After last week's episode on tax deductibility of LTC insurance premiums, we received multiple inquiries about taxes and C corporations paying for LTC insurance for some key employees.  This is apparently a HOT TOPIC!!!  Yes, corporations can often deduct premiums paid for employees, the employees receive LTC coverage with tax free benefits, and the employee's gross income is not increased by this employer benefit.  Listen and learn how this strategy works and ask us to help you decide if this can be offered to your employees.

Maggie wants to know if she can place assets into a trust and qualify for Medicaid to pay for LTC needs.  That is a complex question, and Diane shares how that strategy compares to using LTC insurance to pay.  Every strategy has advantages and disadvantages, and we need to carefully consider each when making these important decisions that can protect our family, assets and choices.

When life throws a curve ball, and completing common tasks becomes complicated, having a plan in place to help us live independently in our own home is more important than ever! Diane shares some of what she is going through personally and how people can be prepared for that tomorrow when help is needed.  With LTC insurance,, we can honestly tell our families they can maintain their lives while our own LTC support system is there to help us stay independent.

Beth with the Community Food Pantry in Tampa, Florida, wants to know how to be sure that a company today will be her best option for LTC coverage in 20-30 years.  Diane shares some history in the LTC industry that will help people be confident with their choices.

I've had some circulatory concerns for the last week or so.  I'm working with my medical providers to determine the cause as I have tingling in my fingers and toes and some numbness there and in my mid section.  I'm doing better today after some acupuncture yesterday.  I've also had many additional clients ask me for help recently.  In light of all of this, we didn't have time to record this week, so I am re-posting one of my first episodes in which I share why I chose this profession and why I love helping people.  Thank you for understanding.

Instead of answering a question this week, Paul and I share how his mom is doing at 89, with Parkinson's disease and 70 hours of home care help every week.  We are all so thankful that she owns LTC insurance and that she has choices.  Listen and learn how that has helped all of us be prepared for this tomorrow.

Washington state has a mandatory LTC tax, and to opt out you need to have your own LTC insurance in place by 11/1/2021.  LTC insurance companies aren't accepting applications under age 30, so what tools are available for a 28 year old?  Diane shares details on the tax, why insurers are concerned, and what young people can do to both avoid the tax and protect their families from extended care needs.

This week, Janna in Kansas wants to know how to qualify for the best rates available for LTC insurance.  Diane shares how insurance carriers view our health histories and our potential for needing LTC services in the future.  She also shares stats of how many applicants qualify for the best health rates.

This week, Jonathan in Kansas asked Diane to tell him how much LTC insurance costs so he would know how much he wants.  Insurance is different from most other products in that we need to decide what we want before we determine the cost.  It's not a cost per unit like a grocery product.  Diane shares decisions that must be made to customize a plan to protect your family, choices and savings.

This week, Gayle in California is asking how long people typically live in a nursing home. Diane shares that how care is funded often determines this answer.  Whoever is paying the bill decides where we live.  When that person is us or our own insurance, we can decide.  When it's the state paying, we lose control and live where we're placed.