Baygroup Insurance

Maryland's premier Long-Term Care insurance agency

Benefits

Long Term Care: Knowing vs. Understanding

It’s one thing to know something, quite a different thing to understand it.

Knowing is more academic, objective. When you know something, you’ll get the right answer on a quiz.

Understanding? Well, I believe that’s more under your skin. In your bones. Relevant to your life.

The Battle of the Sexes: Long Term Care Version

Fifty years ago, Billie Jean King (then age 29) soundly beat self-proclaimed male chauvinist Bobby Riggs (then age 55) in an event dubbed the Battle of the Sexes.

The Elephant in the Retirement Planning Room

Odds are that among all your friends, relatives, advisors, and colleagues, very few have ever talked with you about the importance of planning for a future care need. Can’t blame them— it’s definitely not the most exciting of topics.  

Long Term Care Preparedness: Crafting Your Long Term Care Safety Net

Imagine trying to design a home if you didn’t know the local building codes, zoning laws, what materials were available and what they cost, and how to get utilities to the property.

What Every Policyholder Can Do to Make Claim Time Easier

Whether you’re a new long term care insurance policyholder (congratulations!), or you’re a family member of a policyholder and you’re anticipating a need for that person’s care, this article can help you get your claim paid quickly and with minimal stress.

The Mother of All Reasons for Having a Long Term Care Insurance Policy

It’s frequently said that long term care is a women’s issue, and there’s a lot of evidence to support that point of view. Sixty percent of family caregivers (read: unpaid) are female.

Inflation and Long Term Care Insurance

Prospects of higher inflation may strike fear in the hearts of most people. However, long term care insurance policyholders may actually have quite a different reaction. Let me explain:  

An Alphabet Soup of Long Term Care Choices: Are ADUs the New ALFs?

Decades ago, when someone needed long term care, it would often be provided at home. The only other option was to move to a nursing home, which most believed was a choice of last resort.

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.

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