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How Good Food Can Help Your Finances

September 24, 2019 by Honey Leveen Leave a Comment

While researching the value of nutrition on our long term care benefits (“Eating for Life — An LTCi Benefit“), I came across a powerful infographic. There was so much important information in that image, I decided it needed its own blog post. I want to highlight all the great points made.

Many people spend their time and energy looking to solve their health issues with multiple prescriptions. But some of the easiest answers can be found in the foods we eat on a regular basis.

The Friedman School of Nutrition Science & Policy at Tufts University has launched a Public Impact Initiative to address the “nutrition crisis” found across our nation. They are bringing the full power of their research to help create awareness and change. They are targeting farming programs, school lunch offerings, the military and many other stakeholders in the healthcare sector.

Food Is Medicine

The image below starts with the 10 foods that cause nearly half of U.S. deaths (heart disease, stroke, type 2 diabetes) each year.

  • Eating too much:  sodium, processed meat, sugary beverages, and unprocessed red meat
  • Eating too little:  nuts & seeds, seafood Omega-3, vegetables, fruit, whole grains, and polyunsaturated fats

The Public Initiative aims to save lives and also reduce the skyrocketing costs of healthcare.

LTCi benefit

Workplace Strategies

  • Reducing employee health risks (like high blood pressure and sugar levels) by only 1% can save employers $83 to $103 each year.
  • Wellness programs lower medical costs by $3.27 for every $1.00 spent

Lower Income Families

  • Increasing intake of fruits & vegetables of all SNAP recipients will save $6.77 billion over a lifetime.

Healthcare System

  • Increasing intake of fruit & vegetables by Medicaid and Medicare participants could prevent almost 2 million cardiovascular disease incidents and save over $40 billion in healthcare costs.
  • Treating diabetes by providing free fresh food lowers the risk of death or other complications by 40%.
  • Increasing the amount of whole grains, nuts, fish, and plant-based oils in our diets can prevent 3.31 million cardiovascular disease events. This could save over $102 billion in healthcare costs.

The LTCi Benefit

Here’s the bonus! While we’re enjoying all of this delicious, nutritious food, we’re feeling the incredible benefits in our bodies. We’re also living longer lives with significantly better health. This lowers our own cost of healthcare.

In addition, this preserves the value of your long term care insurance policy, allowing it to grow in value for a longer period of time. When you finally need to start receiving payments, you will have a deeper well to draw from. This gives you access to a wider variety of care options and a higher quality of life in your later years.

Click here to receive a free, no-obligation quote for your own LTCi policy.

Filed Under: Age related cognitive impairment, Elephant in the Room, Helpful Information About LTC, Information About LTC Tagged With: Friedman School of Nutrition Science and Policy, health insurance, Long Term Care insurance, long-term care costs, LTCi, Medicaid, medical insurance, Medicare, Public Impact Initiative, Tufts University

Two Options for Funding LTC Expenses

January 27, 2016 by Honey Leave a Comment

Self FundingIn his January 12, 2016 Forbes column, Wade Pfau describes why Medicare, Medicaid and health insurance do not pay for long-term care (LTC). This column describes what can and often does happen, financially and psychologically, even to highly affluent people, when LTC planning is ignored and people wind up self funding for LTC with personal assets.

Mr. Pfau has heart. He gives us facts, but he also shares accurate human insights. He wisely urges people to prepare now for their last years, and to share their plans with those they most trust.

This piece is accurate, accessible and concise.

He states, “For self funding, ask yourself if you have sufficient financial resources to cover an expensive long-term care shock and still meet the remaining financial goals for retirement. Which specific resources could be used for long-term care expenses? How will they be invested? What impact would these expenditures have on the standard of living for remaining household members and potential beneficiaries? Is this a risk that can be accepted, or could insurance provide a positive impact by helping pool this risk?”

“Self funding could force an individual to rely more greatly on family care, which introduces a number of potential opportunity costs not included in formal cost calculations. Caregivers often experience increased stress and health problems, and they could be forced to make sacrifices in their careers that could result in substantially reduced lifetime earnings. The health problems created by providing long-term care could potentially result in the caregiver needing long-term care for themselves as well.”

Filed Under: Elephant in the Room, Helpful Information About LTC, I'll Just Self-Insure, Information About LTC Tagged With: caregivers, caregiving, Forbes, health insurance, home care, Long Term Care insurance, LTC, LTCi, Medicaid, Medicare, Nursing Homes, Wade Pfau

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Phone: 713-988-4671
Fax: 281-829-7177

Email: honey@honeyleveen.com

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Open Quotation Mark"Honey - Whenever I need a clarification regarding our “LTC” you are “Johnny on the spot” responding in a very prompt manner, reassuring me, informing me in a concise way, patient with me as I massage the understanding in my own words. Your knowledge is current and expressed with confidence, offered in your conscientious and upbeat personality. Quotation Mark ClosedIt is a pleasure to work with you. Thank you for your expertise." ~ Nancy Damon, Houston, TX
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Honey Leveen, LUTCF, CLTC, LTCP
“The Queen, by Self-Proclamation, of Long-Term Care Insurance (LTCi)”
404 Royal Bonnet
Ft. Myers, FL 33908

Phone: 713-988-4671
Fax: 281-829-7177

Email: honey@honeyleveen.com

Email: honey@honeyleveen.com

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