Baygroup Insurance

Maryland's premier Long-Term Care insurance agency

caregiver

"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.

Attention Long Term Care Shoppers: Costs and Other Realities

Modern consumers have greatly benefited from the ability to comparison shop and order from virtually any purveyor. This reality has even started to infiltrate the healthcare market.

However, long term care decisions for yourself or a loved one tend to be more difficult and cannot necessarily be made at the touch of a button through technology like Siri and Alexa. Whether the search is for a home health care worker, or, a facility such as an assisted living facility or nursing home, the choice is often a complex and nuanced one.

Respite Care for Caregivers

According to AARP and the National Alliance for Caregiving (NAC), approximately 7.5 million Americans care for loved ones age 49 or over for an average of 41 hours a week. What many of these caregivers are unaware of is that respite care exists that would allow them time off from the often around-the-clock services they are providing for their care recipients.

The True Cost of Long Term Care for Caregivers

The true financial cost of long term care for caregivers can be a huge burden. No one wants to be dependent on someone else for everyday tasks, however, the truth is that almost 70% of Americans 65 years of age and older will need long term care at some point in their lives. Here is what you need to know about the real cost of long term care if you are a caregiver.

The Emotional and Physical Impact of Care on Caregivers’ Health

It is estimated that 44 million people eighteen years of age and older in the United States provide unpaid assistance to adults who are aging or have disabilities. The value of this unpaid group is almost double that of both the nursing home ($115 billion) and home health care industries ($43 billion), coming in at $306 billion annually. While this shows a remarkable amount of care for one’s family and community, evidence shows that most caregivers do not have the necessary support they need and are not prepared for what is required of them.

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