This workshop features three parts:
Secret #1: Converting Life Insurance to a Life Care Benefit Plan. There is $500 billion in life insurance death benefit in the hands of senior citizens 65 years or older in the US today, yet 88% of all policies will either lapse or be surrendered for little of no value. Find out if converting this benefit into a Life Care plan benefit is available to you.
Secret #2: Accessing Veterans Benefits. Veterans and surviving spouses can qualify for over $2,000 per month in long-term care services. Find out how.
Secret #3: Utilizing Long-Term Care Insurance or other Third Party Payors. Navigate your policy and uncover other local community payment relief options.
Cost of assisted living & ways to cover itTomash Skreba
Sometimes people get complicated with what assisted living cost is made up and what are the possibilities of covering it. In this brochure you can find any possible info concerning these aspects and even more. You can upload it http://www.autumngrove.com/wp-content/uploads/cost-of-assisted-living.pdf
It may be difficult to face the fact that your health may decline, but statistics suggest that approximately 70% of people will need long term care services at some point after age 65. This presentation advises on proactive long term care planning, including types of long term care, managing the cost of long term care, and long term care insurance options.
With more people in America living longer, the demand for long-term care is expected to rise dramatically in the coming years. Here are some key facts on a little-known aspect of End-of-Life planning.
Cost of assisted living & ways to cover itTomash Skreba
Sometimes people get complicated with what assisted living cost is made up and what are the possibilities of covering it. In this brochure you can find any possible info concerning these aspects and even more. You can upload it http://www.autumngrove.com/wp-content/uploads/cost-of-assisted-living.pdf
It may be difficult to face the fact that your health may decline, but statistics suggest that approximately 70% of people will need long term care services at some point after age 65. This presentation advises on proactive long term care planning, including types of long term care, managing the cost of long term care, and long term care insurance options.
With more people in America living longer, the demand for long-term care is expected to rise dramatically in the coming years. Here are some key facts on a little-known aspect of End-of-Life planning.
Does Medicare Pay for Long-Term Care in New YorkMark Eghrari
For many, the solution is Medicaid. This program does pay for living assistance if you can qualify, but it is only available to people with limited assets. Many people obtain eligibility through a process called a spend down. Learn more about long-term care in New York in this presentation.
Medicaid is a government health insurance program that can become quite important to people who were never poor, because it pays for long-term care. The Medicare program will not pay for custodial care. Learn more about Maryland medicaid in this presentation.
Can I Give Away Assets to Qualify for Medicaid in Arizona?Larry Deason
In fact, there are some significant out-of-pocket expenses to contend with, and there is an enormous gap: Medicare will not pay the majority of all for long-term care. Learn more about medicaid in Arizona in this presentation.
What Is the Medicaid Maintenance Needs Allowance in ConnecticutBarry D Horowitz
Medicaid will pay for help with your activities of daily living. In fact, it pays for most of the long-term care that seniors are receiving. Learn more medicaid monthly maintenance needs allowance in Connecticut in this presentation.
Long-term care is a growing concern among seniors and Baby Boomers alike. Yet few take the first step to planning for their care. Many don't know where to begin. Use our presentation to understand what LTC insurance covers and learn about alternate strategies to protect your assets, your family and your finances as you age.
How many people in this room expect to need long-term care one day? It’s not surprising that few of us do, because it’s hard to face the fact that our health might decline. But statistics suggest that the risk is greater than we think. Approximately 70% of us--that’s 7 out of every 10 people here today--will need some type of long-term care services during our lifetimes at some point after we reach age 65. And though it's good news that people are living longer, a long life span increases the chance of developing serious health problems. In fact, according to the Alzheimer’s Association, one in nine people age 65 and older has Alzheimer’s disease, which often leads to the need for nursing home care. And while older people are more likely to need long-term care, younger people may need care too, as a result of a disabling accident or illness such as multiple sclerosis or Parkinson’s disease.
