Baygroup Insurance

Maryland's premier Long-Term Care insurance agency


This tag denotes content that is for advisors.

The Importance of Early Alzheimer's Disease Detection

Dementia is a blanket term for memory loss and intellectual disabilities that interfere with daily tasks. However, according to the Alzheimer’s Association, Alzheimer’s Disease makes up 60-80% of all types of dementia cases. Alzheimer’s is not a normal part of aging though. While it is documented that those older in years may experience slower thinking and the occasional difficulty with remembering something in particular, Alzheimer’s is much more severe and needs careful monitoring. 

The Changing Trends of Long-Term Care

When people imagine long term care they often envision the elderly being cared for in nursing homes. However, research indicates that more often than not the reality of long term care does not actually reflect this image. In fact, there are several trends that are currently changing the face of long term care in America.

Have a Plan in Place for Finance Care Costs Later in Life

Jill Rosner, Geriatric Care Manager, Rosner Healthcare Navigation, columnist of this article from February 1, 2015 for Carroll County Times discusses the need to have a plan in place to cover custodial care with Melissa Barnickel, CPA, CLTC of Baygroup Insurance. Excerpts include:

Early-signs of Alzheimer's Disease are all around you

Alheimer's Disease affects a reported 36 million people worldwide.  Meryl Comer, award-winner reporter and Alzherimer's advocate has written a book " Slow Dancing With a Stranger: Lost and Found in The Age of Alzheimer's".   It is quite powerful. She explains the struggle for diagnosis, emotional and financial hardships involved.

Long Term Care Insurance Keeps Family Relationships Strong

Throughout our lives, we enjoy spending time with our families and cherish those relationships.  Sometimes, it is not happy times.  As time goes on, we may need to ask help from family members to help with meal preparation, shopping, housework, finances and personal services, such as bathing, dressing or using the bathroom.  If you were to need care today, who would that be?  If you need care in 20 years who will that be?  Will you be able to stay at home?

Life Expectancy could be a consideration in selection benefits on a LTC policy

You know how long you can expect to live, it may help you with many financial planning decisions.  Granted, this is not an absolute, but is yet another input to use.

Two Words: Expertise and Patience

Expertise and Patience -- Both are required by an insurance agent to help consumers sift through the maze of terminology and options in the world of insurance.   Thank goodness I found Melissa Barnickel!!!   Her no-pressure approach helped me immensely in navigating through that maze to find the LTC policy that best suited my needs.   That was in 2007 and her support continues to this day with my ever present questions…some of which were often repetitive, I’m sure.    Thanks, Melissa!!! 

Harford County, Maryland Long Term Care Insurance Policyholder  M.V.

How to Compare Home Health Care Agencies?

When you are interviewing home health care agencies consider the following 16 questions.

Best Nursing Home Rankings per U. S. News & World Report

To help you find the best nursing home for your loved one, U.S. News rated nearly 16,000 nursing homes.  This provides information on safety, health inspections, staffing, and more. Click here for the interactive report.

What inflation rider do I select on a long term care insurance policy?

The carriers have re-priced their products, and offer a variety of options.    

Many of our clients 60 years and under select 3% compound because this will be adequate to keep up with inflation of home care and assisted living based on recent years.  Their other resources can supplement nursing home costs.  Also, 3% is the "sweet-spot in pricing.  


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