Baygroup Insurance

Maryland's premier Long-Term Care insurance agency

Long Term Care Insurance

Do You Have a Long Term Care Plan?

Do you have a plan for your long-term care when you become a senior? When the time comes and it finally becomes harder for you to perform daily activities on your own, it is important to know what you want to do. Will you move in with children or other relatives? Hire a caregiver to come to your home? Move to an assisted living facility? Go it alone for as long as possible? Whatever your decision it is important to understand the full physical, financial, and emotional impact on yourself and your loved ones.

Open-Minded

Baygroup was helpful in our decision making for long term care insurance because Melissa Barnickel was open-minded and comfortable working with a gay couple.  She was a good communicator - always responding to questions on email.  She kept after us while this process stalled for a while over the summer. She offered us alternatives for levels of pay from $2,000 to $7,000 monthly benefits and offered more than one insurance company.

Janice L, Fairfax County, VA

Knowledge and Expertise were Invaluable

Melissa's knowledge and expertise were invaluable in guiding us through the process of selecting and obtaining long term care insurance.

Family, Friends and Finances

As you spend time with family members during this holiday season, you may want to consider: might they be easy prey to scammers and swindlers? If the answer is “yes” or even “maybe” or “I’m not sure,” please take a moment to consider these important points:

When someone needs long term care, a change in their abilities can happen quickly. Someone who for years has always written their own checks may, overnight, be unable to pay their own bills or coordinate the preparation of taxes. Anticipate this likely scenario.

For seniors who have been especially private about finances, this can be a difficult and delicate topic to bring up, but one way to approach it is to encourage them to introduce you to their attorney, their bank manager, their tax preparer. Realize that changes in mobility or cognition may make this difficult or impossible in the future.

Aud Lang Syne - Planning ahead for LTC Makes Sense

We sing this – about “the olden days” – on New Years’ Eve.

However, in the world of long term care planning, honestly, there’s not too much to reminisce about. The more things change, the more they stay the same.

Here’s the way I see it.

Old people need care. Sometimes extensive care (not to mention expensive care).

Unfortunately, either through denial or ignorance, few want to admit to this fact. They also don’t want to pay for the care…especially not in advance.

So, as the saying goes, Houston, we have a problem!

Youngish Term Care Claims

The prevailing wisdom is that long term care insurance claims don’t happen until well after traditional retirement age. Say, age 80+, or even 90+ if you’re lucky. And that’s true— usually. But let’s consider the exceptions. Imagine you’re 45, 55, or 65, and you just bought a long term care insurance policy.

Long Term Care Insurance – What It’s NOT

I find that the greater a person’s understanding is about exactly what long term care insurance can and cannot do, the more likely they are to clearly see its benefits.

Long term care (LTC) insurance pays a monetary amount for covered care when the insured either needs assistance with defined activities of daily living and/or has met the policy’s definition of cognitive impairment.

Opinions and Facts: Long Term Care Insurance

If there’s a silver lining to the pandemic we’re all living through, it’s the spotlight on long term care. Families with loved ones in senior care homes, whether assisted living units, nursing homes, or other facilities, were confronted right from the start with difficulties previously not considered.

Made Complicated set of Options Very Understandable

Melissa was extremely knowlegeable, patient and friendly.  She mad a complicated set of options very understandable & helped us make an informed choice.

Louise P, Washington, D.C.

The Definitive Annual Survey on Long Term Care Insurance

Large File FoldersOnce a year I report highlights from the annual “Milliman Long Term Care Insurance Survey”—and right on schedule, the latest survey has just been published in the July 2021

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