This isn’t meant to scare you, but rather to remind you that the need for long-term care can happen to anyone at any time. The need to be prepared is real, and something that you shouldn’t ignore.
Is planning for Long Term Care something that you have been putting off? Maybe never crossed your mind? Take a few minutes to look at "Long Term Care Planning 101" and learn about the three and only three ways to pay for care.
Medicaid Planning in Connecticut: What Can the Healthy Spouse KeepBarry D Horowitz
Medicaid is a government program that will pay for living assistance, it is a program that is available to people who can demonstrate significant financial need. Learn more about medicaid planning in Connecticut in this presentation.
Does Medicare Pay for Long-Term Care in New YorkMark Eghrari
For many, the solution is Medicaid. This program does pay for living assistance if you can qualify, but it is only available to people with limited assets. Many people obtain eligibility through a process called a spend down. Learn more about long-term care in New York in this presentation.
Medicaid is a government health insurance program that can become quite important to people who were never poor, because it pays for long-term care. The Medicare program will not pay for custodial care. Learn more about Maryland medicaid in this presentation.
Can I Give Away Assets to Qualify for Medicaid in Arizona?Larry Deason
In fact, there are some significant out-of-pocket expenses to contend with, and there is an enormous gap: Medicare will not pay the majority of all for long-term care. Learn more about medicaid in Arizona in this presentation.
What Is the Medicaid Maintenance Needs Allowance in ConnecticutBarry D Horowitz
Medicaid will pay for help with your activities of daily living. In fact, it pays for most of the long-term care that seniors are receiving. Learn more medicaid monthly maintenance needs allowance in Connecticut in this presentation.
Long-term care is a growing concern among seniors and Baby Boomers alike. Yet few take the first step to planning for their care. Many don't know where to begin. Use our presentation to understand what LTC insurance covers and learn about alternate strategies to protect your assets, your family and your finances as you age.
How many people in this room expect to need long-term care one day? It’s not surprising that few of us do, because it’s hard to face the fact that our health might decline. But statistics suggest that the risk is greater than we think. Approximately 70% of us--that’s 7 out of every 10 people here today--will need some type of long-term care services during our lifetimes at some point after we reach age 65. And though it's good news that people are living longer, a long life span increases the chance of developing serious health problems. In fact, according to the Alzheimer’s Association, one in nine people age 65 and older has Alzheimer’s disease, which often leads to the need for nursing home care. And while older people are more likely to need long-term care, younger people may need care too, as a result of a disabling accident or illness such as multiple sclerosis or Parkinson’s disease.
This isn’t meant to scare you, but rather to remind you that the need for long-term care can happen to anyone at any time. The need to be prepared is real, and something that you shouldn’t ignore.
Is planning for Long Term Care something that you have been putting off? Maybe never crossed your mind? Take a few minutes to look at "Long Term Care Planning 101" and learn about the three and only three ways to pay for care.
Medicaid Planning in Connecticut: What Can the Healthy Spouse KeepBarry D Horowitz
Medicaid is a government program that will pay for living assistance, it is a program that is available to people who can demonstrate significant financial need. Learn more about medicaid planning in Connecticut in this presentation.
With the cost of Long Term Care Insurance continuing to rise, advisors look for new ways to deliver meaningful solutions to address the needs of the clients at death… and during their lives. We’ll take a closer look at what’s going on in the LTC Marketplace, and what solutions are appropriate to meet the needs of your high net worth clients.
Many people and advisors understand the need for long-term care protection, but they need help understanding the different insurance solutions available today. LTCI Partners put together a Special Report with case studies looking at different LTC planning solutions -- Stand-alone LTC, Linked-Benefits LTC and Life Insurance with Chronic Illness riders.
Nearly 80 percent of the deposits in local savings banks are owned by those over age 55.
By partnering with experienced eldercare professionals, a bank can build closer relationships with these maturing multi-generational families (aging baby boomers and seniors).
