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VideoLost Dog! Golden/Pyrenees mix, Kaiha, was last seen October 11 - Hwy 119 - Denhawken area. Was wearing collar (Drama Queen). Please help us find her! Call Billy 210-745-6059. Thank you!
Found: Calico cat, female, white, orange, and black, on CR 352, La Vernia. 210-667-1052.

VideoFound Puppy - long haired dachshund found on Old Corpus Christi Rd several weeks ago. I have posted his picture everywhere, to no avail. Please help! 210-355-1594 call or text!
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Help Wanted

Provider position in Wilson/Atascosa County, temporary part-time, hourly depending on family needs which may include some evening and weekend hours. Provides services to consumer with intellectual and developmental disabilities living in their own home or family home. Assists them with hygiene, housekeeping, meal preparation, and other services as needed. Trains individuals to do these activities independently.  Provides transportation to medical appointments, outings and other community access activities. Transportation will include travel out of the area and to other cities as  requires. High school diploma or GED, or pass competency test administered by Camino Real and provide 3 letters of reference; valid Texas driver’s license and acceptable driving record. Apply at Camino Real CS, 1325 3rd Street Floresville, or contact Human Resources for application 210-357-0359. www.caminorealcs.org. EOE.
Warning: While most advertisers are reputable, some are not. Unfortunately the Wilson County News cannot guarantee the products or services of those who buy advertising space in our pages. We urge our readers to use great care, and when in doubt, contact the San Antonio Better Business Bureau, 210-828-9441, BEFORE spending money. If you feel you have been the victim of fraud, contact the Consumer Protection Office of the Attorney General in Austin, 512-463-2070.
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Savvy Senior


Save on long-term care insurance




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Disclaimer:
Jim Miller is responsible for this content, which is not edited by the Wilson County News or wilsoncountynews.com.
Jim Miller
The Savvy Senior
January 11, 2011 | 3017 views | Post a comment

Dear Savvy Senior,

My wife and I have been thinking about purchasing a long-term care insurance policy, but have found the monthly premiums to be very expensive. How can we find affordable coverage?

Planning Ahead

Dear Planning,

The biggest factor that keeps millions of Americans from purchasing long-term care (LTC) insurance is the high price tag. Depending on your age, you and your wife could be looking at $7,000 a year (if not more) to purchase a comprehensive policy that covers nursing home care, assisted living and in-home care. Fortunately, there are ways to save and still get adequate coverage.

Buy Young

One of the most basic ways to lower LTC insurance premiums is by purchasing a policy at a younger age. A policy that costs a 55-year-old $2,000 a year in premiums could costs a 65-year-old more than $3,000. Health is another fact that can affect costs. While good health can lower your monthly payments, having a preexisting medical condition can increase your costs, or you may not be able to get insurance at all.

Check your employer

Some employers offer LTC insurance as an employee benefit that is often five to 10 percent less expensive that buying a policy on your own. Or, if you or your wife is a current or retired Federal employee, you can get affordable coverage through the Federal LTC Insurance Program ( www.ltcfeds.com ).

Tweak the Policy

The cost of LTC insurance depends greatly on the policy’s previsions. Ways to trim your premiums:

•Reduce the benefit period: A policy that covers you for two or three years, versus an unlimited benefit, meets the needs for most people and can cut your premiums in half.

•Lower the daily benefit: You can get a policy that pays $100, $150, $200 per day or more, but the higher the benefit, the higher your premium. To figure out how much coverage to get, check out the nursing home prices in the area you plan to be. Then figure out how much of the bill you could shoulder yourself, and choose a benefit that makes up the difference.

•Extend the waiting period: Most policies have waiting periods (30, 60, 90 days, or more) that require you to pay out-of-pocket before the policy kicks in. The longer you wait the lower your premium.

•Get cheaper inflation protection: Choosing a policy that offers inflation protection linked to the consumer price index is about 20 to 40 percent cheaper than standard policies that use a 5 percent compound inflation factor.

Get State Help

Many states today have a LTC partnership program that can help you save. Under these programs, if you buy a LTC policy approved by your state Medicaid agency, you can protect an amount of assets from Medicaid equal to the benefits that your policy pays out. How does it work? Let’s say you buy a policy that provides $200,000 in benefits (multiply your daily benefit by your benefit period). If you use up all the benefits but still need care, you can shield $200,000 of your assets and still have Medicaid pay your remaining nursing home bills. With this program, you can choose a shorter benefit period which will lower your premiums. Contact your state insurance department to see if your state offers a program.

Add a Supplement

Another option to consider is Uncle Sam’s soon-to-be-established LTC program known as the Community Living Assistance Services and Supports (CLASS) Act -- see healthcare.gov. Starting in 2013, this program will allow workers to set aside money from their paychecks for five years, in order to receive a cash benefit of at least $50 a day to help pay for LTC services when needed. While CLASS won’t cover all your LTC costs, it can work as a supplement to a LTC policy.

Savvy Tips: For more information, visit http://www.longtermcare.gov and http://www.aaltci.org.

Jim Miller is a contributor to the NBC “Today” show and author of The Savvy Senior book. Send your senior questions to: Savvy Senior, P.O. Box 5443, Norman, OK 73070, or visit http://SavvySenior.org .
 
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