Baygroup Insurance

Maryland's premier Long-Term Care insurance agency

caregiver

Home Alone?

When you imagine needing long term care, what do you imagine? Is the location a larger building, perhaps an assisted living facility, where responsibilities such as yard care and cooking are someone else’s concern? Or are you in your own home, tended to by paid caregivers, with visits from family and friends?

Transparency Regarding Long Term Care Financing

In terms of valuable life skills, it’s good to know how important (read: expensive) decisions are financed. We’re all familiar with the need to buy, or rent, a place to live. We know the responsibilities of purchasing or leasing a new car.

Answers To The Most Important Questions About Alzheimer’s

Written By: Anna Kucirkova

Edited By: Cori Hundt

The effects of Alzheimer’s disease and dementia are an ever growing concern for the aging, caregivers, and those in the medical profession. The disease causes pain and agony for the sufferer and can be equally as distressing for those who see their loved one lose their memory and ability to function.

A New Twist on Filial Laws

Parents are used to financially supporting their minor-age children. However, most adults don’t give a second thought to the possibility of being legally obligated to support their parents.

"Braking" Breaking News: Long Term Care Insurance

We all know that breaking news is pretty synonymous with breaking bad news. OK, usually with very bad news. After all, as the saying goes, “if it bleeds, it leads.” Ouch! Controversy, both real and manufactured, grabs our attention, sells newspapers, and garners views on digital devices.

Long Term Care Planning… and Love

What’s the sentiment at the heart of long term care planning? No, it's not fear. (Of care costs or gaps in Medicare.) It's not even concern. (About medical conditions or Medicaid eligibility.) I’m talking about love. Yes, I know Valentine’s Day is in the rear view mirror. That’s OK. The kind of love I’m talking about transcends flowers and cards.

The Funding Options for a LTC Event - Continuing Education Class

Melissa Barnickel spoke at the Baltimore Chapter of Society of Financial Professionals on, “The Funding Options for a LTC Event”.

3/13/18

8am-11am

For More Information Click Here

Taking Control of Future Events Through Long Term Care Planning Classes

Melissa Barnickel will resume teaching continuing education classes at Harford Community College this spring titled, "Taking Control of Future Events Through Long Term Care Planning". The next sessions will be at the following dates/times:

·       4/26  6:30-8:30pm 

·       6/5   10am-12pm 

·       6/14  6:30-8:30pm 

Long Term Care Planning Podcast

Melissa Barnickel was recently interviewed on, "The Independent Living Podcast", where she provides helpful advice regarding your long term care needs. It is free on iTunes and can be downloaded at the following link: The Independent Living Podcast- Long Term Care Planning

Long Term Care Planning: Dramatic Differences Between Short Term Planning vs. Long Term Planning

It’s sad but true: by the time most people realize they wish they had a long term care insurance policy, they are too sick or old to buy one.

So, in an effort to mitigate the crushing financial toll long term care will have with no planning, many of them end up doing short-term planning– let’s call it crisis planning. Crisis planning isn’t about optimal strategies. It’s all about limiting the financial destruction and trying to make up for the fact that no real plan for how to pay for care is in place.

Getting long term care planning done well in advance of when you actually need it stacks the deck in your favor. That’s why people in their 40’s-60’s are benefiting themselves by visiting the topic of long term care planning decades in advance of their 80’s, when they are most likely to have a claim.

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