Banks who pay attention to these critical customer segments will not only preserve their customer base but will see a substantial increase in attractive new depositors resulting in improved profitability.
Are you prepared for the risk of needing long term care for you or your spouse? Even if you think you are prepared, this presentation will provide even the casual observer some important information. Don't wait until it's too late when you cannot do anything about this, start designing your plan now with the help of this presentation.
Use a HECM Reverse Mortgage as a Funding Strategy for CareGeorge Omilan
For your clients, 62 and older, a Reverse Mortgage Standby Line of Credit can be used to create a senior care funding strategy so that your clients can receive the care they need while remaining in their home.
Are you struggling to manage the challenges of caring for a loved one? Feeling overwhelmed or exhausted by juggling family, work, home and caregiving responsibilities? Are you a Health or senior care professional witnessing your patients’ families struggling and wonder how to help them? When facing challenges, resilience provides the capacity to handle tough decisions, to persevere and prevail. When tapping resilience, the daunting becomes do-able; difficult experiences turn into learning experiences.
Both family caregivers and the professionals who support them are invited to view this presentation. This workshop includes 6 parts that will teach you empowering and sustaining resilience-building strategies:
- Defining resilience and why it is important for family caregivers
- How lack of resilience impacts health care and home care organizations
- A method for assessing caregiver resilience
- Practical ways to build caregiver resilience
- Effective strategies professionals use to promote caregiver resilience
- Helpful resources caregivers can use to build resilience
Join Ellayne S. Ganzfried, M.S.,CCC-SLP, ASHA Fellow and Executive Director of the National Aphasia Association, Chris Kelly, MEd Director of Learning and Development with Griswold Home Care, and a person living with Aphasia, for this exciting presentation recognizing National Aphasia Awareness Month. This engaging presentation will highlight innovative assistive technologies while also providing a Fight Aphasia Toolkit with tools and resources for people living with Aphasia and the family/professional caregivers who support them.
Arthritis affects one out of every five Americans – an estimated 52.5 million people – and is the leading cause of disability in the nation. The condition itself can make it difficult and painful to conduct even the most mundane daily tasks such as walking, climbing stairs, using a computer, or brushing your teeth. The term “arthritis” encompasses over 100 rheumatic conditions that impact the body’s joints, causing pain and inflammation to those who suffer with it.
Griswold’s Christopher Kelly MEd, Director of Learning & Development, Dianne Kelly, RN Cardiac Cath Lab Assistant Manager, and a person living with heart disease discuss the nature, causes, symptoms, treatment and impact of heart disease in older adults. This interactive webinar recognizing February as National Heart Awareness Month will also provide a Fight Heart Disease toolkit that provides tools and resources to improve care and quality of life for people with heart disease and their family caregivers.
Aging and Driving - Making Informed Decisions that Support Independence and S...Griswold Home Care
Join us as Griswold Home Care’s Christopher Kelly, M.Ed., Director of Learning & Development, focuses on making informed decisions that support independence, quality of life and safety with aging and driving. There are many older adults who are excellent drivers. However, aging can cause changes in functioning that impact driving skills. As a result, the issue of aging and driving has been both an emotional and controversial topic for many years.
Join us as Griswold Home Care’s Christopher Kelly M.Ed., Director of Learning & Development and dedicated family caregivers share the latest research and innovative best practices in Alzheimer’s Disease treatment and support. You will also benefit from a review of the National Alzheimer’s Project Act (NAPA) and a 2013 update to the National Alzheimer’s Plan.
Mental health issues such as depression and anxiety are NOT a normal part of aging and are hard to discuss, diagnose and treat. The good news is that there are innovative programs, tools and resources that can help.
