a loved one have a dementia diagnosis, you may feel overwhelmed. If you’re trying to plan your future, you may be considering long term disability (LTD) insurance and way to protect yourself and your loved ones. While a dementia diagnosis may qualify you for LTD benefits, it’s not always a simple process. […]
Alzheimer’s disease and most other forms of dementia are progressive. As you or your loved one begin to experience greater memory loss and other dementia-related symptoms, you may need to consider a more supportive care environment. Unfortunately, memory care is costly – that’s why many people turn to long-term care insurance. If you’re exploring your […]
If you or someone you love is living with Parkinson’s disease, you’re probably considering your long-term care options. Parkinson’s long-term care needs vary from person to person, but it’s a good idea to be prepared. Many families dealing with Parkinson’s disease have long-term care insurance policies—but that doesn’t mean that the policy covers everything. Sometimes […]
As more people have become aware of just how expensive long-term care can be, they’ve become more proactive in trying to figure out a way to pay for it. And insurance companies have naturally jumped at the chance to sell them long-term care insurance. But while it can help pay the high cost of nursing […]
Why are claims for long-term disability for depression and anxiety denied so often? Most of the time, it’s because they lack sufficient evidence focusing on the symptoms. You need evidence to show that you are receiving a proper standard of care and actively engaging in treatment. You need to demonstrate that the symptoms of the illness prevent […]
What You Should Know About Working While on Long Term Disability If you’re considering returning to work, you should know that working while on long term disability could put your benefits at risk. This is especially true if you’ll be earning as much as (or close to) what you were earning before your disability. But […]
What Happens If My Long-Term Care Insurance Policy Premiums Keep Increasing and I Can’t Afford to Pay Them?
If you are faced with an egregious increase in your premium you may have legal recourse by: Contacting state insurance regulators or Voicing concern at public meetings to consider rate increases or Lawsuit if the rate increase was not lawful Consider making public record request to your state department of insurance to verify the new […]