Baygroup Insurance

Maryland's premier Long-Term Care insurance agency

Long Term Care Insurance

The Realities of Long Term Care

Long term care services include help with everyday tasks such as bathing, eating, dressing, using the bathroom, etc. According to a new study by LifePlans, Inc. on behalf of America’s Health Insurance Plans, 50% of Americans will need some type of long term care during their lifetime. About 30% of those care recipients will need it for five or more years. As health insurance does not cover this type of care, it is important not to underestimate the high cost involved.

 

Home Health Care

Home Health Care insurance can provide coverage for you, your spouse and loved ones to receive professional care in the comfort of your own home. 74% of people prefer home care over a facility (assisted living or nursing home).

Links

For information and resources on topics relating to our products, please see the following links:

Important Information to Keep Current on LTC Policy

As we work with an increasing number of our clients who are using their long-term care insurance policies, we remind you that there are actions that you may need to take to make certain that the policy works effectively for you and your family if you require care:

How to Deal with Tax Changes to Itemized Medical Expenses

The new year is set to bring in an unwelcome surprise for many seniors in America when it comes to their taxes. Those 65 and older who itemize their medical expenses will now only be able to claim a deduction once their cost reaches 10% of their Adjusted Gross Income (AGI)- up from 7.5% in previous years. This change technically went into effect on December 31, 2012, but if a senior or their spouse reached the age of 65 between then and December 31, 2016, the 7.5% rate was then locked-in for that time period due to a large opposition from seniors carrying the highest burden of medical bills. However, this all changes on January 1, 2017 when the 10% cut-off for medical expenses becomes the rule, not the exception, for everyone.

Appreciation for Long Term Assistance for our LTCI Policies!

Melissa, Scott and I would like to thank you for your continued interest and assistance regarding our Long Term Care Insurance policies. It is hard to believe that several years have passed since you first briefed us on our options and walked us through the application process. We were fortunate to have found you and so glad that we purchased our policies. Everything we read about financial planning includes a section on the importance of obtaining Long Term Care Insurance. In addition, your advice regarding trends in pricing among competing companies was extremely accurate. We definitely made the right choice. Great Work, Melissa!

S. and J. H., Fairfax County, Fairfax, VA

Honest assessment of existing policy with federal long term care plan

Melissa,

I appreciated your prompt response. Rather than trying to sell me another product, you provided your honest assessment that you could not provide a less expensive policy than the one I had.  

Thank you.

Cheryl. L, Nampa, Canyon County, Idaho

How to Evaluate What to Do About Federal Long Term Care Rate Increase

Although this is geared to federal employees who are evalating what to do about Federal Long Term Care rate increase, the process of evaluating what to do are the same for those with other policies.  

Informative education personalized to my needs

After attending one of Melissa's very informative webinars on long-term care insurance, I made an appointment with her to get more personalized information. During this meeting, she very thoroughly answered the two pages of questions that I had provided beforehand and emailed me additional information that would have been hard to capture in notes. From the patient, cheerful responses that I received during our meeting, I would never have guessed that she was leaving on vacation the next day and was extremely busy. Several days later, I received brochures in the mail that she thought might be useful for other family members. I strongly endorse Melissa and can't imagine finding a more customer-focused or knowledgeable long-term care professional.

T.M., Annapolis, Anne Arundel County, Maryland

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