[Infographic] Living with the Repetitive Symptoms of DementiaGriswold Home Care
To recognize World Alzheimer's Awareness Month in September, we have created a highly visual infographic that captures the nature of repetitive symptoms and their impact on the lives of people living with dementia. Repetitive symptoms are often misunderstood and create frustration and exhaustion for clients and their family/professional caregivers. It is important to remember that people with dementia cannot control their symptoms. The good news is that there are effective tools and approaches that can improve our understanding and response to repetitive symptoms. Read on to learn about the common triggers for repetitive symptoms and how they can be managed. We hope that this infographic provides innovative, practical approaches that improve quality of life for all involved in dementia care and support.
The workshop features three parts:
Step 1: Share the emotional side of home safety issues for people with Alzheimer’s Disease and their caregivers based on literature, advocacy and social media
Step 2: Hear real stories from an occupational therapist and a family caregiver who has lived/worked through home safety issues
Step 3: Present an Alzheimer’s Home Safety Solutions toolkit that drives effective home safety planning and quality of life
We are very fortunate to have access to great tools, checklists, and resources related to Home Safety for people with Alzheimer’s Disease (AD). To celebrate National Home Safety Week, we thought it would be important to validate the emotional side of Alzheimer’s safety issues. We also have an opportunity to learn more about the cause of safety issues.
We’ve all heard that protecting skin from the sun will help prevent it from aging. But if you’re already older, is there any point to worrying about sun damage? Since the skin becomes more delicate and vulnerable as we age, that means that it’s more important than ever for older adults to protect their skin from damage caused by the sun. Older adults need to take special precautions to limit their sun exposure as much as possible.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
Kyiv PMDay 2024 Summer
Website – www.pmday.org
Youtube – https://www.youtube.com/startuplviv
FB – https://www.facebook.com/pmdayconference
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
Buy Verified PayPal Account | Buy Google 5 Star Reviewsusawebmarket
Buy Verified PayPal Account
Looking to buy verified PayPal accounts? Discover 7 expert tips for safely purchasing a verified PayPal account in 2024. Ensure security and reliability for your transactions.
PayPal Services Features-
🟢 Email Access
🟢 Bank Added
🟢 Card Verified
🟢 Full SSN Provided
🟢 Phone Number Access
🟢 Driving License Copy
🟢 Fasted Delivery
Client Satisfaction is Our First priority. Our services is very appropriate to buy. We assume that the first-rate way to purchase our offerings is to order on the website. If you have any worry in our cooperation usually You can order us on Skype or Telegram.
24/7 Hours Reply/Please Contact
usawebmarketEmail: support@usawebmarket.com
Skype: usawebmarket
Telegram: @usawebmarket
WhatsApp: +1(218) 203-5951
USA WEB MARKET is the Best Verified PayPal, Payoneer, Cash App, Skrill, Neteller, Stripe Account and SEO, SMM Service provider.100%Satisfection granted.100% replacement Granted.
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
3.0 Project 2_ Developing My Brand Identity Kit.pptxtanyjahb
A personal brand exploration presentation summarizes an individual's unique qualities and goals, covering strengths, values, passions, and target audience. It helps individuals understand what makes them stand out, their desired image, and how they aim to achieve it.
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
2. Housekeeping & Q/A
Enter in your questions or
comments throughout the webinar
Important
Avoid sharing any information that
you would not want others to see
3. This is not tax, legal, or insurance advice
• Griswold Home Care and partner presenters and their respective firms are not a law firm. We do not offer legal advice.
Information contained within this webinar, website, our publications, our client agreements, client communications, and oral
communications are not, nor intended to be, legal advice.
• Griswold Home Care and partner presenters and their respective firms are not a tax advice experts. We are not offering tax
advice. Information contained within this webinar, website, our publications, our client agreements, client communications,
and oral communications are not, nor intended to be, tax advice.
• Griswold Home Care and partner presenters and their respective firms makes no representations, warranties, or assurances
as to the accuracy, currency or completeness of the content contain on this website or any sites linked to this site.
