Archives for February 2017

This past week we saw two articles about the impending long-term care crisis.

The first was in the January 25, 2017 New York Times titled, “Why Women Quit Working: It’s Not for the Reasons Men Do“. In the US, job qualified, many competent women are dropping out of the US workforce to become caregivers. The rates are higher than in any other first world country. “This “care chasm” would seem to explain the stark contrast between working women in the United States and in other advanced industrialized countries with comprehensive family support policies. In most European nations, for example, women’s labor force participation has increased significantly since 2000 instead of faltering.”

I’ve done prior blogs about why our long-term care payment system creates a cycle poverty. These blogs tie in well with the second article.

The second article appeared in the January 28, 2017 Houston Chronicle. It’s titled There’s A Huge imbalance in How Texas Provides for its Old People. This article profiles the unusual, disproportionately Hispanic, low income citizens of Brownsville, TX.

Being a caregiver in Brownsville is a very common job. Brownsville is unique in this regard. If you don’t live in Brownsville, however, you are less likely to find reasonable, high caliber caregivers unless you can afford to pay adequately for your long-term care.

Is long-term care insurance (LTCi) worth it? Does long-term care insurance pay for home care, assisted living, adult day care and nursing homes? Yes. Anyone interested in LTCi rates should contact me. I will be happy to quote long-term care insurance rates at no obligation.