Limitation of Liability
• The materials on this webinar and at this site are provided “as is” without any express or implied warranty of any kind
including warranties of merchantability, no infringement of intellectual property, or fitness for any particular purpose. In no
event shall Griswold Home Care or its agents or officers be liable for any damages whatsoever (including, without limitation,
damages for loss of profits, business interruption, loss of information, injury or death) arising out of the use of or inability to
use the materials, even if Griswold Home Care has been advised of the possibility of such loss or damages.
4. Our Goal for Today
• Frame the cost and impact of Long-Term Care planning
• Uncovering Options to Pay For Long-Term Care
– Life Insurance
– Veterans Benefits
– Long-Term Care Insurance
– Other Third-Party Payors
5. Presented by:
Patricia Servaes
Founder of Elder Resource Benefits Consulting
Don Poole
Co-Founder and Chief Marketing Officer
Life Care Funding, LLC
Matt Murphy
President
Financial Health Services, LLC
6. What is Long Term Care?
Long-term care is a range of services and supports you may need to meet your personal
care needs. Most long-term care is not medical care, but rather assistance with the basic
personal tasks of everyday life, sometimes called Activities of Daily Living (ADLs), such as:
Bathing
Dressing
Using the toilet
Transferring (to or from bed or chair)
Caring for incontinence
Eating
70 percent of people over the age of 65 will need long term care
services at some point in their lifetime
http://longtermcare.gov/the-basics/what-is-long-term-care/
7. Cost of Long Term Care
• Cost can easily be the single largest lifetime
expense of an individual
• Tool: www.genworth.com/costofcare
8. Impact of LTC on Care Recipient
Genworth Cost of Care Survey 2013 – ‘Beyond Dollars’ - The True Impact of Long Term Caring Report.
• 88% of Care Recipients said their household income was reduced by an average 34%
due to their long term care event
• 63% Reduced their savings by an average 61%
• 49% Of care recipients had never considered the possibility of needing long term care
9. Impact of LTC on Primary Caregiver
Genworth Cost of Care Survey 2013 – ‘Beyond Dollars’ - The True Impact of Long Term Caring Report.
• 83% of Primary Caregivers Contributed financially to their loved-ones long term care
— an average $8,800 for out-of-pocket care expenses (excludes cost of facility care)
• 42% of Primary Caregivers reported the care recipient lived in their home for 3 or
more years
• 63% of Primary Caregivers reported lost income — an average of 23% of household
income
10. Beyond the Dollars
“My wife had to be available 24/7.
She also became
my chauffeur and needed to help me
shower and
dress — to help me move at all,
really. It impacted
her freedom and her lifestyle.”
“Anger at my sister and
Brother for not helping more
with our mom... Stress with my
Husband over how much of ‘our
personal time’ taking care of mom is
taking up from our own lives.”
11. Paying for Long Term Care
• ‘Long term care can be expensive — and,
typically, it's an out-of-pocket expense.’
• ‘The more you know about the options,
however, the better choices you can make.’
http://www.mayoclinic.com/health/long-term-care
14. Life Care Funding
Allows Seniors to Convert a
Life Insurance Policy into a Life
Care Benefit Plan which is paid
directly to the care provider of
their choice.
-Private Duty Home Care
-Home Health Care
-Assisted Living
-Independent Living
-Skilled Nursing
-Related Services
15. According to Conning & Company:
"There are 150 million life
insurance policies in-force in the
United States of which senior
citizens own up to $500 Billion
worth of policies.”
88% of all policies issued will lapse
or be surrendered for little or no
value.
According to a 2007 GAO study:
38% of Medicaid applicants owned a
life insurance policy that needed to be
liquidated to qualify.
16. A Life Insurance Policy is legally
protected as personal property by
the US Supreme Court and the
policy holder has the guaranteed
right to use it to pay for Senior
Care.
“A Life Insurance Policy is
personal property just like a
home or stocks.”
Supreme Court case Grigsby v. Russell
(1911)
-Justice Oliver Wendell Holmes
17. Life Insurance needs are
based on Insurable Interest
Q: What was the Insurable
Interest you were trying to
protect when you bought
your Life Insurance Policy?
A: If a policy owner needs in
home care and no longer
needs or can not afford their
Life Insurance Policy, then
converting it to pay for Senior
Living should be considered.
18. Seniors have few options if they
do not need or can no longer
afford their Life Insurance
Policies:
- Continue paying premiums, keep
policy in-force so beneficiaries
can collect Tax Free, Probate
Free Death Benefit.
- Surrender the Policy back to the
Life Insurance Company:
Average Cash Surrender Value
4-6% of face; well below the
potential present day value.
- Stop paying premiums, Lapse or
Abandon the Life Insurance
Policy for No Value.
19. Key Components:
•Preserves Death Benefit over the
course of the spend down period
•Balance of Benefit paid to family if
senior dies before payout period
•Funds paid to care provider
through an FDIC Insured,
Irrevocable Benefit Account
•Keeps people off Medicaid,
Qualified Medicaid Spend-Down of
unprotected asset
•Any type/size Life Insurance
policies
•No cost or obligation to apply
•30 to 45 days to qualify
Life Care Funding
Allows Seniors to Convert a Life
Insurance Policy into a Life Care Benefit
Plan which is paid directly to the care
provider of their choice.
20. Life Care Benefit Enrollment
Example #1
Case Study: 14793181H
Policy owner: 70 Male
Policy value: $250,000 (term)
Lapse Value: $0
Cash Value: $0
Life Care Benefit: $150,000 or
60% of death benefit
21. Case Study: 27785691A
Policy owner: 73 Female
Policy value: $100,000 (UL)
Lapse Value: $0
Cash Value: $0
Life Care Benefit: $35,000
or 35% of death benefit
Life Care Benefit Enrollment
Example #2
22. Seniors and their
families need to know
that if they own a Life
Insurance Policy they
can use it pay for
Private Duty Home
Care.
23. Policy Conversion Bills Based on Life Care Funding Program
Introduced to Legislatures as of September, 2013:
CA- SB 214
NY- A 7952
FL- HB 535
NJ- A 4168
KY- HB 314
LA- HB 545
ME- LD 1092
Legislative Activity to Educate and Inform
Texas HB2383
Signed into Law by
Gov. Rick Perry
June 14, 2013
Bills grant authority to the state Medicaid Departments to
educate citizens about the option to convert a life
insurance policy into a specifically configured Long Term
Care Benefit Plan as part of a Medicaid spend-down.
24. • Consumer: Use an asset they own and paid for over years
of premium payments to fund their Senior Care by
converting it into a Life Care Benefit Plan to help them stay
safely and comfortably in their homes, while preserving a
portion of the death benefit for the family.
• Senior Care Provider: Private Duty Home Care service
provider receives private pay funding for services over a
guaranteed time frame without disruption. (Increase
Revenue)
• Tax Payers: Keeps people private pay and off Medicaid.
Qualified spend-down of Life Insurance Policy to keep a
person private pay and delay entry onto Medicaid
generating considerable savings for tax payers.
Who Benefits and How?
25. It’s all about Options:
Educating Seniors and
their families about
how they can convert
their Life Insurance
Policy Death Benefit
into a Living Benefit to
remain safely and
comfortably in their
Homes.
www.lifecarefunding.com
(888) 670-7773
27. 27
Confidential
Bringing the VA Benefit Home
Elder Resource Benefits Consulting is not a Veterans Services Organization
and is not affiliated with the VA
28. Veterans Administration - Aid & Attendance Pension
to assist wartime veterans and their surviving
spouses who:
Require the Aid & Attendance of another person to
assist with aspects of daily living.
As of November 2012
9 Million Veterans are over age 65 –
and this does not include their
Surviving Spouses
This tax free benefit has been available since the early 1950s.
OVERVIEW
28
29. THE MAXIMUM AWARD FOR 2013
A Surviving Spouse can receive up to
$1,113 per month
A Veteran can receive up to $1,732 per
month
A Veteran with a Spouse can receive up
to $2,054 per month
Well Veteran with an ill Spouse can
receive up to $1,360 per month
Once the applicant meets the disability criteria for A&A, the actual amount of the
original award is determined by their Monthly Financial Means Test
29
30. WHO IS A WARTIME VETERAN?
To be considered a War Time Veteran, The Veteran needs to
have Served at least One Day during a Period of War
Periods of war for this benefit are:
World War II – Dec. 7, 1941, thru Dec. 31, 1946. Min 90 days active service
Korean War - June 27,1950, thru January 31,1955 Min 90 days active service
Vietnam War – Min 90 days active service
From Feb. 28, 1961 thru Aug.4, 1964 – only if
“in-country” of Vietnam
August 5, 1964, and ending on May 7, 1975 –
no matter where in the world you served
Persian Gulf War - August 2, 1990, through date to Min 2 years active service
be prescribed by Presidential proclamation or law – should be soon!
30
31. WHO IS A SURVIVING SPOUSE?
Someone who was married to
the Veteran at the time of his death
What if the person was married to a veteran, he died
and she remarried a non-veteran or divorced a
veteran?
31
33. THE INCOME TEST
What is Income?
Income, for the most part, is everything most of us
think of as income –
So do we all agree we know what
income is?
33
34. Well That’s Not It !
Income For VA Purposes:
Income MINUS
Regularly Occurring, Unreimbursed
Medical Expenses
as long as you meet the Criteria for Aid and
Attendance
34
35. THE INCOME TEST - EXAMPLE
$3,000 Income per month
$4,000 per month – HC cost
$-1,000 income for VA Purposes
- If your Income for VA purposes is $0 or Negative, there
is potential for the full Monthly Amount
- If the HC Cost is $2,000 your VA income is $1,000,
Subtract the $1,000 from the maximum award for an
approximate VA benefit
35
36. AGING IN PLACE
If our Applicant had $25,000 in assets & $1,000 in
additional monthly expenses - they would be out of
assets in 12.5 months or 1.04 years – but with the
benefit there assets would last:
2.35 years for the Surviving Spouse
3.26 years for the Well Vet ill Spouse
7.80 years for the Single Veteran
And we would have positive cash flow
for our married Veteran
36
37. THE ASSET TEST
The Asset Limit is determined by each individual’s
situation
The largest amount of assets that an individual had
in their own name that ERBC successfully helped get
the award was $248,000 – but that is a rarity!
Most people seem to be able to be between $120,000
to $150,000 – although some can only have much
less
The important thing to remember is this is not a Yes or
No Award, it is If and When.
37
38. MYTH BUSTERS
Do you know…
…that there is no $80,000 asset limit?
…that when a veteran or spouse is in a nursing home
on Medicaid the non-Medicaid spouse may still get
the full benefit at Home?
…that a veteran living at home whose wife is receiving
Home Care may still qualify for $1,360 per month?
Thanks to ERBC, Now You Do!
38
41. 25+ years providing services in the non-
medical home care
900+ current clients (care recipients)
150+ third party payor relationships
100+ non-medical home care providers
20+ employees
HQ in Plymouth Meeting, PA
About Us
43. Third Party Payor Services
Expertise
Works with all types of third party payors
e.g. long term care insurance, government, non-profit,
hospice
Administrative convenience
Allows care recipients and care providers to
focus exclusively on care
Cash flow benefit to your clients
No to little out of pocket impact
Fees paid by third party payor
Ensures regulatory compliance
44.
45. Easy Pay
Offers Administrative Convenience
Overcome the 2-check objection
Mitigate collection risk
FHS accepts most forms of payment
i.e., ACH, Visa, MC, Check
Economics
5% of the sum of caregiver fee + the office fee
46. • Long Term Care Planning affects the entire family
• The cost of Long-Term Care is high
Key Takeaways